HDFC Life Capital Shield

The policyholders can expect additional benefits to increase savings and wealth while securing finances for future obligations if they pay the premiums on time and follow all the norms as per the policy guidelines.

HDFC Life Capital Shield Plan Details:

Benefits of HDFC Life Capital Shield

HDFC Life Capital Shield Plan comes packed with a wide range of benefits to offer to its buyer. The following are the core benefits offered by the plan:

1. Partial Withdrawal Facility

   The policyholders can make a minimum partial withdrawal of INR 10,000 provided the fund value becomes at least 150%* of annualized HDFC Life Capital Shield premium for limited pay and 25%* of the single premium for single pay policies. (*Standard T&C Apply)

2. Maturity Benefits

   HDFC Life Capital Shield Policy will offer the benefits as higher amounts between fund value and 101%* of total premiums paid. It will deduct the amount equal to the total, partial withdrawals made. (*Standard T&C Apply)

3. Death Benefits

   The policyholders will get the highest amount among assured sums,  Fund Value at the date of death, or 105%* of total premiums paid till date. (*Standard T&C Apply)

4. Surrender Benefits

   If the policy is surrendered within a 5 years policy period, the fund value will be transferred to the Discontinued-Policy-Fund and paid after the lock-in period. In case the policy is surrendered after completing the policy term, then the fund value will be paid immediately as applicable.

5. Investment Option

   The policyholders can invest in the following funds listed below.

   • Capital Growth Fund, i.e., an equity-oriented fund applicable for high-risk investment strategies to get medium to long term wealth appreciation
   • Capital Secure Fund, i.e., a debt-oriented fund applicable for a low-risk investment strategy to get financial security

6. Tax Benefits

   HDFC Life Capital Shield Policy offers tax benefits* as per Section 80C and Section 10 (10D) of income tax act 1961. (*Tax benefit is subject to changes in tax laws)

The Premium for HDFC Life Capital Shield

The policyholders must pay HDFC Life Capital Shield premium amounts mentioned below if they buy the policy. They can choose from different premium terms and modes as per their convenience.

Minimum: 

• Single Pay: Rs. 48,000
• Limited Pay: Rs. 48,000 for Yearly premium mode, Rs.24,000 for Half-yearly premium mode, Rs. 12,000 for Quarterly premium mode, and Rs. 4,000 for Monthly premium mode.

Maximum: No limit. The maximum premium amount is decided based on company discretion. The interested individuals are recommended to calculate the premium amount using the HDFC Life Capital Shield calculator available online.

Additional Riders for HDFC Life Capital Shield

Not Available.

Eligibility for HDFC Life Capital Shield

If interested individuals want to buy HDFC Life Capital Shield, they must consider the following eligibility criteria.

• Entry age: The minimum age is 8 years, and the maximum age is 60 years
• Maturity age: The minimum age is 18 years, and the maximum age is 70 years

What are the Documents Required to Buy the Policy?

The applicants must submit the following documents for the KYC process of managing the HDFC Life Capital Shield Policy.

• Identity proof such as Voter's ID, PAN ID, AADHAR ID, Driving License, Passport, etc.
• Address proof such as Voter's ID, AADHAR ID, Driving License, Passport, Ration card, etc.
• Income proof such as salary slips, income tax returns, etc.

How to Buy this Plan Online?

The interested individuals must follow the steps mentioned below if they want to buy HDFC Life Capital Shield online.

Step1: Visit the official website of Policybazaar. 

Step2: They are required to select HDFC Life Capital Shield premium terms, modes, and amounts to identify the assured sum amount and available investment opportunities.

Step3: The applicants must select options if they agree with the terms and conditions, and regulatory norms of the policy. 

Step4: They must make payment through debit, credit, net banking, or wallet payment solution to purchase the policy.

The interested individuals are advised to read HDFC Life Capital Shield reviews online before making a purchase decision.

Exclusions of HDFC Life Capital Shield

HDFC Life Capital Shield Policy excludes death benefits in death of assured life due to suicide attempt. However, if the death takes place within one year from the risk commencement date or policy revival date, the nominee will get the fund value as applicable at the date of death.

FAQ's