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HDFC Life Sampoorn Nivesh

HDFC Life Sampoorn Nivesh is a unit-linked insurance plan (ULIP) where the returns are linked to the market performance. The plan offers 3 benefit options to choose from and reduced premium allocation charge on investing higher premium amount.

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Flexible Investment Tenure
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Benefit Options
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Tax Benefit
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Key Features

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Flexible Investment Tenure

Flexibility to choose your investment term from 10 to 25 years

Benefit Options

Choice of 3 Benefit Options to suit your financial requirements

Accidental Death Benefit

Option of accidental death benefit through Extra Life Option

Loyalty Additions

Loyalty additions to enhance your Fund Value after 10 years

Save on Premium Allocation

Reduced premium allocation charge on investing higher premium amount

Benefits

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Different Benefit Options

HDFC Life Sampoorn Nivesh provides 3 Benefit Options to choose from based on your requirement:

  1. Classic
  2. Classic Plus
  3. Classic Waiver
Death Benefit

In case of the Life Assured’s unfortunate demise during the policy term, we will pay a lump sum amount to the nominee as mentioned below:

  1. Death Benefit under Classic Option will be highest of:
    - Sum Assured,
    - Fund Value,
    - 105% of the premium(s) paid
  2.  
  3. Death Benefit under Classic Plus Option will be higher of:

- Sum Assured + Fund Value,
- 105% of the premium(s) paid 

3.Death Benefit under Classic Waiver Option will be higher of:
- Sum Assured,
- 105% of the premium(s) paid

Plus
Modal premium will be payable by HDFC Life to the Fund on Premium Due Date and the policy will be in force. 

Plus 
Fund Value will be payable on Maturity

Accidental Death Benefit

This benefit is only available under Classic Benefit Extra Life Option. In case of death due to accident during the term of the policy, an Additional Benefit equal to Sum Assured is payable in addition to the Death Benefit payable under Death Benefit options mentioned above.

Maturity Benefit

On survival till the end of policy term, you will receive your Fund Value as Maturity Benefit

Loyalty Additions

Guaranteed Loyalty Additions from 10th policy year
Reduced Allocation Charge
Reduced Premium Allocation Charge by investing higher premium

Tax Benefit

Tax Benefit available for premiums paid as per Section 80C and benefit amount received as per Section 10(10D) of Income Tax Act, 1961

Tax Benefit

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Tax Benefit available for premiums paid as per Section 80C and benefit amount received as per Section 10(10D) of Income Tax Act, 1961

Eligibility

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Parameters Minimum Maximum
Premiums Single: Rs. 24,000
Annual: Rs. 24,000
Half-yearly: Rs 12,000
Quarterly: Rs 6,000
Monthly: Rs 2,000
No Limit
Policy Term 10, 15, 16, 17, 18, 19 and 20 years
Premium Payment Term Single : One-time payment
Limited : 5, 7 and 10 years
Regular: 10, 15 to 25 years

 

Classic (Life) Option
  Minimum Maximum (5 Pay) Maximum (Other than 5 Pay)
Age at Entry 18 years 53 years 58 years
Age at Maturity 28 years 63 years 68 years

 

Classic (Extra Life) Option
  Minimum Maximum (5 Pay) Maximum (Other than 5 Pay)
Age at Entry 18 years 53 years 58 years
Age at Maturity 28 years 63 years 68 years
Classic Plus Option
  Minimum Maximum (5 Pay) Maximum (Other than 5 Pay)
Age at Entry 0 years (30 days) 48 years 50 years
Age at Maturity 18 years 58 years 60 years
Classic Waiver Option
  Minimum Maximum (5 Pay) Maximum (Other than 5 Pay)
Age at Entry 18 years 47 years 50 years
Age at Maturity 28 years 57 years 60 years

FAQs

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angle down iconWhat if you surrender before completion of the 5 years from commencement of the policy?

Your fund value less discontinued charges will be moved to the 'Discontinued Policy Fund. The fund value corresponding to the 'Discontinued Policy Fund' will be paid out on the completion of the lock-in period.

angle down iconWhat If you surrender after completion of the 5 years from commencement of the policy?

Your fund value will be paid out