Entry Age (years)
Minimum
18
Maximum
55
Maximum Maturity Age (years)
65
Policy Term (years)
Minimum
10
Maximum
30
Sum Assured (Rs)
Minimum
800000
Maximum
No Limit
Minimum Premium (Rs)
2000
Premium Payment Frequency
Single and Yearly; Half-yearly and Quarterly through ECS only.
Policy Cover
Cover remains fixed for the tenure of the policy
Other Features
Grace Period
You are allowed to pay premiums within 15 days from the due date. If a due premium is not received within the grace period of 15 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.
Tax Benefits
Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for Accelerated Sum Assured may qualify for deduction under Section 80D of the Income Tax Act, 1961.
Exclusions
In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit
Customer Service
Address
HDFC Standard Life Insurance COmpany Limited, 13th Floor, Lodha Excelus, Apollo Mills Compound, N M Joshi Road, Mahalaxmi, Mumbai - 400011
Call On
1800 227 227
SMS
LIFE@5676727
Available Rider(s)
Critical Illness Benefit: The rider sum assured is paid in case any of 6 critical illnesses--Cancer, Coronary Artery Bypass Graft surgery (CABGs), Heart Attack, Kidney Failure, Major Organ transplant, Stroke. Benefit is paid after 30 days of survival from date of claim of the life assured. Once the benefit is taken, the rider benefit terminates while base policy continues.
Accidental Death Benefit: The rider sum benefit is paid in case of death due to accident.
Accelerated Sum Assured: On diagnosis of any of the 6 critical illnesses; the rider sum assured is paid but the base policy terminates after settlement of this claim.
The Accelerated Dealth Benefit and Critical Illness Benefit cannot be taken together.
Rider Conditions
Entry Age (years)
Minimum
18
Maximum
55
Maximum Maturity Age (years)
65
Rider Term (years)
Minimum
5
Maximum
30
