In case of death of insured, a higher sum assured is offered.At maturity, the insured gets bonuses including vested, interim and terminal bonus.The plan allows benefits on a monthly basis at the rate of 8% payout annually.Under this plan, the policyholder gets to choose from 6 available options of regular income in varied combinations.This is a savings plan that comes with a regular income. Tax exemptions are also available under the plan.The plan offers loan facility for up to 80 percent of surrender value.Smokers are levied with additional premium.If unfortunately, the insured dies during the policy year, a higher sum assured is paid together with assured additions.The policy pays the sum assured and accumulated additions gained to the insured at the time of maturity.The plan offers guaranteed additions accumulated under the investment with every policy term that is complete and paid for.This is a traditional endowment plan that comes with the following features: There are several attractive benefits and features offered by HDFC Life Insurance company under its traditional and HDFC investment plans as discussed below: 1. The plans are available under the category of endowment or money back plan.The plans in the participating category are entitled for the profits earned by the company, while the non-participating plans are not entitled for any profits.These plans are available as participating as well as non-participating plans.The policyholder cannot withdraw money from such life investment plans in most cases.Traditional plans are long-term policies that are issued for a long duration.Here are some features of traditional Investment Plans:

Depending on the particular plan, the policyholder may also receive maturity benefit at maturity along with accrued bonuses. Here, the insurance company promises the policyholder a sum assured as death benefit, which is payable if the policyholder dies during the term of the policy. Life Investment plans are also known as Conventional policies under which money is invested according to the insurance act guidelines.

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Hdfc life salary slip format