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Ever since our childhood, our parents have tried teaching us the lessons of financial savings in some way or another. These totally make sense when you see your life goals approaching. After all, living a fulfilled life means meeting your goals and the aspirations of your family to the fullest. The question is, how do you go about it? Every aspiration is accompanied by expenses, bringing our attention to the most important part of the process – financial planning. And, this is exactly what the HDFC Life - Guaranteed Savings Plan, now available on Bajaj Markets, help you with! A unique endowment plan designed to help you meet your and your family’s aspiration, it helps you invest just right, save smart and fulfil your dreams.

Why Should You Invest in HDFC Life – Guaranteed Savings Plan

  • Extensive Sum Assured 

Your nominee is entitled to get an extensive sum assured amount in case of your untimely death which is at least 10 times the Annualised1/Single Premium paid.

  • Policy Loan

Apart from its exclusive benefits, the plan also lets you avail a policy loan against the plan.

  • Guaranteed* lump sum at Maturity 

The maturity value is disclosed upfront once you get the plan, which means you are entitled to enjoy guaranteed returns on the amount you invest.


1Annualised premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

*Provided all due premiums have been paid on time

Benefits of the HDFC Life – Guaranteed Savings Plan

Here’s what makes the plan a perfect financial partner for you:


  • Guaranteed* Returns

With a guaranteed lump sum amount offered upon maturity that is disclosed to you at the very beginning, you know exactly what you shall be getting in return of your premiums.

*Provided all due premiums have been paid on time


  • Life Cover

A life cover amount that accounts for at least 10 times the Annualised1/Single Premium offered to your nominees makes this plan a complete financial backing for you.

1Annualised premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.


  • Flexible Premium Payment

With the HDFC Life – Guaranteed Savings Plan, you can choose to pay your premiums as per your convenience for 5 or 7 years at a frequency of your choice or simply pay once!


  • Tax Savings

With tax benefits u/s 80C & 10(10D) available as per the then tax laws, you need not worry about tax cuts.


  • Hassle-free Issuance

With a completely seamless buying journey that requires no medical test, you can get this plan without any hassle. Simply avail it by making a self-declaration of good health.

Why Choose Bajaj Markets for HDFC Life – Guaranteed Savings Plan?

Trusted Companion

Bajaj Markets is a trusted partner that is commited to help you meet your life goals through the unique products offered on the platform

Quick Online Process

Bajaj Markets makes it easy to buy your endowment plan, through a very simple online journey

Easy Documentation

Buying an endowment policy online at Bajaj Markets is a hassle-free process, thanks to easy documentation

Eligibility Criteria

  • Age of policyholder while buying this plan should be between 8 years – 45 years for a single payment option, while 8 years – 55 years for a limited payment option

  • Age of policyholder at maturity should be between 18 years – 55 years for the single payment option and 18 years – 65 years in case of limited payment option

  • Maximum Sum Assured on Death is Rs. 10,00,000

  • Policy Term can be 10 and 15 years for both Single and Limited Payment options


The plan offers a maturity benefit on survival of the policy term if all due premiums have been paid. You shall receive ‘Sum Assured on Maturity’ as a lump sum amount on the basis of your premium frequency, premium payment term and premium amount.

You can pay just once or pay for 5 or 7 years at a frequency of your choice.

The maturity sum assured in case of single premium payment ranges from Rs. 5572 to Rs. 2,63,435 and Rs. 30,359 to Rs. 9,98,769 for regular premium payment.

The maximum life insurance cover provided on the policyholder’s death is Rs. 10,00,000.

The plan has a waiting period of 90 days from the date of policy commencement applicable for the payment of Death Benefit for reasons other than accidental death. Death Benefit is payable as a lump sum if all due premiums have been paid until the date of death.

Get a glimpse of how the death benefit is payable by going through the following table:



Death due to an Accident

Death due to other causes

If death is incurred during the Waiting Period

Sum assured on death is highest of:

100% of the total premiums paid.

· 10 times the single Premium or annualised Premium available with a Single Payment or Limited Payment option respectively

· 105% of the total premiums paid by you

· Sum assured on maturity

· Any absolute sum assured amount to be paid on death, which is equivalent to the sum assured on maturity

Death after the Waiting Period is expired

Sum Assured on Death is highest of:

· 10 times the single Premium or annualised premium you pay for Single Pay/Limited Pay respectively

· 105% of Total Premiums paid

· Sum Assured on Maturity

· Any absolute amount assured to be paid on death, which is equal to the Sum Assured on maturity


The plan offers a policy loan once it acquires a Surrender Value. The same is subject to terms and conditions specified by the company from time to time. You can refer to the brochure for more details.



HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.


Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: service@hdfclife.com , Tel No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply

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.

HDFC Life Guaranteed Savings Plan (UIN: 101N131V02) is a Non-Linked Non-Participating Endowment Life Insurance Plan . For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. BFDL is the Corporate Agent (IRDAI Reg No. CA0551) of HDFC Life. Insurance policies are underwritten by HDFC Life Insurance Company Limited. Purchase of Insurance policy is voluntary.



IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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