HDFC Sampoorn Samridhi Plus

HDFC Life Sampoorn Samridhi Plus is an endowment plan where premium needs to pay for a limited period. Policyholder has a choice to opt for Endowment or Endowment with Whole Life Option (till age 100 years). The plan offers lumpsum payment at the end of policy term and life cover throughout the policy.

Key Features

  • Guaranteed Additions up to 5% p.a. of “ Sum Assured on Maturity” for first 5 years
  • Limited premium payment term equal to policy term less 5 years with additional bonuses
  • Insurance coverage up to 100 years of age
  • Tax Benefit under Section 80C and Section 10(10D) of Income Tax Act, 1961

Benefits

  • Maturity benefit
At the end of the Policy tenure, the Sum assured, accrued guaranteed additions, accrued revisionary bonuses, interim bonus and terminal bonus if any would be paid as Maturity Benefit 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 + Accrued Guaranteed Additions + Interim Bonus + Terminal Bonus (if any) 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 30 60
POLICY TERM 15 40
AGE OF MATURITY 18 75
SUM ASSURED 65,463 NO LIMIT
PREMIUM PAYEMENT TERM POLICY TERM LESS THAN 5 YEARS
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 2 years premium is paid for a policy, then the policy is converted to Guaranteed Surrender value else the policy is lapsed.
  • I wish to take a loan
If policy has acquired surrender value subject to company’s terms specified from time to time, a loan is provided.

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