HDFC Life Smart Woman Plan

All you need to know

HDFC Life Smart Woman plan is an award winning unique insurance cum investment plan designed specifically for women.

Benefits:

Comprehensive coverage options which covers you against pregnancy complications and congenital conditions or for malignant female-specific cancers
Uninterrupted savings with waiver & funding of premiums for next 3 years on occurrence of specific events

Three Options:

Benefit Option	Event Groups
	Pregnancy Complications or Birth of Child with congenital disorder	Diagnosis of malignant cancer of female organs	Death of spouse
Classic	Premium Waiver	Premium Waiver	Not covered
Premier	Premium Waiver and Periodic Cash Benefit	Premium Waiver and Periodic Cash Benefit	Not covered
Elite	Premium Waiver and Periodic Cash Benefit	Premium Waiver and Periodic Cash Benefit	Premium Waiver

Maturity Benefit: Fund value on the date of maturity
Death Benefit: Greater of sum assured (less withdrawals) or Fund Value or 105% of premiums paid. Sum assured can be 7 to 40 times of annualized premium.

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FAQs

1. What is the Min/Max age at Entry/Maturity?

Parameters	Minimum	Maximum
Entry Ages for Proposer (Years)	18	none
Entry Ages for Female Life to be Assured (Years)	18	45
Entry Ages of Spouse for Elite Option (Years)	21	50
Maturity Age for Female Life to be assured	28	60
Age of Risk Cessation for Spouse in Elite Option(Years)	31	60

2. What is the minimum premium that needs to be paid?
Minimum Premium is ₹24000

3. What is the Death Benefit under the plan?
Sum Assured less all withdrawals made during the two year period immediately preceding the date of death or,
• The total fund value or, The policy will terminate there after and no more benefits will be payable.
105% of the total premiums paid.
The policy will terminate there after and no more benefits will be payable.

4. What are the fund choices?
Fund option Income Fund, Balanced Fund, Blue Chip Fund and Opportunities Fund

5. Can I do a partial withdraw from my fund?
You can make lump sum partial withdrawals from your funds after 5 years of your policy provided: The minimum withdrawal amount is 10,000 after the withdrawal and applicable charges, the fund value is not less than 150% of your annualized premium The maximum amount that can be withdrawn throughout the policy term is 300% of the original regular premium. The partial withdrawals shall not be allowed which would result in termination of a contract. We will waive partial withdrawal charges for upto 12 partial withdrawals, within one year from date of child birth.

6. Can I do any free switch under the plan?
You can pay your future premiums into different funds, as per your need. We will waive switching charges for up to 12 switches, within one year from date of child birth.

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Disclaimer

HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.HDFCLife Smart Woman (Form No P501 UIN: 101L082V03 ) is a Unit Linked Non Participating Life Insurance Plan.Life Insurance Coverage is available in this product. This version of the product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions and exclusions contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer.ULIP Issued on or after 1st February 2021 where the annualised premium exceeds Rs 2.5 lakh at any time during the premium paying term, the amount received on maturity shall not be entitled for exemption under section 10(10D) of the Income-tax Act, 1961. However, death benefit received shall be exempt u/s 10(10D). Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. Insurance policy is underwritten by HDFCLife. Purchase of Insurance policy is voluntary. ARN: PP/03/20/18325.

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