HDFC Life Sampoorn Samridhi Plus Plan
Endowment plan to grow wealth and plan a legacy
Age limitAge limit
Age at entry: Minimum 30 days; maximum 60 years
Age at maturity: Minimum 18 years; maximum 75 years
Plan optionsPlan options
Choose between two plan options: Endowment and Endowment with Whole Life (extended life coverage up to 100 years)
Choose to pay premium monthly (minimum ₹ 1,000), quarterly (₹ 3,000), half-yearly (₹ 6,000) or annually (₹ 12,000). There is no maximum limit
Payment term: Pay premiums for a limited term, i.e., 5 years short of your policy term
Ways to payWays to pay
Conveniently pay your premiums or renew your policy through multiple modes -- credit card, internet banking, cheque, auto debit facility
Policy termPolicy term
Choose a policy term of 15 to 40 years based on your needs
Enjoy Guaranteed Additions up to 5% pa of Sum Assured on Maturity for first 5 years
Tax benefitTax benefit
Get tax benefits under 80C and 10 (10D) of the Income Tax Act, 1961
Maturity benefitMaturity benefit
Based on your plan, on maturity you will receive:
Endowment: Sum Assured on Maturity + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim Bonuses (if any) + Terminal Bonuses (if any)
Endowment with Whole Life: Benefit payable under Endowment Option + Sum Assured on Maturity, payable on survival to age of 100 years
Death benefitDeath benefit
Beneficiaries will receive higher of:
Sum Assured on death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim Bonus (if any) + Terminal Bonus (if any), or
105% of total premiums paid
1. What is the Min/Max age at Entry/Maturity?
|Eligibility Criteria for Insured||Minimum||Maximum|
|Age at Entry||30 Days||60 years|
|Age at Maturity||18 years||75 Years|
2. What is the minimum premium that needs to be paid?
|Frequency of Premium Payment||Minimum Instalment Premium (INR Excl tax)|
3. What is the Death Benefit under the plan?
On death of the life assured during the policy term, provided all due premiums have been paid; we would pay the nominee highest of the
1) Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses (if declared) + Interim bonus (if declared) + Terminal bonus (if declared)
2) 105% of total premiums paid5 till date
Where Sum Assured on Death, shall be the highest of:
a) SA on maturity, which is absolute amt of benefit guaranteed to be payable at the maturity of the policy in accordance with the T&C of the policy
b) An absolute amount assured to be paid on death, which in this case is equal to the Sum Assured on Maturity.
c) 10 times Annualized Premium for entry age up to 50 years and 7 times Annualized Premium for entry age greater than 50 years
Risk cover starts from date of commencement of policy for all lives including minors.
4. What is the Maturity Benefit under the plan?
At the end of the policy term, provided all due premiums have been paid; you will receive the aggregate of:
Sum Assured on Maturity
Accrued Guaranteed Additions
Accrued Reversionary bonuses (if declared)
Interim bonus (if declared)
Terminal bonus (if declared)
If you have chosen Endowment Option you policy will terminate post payment of Maturity benefit
If you have chosen Endowment with Whole Life Option, whole life benefit will be payable upon the death of the life assured after the policy maturity or upon the life assured surviving to 100 years of age, whichever is earlier.
5. Can I save tax by investing in this policy?
Yes, Tax Benefits may be available as per 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 Sampoorn Samridhi Plus (UIN:101N102V05, Form No. 501) is a Non-Linked, Participating, Savings Insurance Plan. Life Insurance Coverage is available in this product. HDFC Life Income Benefit on Accidental Disability Rider (UIN: 101B013V03) and HDFC Life Critical Illness Plus Rider (UIN: 101B014V02) are the names of the riders. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.