HDFC Life Insurance - New Freedom Plan - Individual Balanced Fund

NAV on (24 Apr 2026)

59.6815

Objectives

ING Life New Freedom Plan is an Investment Linked Insurance plan having in-built, customisable features that offer you freedom, flexibility, and much more. So you now have complete flexibility to plan your finances, decide how long you want to pay, how much to pay, the extent of insurance cover, the frequency of payments that you would make each year and so on. The ING Life New Freedom Plan offers you so much more as a life cover, in terms of flexibility and customising your investments, that you will come to realise what real freedom means, from a financial perspective
Objective :Provide for higher growth with reasonable security.

Benefits

1.Maturity Benefit: The Plan matures after you attain the age of 70. You will receive the Policyholder's Fund Value on the Policy Maturity Date.

2.Death Benefit: On death before Policy Maturity Date, the Sum Assured or the Policyholder's Fund Value whichever is higher will be payable. However, in-case of death before age 12, the Policyholder's Fund Value would be payable as Death Benefit. For the purpose of determining the amount payable as Death Benefit, the Sum Assured will be reduced by the Partial Withdrawal Benefits availed by the Policyholder from the Policyholder's Fund Value built up on Regular Premium, during the twenty four (24) months immediately preceding the date of death of the Life Assured.

3.Flexibility in Withdrawals: Unlike regular money back Plans, this Plan offers you the freedom to avail Survival Benefits at specified intervals.

Duration (while the Policy is in force)	Survival Benefits
On completion of 10 Policy years	25% of the PFV
On completion of 15 Policy years	25% of the PFV
On completion of 20 Policy years	25% of the PFV
On completion of 25 Policy years	25% of the PFV

Survival Benefit has to be exercised within next five years of its falling due. Survival Benefits cannot be accumulated and will lapse if not utilized within the prescribed period. Utilizing the Survival Benefit will not reduce the Life Insurance cover under the Policy.

4.Partial Withdrawal Benefit:The Plan offers you the additional flexibility of a one time Partial Withdrawal during 4th to the 10th Policy year. You can make Partial Withdrawal provided the Policyholder's Fund Value after such withdrawal is equal to at least One and Half Years Regular Premiums. Partial Withdrawals would not be allowed in-case the Life Assured is a minor till the attainment of age of majority. Partial Withdrawals are subject to Charges, as stated below.

5.Surrender Benefit: You can surrender your Policy any time after completion of the third Policy year. You will receive the Policyholder's Fund Value less the applicable Surrender Charges, as stated below.

6.Switch your Fund: You have the flexibility to review the performance of your Unit Linked Funds periodically and Switch investments from one Unit Linked Fund to another. Two Switches per Policy year are offered free of Switching Charges. Any additional Switches will be subject to Switching Charges, as stated below.

7.Rider BenefitsYou can further customise your Plan by adding optional Riders, which may be offered by the Company from time to time. Currently either of Accidental Death Benefit Rider or Accidental Death Disability and Dismemberment Benefit Rider can be attached.

8.Tax Benefits:Amounts paid by you are eligible for Tax Benefits as applicable under Income Tax Act 1961 ("Act"). If required by the Act, the Company may withhold taxes from the Benefits payable under this Policy. The Company also reserves the right to recover from you levies such as Service Tax or such other taxes as may be levied by the appropriate authorities on insurance transactions. Please consult your tax advisor for specific advice

Entry Age Details

Minimum Entry Age : Syears (risk commencing from 12 years)
Maximum Entry Age : 65 years
Minimum Premium Payment Term : 5 years
Maximum Premium Payment Term: 25 years

Premium Payment Term

You can choose the duration you wish to pay the Premiums. The Premium payment term can range from 5 to 25 years. Flexibility in Premium and frequency You can choose the amount of Regular Premium you wish to pay subject to certain minimum Premium limits. The frequency of payment may be Yearly, Half-Yearly Quarterly or Monthly. The minimum amounts of Premium for different frequencies are:Yearly : Rs. 15,000, Half-yearly : Rs. 8,000, Quarterly : Rs. 4,000 and Monthly : Rs. 1,500.

Top-up Premium

This Plan provides you with an option to pay additional Top-Up Premium (subject to a minimum of Rs. 5,000) in addition to your Regular Premiums as and when you wish allowing you to increase your investments and savings at your own pace. However, total of the Top-Up Premium at any time should not exceed 25% of the Total Regular Premiums paid (Please refer to Tax Benefits Section).

Sum Assured Details

Flexibility in Insurance Cover
You can choose the Sum Assured that you want. However, the minimum Sum Assured should be 50% of the Annual Premiums multiplied by Policy term (but not less than 5 times Annual Premium). For e.g. if you decide to pay Annual Premium of Rs. 20,000 and opt for a Policy term of 20 years, then Rs. 2,00,000 [higher of (20,000 x 20 x 0.5) OR (Rs. 20,000 x 5)] will be the minimum Sum Assured

Investment Details of the Plan

Flexible Investments

You can choose one or more of the following Unit Linked Funds for investing your Regular Premiums and Top-Up Premiums, net of applicable Charges.

Unit Linked Fund	Investment Pattern	Objective
Debt Fund	100% of the available Funds are invested in debt instruments	Provides safety and growth with minimum risk
Secure Fund	A minimum of 10% and up to a maximum of 20% of the available Funds are invested in growth instruments like equity, property and the rest in debt instruments	Provides for growth with low risk
Balanced Fund	A minimum of 20% and up to a maximum of 40% of the available Funds are invested in growth instruments like equity, property and the rest in debt instruments	Provides for higher growth with reasonable security
Growth Fund	A minimum of 40% and up to a maximum of 60% of the available Funds are invested in growth instruments like equity, property and the rest in debt instruments	Provides for opportunity of high growth
Equity Fund	A minimum of 90% and up to a maximum of 100% of the available Funds are invested in growth instruments like equity, property and balance if any in debt instruments	Provides for equity linked market returns

Withdrawal

Partial Withdrawal Charges: 0.25%of the withdrawn amount.These Charges may be revised by ING Vysya Life subject to a maximum of 1.0%.

Premium allocation Charges

Premium Allocation Charges:
These contribution-related Charges vary according to the type of contribution as stated below:
(1) 1st year - 45% of the Regular Premium paid.
(2) 2nd and 3rd year - 7.5% of the Regular Premium paid.
(3) 4th year - 4% of the Regular Premium paid.
The Company reduces Allocation Charges for higher Premiums.
Top-Up Premiums
(i) Less than Rs. 1 crore 1.0%
(ii) Rs.1 crore and above 0.50%
The Premium Allocation Charges as mentioned above shall remain unchanged during the term of the Policy.

Fund Management Charges

Fund Management Charge: This is charged on the amount in the Unit Linked Fund(s).

(1)	Debt Fund	0.75% per annum
(2)	Secure Fund	1.00% per annum
(3)	Balanced Fund	1.25% per annum
(4)	Growth Fund	1.25% per annum
(5)	Equity Fund	1.50% per annum

The Fund Management Charges can be revised subject to a maximum of 2.5% per annum.

Mortality Charges

Mortality Charges: In order to provide Insurance Cover, the Company will deduct the Mortality Charges, monthly in advance, from the Policyholder's Fund Value. The Mortality Charges will vary based on age, sex, level of Life Cover, etc. The annual Mortality Charges per thousand Sum Assured for sample ages for healthy male lives are as below:

Age	20	30	40	50	60
Mortality Charges	1.08	1.26	2.22	5.66	14.12

The rates stated above are exclusive of Service Tax and other applicable levies, duties etc. which would be levied additionally. For female lives aged more than 12 years, the age would be taken as 3 years less than actual age for arriving at Premium, thus giving Benefit of lower Charges. Mortality Charges are guaranteed during the Policy Term.

Policy Administration Charges

Policy Administration Charges:
A one-time Charge payable at the inception of the Policy comprising of:
(1) A fixed Charge of Rs. 700 and
(2) A variable Charge of Rs. 50 per Rs. One Lakh of Sum Assured or part there of.
Policy Administration Charges of Rs. 25 per month during the Policy term. The Policy Administration Charge can be revised annually in line with Consumer Price Index but subject to a maximum of 5 % of the Charges prevailing in the preceding financial year.

Switching Charges

Switching Charges: Rs. 100 per Switch beyond two free Switches allowed in a Policy year. These Charges may be revised by the Company, subject to a maximum of Rs. 500 per Switch.

Surrender Charges

1) During the fourth Policy year: 2.5% of the Policyholder's Fund Value.
2) Fifth Policy year onwards: 1 % of the Policyholder's Fund Value.
The Surrender Charges can be revised by the Company subject to a maximum [of maximum] of 10%

Returns (as on 24-Apr-2026)

Period	Absolute (%)	Annualised (%)
1 Week	-0.8	0
1 Month	1.6	21.4
3 Months	-1.4	-5.5
6 Months	-2.6	-5.3
1 Year	0.1	0.1
2 Years	10.3	5
3 Years	39.4	11.7
5 Years	39.4	6.8

NAV Chart

Historic Graph:

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52-week High

₹61.7859

02-Jan-2026

52-week Low

₹58.016

30-Mar-2026

Claim & Solvency Ratio

Claim Ratio	Solvency Ratio
100% (2023-24)	2% (March 2024)

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What is health insurance? +

Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured. It may also provide coverage for other types of health-related costs, such as prescription drugs, mental health services, and preventive care.

Why do I need health insurance? +

Health insurance helps protect you from high medical costs. It provides access to medical care when you need it, helping to pay for doctor visits, hospital stays, surgeries, prescription medications, and other health-related services.

What is a premium? +

A premium is the amount you pay for your health insurance every month. Depending on your plan, the premium may vary based on factors like age, location, and level of coverage.

What is a deductible? +

A deductible is the amount of money you must pay out-of-pocket before your health insurance starts covering your medical expenses. For example, if you have a deductible of $1,000, you must pay $1,000 out-of-pocket before your insurance starts covering your medical bills.

What are copayments and coinsurance? +

Copayment (copay): A fixed amount you pay for a covered health care service, typically when you get the service. Coinsurance: The percentage of the cost you pay for covered health services after you've paid your deductible. For example, if your coinsurance is 20%, you pay 20% of the bill, and the insurance company pays the remaining 80%.

What is an out-of-pocket maximum? +

The out-of-pocket maximum is the maximum amount you can spend on your health insurance. If you exceed this amount, your insurance company will pay 100% of your medical expenses.

What is the difference between in-network and out-of-network providers? +

In-network providers: Health care providers that have a contract with your health insurance plan to provide services at negotiated rates. Out-of-network providers: Providers that don't have a contract with your insurance plan. Services from these providers may cost more or not be covered at all.

What is a Special Enrollment Period (SEP)? +

The Special Enrollment Period (SEP) is a special time during the year when you can sign up for or make changes to your health insurance plan. If you miss this period, you may have to wait until the next one unless you qualify for a Special Enrollment Period (e.g., due to a life event like marriage or having a baby).

Can I keep my doctor with health insurance? +

If you have a preferred doctor, it’s important to check if they are in-network with your insurance plan. If they are not in-network, you may need to pay more out-of-pocket, or you may have to switch to another doctor who is in-network.

What is a Health Savings Account (HSA)? +

A tax-advantaged account for people with high-deductible health plans (HDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Flexible Spending Account (FSA)? +

A tax-advantaged account for people with low-deductible health plans (LDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Health Maintenance Organization (HMO)? +

An HMO is a type of health insurance plan that requires you to choose a primary care physician (PCP) and get referrals from them to see specialists. HMOs often have lower premiums and out-of-pocket costs but offer less flexibility in choosing providers.

What is a Preferred Provider Organization (PPO)? +

A PPO is a health insurance plan that offers more flexibility in choosing healthcare providers and doesn’t require referrals to see specialists. You can see any doctor, but you’ll pay less if you use in-network providers.

What is the difference between a Health Savings Account (HSA) and a Flexible Spending Account (FSA)? +

HSA: A tax-advantaged account for people with high-deductible health plans (HDHPs) The funds roll over from year to year and can be used for qualifying medical expenses. FSA: A tax-advantaged account for people with low-deductible health plans (LDHPs) The funds roll over from year to year and can be used for qualifying medical expenses.

What does the term "pre-existing condition" mean? +

A pre-existing condition is a medical condition that you had before you got your health insurance. It could include things like diabetes, high blood pressure, or heart disease.

Can I cancel my health insurance at any time? +

Yes, you can cancel your health insurance plan at any time. However, if you cancel outside the open enrollment period, you may not be able to get another plan until the next enrollment period unless you qualify for a Special Enrollment Period.

Are prescription drugs covered by health insurance? +

Many health insurance plans cover prescription medications, but the coverage may vary. Plans typically have a formulary, or list of covered drugs, and different drugs may have different levels of coverage, depending on whether they are generic, brand-name, or specialty drugs.

What is preventive care? +

Preventive care includes health services that help prevent illnesses, such as vaccinations, screenings, and annual checkups. Under the Affordable Care Act, most preventive services are covered by health insurance plans at no additional cost to the policyholder.

What should I do if my health insurance claim is denied? +

If your claim is denied, you can appeal the decision. Review the denial letter for reasons, contact your insurer for assistance, and file a written request for a hearing. If you win the appeal, you may be able to get a refund or other compensation.

How can I choose the best health insurance plan for me? +

When selecting a plan, consider factors like: Your health care needs (e.g., frequent visits, prescriptions) The plan’s network of doctors and hospitals The cost of premiums, deductibles, copays, and out-of-pocket maximums Coverage for specialized care or treatments Compare the different plans and benefits to find one that meets your needs.

What happens if I don't have health insurance? +

If you don’t have health insurance, you can still access some health care services, such as emergency care, in-network doctors, and in-network hospitals. You may be eligible for Medicaid, which provides some health care services at no cost to you.

What is life insurance? +

Life insurance is a contract between you and an insurance company, where you pay regular premiums in exchange for a lump sum payment (death benefit) to your beneficiaries upon your death.

What are the different types of life insurance? +

Term Life Insurance: Provides coverage for a specific period (e.g., 10, 20, or 30 years). If you pass away during this term, your beneficiaries receive the death benefit. It does not build cash value. Whole Life Insurance: Offers lifetime coverage with a death benefit and also builds cash value over time, which you can borrow against or use. Universal Life Insurance: A flexible policy that allows you to adjust the premiums and death benefit while also building cash value.

How much life insurance coverage do I need? +

The amount of coverage you need depends on factors like your income, debts, family needs, and long-term financial goals. A common rule is to have coverage worth 10 to 15 times your annual income, but this can vary based on your individual situation.

What is the difference between beneficiaries and policyholders? +

The policyholder is the person who owns the life insurance policy and pays the premiums, while the beneficiary is the person or group that receives the death benefit when the policyholder passes away.

Can I change my beneficiaries? +

Yes, you can change your beneficiaries at any time during the life of the policy, as long as the policy is in force and you follow the correct procedure with the insurance company.

What is the contestability period? +

The contestability period is the time during which you have the right to contest the decision of the insurer to pay the death benefit. This period varies depending on the type of life insurance policy and the insurer.

Does life insurance cover accidental death? +

Some life insurance policies include accidental death coverage, while others may require a separate rider for this benefit. Be sure to review your policy to understand what’s covered.

Can I cancel my life insurance policy at any time? +

Yes, you can cancel your life insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is cash value? +

Cash value is the accumulated value of the life insurance policy that can be used to pay for expenses, such as medical bills or funeral expenses.

How do I borrow against cash value? +

You can borrow against the cash value of your life insurance policy, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What is the difference between whole life and universal life insurance? +

Whole life insurance provides coverage for a specific period (e.g., 10, 20, or 30 years) and builds cash value over time. Universal life insurance offers lifetime coverage with a death benefit and also builds cash value over time.

How are life insurance premiums determined? +

Life insurance premiums are based on factors like age, health, lifestyle (e.g., smoking), coverage amount, and type of policy. Generally, younger, healthier individuals pay lower premiums.

Can I borrow money from my life insurance policy? +

If you have a whole life or universal life policy, it may build cash value over time. You can borrow against this cash value, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What happens if I stop paying my life insurance premiums? +

If you stop paying premiums, your policy may lapse. For permanent policies like whole or universal life, the cash value may cover the premiums for a time, but eventually, if premiums are not paid, the policy will end.

What is auto insurance? +

Auto insurance is a contract between you and an insurance company that provides financial protection against damage or injury caused by accidents, theft, or other incidents involving your vehicle. It covers both liability and your vehicle's repair costs depending on the type of policy.

What types of auto insurance coverage are available? +

There are several types of auto insurance coverage, including liability, collision, comprehensive, uninsured/underinsured motorist, and additional coverage like roadside assistance and collision damage waiver.

How much auto insurance do I need? +

The amount of coverage you need depends on factors such as the value of your car, your driving habits, your state's legal requirements, and whether you own or lease your vehicle. A good starting point is to meet your state's minimum required coverage, but you may want additional coverage for added protection.

Can I cancel my auto insurance policy at any time? +

Yes, you can cancel your auto insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between liability and comprehensive coverage? +

Liability coverage covers the damages and injuries caused by accidents, while comprehensive coverage also covers non-accident damages, such as theft or vandalism.

How do I choose the right auto insurance policy? +

When selecting an auto insurance policy, consider factors such as the type of coverage you need, your driving habits, the value of your vehicle, and your state's legal requirements.

What factors affect my auto insurance premium? +

Several factors impact your insurance premium, including: Your driving history (accidents, tickets), The make, model, and age of your car, Your location (accident rates in your area), Your age, gender, and marital status, The level of coverage you choose, Your credit score (in some states).

What is a deductible? +

A deductible is the amount you must pay out of pocket before your insurance policy starts to cover the remaining cost of repairs or claims. For example, if you have a $500 deductible and incur $2,000 in damages, you will pay $500, and your insurer will pay the remaining $1,500.

What is the difference between comprehensive and collision coverage? +

Collision coverage pays for repairs to your vehicle after a collision with another vehicle or object, regardless of who is at fault. Comprehensive coverage covers non-collision incidents, such as theft, vandalism, or damage from natural disasters.

Can I get uninsured/underinsured motorist coverage? +

Yes, uninsured/underinsured motorist coverage is available in some states. This coverage provides financial protection for you if another driver is uninsured or underinsured.

Is auto insurance required by law? +

Yes, in most states, you are required to have a minimum level of liability insurance. Some states also require additional coverage like Personal Injury Protection (PIP) or uninsured motorist coverage. The requirements vary by state, so it’s important to check your local laws.

What happens if I don’t have auto insurance? +

If you drive without insurance, you risk facing legal penalties, fines, and the possibility of your driver's license being suspended. If you're involved in an accident, you could be held responsible for the damages.

Can I add other drivers to my auto insurance policy? +

Yes, you can add other drivers, such as family members or friends, to your policy. However, their driving record and age may affect your premium. It's important to inform your insurer about all the drivers in your household.

What should I do if I get into an accident? +

If you're in an accident, follow these steps: Ensure safety by moving to a safe location if possible. Call the police and file a report. Exchange contact and insurance information with the other driver(s). Take photos of the accident scene, vehicle damage, and injuries. Notify your insurance company about the accident as soon as possible.

What is home insurance? +

Home insurance is a contract between you and an insurance company that provides financial protection against damage or loss caused by natural disasters, theft, or other incidents.

What types of home insurance coverage are available? +

There are several types of home insurance coverage, including flood, fire, burglary, and liability. You may also have coverage for water damage, mold, and other property damage.

How much home insurance do I need? +

The amount of home insurance coverage you need depends on the value of your property, the type of coverage you want, and your insurance provider. You may also need additional coverage for water damage, mold, and other property damage.

Can I cancel my home insurance policy at any time? +

Yes, you can cancel your home insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between flood and fire coverage? +

Flood coverage covers damage caused by floods, while fire coverage covers damage caused by fires.

How do I choose the right home insurance policy? +

When selecting home insurance, consider factors such as the type of coverage you need, the value of your property, and your insurance provider.

What factors affect my home insurance premium? +

Factors such as the type of coverage you need, the value of your property, and your insurance provider can significantly impact your premium.