HDFC Life Super Income Plan - Life Insurance Review
HDFC Life Super Income Plan - Fulfill the smaller joys in life through regular income
HDFC Life Super Income Plan is a participating plan that offers guaranteed income for a period of 8 to 15 years. It also often an opportunity to participate in the profits of participating fund of the company by way of bonuses.
The plan is ideal for individuals who need regular income at their disposal so that they don't have to worry about future expenses and fulfill their financial goals uninterrupted.
Plan at a Glance:
Maximum Age at Entry 30 days - for 18 - 22 years policy term
2 years - for 16 years policy term
Maximum Age at Entry 48 years - 59 years
Age at Maturity 18 to 75 years
Minimum Premium Rs. 24,000 p.a.
Policy Term years 16/18 20/22 24/27
PPT [ years ] 8 10 12
Minimum Sum Assured Rs. 1,28,337.00
Key Features:
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| HDFC Life Super Income Plan |
HDFC Life Super Income Plan is a participating plan that offers guaranteed income for a period of 8 to 15 years. It also often an opportunity to participate in the profits of participating fund of the company by way of bonuses.
The plan is ideal for individuals who need regular income at their disposal so that they don't have to worry about future expenses and fulfill their financial goals uninterrupted.
Plan at a Glance:
Maximum Age at Entry 30 days - for 18 - 22 years policy term
2 years - for 16 years policy term
Maximum Age at Entry 48 years - 59 years
Age at Maturity 18 to 75 years
Minimum Premium Rs. 24,000 p.a.
Policy Term years 16/18 20/22 24/27
PPT [ years ] 8 10 12
Minimum Sum Assured Rs. 1,28,337.00
Key Features:
- Insurance coverage throughout the policy term
- Sum Assured: Amount guaranteed to be payable during the policy term. Determined based on Premium Paying Term, Premium amount, age and gender.
- Guaranteed Base Income [ GBI ]: GBI ranging between 8% to 12.5% of Sum assured depending on the PPT is payable at the end of each year during the payout period [ 8-15 years ] either annually or monthly.
Maturity Benefit: Aggregate of
- Last Guaranteed Base Income payout
- Accrued Revisionary Bonuses
- Interim Bonus, if any
- Terminal Bonus, if any
Death Benefit:
Death Benefit is the higher of the following :
- 10 or 7 times the annualized premium as applicable plus the vested revisionary bonus plus terminal bonus if any.
- Sum Assured on maturity plus the vested revisionary bonus plus terminal bonus if any
- 105% of premiums paid
Tax Benefit as per the prevailing tax laws.
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