HDFC Life ClassicAssure Plus

Give greater cover to your family with guaranteed bonuses

HDFC Life ClassicAssure Plus

All You Need To Know

Age limit

  • Entry age for 10-year term – 8 years to 55 years
  • Entry age for 15-year term – 3 years to 60 years
  • Entry age for 20-year term – 30 days to 55 years
  • Maximum age at maturity for the 10-year term is 65 years and for other terms is 75 years


  • Limited premium paying period: Pay premiums only for 7 years for policy term of 10 to 15 years; and pay for 10 years for policy term of 15-20-years
  • Depending upon the Sum Assured that you choose, minimum premiums are:₹ 1,000 for monthly premium, ₹ 3,000 for quarterly, ₹ 6,000 half yearly or ₹ 12,000 yearly

Ways to pay

Conveniently pay your premiums through multiple modes -- credit card, internet banking, cheque, auto debit facility


Get guaranteed revisionary bonuses of 3% per annum during premium payment term

Policy term

Choose a policy term of 10, 15 or 20 years based on your needs

Tax benefit

Get tax benefits under 80C and 10(10D) of the Income Tax Act, 1961

Maturity benefit

Receive Sum Assured plus accrued bonuses

Death benefit

Beneficiaries will receive higher of Sum Assured or 10 times annualised premiums or 105% of the premiums paid + accrued bonuses

Medical examination

Avoid a medical test by filling up a short questionnaire


Get a loan on this policy in emergencies


1. What is the Min/Max age at Entry/Maturity?            

PT (Years)101520
PPT (Years)77 or 1010
Min Entry Age (Years)8330 Days
Max entry (Years)556055
Max Maturity Age (Years)657575

2. What is the minimum premium that needs to be paid?            
Annual: Rs 12000
Half Yearly: Rs 6000
Quarterly: Rs 3000 
Monthly: Rs 1000
(exclusive of taxes and levies as applicable)"            
3. What is the Death Benefit under the plan?            
On death of the life assured, provided all due premiums are paid, we would pay the highest of the following
a) Sum Assured on Death
b) 10 times annualised premium¹
c)  105% of the total premiums²paid.
plus accrued bonuses if declared, to the nominee.
We will terminate the policy on payment of the maturity or death benefit.
Where, Sum Assured on Death is the absolute amount of benefit which is guaranteed to become payable on death of the life insured, in accordance with the terms and conditions specified in the policy.
1. Annualised premium shall be the premium amount payable in a year chosen by you, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
2. Total premiums paid means total of all premiums received, excluding any extra premium, any rider premium and taxes.   
4. What is the Maturity Benefit under the plan?            
On survival till the maturity date and on full payment of premiums due throughout the premium paying term, you will receive the Sum Assured on Maturity plus accrued bonuses 
Minimum Sum Assured on Maturity (for 10 PT is Rs.49,447 ) (For 15 PT is Rs.48,032) (For 20 PT is Rs.73,516 )
Maximum Sum Assured on Maturity ( No limit, subject to satisfactory underwriting)            
5. Can I save tax by investing in this policy?            
Yes, Tax Benefits may be available as per prevailing tax laws. You are requested to consult your tax advisor.            


HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg,  Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.HDFC Life ClassicAssure Plus (UIN: 101N089V05, Form No: 501)is the name of a Non-Linked, Participating, Savings Insurance Plan. HDFC Life Income Benefit on Accidental Disability Rider (UIN: 101B013V03) andHDFCLife Critical Illness Rider (UIN: 101B014V02) are the names of the riders. Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.

“As per recent changes in section 10(10D) of Income Tax Act, where the amount of aggregate annual premium payable in the financial year in case of Traditional plans (all non-unit linked plans except Annuity, Pension and Pure Risk Plans) issued on or after 1st April 2023 exceeding INR 5,00,000 the benefits of the policy/policies shall not be eligible for exemption under section 10(10D) except in case of death”. The customer is requested to seek advice of a tax advisor with respect to his/her personal tax liabilities under the Indian Income-tax law." ​​​​​​​