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HDFC Life Pragati Plan

What is the Plan all About?

HDFC Life Pragati is a traditional endowment participating life insurance plan which offers a dual benefit of savings and protection.This plan enables you to provide a quality life to your family with the quality of life and peace of mind.It ensures you have adequate saving funds to accomplish your long term objectives along with the financial protection in case of an unfortunate death.


What are the Key Features?

  • Affordable premiums under this plan
  • Multiple policy term options to choose from
  • Hassle free policy issuance based on declaration of good health
  • Policy value will enhance with the bonus additions
  • Guaranteed premium returns on either death or maturity
  • Auto cover continuance features available
  • Avail tax benefits as per existing tax laws

What are the Plan Benefits?

Death Benefit

    The death benefit is payable if the policyholder dies an unfortunate death during the policy term,the  death benefit is payable to the nominee provided the policy is premium paying.Death sum assured is higher of:

    • Sum Assured on Death + Accrued Reversionary Bonus (if any) + Interim Bonus (if any) + Terminal Bonus (if any)
    • 105% of Total Premiums paid

Auto Cover Continuance

    Under this feature, for a lapsed/Paid-up policy, the full death benefit shall apply for two years or outstanding Policy Term, whichever is lower from the date of Paid-up/lapse.

Maturity Benefit

    Maturity benefit is payable on  the survival of the Life Assured till the completion of the policy term. Provided all due premiums have been paid, the policyholder will receive the higher of :

    • Sum Assured on Maturity + Accrued Reversionary bonus (if any) + Interim bonus (if any) + Terminal bonus (if any)
    • 100 % of Total Premiums paid.


    The plan is eligible for the bonuses declared by the company.Interim bonus is payable wherever applicable.A Terminal Bonus may be added to a policy which depends on the actual future experience it is not a guaranteed benefit.

Loan Benefit

    Loan facility is available under this plan. The policyholder can avail loan up to 80%  of the Surrender Value subject to applicable terms and conditions.

Surrender Value

    Guaranteed surrender value (GSV) plus the surrender value of the bonuses, which is a percentage of accrued bonuses is payable if at least three full years premiums have been paid. The GSV shall be a percentage of total premiums paid.

Tax Benefit

    The plan offers tax benefits under section 80C  and section 10 (10D) of the Income Tax Act, 1961.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 8 Years 55 Years
Age at Maturity 18 Years 65 Years
Policy Tenure Single Pay -5 Years Limited Pay -10 Years Regular Pay- 10 Years (fixed) 20 Years
Premium Paying Term Single,Limited And Regular Pay -
Premium Paying Mode Annually,Semi Annually, Quarterly And Monthly -
Premium Amount Rs 900 – Annually Rs 5,000 – Single Pay Rs 5,000 – Annual Premium Rs 15,000 – Single Premium
Sum Assured 5,000 54,747- Regular Pay
Freelook Period 15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days & 15 Days (for Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

No additional rider is available with this plan.

How the Plan Works?

HDFC Life Pragati Plan