‘Sampoorn Samridhi’ is HDFC Life’s new addition to its Savings and Investments product portfolio. This new insurance plan is a ‘with profit’ traditional policy with a blend of Endowment plan and Whole Life Plan.
The plan is open to all customers in the age group 18 to 60 yrs and the maximum age at maturity ceases at 75 years. The minimum policy term is 5 years whereas the maximum policy year is 40 years.
HDFC Life Sampoorn Samridhi gives an opportunity to policyholder to choose from the 2 maturity options -Enhanced Cover Option and Enhanced Cash Option. The premiums can be paid monthly, quarterly, half-yearly or annually and are eligible to tax benefits.
Special discount of 5% is available to customers opting for a Sum Assured of Rs 5 lakhs and above. This plan has a Revisionary Bonus which is a percentage of the Sum Assured that is declared at the end of each year. This bonus is payable either on earlier death of the policyholder or on maturity. Terminal or Interim Bonus may also be added to the policy.
Read our complete review of HDFC Life Sampoorn Samridhi Insurance Plan.
“It is an affordable and a flexible insurance plan designed for all customer segments which offer a lump sum payout at the end of the selected term to fulfill long term goals,” said Mr. Paresh Parasnis, Executive Director and COO of HDFC Life.
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