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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER OR WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR.
HDFC Life
Smart Protect Plus
UIN : 101L187V04
A Unit Linked Non-Participating Individual Life Insurance Savings Plan
A plan that provides a life cover and caters to your need of long term wealth creation.
Loyalty Additions3
Level cover plan options
Level Cover with Capital Guarantee plan option
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HDFC Life Smart Protect Plus Fund Performance
List of Funds available with this product
Equity Funds
Debts Funds
Hybrid Funds
All Funds
* Data as of 31st July 2025. Past Performance is not indicative of future performance of the fund.
* Data as of 31st July 2025. Past Performance is not indicative of future performance of the fund.
* Data as of 31st July 2025. Past Performance is not indicative of future performance of the fund.
* Data as of 31st July 2025. Past Performance is not indicative of future performance of the fund.
* Data as of 31st July 2025. Past Performance is not indicative of future performance of the fund.
* Data as of 31st July 2025. Past Performance is not indicative of future performance of the fund.
* Data as of 31st July 2025. Past Performance is not indicative of future performance of the fund.
* Data as of 31st July 2025. Past Performance is not indicative of future performance of the fund.
Why HDFC Life Smart Protect Plus?
A Unit Linked Non-Participating Individual Life Insurance Savings Plan
Choose from 4 Plan Options as per your needs
Boost your fund value with 4 kinds of Loyalty Additions (Return of 2X to 3X Mortality Charge, Return of 2X Premium Allocation Charge, Return of Fund Management Charge, Return of 2X of Guarantee Charge)
Get a Guaranteed Maturity Benefit1 in the form of capital guarantee in spite of market fluctuations
Choose from 14 funds2 to optimize your investment returns
Flexibility to choose the premium payment option- Regular Pay Options are from 25 to 99 – Age at entry and Limited Pay options are from 5 to 20 years.
Reduce your Death Benefit Cover after a chosen period under Decreasing Cover and Decreasing Cover with Capital Guarantee plan options
Choose from 4 Plan Options as per your needs
Boost your fund value with 4 kinds of Loyalty Additions (Return of 2X to 3X Mortality Charge, Return of 2X Premium Allocation Charge, Return of Fund Management Charge, Return of 2X of Guarantee Charge)
Get a Guaranteed Maturity Benefit1 in the form of capital guarantee in spite of market fluctuations
Choose from 14 funds2 to optimize your investment returns
Flexibility to choose the premium payment option- Regular Pay Options are from 25 to 99 – Age at entry and Limited Pay options are from 5 to 20 years.
Reduce your Death Benefit Cover after a chosen period under Decreasing Cover and Decreasing Cover with Capital Guarantee plan options
- Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options
- 12 Funds available under Level Cover and Decreasing Cover plan options, 2 Funds available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options
- Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options
- 12 Funds available under Level Cover and Decreasing Cover plan options, 2 Funds available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options
What makes this plan a must-have
You have the flexibility to choose your plan options.
Select your core objective for the insurance cover and view the benefits
- Level Cover
- Level Cover with Capital Guarantee
- Decreasing Cover
- Decreasing Cover with Capital Guarantee
Level Cover
This plan option provides a level cover throughout the policy term
Death Benefit:
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“Death Benefit” is payable as a lump sum if life assured dies during the policy term.
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Subject to Policy being in force and all due premiums have been paid, the Death Benefit payable to the Assignee/ Nominee shall be the highest of the following:
(i) Sum Assured, less partial withdrawals1, if any; or
(ii) Fund value, or
(iii) 105% of Total Premiums (excluding Top-up premium) Paid up to the date of death
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For a reduced paid-up Policy, the Death Benefit payable to the Assignee/ Nominee and shall be the highest of the following:
(i) Paid up Sum Assured plus any additional Sum Assured in respect of Top-ups, less partial withdrawals1 made, if any (as detailed below); or
(ii) Fund value; or
(iii) 105% of Total Premiums Paid (excluding Top-up premium) Paid up to the date of death
In addition to the death benefit above, Top up death benefit if any, calculated as higher of Top up sum assured and Top up fund value shall also be payable.
Upon this payment, the policy shall terminate and no further benefit shall be payable.
Where,
a) Annualized Premium means the premium amount payable in a year excluding the taxes, rider premiums and underwriting extra premium on riders, if any.
b) Basic Sum Assured is the amount of cover chosen by the policyholder at inception of the policy in accordance with terms and conditions of the Policy.
c) Fund Value is the value obtained by multiplying the number of Units allocated to your Policy by the corresponding price of the Units.
d) Total Premiums Paid are the total of all the premiums received, excluding any rider premium and taxes.
e) Paid-Up Sum Assured, is the original sum assured multiplied by the total number of premiums paid to the original number of premiums payable as per the terms and conditions of the policy. (Paid Up Sum Assured = Original Sum Assured x Total No. of Premiums Paid / Original No. of Premiums Payable).
f) Minimum Basic Sum Assured, is 10 times the Annualized Premium
g) Guaranteed Maturity Benefit is the Total Premiums Paid, less Total Partial Withdrawals made (if any)
Disclaimer
1The partial withdrawals to be deducted from the Sum Assured shall be all partial withdrawals (except from the top-up fund value) made during the two-year period immediately preceding the date of death.
Maturity Benefit:
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On survival of the Life Assured till the Maturity Date, subject to Policy being in-force on the Maturity Date, the risk cover shall cease and Fund Value at Maturity plus Loyalty Additions payable at Maturity shall be payable to the Policyholder as the maturity benefit.
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Upon this payment, the policy shall terminate and no further benefits will be payable.
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You can also take your fund value at maturity in periodical installments under settlement option.
Check Eligibility Criteria
Before buying HDFC Life Smart Protect Plus
ELIGIBILITY CRITERIA
Parameters | Minimum | Maximum | |
Age1 at Entry | Life Assured: 0 years (30 days) Proposer: 18 years | Life Assured: 60 years Proposer: No Limit | |
Age1 at Maturity | 25 years | 99 years | |
Premium Payment Term | Plan Option | Premium Payment Term | |
Option A: Level Cover | Limited Pay (5 to 20) Regular Pay (25 – 99 – Age at Entry | ||
Option C: Decreasing Cover | Limited Pay (5 to 20 years) | ||
Policy Term2 | 25 year | 99 – Age at Entry | |
Instalment Premium | Payment Frequency | Minimum Instalment Premium | As per Board Approved Underwriting Policy (BAUP) |
| Limited Pay / Regular Pay | |||
Annual | Rs. 50,000 | ||
Half-Yearly | Rs. 25,000 | ||
Quarterly | Rs. 12,500 | ||
Monthly | Rs. 4,166 | ||
Top-Up Premium: | |||
Rs. 5,000 per Top-Up3 | |||
Sum Assured | Minimum Basic Sum Assured shall be: | As per Board Approved Underwriting Policy (BAUP) | |
| Entry Age of Life Assured | Minimum Sum Assured | ||
Below 18 years | 10 x AP | ||
18 years to 49 years | 7 x AP | ||
50 years and above | 5 x AP | ||
| Minimum Sum Assured on Top-up Premium shall be: | |||
| Entry Age of Life Assured | Minimum Sum Assured | ||
Below 50 years | 1.25 × Top-Up Premium | ||
50 years and above | 1.10 × Top-Up Premium | ||
Premium Payment Frequency | Annual, Half-Yearly, Quarterly, Monthly | ||
- All ages are expressed as on last birthday.
- For Minor Life Assured: If Age of the Life Assured is less than or equal to 17 years, the life insurance cover under the Policy will commence:
a) Either immediately from Policy Commencement Date or
b) Upto 2 years after the Policy Commencement Date or on Policy Anniversary after attainment of maturity, whichever is earlier.
Under option ‘b’, there shall be no mortality charge levied till the Risk Commencement Date. Please refer the policy schedule for the Risk Commencement Date. In case of death prior to Risk Commencement Date, the insurance cover shall be restricted to the payment of fund value. In case of death on or after Risk Commencement Date, death benefit will be as per applicable plan option. - Total top-up premiums paid, at any point of time during the policy term shall not exceed the sum total of the regular premiums paid at that point of time.
Customize your cover with these riders
Riders in insurance have an important part in contingency planning. A ULIP is incomplete without them.
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HDFC Life Income Benefit on Accidental Disability Rider – Linked
UIN: 101A038V01
A Linked, Non-Participating Pure Risk Premium, Individual Life rider where you can get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an accident.
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HDFC Life Protect Plus Rider – Linked
UIN: 101A037V01
A Linked, Non-Participating Pure Risk Premium, Individual Life/Health rider where you can get protected with a proportion of Rider Sum Assured in case of accidental death or partial/total disability due to accident or diagnosed with Cancer.
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HDFC Life Health Plus Rider – Linked
UIN: 101A034V01
A Linked, Non-Participating Savings/Pure Risk Premium, Individual Health rider where you can get lump sum benefit equivalent to Rider Sum Assured on diagnosis of any of the covered 60 Critical Illnesses or benefit as a proportionate of the Rider Sum Assured on diagnosis of Early Stage Cancer / Major Cancer depending on the plan option chosen.
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HDFC Life Waiver of Premium Rider – Linked
UIN: 101A035V01
A Linked, Non-Participating, Individual Pure Risk Premium, Life/Health rider where you can get Waiver of Premium for the base policy premium and premiums of any other additional riders, in case of death, disability or diagnosis of any listed critical illnesses of the Rider Life Assured. Enjoy continued policy benefits even in case of life's eventualities.
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HDFC Life LiveWell Rider – Linked
UIN: 101A036V02
Get Lump Sum benefit equivalent to Rider Sum Assured on death/terminal illness/accidental death/hospitalisation or benefit as a proportionate of the Rider Sum Assured on disability due to accident/undergoing any listed surgery, depending on the plan option chosen.
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Have a question?
We’ll tell you everything you need to know about HDFC Life Smart Protect Plus
1
Why HDFC Life Smart Protect Plus?
HDFC Life Smart Protect Plus addresses your long-term savings needs and also provides you protection in the form of a life cover.
2
What are the premium paying frequencies available for this plan?
Annual, half-yearly, quarterly and monthly frequencies are available under this product.
3
Can I decrease the policy term and the premium payment term after the policy has been issued?
4
Can I change my premium frequency after the policy has been issued?
Yes, as the Policyholder, You can alter the Premium frequency during the Premium Payment Term.
5
Are there any specific exclusions in this plan?
Yes. There are specific exclusions in this plan. To know detailed information related to exclusions, please read the Product Brochure.
6
Can Riders be opted along with the plan?
Yes, you can opt for any of the following riders:
- HDFC Life Income Benefit on Accidental Disability Rider - Linked
- HDFC Life Protect Plus Rider - Linked
- HDFC Life Health Plus Rider - Linked
- HDFC Life Waiver of Premium Rider – Linked
- HDFC Life Livewell Rider – Linked
7
Does this plan offer tax benefits?
Premium(s) paid by an individual or HUF under this plan are eligible for tax benefits^^ under Section 80C of the Income Tax Act, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 1961, the benefits received from this policy are exempt from tax, subject to the conditions specified therein.
8
What are the fund options available with this product?
Under Plan Options Level Cover and Decreasing Cover:
Diversified Equity Fund
Bond Fund
Discovery Fund
Equity Advantage Fund
Flexi Cap Fund
Dynamic Advantage Fund
India Consumption Advantage Fund
Sustainable Equity Fund
India Sector Leaders Opportunities Fund
Top 500 Smart Value 50 Fund
Dividend Leaders Advantage Fund
Top 200 Equal Weight Fund
Under Plan Options Level Cover with Capital Guarantee and Decreasing Cover:
Capital Growth Fund
Capital Secure Fund
The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.
HDFC Life Smart Protect Plus (UIN: 101L187V04) is a Unit Linked Non-Participating Individual Life Insurance Savings Plan. HDFC Life Income Benefit on Accidental Disability Rider – Linked (UIN: 101A038V01) is a Linked, Non-Participating Pure Risk Premium, Individual Life Rider. HDFC Life Protect Plus Rider – Linked (UIN: 101A037V01) is a Linked, Non-Participating Pure Risk Premium, Individual Life/Health Rider. HDFC Life Health Plus Rider – Linked (UIN: 101A034V01) is a Linked, Non-Participating Savings/Pure Risk Premium, Individual Health Rider. HDFC Life Waiver of Premium Rider – Linked (UIN: 101A035V01) - A Linked, Non-Participating, Individual Pure Risk Premium, Life / Health Rider. HDFC Life LiveWell Rider – Linked (UIN: 101A036V02) - A Linked, Non-Participating, Individual Pure Risk Premium, Life / Health Rider Life insurance coverage is available in this product. Life insurance coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand and HDFC Life Smart Protect Plus (UIN: 101L187V04) is only the name of the unit linked life insurance contract. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
T&C
^^ ULIP stands for Unit Linked Insurance Plan. ULIPs have a mandatory 5-year lock-in period and offer tax benefits under Section 123 read with Schedule XV of the Income Tax Act, 2025 (Corresponding to Section 80C** of the Income Tax Act, 1961) and Section 11 read with Schedule II of the Income Tax Act, 2025 (Corresponding Section 10(10D)** of the Income Tax Act, 1961).
#Loyalty Additions available under this plan – a) Return of 2X to 3X Mortality Charge, b) Return of Premium Allocation Charge, c) Return of Fund Management Charge (FMC), d) Return of 2X of Guarantee Charge, e) Maturity Booster
ARN - PP/09/26/38749
