HDFC Life Sampoorn Samridhi Insurance Plan is a simple traditional plan which has 2 unique options of Enhanced Cash and Enhanced Life Cover. Thus, if the policyholder opts for Enhanced Cash Option, he would get the usual Maturity Benefits along with additional Bonus and if he opts for Enhanced Life Cover, then he would get life protection till 99 years of age. Hence the second option is a whole life cum endowment plan. However, if the life insured dies within the policy term, then the Sum Assured along Bonus accumulated till then would be paid to the nominee. This plan also has additional Accidental Death Benefit.
Death Benefit – In case of death of the life insured, the nominee gets the sum assured and bonus accrued till death under the plan. In case of accidental death, additional sum assured will be paid.
Maturity Benefit – There is a choice:
1. Enhanced Cash Option- Sum Assured + Reversionary Bonus + any Interim Bonus + any Terminal Bonus + Enhanced Terminal Bonus.
2. Enhanced Cover Option- Sum Assured + Reversionary Bonus + any Interim Bonus + any Terminal Bonus + Additional Sum Assured payable on Death of Life Insured upto the age of 99 years.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C
Sum Assured (in Rs.)
As per premium multiplier opted
Policy Term (in years)
Premium Payment Term (in years)
Equal to policy term
Equal to policy term
Entry Age of Policyholder
Age at Maturity
Single premium (in Rs.)
Yearly, Half-Yearly, Quarterly and Monthly
The below graph shows indicative premiums for Ages 30 yrs and 40 yrs with Policy Term (PT) of 10 and 20 years.
Riders – No riders are available in this policy
You stop paying the premium - If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period from the due date of the first unpaid premium. You can re-instate the policy within 3 years of lapsation by paying up all due premiums with interest.
You want to surrender the policy – This plan can be surrendered after completion of 3 policy years.
The Guaranteed Surrender Value including the value of attached Bonus would be 50% of all premiums paid excluding the first year’ s premium and additional premiums paid.
You want a loan against your policy – Loan facility is not available under this policy.
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