HDFC Life · Savings · Endowment
Uday
A shorter-duration participating endowment plan (12 or 15 years) with guaranteed additions in the first 5 years, discretionary bonuses, and an accidental death top-up.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Traditional
CategoryEndowment
InsurerHDFC Life
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A shorter-duration participating endowment plan (12 or 15 years) with guaranteed additions in the first 5 years, discretionary bonuses, and an accidental death top-up.
You might need this if…
- You might need this if you want a relatively short savings horizon — just 12-15 years — with a guaranteed floor plus bonus potential.
- Useful if you specifically want built-in accidental death protection — an extra 100% of the death sum assured is paid for accidental death.
- Good for people aged 18-55 who want a fixed 8 or 10-year premium payment schedule rather than a long-running commitment.
- Fits savers targeting a specific medium-term goal with modest minimum premiums (from ₹500/month).
How it actually works
- Choose 8-year PPT with a 12 or 15-year term, or 10-year PPT with a 15-year term.
- Minimum premium starts at ₹5,000/year (₹500/month); minimum sum assured on maturity is ₹28,465.
- Maturity benefit = Sum Assured on Maturity + Guaranteed Additions (3% p.a. of sum assured, accruing during the first 5 policy years) + any declared bonuses.
- Death benefit = highest of (Sum Assured + accrued additions/bonuses) or 105% of total premiums paid; Sum Assured on Death itself is the highest of Sum Assured on Maturity, 10x annualised premium (age ≤50) or 7x (age >50).
- Accidental death adds a further 100% of the Sum Assured on Death as a top-up, provided death occurs within 180 days of the accident.
- No optional riders are offered on this plan.
Worked example
A healthy 30-year-old with an 8-year PPT / 12-year term and a ₹50,000 sum assured pays about ₹8,125/month. Illustrated maturity value: ₹70,500 at an assumed 4% return, up to ₹90,000 at 8%.
The tiers
| Sum Assured on Maturity | Rebate (8-yr PPT/12-yr term) | Rebate (10-yr PPT/15-yr term) |
|---|
| Below ₹2,00,000 | Nil | Nil |
| ₹2,00,000-₹4,99,999 | ₹5 per ₹1,000 | ₹2.50 per ₹1,000 |
| ₹5,00,000+ | ₹7.50 per ₹1,000 | ₹5 per ₹1,000 |
Worth knowing before you decide
- Bonuses (Reversionary, Interim, Terminal) are discretionary and not guaranteed — only the 3% p.a. guaranteed addition in the first 5 years is locked in.
- Accidental death benefit excludes deaths from suicide, intoxication, hazardous activities, war, and certain other causes.
- Suicide within 12 months of start/revival limits payout to 80% of premiums paid or surrender value.
- If premiums lapse after at least 1 year paid, the policy converts to a reduced (paid-up) sum assured rather than continuing at full value.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →