HDFC Life Super Savings Plan is a regular premium paying with profit endowment plan. The product offers an opportunity to participate in the profit of participating fund of the company by way of bonus payable at the time of the maturity or on the death.
Eligibility Criteria | ||||||
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Maximum | 60 Years | |||||
Max age of Maturity | Minimum - 18 Years | Maximum - 75 Years | ||||
Premium Amounts | Frequency | Minimum | ||||
Yearly | Rs. 24,000 | |||||
Half yearly | Rs.12,000 | |||||
Quarterly | Rs. 6,000 | |||||
Monthly | Rs.2,000 | |||||
Maximum | No Limit* | |||||
Notes: *For monthly mode: 3 monthly premiums to be paid in advance and renewal premium payment is allowed only through ECS, Credit card, Direct debit and EFT. |
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Sum Assured | Minimum | Rs.245,155 | ||||
Maximum | No Limit, subject to satisfactory underwriting | |||||
Minimum | Maximum | |||||
Policy Term (Years) | 15 | 30 | ||||
Premium Payment Term(Years) | Same as Policy Term |
Benefit | Description | |||||
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A) Maturity Benefit | Sum Assured | Interim Bonus, If any | ||||
Accrued Reversionary Bonus | Terminal Bonus , If any | |||||
Notes: On survival till the maturity date and on full payment of premiums due throughout the policy term. | ||||||
B) Death Benefit | 10 x annualised premium | Sum Assured | ||||
105% of all Premium paid till date | ||||||
C) Accidental Death Benefit | In case of death due to accident during the term of the policy, an additional Sum equal to Sum Assured on Death is payable | |||||
This amount is payable provided the life assured is aged 18 years & above on the date of death | ||||||
Accidental Death must be caused within 90 days of any bodily injury |
Not Available
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy, the Policy shall be void and the Company will only be liable to pay the higher of 80% of premiums paid or the surrender value.
Tax benefits will be as per Section 80C & Section 10(10D) of the Income Tax Act, 1961
Know Claim Process of HDFC Life Super Savings Plan
HDFC Life is a joint venture between Housing Development Finance Corporation Limited (HDFC), India's leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.HDFC Ltd. holds 70.65% and Standard Life (Mauritius Holding) 2006 Ltd. holds 26.00% of the equity in the joint venture while the rest is held by others.
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