HDFC Life Smart Woman Plan

HDFC Life Smart Woman Plan is a unit-linked insurance plan only for women. This is an investment plan designed exclusively to insure female lives and also covers them against pregnancy complications, female-specific cancers and much more. The risk associated with investment has to be borne by the policyholder as it is a ULIP.

Key Features

  • Unit-linked Insurance plan designed specifically for women
  • Sum Assured can be increased up to 40 times the Annualized Premium
  • Variants of this plan are Classic, Premier and Elite

Benefits

  • Maturity benefit
On survival till the end of the policy tenure, the policyholder gets the Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any as Maturity Benefit and the policy terminates.
  • Death benefit
In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of 10 times the Annualized Premium or the Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any, subject to a minimum of 105% of total premiums paid as Death Benefit and the policy terminates.
  • Income Tax benefit
Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.

Add-ons

  • Investment Fund Options
  • Short Term Fund
  • Income Fund
  • Balanced Fund
  • Blue Chip Fund
  • Opportunities Fund
  • Am I eligible?

    PARAMETER MINIMUM MAXIMUM
    ENTRY AGE 18 50
    POLICY TERM 10 15
    AGE OF MATURITY 28 60
    PREMIUM PAYEMENT TERM SAME AS POLICY TERM
    PAYMENT TERMS ANNUAL, SEMI-ANNUAL, QUARTERLY, MONTHLY

    What if?

    • I want to switch between investment fund choices
    You are allowed to move from any fund to any fund at anytime subject to charges.
    • I want to do partial withdrawals in my policy
    Partial Withdrawal You are allowed to make Partial Withdrawals in this policy after 5 complete policy years or the life assured is 18 years old, whichever is later. The minimum amount of Partial Withdrawal should be Rs. 10,000 such that the Fund Value is not less than 150% of the Annualized Premium and the maximum Partial Withdrawal in the entire Policy Tenure is 300% of the Annualized Premium.

    Exclusions

    • Exclusion of death benefit
    • General exclusions on pregnancy complication, cancer of female organs
    • Specific exclusions and conditions on child born with congenital disorder
    • Specific exclusions and conditions on benefit on cancer
    • Specific exclusion for benefit on demise of spouse are available under the policy