You may choose between a traditional endowment plan and an unit-linked insurance plan depending on a number of factors including your risk profile, your understanding of different financial instruments and your ability to track your investments regularly. Therefore , those who are well aware of the financial markets, are willing to bear the investment risk and desire a higher return can look at unit linked products and vice versa.

If your financial profile does not allow you to take risks through exposure to equity, bonus-based endowment plans are the most suitable for you. If that is not the case, unit-linked plans are the ideal vehicle for you to plan for your family’s future financial needs. Unit-linked plans are associated with transparent charging structure and certain flexibility, besides possessing the potential to deliver a higher amount on maturity.

‘With Profits’ plans are plans where the premiums are invested in the ‘with profit’ This fund invests in a variety of assets to earn returns on your policy, which are shared with the policyholder’s in the form of bonuses which are declared annually. And once declared these bonuses are guaranteed.

HDFC Money Back plan is a ‘With Profits’ plan that gives a proportion of the basic Sum Assured as cash lump sums at regular 5 year intervals within a policy term. This plan is best suited to fulfill your short-term as well as long-term goals.

You can also track the daily NAV of your funds on our website or check them in leading newspapers.

Switching between funds implies that the policy holder can transfer his investments from one fund to another fund under the plan. This is usually done to change one’s investment pattern or strategy based on changes in the financial markets.. For instance, one may want to switch from a equity based fund to a debt fund when the equity markets are on a downslide.

You can make partial withdrawal from the fund after the completion of 5 years of policy provided:

• The amount you are withdrawing is at least the minimum prescribed amount for withdrawal
• After the withdrawal, the fund does not fall below the minimum fund value.
• And for certain plans, post withdrawal, the fund does not fall below the sum of top up premiums paid in the preceding three years (This is likely to vary for some products. Please read the individual Product Brochures for more details about each product).