HDFC Life Capital Shield is insurance cum investment plan that helps policyholders secure future financial obligations and increase funds invested. The policy offers maturity benefits, death benefits, and investment opportunities to invest in two listed funds based on risk preference. The policyholders get the chance to choose a suitable premium mode and premium payment term. However, they are required to pay various charges as applicable. 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.
|Premium Payment Terms||Limited Pay: 5 years Single Pay|
|Premium Payment Mode||
|Entry Age||Minimum: 8 years Maximum: 60 years|
|Maturity Age||Minimum:18 years Maximum:70 years|
|Sum Insured||Limited Premium
|Liquidity||The policyholders can invest in funds after completing five policy years.|
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:
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)
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)
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)
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.
The policyholders can invest in the following funds listed below.
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 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.
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.
If interested individuals want to buy HDFC Life Capital Shield, they must consider the following eligibility criteria.
The applicants must submit the following documents for the KYC process of managing the HDFC Life Capital Shield Policy.
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.
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.