HDFC Life Sampoorn Samridhi Plus Plan

Endowment plan to grow wealth and plan a legacy

HDFC Life Sampoorn Samridhi Plus Plan

All You Need To Know

Age limit

Age at entry: Minimum 30 days; maximum 60 years

Age at maturity: Minimum 18 years; maximum 75 years

 

 

Plan options

Choose between two plan options: Endowment and Endowment with Whole Life (extended life coverage up to 100 years)

Premium

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 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 15 to 40 years based on your needs

Bonuses

Enjoy Guaranteed Additions up to 5% pa of Sum Assured on Maturity for first 5 years

Tax benefit

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

Maturity 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 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

FAQs

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

Eligibility Criteria for InsuredMinimumMaximum
Age at Entry30 Days60 years
Age at Maturity18 years75 Years

                        
2. What is the minimum premium that needs to be paid?                    

Frequency of Premium PaymentMinimum Instalment Premium (INR Excl tax)
Annual12000
Half-Yearly6000
Quarterly3000
Monthly1000

                            
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
following:
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                    

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 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.