HDFC Money Back Plan

HDFC Life Money Back Plan, is a unique life insurance policy that helps you to receive regular cash back at periodic intervals and offers financial protection to your family members in case of your absence.

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Let’s discuss the key features, benefits, eligibility and how a HDFC money back insurance plan works:

What is HDFC Life Money Back Plan?

HDFC Life Money Back Plan is a financial product that offers periodic payouts i.e., survival benefits at fixed intervals, along with a benefits in case of policyholder’s death (sum assured). These survival payouts amount to some percentage of the life cover.  It is a participating plan, which means that you can participate in the profits of the insurance company through bonuses. 

Key Features and Benefits

  • Survival Benefits: HDFC Life Money Back Plan provides regular payouts after every four policy years. These payouts can be useful in meeting various financial needs such as education expenses, marriage expenses, or any other planned milestones in your life.

Policy Term 4th Year 8th Year  12th Year 16th Year 20th Year 24th Year
12 years 25% 25% Remaining 50% + any bonus - - -
16 years 25% 25% 25% Remaining 25% + any bonus - -
20 years 20% 20% 20% 20% Remaining 20% + any bonus -
24 years 15% 15% 15% 15% 15% Remaining 25% + any bonus
  • Maturity Benefit: At the end of the policy term, if you survive the entire duration, you will receive the maturity benefit, which is the sum assured along with any accumulated bonuses. You can check the maturity amount by using the HDFC Money Back calculator. 

  • Death Benefit: In the unfortunate event of your demise during the policy term, your nominees will receive the death benefit, which is the higher of the sum assured and accrued bonuses specified under the plan. 

  • Tax Benefits: HDFC Life Money Back Plan allows for annual premiums of up to Rs. 1,50,000 to be exempt from income tax under Section 80C. Additionally, the benefits received upon maturity of the policy are not subject to taxation under Section 10(10D) of the Income Tax Act, 1961.

  • Bonus Declarations: As a participating policyholder, you are entitled to receive bonuses declared by the insurance company. The plan provides terminal and reversionary bonuses.

  • High Sum Assured discount: This money back plan offers a 5% discount on the high sum assured for amounts equal to or exceeding Rs 5 lakhs.

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Eligibility Criteria of HDFC Money Back Plan

To be eligible for HDFC Life Money Back Plan, you need to meet the following criteria:

Parameter Minimum Maximum
Policy term 12,15,20 years 24 years
Entry age 14 years 53 years
Age at maturity - 65 years
Annual premium Rs. 10,000 for annual mode Rs. 12,000 for other modes No limit on the maximum premium amount
Premium payment modes Yearly, half-yearly, quarterly and monthly
Premium payment term Equal to policy term

How to Apply for HDFC Life Money Back Plan

Applying for HDFC Life Money Back Plan is a straightforward process. Here are the steps to follow:

  • Research and Understand: Begin by thoroughly researching the policy details and understanding its features, benefits, and terms and conditions. This will help you make an informed decision.

  • Consultation with an Advisor: Reach out to policybazaar’s advisor who can guide you through the entire process, answer your queries, and assist you in choosing the right policy variant based on your needs.

  • Documentation: Prepare the necessary documents required for the application process. This typically includes identity proof, address proof, age proof, and income-related documents.

  • Application Form: Fill out the application form accurately and provide all the required information. Make sure to double-check the form for any errors or omissions.

  • Medical Examination: Depending on the sum assured and your age, a medical examination may be required. Cooperate with the insurer's designated medical professionals to complete the examination.

  • Payment: Pay the initial premium amount as per the payment schedule provided by the insurer. Ensure that the payment is made through secure channels and obtain a receipt for future reference.

  • Review and Approval: The insurance company will review your application, including the submitted documents and medical reports. Upon successful verification, they will approve your policy and issue the policy document.

Additional information about the HDFC Life Money Back Policy

  • Loan availability: The policyholder cannot avail a loan against this policy.

  • Policy alterations: The following changes can be made during the policy term, but they are subject to the terms and conditions set by the insurer:

    • Changing the premium frequency.

    • Reviving a lapsed or paid-up policy.

    • Increasing or decreasing the premium, sum assured, or policy term is not permitted.

  • Guaranteed minimum surrender value: After paying premiums continuously for three years since the start of the policy, the policyholder is entitled to receive a guaranteed minimum surrender value.

  • Riders: There are no additional rider options available for this plan.

Wrapping Up!

HDFC Life Money Back Plan is a feature-rich life insurance policy that provides both financial protection and periodic payouts. By understanding its key features, benefits, and eligibility criteria, you can make an informed decision about whether it aligns with your financial goals and objectives. 


  • What does the plan offer in terms of surrender benefits?

    The surrender benefits can be availed after three years of holding the policy. The minimum guaranteed surrender value is calculated as 50% of the total premiums paid, minus the premium paid in the first year. Moreover, the surrender benefit differs depending on whether it is requested before or after the due date of the first survival benefit.
  • What happens if the policyholder commits suicide within one year from the policy commencement or revival?

    If the policyholder commits suicide within one year from the policy commencement or revival, the insurance company is not liable to pay any of the policy benefits to the nominee.
  • What happens if I stop paying the policy premium?

    If you stop the payment of the premium within the specified duration of the policy, all advantages associated with your policy will come to an end, and the policy itself will become invalid. However, if you have made a minimum of three premium payments, you are entitled to receive a paid-up value.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^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.
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HDFC Money Back Plan Reviews & Ratings

4.3 / 5 (Based on 24 Reviews)
(Showing Newest 10 reviews)
Kolaval, September 06, 2016
The traditional insurance plan i have is perfect and the premium is also less. Great services provided by hdfc life insurance company. Policy cover's maximum and claims are high which is simple to cleared. The any further information or updates are mailed to me regularly.
Kamrup, August 24, 2016
Traditional Insurance Plan
Great traditional insurance plan i have purchased in less investment. Service is fine but the online renewal through online portal is very good option. Policy coverage and claims are more than i expected. Fabulous work you have done hdfc standard life insurance.
Fakirpur, August 22, 2016
Investment plan
HDFC life insurance provide's me the traditional insurance policy. The policy coverage is good and claiming procedure is simple only because of quick service provided by the executives and staff members.
Mumbai, April 15, 2016
Great Policy
I own hdfc insurance traditional plan. Plan is good and premium is low. Policy coverage is high ~89 and payback returns too. Claiming amount is Rs.43 L after policy get mature. Service is fast like super sonic speed. The daily updates are mailed to me time to time. Overall, perfect policy plan which save tax too.
Kota, April 15, 2016
Perfect Plan
My hdfc life traditional policy plan is good in services. The policy coverage is good ~93% and the premiums are low. Claiming process is easy due to fast service provided by the executives and the staff members. The payback amount is ~Rs.41 L. I like the terms and conditons. Good work.
Surat, April 15, 2016
The policy i have is hdfc traditional policy plan which is very good and the premiums are low with high in policy coverage 91%. The claiming part is very easy because the service is very fast with good response from the staff members. Nice future investment with tax savings. I like the policy.
Pune, February 22, 2016
Hdfc life classic Assure plus plan
i got policy classic assure plus. It was the one of the best plan ever. i always refers to my frends take this plan. Service is also Good.
Kolkata, February 18, 2016
above average.
I own hdfc life insurance traditional plan. Plan is good and investment is low. Policy coverage is 80% and the claims Rs.15 lakh. Service you provided is good and every time the work done at correct time period.
Plan Name: Click2Invest
Agent Code: BPW00248
Mumbai, February 18, 2016
Nice insurance.
My policy is hdfc traditional plan. The service is really very attractive and the premium is 4899. Claims is Rs.18 lakh and the policy coverage is 70-80%. I'm happy with my policy plan.
Plan Name: Click2Invest
Agent Code: BBE04411
Bengaluru, February 16, 2016
Fair plan.
Plan is good with average facilities. Low inputs and out comes are also less. HDFC life insurance traditional plan is one of the most popular plan in middle class people. Premium is Rs.3599 quaterly and return is around 17 lakhs.
Plan Name: Click2Invest
Agent Code: BBE05131
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