HDFC Life Sampoorn Nivesh

All You Need To Know

Age limit

Plan option

Eligibility age

Classic Life

Age at entry :	Minimum 30 days; maximum 54 years (5 pay) and 60 years (other than 5 pay)
Age at maturity :	Minimum 18 years; maximum 64 years (5 pay) and 70 years (other than 5 pay)

Classic Extra Life

Age at entry :	Minimum 18 years; maximum 53 years (5 pay) and 58 years (other than 5 pay)
Age at maturity :	Minimum 28 years; maximum 63 years (5 pay) and 68 years (other than 5 pay)

Classic Plus

Age at entry :	Minimum 30 days; maximum 48 years (5 pay) and 50 years (other than 5 pay)
Age at maturity :	Minimum 18 years; maximum 58 years (5 pay) and 60 years (other than 5 pay)

Classic Waiver

Age at entry :	Minimum 18 years; maximum 47 years (5 pay) and 50 years (other than 5 pay)
Age at maturity :	Minimum 28 years; maximum 57 years (5 pay) and 60 years (other than 5 pay)

Plan options

Choose from three benefit options:

Classic
Classic Plus
Classic Waiver

Fund investment

Invest your money based on your risk appetite in a choice of 8 funds

Withdrawals and switches

Enjoy 4 partial withdrawals, 4 fund switches and 4 premium redirections in a policy year free

Premiums

Choose to pay a single premium of ₹ 24,000 or monthly (minimum ₹ 2000), quarterly (₹ 6000), half-yearly (₹ 12000) or annually (₹ 24,000). There is no maximum limit

Payment term: Pay premiums at one go (single premium) or for a limited time (5, 7 or 10 years) or choose the regular option (10 or 15 to 25 years)

Ways to pay

Conveniently pay your premiums or renew your policy through multiple modes -- credit card, internet banking, cheque, auto debit facility

Policy term

Choose a policy term of 10 years and 15 to 25 years

Bonuses

Enjoy Guaranteed Loyalty Additions from the tenth year

Tax benefit

Get tax benefits under 80C and 10 (10D) of the Income Tax Act, 1961

Maturity benefit

On survival till the end of policy term, you will receive your Fund Value as maturity benefit

Death Benefit

Beneficiaries will receive benefits based on the plan chosen:

Classic: Higher of Sum Assured, Fund Value or 105% of the total premium(s) paid

Classic Plus: Higher of Sum Assured + Fund Value or 105% of the total premium(s) paid

Classic Waiver: Higher of Sum Assured or 105% of the total premium(s) paid

Get an accidental death benefit when you choose the Classic Extra Life plan.

Medical examination

Avoid a medical test by filling up a short questionnaire

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FAQs

1. What is the Min/Max age at Entry/Maturity?

Plan Options	Minimum Age at Entry		Plan Options	Minimum Age at Maturity
Classic benefit (Life Option)	0 years (30 days)*		Classic Benefit Life Option)	18
Classic benefit ( Extra Life Option)	18 years		Classic Benefit Extra Life Option)	28
Classic Plus benefit	0 years (30 days)*		Classic Plus Benefit	18
Classic Waiver benefit	18 years		Classic Waiver Benefit	28
Plan Options	Maximum Age at Entry		Plan Options	Maximum Age at Maturity
Plan Options	5 Pay	Other than 5 pay	Plan Options	5 Pay	Other than 5 pay
Classic benefit Life Option)	56 years	65 years	Classic Benefit Life Option)	85	85
Classic benefit Extra Life Option)	53 years	58 years	Classic Benefit Extra Life Option)	63	68
Classic Plus benefit	48 years	50 years	Classic Plus Benefit	58	60
Classic Waiver benefit	49 years	52 years	Classic Waiver Benefit	69	85

   *For all ages, risk commences from the date of inception of the contract

2. What is the minimum premium that needs to be paid?
Single: `12,000
Annual: `12,000
Half-yearly:6,000
Quarterly:`3,000
Monthly: `1,000"
Excluding tax*

3. What is the Death Benefit under the plan?
1. Classic Benefit
In case of the Life Assured's unfortunate demise, we will pay the nominee the
highest of the following:
Sum Assured less all partial withdrawals (as de below)
Fund Value
105% of total premium(s) paid
The partial withdrawals to be deducted from the death benefit shall be:
All partial withdrawals made during the two year period immediately preceding the death of the Life Assured
For a reduced paid-up policy, the Death Benefit shall be the highest of:
Paid up Sum Assured (less partial withdrawals as specified above)
Fund value
105% of total premiums paid
The policy will terminate there after and no more benefit will be payable. "

4. What are the fund choices?
You will 10 Fund options to choose upon

5. Can I do a partial withdraw from my fund?
You can make lump sum partial withdrawals from your funds after 5 years of your policy provided:
The Life Assured is at least 18 years of age.
The minimum partial withdrawal amount is ` 10,000. This is subject to change from time to time.
The fund value after the partial withdrawal and any applicable charges (including applicable taxes and statutory levies, if any) is not less than 150% of annualized premium for limited premium payment policies.
For limited and regular premium payment policies, the maximum amount that can be withdrawn from the basic fund value throughout the policy term is 300% of the annualized premium.
For single premium payment policies, maximum amount that can be withdrawn from the basic fund value throughout the policy term is 50% of single premium.
The partial withdrawals shall not be allowed which would result in termination of Policy

6. Can I do any free switch or premium redirection under the plan?
Premium Redirection: There are 4 free premium redirections in each policy year. Subsequent premium redirections, if any, will attract a charge of 250 per request or a reduced charge of `25 per request if executed through the company's web portal.
Switching charges: There are 4 free switches in each policy year. Subsequent switches, if any, will attract a charge of `250 per request or a reduced charge of `25 per request if executed through the company's web portal. This charge will be levied on switching of monies from one fund to another available fund within the product. The charge per each switch will be levied at the time of effecting the switch

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Disclaimer

HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.HDFC Life Sampoorn Nivesh (UIN No: 101L103V03) is a Unit Linked Non Participating Life Insurance Plan. Life Insurance Coverage is available in this product. This version of the product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions and exclusions contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer. ULIP Issued on or after 1st February 2021 where the annualised premium exceeds Rs 2.5 lakh at any time during the premium paying term, the amount received on maturity shall not be entitled for exemption under section 10(10D) of the Income-tax Act, 1961. However, death benefit received shall be exempt u/s 10(10D). Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.