HDFC SL Invest Wise Plan

Introduction/Overview
HDFC Standard Life Invest Wise Plan is a Unit Linked Insurance plan providing the dual benefit of capital appreciation through market participation and life insurance coverage. The plan has a fixed policy term and Sum Assured option.

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Guaranteed Tax Savings
Under sec 80C & 10(10D)
₹ 1 Crore
Invest 10k Per Month*
Zero LTCG Tax
Unlike 10% in Mutual Funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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Key Features

It is a unit linked plan with Single Pay option of premium payment

The following 4 funds are available for investment

Blue chip Fund
Opportunities Fund
Balanced Fund
Income Fund

Benefits

The insured will get the total Fund Value on Maturity
Maturity Proceeds can be availed in equal instalments post maturity over a period of 5 years through the Settlement Option
On death of the policyholder, higher of the Sum Assured net of partial withdrawals made 2 years prior to death or Fund Value or 105% of premiums paid is payable to the nominee if age attained was less than 60 years
If age attained was equal to or more than 60 years, higher of Sum Assured net of partial withdrawals made after age 58 years or Fund Value or 105% of premiums paid is payable
Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Last Birthday)	45 years	70 years
Maturity Age (Last Birthday)	60 years	85 years
Policy Term (PT) in years	15
Premium Paying Term (PPT) in years	Single Pay
Single Premium	25,000	No limit
Sum Assured	110% of Single Premium

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Policy Details

Grace period: no application of grace period in single pay plans

Policy termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

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.