HDFC Life Sampoorn Samridhi Plus Insurance Plan is a non-linked participating life insurance policy. With this plan, a policyholder can choose from the two options of endowment, and endowment with whole life cover (till 100 years). This plan gives you extra control over your savings and investments, so you don’t have to liquidate your savings, in the event of any unforeseen circumstances.
The plan provides additional boosters in the form of guaranteed additions, provided the policy is in force. This is payable at maturity or death, whichever is earlier. The rate of guaranteed additions will depend upon the policy term and will accrue during the first 5 years of the policy.
This plan offers two types of bonus:
A simple reversionary bonus would be declared at the end of each financial year. This will be expressed as a percentage of the “sum assured on maturity”. Once added to the policy, the bonus is guaranteed to be payable on maturity or death, provided all due premiums are paid.
This will be payable as a lump sum at the end of the policy term. As the terminal bonus depends on the actual future experience, it is not a guaranteed benefit.
In the event of the death of the insured during the policy term, the nominee in the policy can receive an amount as per the calculation below:
• Sum assured on death + accrued guaranteed additions + accrued reversionary bonuses + interim bonus (if any) + terminal bonus (if any)
• 105% of premiums paid to date.
In the event of the accidental death of an insured individual, the family receives an additional sum equal to sum assured on death. This amount is payable provided the life assured is aged 18 years and above on the date of death. The policy covers accidental death, which is caused within 180 days of any bodily injury.
The insured can avail loan under the policy, provided the policy has acquired a surrender value. The policyholder must abide by the current terms and conditions stated below:
• The policyholder should be at least 18 years of age at the time of requesting the loan.
• The loan amount will be subject to a maximum of 80% of the surrender value.
• The interest rate on loan is 10.5% p.a.
This plan has a grace period of 30 days for yearly, half-yearly and quarterly frequencies from the premium due date. The grace period for the monthly frequency of premium payment is 15 days from the premium due date.
The policyholder enjoys the tax-benefit under section 80C of the Income Tax Act as per the prevailing tax laws.
|HDFC Life Sampoorn Samridhi Plus Insurance Plan|
|Insurer Name||HDFC Life Insurance Company Limited|
|Tenure||15 to 40 years|
|Sum assured on maturity||Rs. 65,463|
|Plan options (2 plan options)||• Endowment
• Endowment with whole life cover (till 100 years)
|Mode of premium payment||Half yearly, quarterly, monthly|
The HDFC Life Sampoorn Samridhi Plus is a non-linked “with profit” life insurance policy, where the premium needs to be paid for a limited period. The 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 the policy term and life cover throughout the policy. The plans are available starting from Rs. 1,000 including all taxes, with maximum coverage subject to Board, Approved Underwriting Policy (BAUP).
The eligibility criteria for the HDFC Life Sampoorn Samridhi Plus are as follows:
• Eligibility (minimum and maximum age): 30 years and 60 years
• Maturity (minimum and maximum age): 18 years and 75 years
The following mandatory documents will be needed to purchase the policy:
Documents needed to process cashless claim:
With the HDFC Life Sampoorn Samridhi Plus Plan, you can avail the benefit of cashless treatment with the insurer’s network hospitals anywhere in the country. The procedure to file a claim is as follows:
Documents needed to process reimbursement claim
Some of the key policy exclusions are as follows:
BFL Helpline Number: 08698010101
HDFC Life Helpline Number: 1800-266-9777
E-mail – firstname.lastname@example.org
Mailing address:Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014.
Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, Tata AIG General Insurance Company Limited, Oriental Insurance Company Limited, Max Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited and Manipal Cigna Health Insurance Company Limited under the IRDAI composite registration number CA0101.
Please note that BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase an insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. This product provides insurance coverage under the product name HDFC Life Sampoorn Samridhi Plus UIN: 101N102V05. Please refer to the insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any will be as per the prevailing tax laws. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product.HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment ofpremiums. Public receiving such phone calls are requested to lodge a police complaint.