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HDFC Life Classic Assurance

HDFC Life Classic Assurance

HDFC Life Classic Assurance is a savings cum investment plan which declares reversionary bonus at end of financial year and a Terminal bonus on maturity. Such plans are silent on the applicable charges. These bonuses would depend on the investment returns, and charges under the policy. Lack of disclosure makes such policies a bad choice. We suggest that you discontinue and surrender this plan. You will surely make losses while surrendering but it would not be wise to continue putting your hard earned money into a bad product. As you have completed three years with the policy, you can surrender this plan and receive a minimum guaranteed value of 50% of basic premiums paid less first year's premium. The insurer may at their discretion pay you a higher value than the minimum guaranteed surrender value. Before you surrender, make sure you purchase an adequate term insurance policy and invest in mutual funds towards your goals. In future, do not mix insurance and investment.

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Best Performing Mutual Funds

    1. Largecap Funds Invest Online
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B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
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      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
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      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
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E. Sector Funds Invest Online

      1. Reliance Banking Fund
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      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

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G. Gold Mutual Funds Invest Online

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      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

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