HDFC Life Super Income Plan

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

                
2. What is the minimum premium that needs to be paid?            
Limited Pay : Rs. 76,198
Single Pay : Rs. 18,457
(Excl tax)
                
3. What is the Death Benefit under the plan?            
On death of the life assured during the term of the policy, provided all due premiums are paid; we would pay to the nominee the higher of the following:
• Sum Assured on Death + Accrued Reversionary Bonuses + Interim Bonus (if any) + Terminal Bonus (if any)
 • 105% of total premiums paid^ till date
Where, the Sum Assured on Death shall be the higher of:
• Sum Assured on Maturity #
• 10 times Annualised Premium /Single Premium for entry age up to 50 # years and 7 times Annualised Premium for entry age greater than 50 years
On death of the life assured during the payout period, the Death Benefit payable shall not be reduced by the survival benefits already paid.
# Annualised premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
^ Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
On payment of the Death Benefit during the policy term, the policy will terminate and no future payouts will be payable.                
                
4. What is the Maturity Benefit under the plan?            
For a policy where all due premiums have been paid, the maturity benefit
will be the aggregate of:
1. Last Survival Benefit payout,
2. Accrued Reversionary Bonuses,
3. Interim Bonus, if any
4. Terminal bonus, if any
On payment of the Maturity Benefit, the policy will terminate and no
more benefits will be payable.
In cases where Life Assured is minor, the policy will automatically vest on
him or her on attaining age 18 years.                
                
5. Can I save tax by investing in this policy?            
Yes, Tax Benefits are governed by prevailing tax laws. You are requested to consult your tax advisor         

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 Super Income Plan (UINNo: 101N098V05, Form No: P501-121-01) is a A Non-Linked Participating Life Insurance Plan. HDFC Life Income Benefit on Accidental Disability Rider(UIN: 101B013V03) and HDFC Life Critical Illness Rider (UIN: 101B014V02) are the names of the riders. Life Insurance Coverage is available in this product.For more details on risk factors,associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.

“As per recent changes in section 10(10D) of Income Tax Act, where the amount of aggregate annual premium payable in the financial year in case of Traditional plans (all non-unit linked plans except Annuity, Pension and Pure Risk Plans) issued on or after 1st April 2023 exceeding INR 5,00,000 the benefits of the policy/policies shall not be eligible for exemption under section 10(10D) except in case of death”. The customer is requested to seek advice of a tax advisor with respect to his/her personal tax liabilities under the Indian Income-tax law." ​​​​​​​