HDFC Life Wealth Builder Plan

HDFC Life Wealth Builder Plan is a Unit Linked Insurance Plan (ULIP) offered by HDFC Life. It is a single premium plan, meaning you pay a lump sum amount upfront. The plan offers a combination of life insurance coverage and investment potential.

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ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans˜ with High Returns**
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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

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Disclaimer :
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

What is the HDFC Life Wealth Builder Plan?

HDFC Life Wealth Builder Plan is a unique single premium Unit Linked Insurance Plan (ULIP). With this investment plan, you make a one-time lump-sum payment and have the flexibility to choose a life insurance cover up to 10 times the single premium amount. 

You also have maturity return benefits from market-linked investment options over 5 or 10 years. Additionally, you can self-manage your savings by selecting from a variety of unit-linked funds and investment strategies tailored to your risk preferences.

Features of HDFC Life Wealth Builder Plan

  • Single Premium Payment: You pay a one-time lump sum amount.

  • Policy Term: Choose either 5 or 10 years.

  • Life Insurance Cover: Get life insurance coverage for the entire policy term. The death benefit is paid out to your nominee if you die during the policy term.

  • Investment Potential: Invest your money in unit linked funds. The returns are market-linked, which means they depend on the performance of the stock market.

  • Choice of Funds: Choose from 8 different unit linked funds to suit your risk appetite.

  • Free Fund Switches: You can switch between funds unlimited times without any charges.

  • Maturity Benefit: On maturity, you receive the fund value, which is the market value of your units. 

  • Return of Mortality Charges: In case of a 10 year policy term, 50% of the mortality charges are returned as well.

People also read: HDFC Life ULIP Plans

Eligibility Criteria

Eligibility Criteria  Details
Entry Age 8 – 65 years
Maturity Age 18 – 75 years
Premium Payment Term (PPT) Single Pay
Policy Term (PT) 5/ 10 years
Premium Amount ₹1,00,000 - No Limit
Top-up Premium Amount ₹10,000 - ₹40,00,000 
Sum Assured (SA) Entry Age Maximum SA Minimum SA
< 44 years 10 × Single Premium 1.25 × Single Premium
= 44 years 1.25 × Single Premium 1.25 × Single Premium
≥ 44 years 1.25 × Single Premium 1.25 × Single Premium
Additional Sum Assured Age when Premium Top-up Maximum Additional Sum Assured Minimum Additional Sum Assured
< 45 years 1.25 × Top-up Premium 1.25 × Top-up Premium
≥ 45 years 1.25 × Top-up Premium 1.25 × Top-up Premium

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Benefits of HDFC Life Wealth Builder Plan

The HDFC Wealth Builder Plan offers the following key benefits:

  1. Maturity Benefit:

    Policy Term of 5 years:

    • Receive the fund value on the maturity date.

    • Fund Value = NAV at maturity X number of units at maturity.

    Policy Term of 10 years:

    • Fund Value on Maturity: Calculated as NAV at maturity X number of units at maturity. 

    • 10-year Loyalty Benefit: 50% of total mortality charges deducted during the policy term (excluding GST) added to the fund value.

  2. Options for Utilizing Maturity Benefit:

    The following two options are available to utilize the maturity benefit as per the chosen policy term:

    • Lump Sum: Receive the entire maturity benefit as a lump sum.

    • Settlement Payout: Receive part of the maturity benefit as a lump sum and the rest in equal instalments over 5 years after maturity.

  3. Death Benefit:

    The HDFC Life Wealth Builder Plan offers the higher of the following:

    • Sum Assured or 105% of premiums paid or fund value.

    • Payable to the beneficiary in case of death during the policy term.

  4. Non-Negative Claw-Back Additions:

    Specified non-negative claw-back additions may be added to fund value after the first five policy years.

  5. Partial Withdrawal Benefit:

    Unlimited partial withdrawals are allowed after 5 Policy Years.

  6. Fund Switching:

    Unlimited free switches between funds are allowed during the policy term.

  7. Settlement Payout:

    Receive maturity amount partially in a lump sum and balance in installments over 5 years.

  8. Surrender/Policy Discontinuance:

    Flexibility to surrender policy during the term for surrender benefits.

  9. Tax Benefits:

    • Eligible for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.

    • Tax benefits are applicable on premiums paid and maturity proceeds.

    • Policyholders below 44 years can choose Sum Assured as 1.25 or 10 times the single premium for tax benefits.

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Investment Strategies in HDFC Life Wealth Builder Plan

  • Custom Investment Choices: Choose from 8 unit-linked funds with varying debt-to-equity ratios to match your risk tolerance and financial goals.

  • Automatic Portfolio Adjustment: This predefined strategy ensures your portfolio adapts as your goals change, reducing equity exposure as your policy matures. This protects your investment from potential downturns in the equity market without requiring your manual intervention.

  • Smart Wealth Protection: You can safeguard your wealth from market fluctuations with this methodical approach. It uses a rupee cost averaging method, particularly beneficial if you prefer gradual investment in equities. This strategy operates for the initial 36 months of your chosen policy term. If you opt for this plan, the received Single Premium, after deducting the Premium Allocation Charge, will be first allocated to the Individual Preserver Fund to purchase Units.

Policy Details of HDFC Life Wealth Builder Plan

The key policy details of this best investment plan are as follows:

  1. Free Look Period:

    • You can cancel the policy within 15 days (30 days for Distance Marketing) if you disagree with the terms.

    • Refund includes non-allocated premium, cancellation charges, fund value at cancellation date, minus fees and charges.

    • All benefits and rights terminate immediately upon cancellation.

  2. Policy Commencement:

    • Policy starts immediately from its commencement date.

    • If the Life Assured is under 12 years old, full death benefit begins from the last day of the 2nd policy year.

    • No mortality charges are levied until the start of full death benefit.

  3. Assignment Provisions:

    • Assignment must comply with Section 38 of the Insurance Act 1938, as amended.

  4. Nomination Provisions:

    • Nomination must comply with Section 39 of the Insurance Act 1938, as amended.

    • Calculation formula provided for nomination.

People also read: What is ULIP

How Does the Plan Work

Step 1: Choose your desired policy term, premium amount, and sum assured for your life insurance cover.

Step 2: Select an investment strategy or fund where your premium will be invested.

Step 3: Enjoy the benefits:

  • Provide financial protection to your family in case of an unfortunate event.

  • Maximize your returns by managing your funds through fund switching.

  • Achieve your interim financial goals at various milestones through partial withdrawals.

Step 4: Financial Benefits:

  • Upon maturity, receive the maturity amount based on the chosen maturity option.

  • In the unfortunate event of the life assured's death, the life insurance cover will be paid to the beneficiary.

Exclusions

If the policyholder dies by suicide within 12 months of starting the policy or its revival, the nominee will receive the fund value as of the date of death notification. Additionally, any charges, except Fund Management Charges (FMC) and guarantee charges, imposed after the death date will be reimbursed and added back to the fund value.

FAQs

  • What is HDFC Life Wealth Builder Plan?

    The HDFC Life Wealth Builder Plan is a single-premium Unit Linked Insurance Plan (ULIP). This means you pay a lump sum amount upfront, and the money gets invested in market-linked funds with the potential for growth over a chosen term of 5 or 10 years. It also provides life insurance coverage for your loved ones during the policy term.
  • Who is the HDFC Life Wealth Builder Plan suitable for?

    The HDFC Life Wealth Builder Plan is ideal for individuals looking for a way to grow their wealth over a specific period while also having life insurance protection. It can be suitable for those saving for a goal or accumulating a corpus.
  • What are the investment options with HDFC Life Wealth Builder Plan?

    The HDFC Life Wealth Builder Plan offers a choice of 8 unit-linked funds catering to different risk appetites. These include equity and debt funds, allowing you to create an investment strategy that aligns with your risk tolerance.
  • What are the benefits of the HDFC Life Wealth Builder Plan?

    The key benefits of HDFC Life Wealth Builder Plan are as follows:
    • Potential for market-linked returns on your investment

    • Life insurance cover for your chosen term

    • Flexibility to choose your investment strategy with various fund options

    • Option for free fund switching within the policy term

    • Receive the fund value accumulated over the policy term as a maturity benefit

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India 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

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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HDFC Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1226 Reviews)
(Showing Newest 10 reviews)
Rohan
Delhi, February 15, 2025
Exciting New Offering
The PNB MetLife NIFTY five hundred Momentum fifty Index Fund seems like a smart way to participate in the markets momentum.
 Anika
Mumbai, February 15, 2025
Promising Start
The fund focuses on momentum investing within the NIFTY five hundred is intriguing. Looking forward to seeing how it performs
Sushil
Guwahati, January 27, 2025
Transparent Information
I appreciate how Policybazaar presents transparent information about fees NAVs and fund objectives. It made decisionmaking much easier.
Manish
Ranchi, January 26, 2025
Easy Investment Process
Investing in NFOs through Policybazaar has been incredibly convenient. The process is straightforward and I was able to choose my preferred NFOs without any hassle.
Priyanka
Bhubaneswar, January 24, 2025
Trustworthy Option
Axis Max Life Sustainable Wealth fifty Index Fund is a trustworthy investment and Policybazaars platform makes investing easy and accessible for everyone.
Amit
Mumbai, January 18, 2025
Flexibility
Investing through Policybazaar allows for flexible investment options. Whether its SIP or lump sum I can choose what fits my financial goals.
Neha
Visakhapatnam, January 18, 2025
Easy KYC Process
The KYC verification was simple and fast which made my investment journey smooth.
Prashant
Udyapur, January 16, 2025
Good
I gifted life traditional plan to my wife. The policy coverage is 95% and the claims are Rs.41 L. Services provided by the executives is really very good and online facility also there which have easy interface. My wife is happy with this policy, so m i. Good Job.
Karan
Kota, January 16, 2025
Nice
I have the best policy plan from pnb metlife life insurance. The benefits are many with low premiums. Policy coverage is 91%. Claims approx. Rs.39 L with easy procedure to get it. Good future investment. I'm happy with it.
Harish
Mysore, January 16, 2025
Normal Plan
I Bought pnb metlife life insurance and took traditional insurance policy plan. The policy is average and the coverage is 70%. The claims are normal but the premiums are low. The service is okay which provided by the staff members. Good future investment and tax cutter also. Satisfied.
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