All You Need To Know
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Age limit
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Plan options
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Fund investment
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Withdrawals and switches
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Premiums
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Ways to pay
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Policy term
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Bonuses
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Tax benefit
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Maturity benefit
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Death Benefit
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Medical examination
Frequently Asked Questions
Single: `12,000
Annual: `12,000
Half-yearly:6,000
Quarterly:`3,000
Monthly: `1,000"
Excluding tax*
1. Classic Benefit
In case of the Life Assured's unfortunate demise, we will pay the nominee the
highest of the following:
Sum Assured less all partial withdrawals (as de below)
Fund Value
105% of total premium(s) paid
The partial withdrawals to be deducted from the death benefit shall be:
All partial withdrawals made during the two year period immediately preceding the death of the Life Assured
For a reduced paid-up policy, the Death Benefit shall be the highest of:
Paid up Sum Assured (less partial withdrawals as specified above)
Fund value
105% of total premiums paid
The policy will terminate there after and no more benefit will be payable. "
Premium Redirection: There are 4 free premium redirections in each policy year. Subsequent premium redirections, if any, will attract a charge of 250 per request or a reduced charge of `25 per request if executed through the company's web portal.
Switching charges: There are 4 free switches in each policy year. Subsequent switches, if any, will attract a charge of `250 per request or a reduced charge of `25 per request if executed through the company's web portal. This charge will be levied on switching of monies from one fund to another available fund within the product. The charge per each switch will be levied at the time of effecting the switch
You can make lump sum partial withdrawals from your funds after 5 years of your policy provided:
The Life Assured is at least 18 years of age.
The minimum partial withdrawal amount is ` 10,000. This is subject to change from time to time.
The fund value after the partial withdrawal and any applicable charges (including applicable taxes and statutory levies, if any) is not less than 150% of annualized premium for limited premium payment policies.
For limited and regular premium payment policies, the maximum amount that can be withdrawn from the basic fund value throughout the policy term is 300% of the annualized premium.
For single premium payment policies, maximum amount that can be withdrawn from the basic fund value throughout the policy term is 50% of single premium.
The partial withdrawals shall not be allowed which would result in termination of Policy
You will 10 Fund options to choose upon
Disclaimer
HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.HDFC Life Sampoorn Nivesh (UIN No: 101L103V03) is a Unit Linked Non Participating Life Insurance Plan. Life Insurance Coverage is available in this product. This version of the product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions and exclusions contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer. ULIP Issued on or after 1st February 2021 where the annualised premium exceeds Rs 2.5 lakh at any time during the premium paying term, the amount received on maturity shall not be entitled for exemption under section 10(10D) of the Income-tax Act, 1961. However, death benefit received shall be exempt u/s 10(10D). Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.