HDFC Sampoorn Nivesh

HDFC Life Sampoorn Nivesh Plan is a Limited Period Deferred Annuity Plan. Thus, it is a Traditional Insurance Plan without Bonus facility. This plan gives your money invested with profit upon maturity and also covers your life including illness during the policy term. It is a perfect combination of savings and protection to your life.

Key Features

  • Customize your premium payment options
  • Loyal Additions to enhance your fund value after 10 years
  • Reduced premium allocation charge on investing higher premium amount

Benefits

  • Maturity benefit
At the end of the Policy tenure, you may redeem your balance units at the prevailing unit price with fund value and the policy would terminate.
  • Death benefit
In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of: Sum Assured on Death + Fund value and 105% of the premiums paid till date as Death Benefit and the policy would be terminated.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 0 54
POLICY TERM 10 25
AGE OF MATURITY 18 70
SUM ASSURED 81,145 NO LIMIT
PREMIUM PAYEMENT TERM 5 10
PAYMENT TERMS ANNUAL, HALF-YEARLY, QUARTERLY, MONTHLY

What if?

  • I am unable to pay on time
If the policy holder stops paying the premium, then all benefits of the policy will stop after the grace period ends. The policy can be reinstated within 2 policy years from the date of discontinuance after paying all the unpaid premiums.
  • I stop the payment
If minimum of 5 years premium is paid for a policy, then the policy is converted to paid up else the policy is Discontinued Policy Fund.
  • I wish to take a loan
No policy loan is available for this product.

Exclusions

  • In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the policyholder shall be entitled to 80% of the premiums paid or from the date of revival of the policy, the nominee of the policyholder shall be entitled to the amount which is higher of 80% of the premiums paid till date of death or the surrender value as available on death of death.
  • We will not pay Accidental Death Benefits, if the accidental death is caused directly or indirectly by any of the following:
  • Intentionally self‐inflicted injury or suicide, irrespective of mental condition
  • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner
  • Taking part or practicing for any hazardous hobby or pursuit or race unless previously agreed to by us in writing
  • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion
  • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft
  • Taking part in any act of a criminal nature with criminal intent