HDFC Life Insurance - Sampoorn Samridhi Plus Plan

Protection: Life cover throughout the policy term with an option to extend it till age 100 years.

* Limited premium payment term equal to policy term less 5 years .
* Your policy s value will increase as we declare bonuses .
* Option to extend Insurance coverage up to 100 years of age .
* Additional benefit paid in case of death due to an accident .
* Tax Benefit under Section 80C and Section 10(10D) of Income Tax Act, 1961.

a) Guaranteed Additions
The plan provides you with additional boosters in the form of guaranteed additions, provided the policy is in force. The Guaranteed Additions are 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.
b) Bonuses
Reversionary Bonus: A simple Reversionary Bonus would be declared at the end of each financial year. The same will be expressed as 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.
The Reversionary Bonus is a discretionary benefit and would be declared keeping in mind a long term view of expected future experience. In case of death or surrender during the inter-valuation period the policy will be eligible to receive the Interim Bonus based on the bonus rates declared by the company.
Terminal Bonus: A Terminal Bonus may be added to a policy and enables the company to pay a fair share of the surplus at the end of the policy term, based on the actual experience over the policy term and allowing for the reversionary bonuses already attached.Terminal Bonus 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.

C) Maturity Benefit
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
*Interim bonus (if any)
*Terminal bonus (if any)
d) Death Benefit
On death of the life assured during the policy term, provided all due premiums have been paid; we would pay the nominee higher of the following:
* Sum Assured on Death + Accrued Guaranteed Additions + Accrued Reversionary Bonuses + Interim bonus (if any) + Terminal bonus (if any)
* 105% of premiums6 paid till date

Age at Entry 30 days 60 years

Minimum Maximum
Policy Term (years) 15 40

Minimum Maximum
Premium Payment Term (years) Policy term less 5 years

Minimum Maximum
Sum Assured on Maturity Rs. 65,463 No limit, subject to satisfactory board
approved underwriting policy

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, provided the policy is in-force.
* From the date of revival of the policy, the nominee of the policyholder shall be entitled to an amount which is higher of 80% of the premiums paid till the date of death or the surrender value as available on the date of death.