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Investment Plans 1434 views April 15, 2020
As it is known, more than earning money-saving and investing it is harder. We work hard and earn but saving and investing this hard-earned money in the best possible avenue can prove to be quite the challenge given the multiple investment instruments; needless to mention our changing needs, circumstances and responsibilities.
Investments can be a choice between substantially risky or safe and assured. HDFC Life Capital Shield is the solution with a blend of both the worlds. With this plan, investment-cum-insurance, an opportunity to concurrently invest and avail life cover security can be done. The allocation of your money is wisely invested, increasing systematically to debt fund over time so as to protect your capital.
Table of Contents
Some of HDFC Life Capital Shield plan’s salient features are as follows:
The table provided below can be used to check for your eligibility to purchase the HDFC Life Capital Shield Plan. The flexibility to choose your premium amount, premium payment term, as well as the level of protection as specified in the plan, are also clarified below.
Eligibility Parameters | Minimum | Maximum | |
---|---|---|---|
Entry Age | 8 years | 60 years | |
Maturity Age | 18 years | 70 years | |
Policy Term (in years) | 10 years | ||
Premium Payment Term | Single Limited: 5 years | ||
Sum Assured for Limited Premium | Entry Age < 45 years | 10 times Annualised Premium | |
Entry Age between 45-54 years | 7 times Annualised Premium | 10 times Annualised Premium | |
Entry Age = 55 years and above | 7 times Annualised Premium | ||
Sum Assured for Single Premium | Entry Age < 45 years | 110% of Single Premium | |
Entry Age = 45 or more | 125% of Single Premium | ||
Premium Paying Frequency | Single Pay | Single Pay- Rs. 48,000 | No limit specified and is subject to terms and conditions. |
Limited Pay (for 5 years) | Monthly- Rs. 4,000 Quarterly- Rs. 12,000 Half-yearly- Rs. 24,000 Annual- Rs. 48,000 |
This benefit is provided at the end of your policy when all risk cover ceases, at its maturity.
Maturity Benefit is only provided when all due premiums have been paid.
The Life Assured will receive the highest of the
Maturity benefits, however, is not applicable in case of the unfortunate demise of the life assured or if the policy is surrendered.
In times of the unfortunate demise of the Life Assured, the death benefit is provided to the benefactor.
It is done so to the benefactor as the “Sum Assured on Death” if all premiums have been duly cleared.
Death Benefit paid will be the highest of:
After the death benefit is cleared, the policy will cease to exist.
HDFC Life Capital Shield is a Participating Unit Linked Plan that blends in the benefits of different worlds of investment—of high-level risk investments with better returns and regular, assured incomes. The invested capital in the form of premiums that you pay shall be subject to investment risks associated with capital market instruments. In addition to assured benefits of life insurance cover, it also provides fund returns, at the end of the term, whose unit prices shall be subject to fluctuations.