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HDFC SL ClassicAssure Plus Plan
HDFC SL ClassicAssure Plus Plan is a traditional Endowment Plan with bonus feature to provide a strong corpus for the future and also provide life insurance coverage for protection purpose.
Investment plans
- Take the first step to ₹1 Crore
- Plans delivering up to 18% CAGR
- 100% online, Zero paperwork
- Expert help at no extra cost
- 4.8++ Rated
- 17.3 Crore Registered Consumer
- 55 Partners Insurance Partners
- 7.7 Crore Policies Sold
In-Built life cover
Top performing plans˜ with High Returns**
Invest ₹10K/Month & Get ₹1 Crore# Tax-Free*
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Investment Plan
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HDFC Life Investment Plans
- HDFC SL ClassicAssure Plus Plan
Key Features
- It is a participating plan with limited premium payment option
- Guaranteed Reversionary Bonus expressed as a % of Sum Assured @ 3% is added during the PPT
- Simple reversionary bonus and Terminal Bonus increase the corpus
Benefits
- On maturity, the Sum Assured and accrued bonuses is paid including Terminal Bonus, if any
- On death of the policyholder , higher of the SA or 10 times the annual premium or 105% of the total premiums paid is payable
- Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.
Product Specification:
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Minimum |
Maximum |
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Entry Age (Last Birthday) |
30 days |
60 years |
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Maturity Age (Last Birthday) |
- |
75 years |
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Policy Term (PT) in years |
10, 15 or 20 |
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Premium Paying Term (PPT) in years |
7 or 10 |
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Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
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Yearly Premium |
12,000 |
No limit |
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Sum Assured |
49,447 |
No limit |
Details About Premium
Annual premium in Rupees for a SA of 1 lakh and PPT 10 years
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Age / Term |
15 years |
20 years |
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30 years |
12,684 |
12,625 |
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40 years |
13,192 |
12,987 |
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50 years |
14,105 |
14,039 |
Policy Details
Grace Period: 15 days’ grace period is allowed for premium payment in monthly modes and 30 days for other modes. If policyholder fails to make payment within the grace period, the policy lapses
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 2 or 3 full years’ premiums has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.
GSV = GSV Factor * cumulative annual premiums paid including the GSV of vested bonuses
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Additional Features or Riders
- High SA rebates for coverage of 10 lakhs and above @ 5% of the basic premium
Inclusions
- Loan is available under the plan @ 80% of the Surrender Value
People Also Read: HDFC Life Flexi Cap Fund NFO
Exclusions
- In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid
Documents Required
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
Insurers Offering Investment Plans
Disclaimer: Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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29 Sep 2026
While full online updates aren't possible due to mandatory UIDAIHDFC Life Traditional Plans Reviews & Ratings
(Showing Newest 10 reviews)
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ