HDFC Life Saral Jeevan Plan: Features And Benefits

Photo Credit: https://www.hdfclife.com/insurance-knowledge-centre/about-life-insurance/saral-jeevan-bima-yojana-everything-you-need-to-know A savings plan that enables you to save regularly alongside a life insurance policy. Aishwarya Rajgopal Updated On 09:04 PM IST, 20 May 2023

HDFC Life Saral Jeevan Plan

This is a non-linked, non-participating, individual, life-cum-savings insurance plan from HDFC Life. Photo Credit: HDFC Life [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Features Of HDFC Life Saral Jeevan Plan

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Premium Payment

The HDFC Life Saral Jeevan insurance premium can be paid via monthly, half-yearly, or yearly instalments through NACH or ECS. Photo Credit: jcomp on Freepik [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Grace Period

30 days for half-yearly and yearly modes of payment 15 days for monthly mode of premium payment Photo Credit: azerbaijanstockers on Freepik [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Free-Look Period

15 days in case the policy is not purchased through distance marketing or electronically 30 days in case the policy is purchased through distance marketing or electronically Photo Credit: Source: Freepik [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Benefits Of HDFC Life Saral Jeevan Plan

Photo Credit: Why You Need Both Chola MS [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Death Benefit

In the case of regular premium payments, the death benefit will be 105% of all premiums paid, or 10 times the annualised premium, whichever is higher. For single premium policyholders, the death benefit will be the higher of the sum assured or 125% of the single premium paid. Photo Credit: rupixen.com/Unsplash [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]

Maturity Benefit

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Tax Benefits

You can claim income tax benefits on the premium(s) paid and the maturity amount as per the prevailing income tax laws. Photo Credit: Pixabay [{ "selector": ".story-desp_p", "duration": "1.2s", "easing": "ease-in-out", "keyframes": [{ "opacity": 0 }, { "opacity": 1 }, { "opacity": 1 } ] }, { "selector": ".substory_h1", "duration": "0.75s", "easing": "linear", "keyframes": [{ "transform": "translateY(40px)", "opacity": 0 }, { "transform": "translateY(0px)", "opacity": 1 }, { "transform": "translateX(0)", "opacity": 1 } ] } ]