HDFC SimpliLife:

If you are a person who is concerned about the welfare of your family and your main priority is to secure their future with no problems in fulfilling their financial obligations, the best option for you is buying a HDFC SimpliLife.  This is a plan so designed that not only saves your money but also works to multiply it on a regular basis.

By buying HDFC SimpliLife you have the following advantages:
By buying this plan you are not needed to undergo the hassles of a medical examination or producing any medical reports. This plan offers the death benefit, by which if you happen to die during the policy term, your beneficiary is eligible to receive the unit fund value as well as the sum assured amount by the policy.

This plan has the facility of offering you a long policy term, with you requiring paying only a minimum Fund Management Charge of 1.25%.  By paying this low FMC, you can maintain a long term policy and in turn amass a greater fund value at the time of maturity.

There are many premium payment options you can choose from to pay your premiums.  You can either choose to pay your premiums half yearly or annually.  There are also many types of easy auto premium payments choices that you can choose from to pay your premium without any problem.

You are allowed to alter your investment fund options in only two ways.  By the first type, which is switching, you are allowed to shift your amassed funds from one fund option to the other at your convenience.

By the second type which is premium redirection, you are permitted to make your later premiums into another fund as per your selection.  The tax benefits for this plan are according to the laws of the Income Tax Act, 1961.

HDFC SimpliLife is a convenient plan that has many benefits to suit the needs of the policyholder, at the same time providing him with savings and lifetime security.