Loading...
Loading...
HDFC Life Guaranteed Income Insurance Plan is an individual, non-linked, non-participating savings life insurance plan. It is designed for people who want to pay premiums for a selected period and receive guaranteed regular income during the applicable payout period, provided the policy conditions are met. The plan also provides a maturity benefit and a death benefit. Income may be received monthly or annually, where permitted by the selected option. The benefit amounts and payout schedule depend on the policy term, premium-payment term, premium amount and option selected at inception. The current product UIN listed by HDFC Life is 101N146V11.
Guaranteed regular income, maturity lump sum and death benefit under policy terms
The plan may suit people who prioritise predictable policy benefits and want to schedule future income for goals such as household expenses, education or retirement. Its non-participating structure means the stated guaranteed benefits are defined by the policy terms rather than depending on future bonus declarations. However, a guaranteed payout does not automatically mean the policy is the best-value savings choice. Compare the total premiums payable, the timing and amount of every guaranteed payout, the maturity benefit, and the death-benefit structure against alternatives. Confirm that the policy remains eligible for the promised survival benefits by paying all due premiums. Tax treatment depends on prevailing law and the individual policyholder’s circumstances.
HDFC Life
Key Insights
Founded
2000
HDFC Life was established 26 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.72% CSR, calculated as a 3-year average
HDFC Life settles 99.72% of all claims it receives, demonstrating strong credibility.
Contact Details
1860-267-9999
Headquarters: 13th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai, Maharashtra, 400011
The plan provides guaranteed income during the applicable payout period when all required premiums have been paid and policy conditions are satisfied.
Income amount and timing depend on the selected option and policy schedule.
The policy allows income to be received monthly or annually where the selected option and policy rules permit.
Confirm the payout frequency at inception and review the benefit illustration.
On survival to the end of the policy term and satisfaction of policy conditions, the applicable Sum Assured is payable along with the due guaranteed-income instalment.
Refer to the policy schedule for the exact maturity amount and final income instalment.
The nominee receives the death benefit calculated under the policy. The applicable calculation considers the policy-defined multiples of annualised premium, Sum Assured and 105% of total premiums paid.
The exact multiplier and benefit calculation must be verified against the issued policy version.
The nominee may choose the applicable lump-sum death-benefit settlement option under the policy.
Settlement choices are subject to policy terms and claim approval.
This optional rider may provide additional income benefits in the event of total permanent disability caused by a covered accident.
Rider availability, underwriting, exclusions and benefits are governed by its own terms.
This optional rider may provide benefits for specified events such as accidental death, covered disability or cancer, according to the selected rider terms.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
HDFC Life plans and claim process
It is an individual, non-linked, non-participating savings life insurance plan designed to provide guaranteed regular income, a maturity benefit and a death benefit under the selected option. Its current listed UIN is 101N146V11.
The plan provides guaranteed income when the policy conditions are met, including payment of all due premiums during the premium-payment term. Refer to the policy schedule for the exact amounts and dates.
Monthly or annual income payout may be available, depending on the selected option. Confirm the permitted payout frequency in the official illustration.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official HDFC Life website before purchasing.
Official Website
hdfclife.com
Visit the official HDFC Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Review the current rider brochure and its definitions before purchase.
This optional rider may provide benefits for covered critical illnesses and certain cancer stages, depending on the selected rider option.
Covered conditions, survival periods and exclusions are defined in the rider contract.
This optional rider may waive eligible future premiums following specified covered events.
Check covered events, eligibility and exclusions in the current rider document.
This optional rider offers benefits for specified covered events depending on the rider option chosen.
Availability with this policy and the relevant terms should be confirmed with HDFC Life.
At the end of the policy term, the applicable Sum Assured is payable along with the due guaranteed-income instalment, subject to the policy conditions.
The death benefit is calculated under the policy using the applicable annualised-premium multiple, Sum Assured and 105% of total premiums paid. The exact calculation depends on the policy version and terms.
Under the stated option, 110% of the guaranteed death benefit is paid as monthly income spread over 60 months, subject to the applicable policy conditions.
No. It is a non-linked, non-participating savings life insurance plan. Its stated guaranteed benefits are defined by the policy terms rather than unit-linked fund performance.
Optional riders may be available subject to product rules, underwriting, rider eligibility and terms. Confirm current availability and premium with HDFC Life.
The policy may become subject to lapse, paid-up or other provisions depending on its status and terms. Review the policy document and contact HDFC Life before stopping payments.
Surrender provisions depend on the policy terms and when surrender occurs. The value may be lower than the total premiums paid, so review the surrender-value rules before deciding.
The premium depends on factors such as age, selected policy term, premium-payment term, premium amount and payout option. Use the insurer’s official quote for your personal illustration.
HDFC Life currently lists UIN 101N146V11 for the Guaranteed Income Insurance Plan. Check the UIN on the current brochure and policy documents when applying.