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HDFC Life Super Income Plan SHARE
HDFC Life Super Income Plan SHARE
Savings &
Investment
Plans
As you approach different stages in life, there are dreams and aspirations that you set out for yourself and your family. But this does not set you free from
the day to day responsibilities of managing house, paying for health expenses, school fees etc. To help you ensure that none of this is compromised for the
other, we offer you a solution such that you can fulfil your dreams uninterrupted.
Enjoy regular income for period of 8 to 15 years after premium payment term.
2.
Guaranteed Base Income varying from 8.0% to 12.5% of Sum Assured on Maturity payable each year during payout period.
3.
Boost your regular income at maturity with reversionary bonuses and terminal bonus*, if any.
4.
Range of premium payment and policy term options to meet your income goals.
5.
6.
This plan is available with a Short Medical Questionnaire (SMQ) based underwriting
8
10 or 12
or
years
years
years
Payout Period
Payouts at the end of
every year after completion
of Premium Payment Term
Regular Income
Bonuses
BENEFITS
This plan can be taken only on a single life basis. The age limits for this plan
are as follows:
Minimum
Maximum
18
75
Eligibility Criteria
Rs. 128,337
Options
Premium
payment term
(years)
(A)
Payout period
(years)
(B)
Policy term
(years)
(A+B)
Option 1
16
Option 2
10
18
Option 3
10
10
20
Option 4
10
12
22
Option 5
12
12
24
Option 6
12
15
27
PREMIUMS
You can choose your premium as per your needs. You can choose to pay your
premiums either annually, half yearly, quarterly or monthly.
The Premium limits are as specified below:
Frequency
Minimum Instalment
$
Premium
Annual
Rs. 24,000
Half-Yearly
Rs. 12,000
Quarterly
Rs. 6,000
Monthly**
Rs. 2,000
Maximum Instalment
Premium
No limit
$$
The minimum premium amounts are exclusive of applicable service tax and
education cess.
$$
The acceptance of any case is subject to satisfactory underwriting.
**Subject to our prevailing operational rules, it may be required for Monthly
Frequency to be taken with ECS/SI and to pay first 3 months premium in
advance.
Annual GBI
12.5%
100%
10.0%
100%
12.0%
120%
10.0%
120%
10.0%
120%
8.0%
120%
D) Death Benefit:
On death of the life assured during the term of the policy, provided all
due premiums are paid; we would pay to the nominee the higher of the
following:
Sum Assured on Death + Accrued Reversionary Bonuses + Interim Bonus
(if any) + Terminal Bonus (if any)
#
105% of premiums paid till date
Where, the Sum Assured on Death shall be the higher of:
Sum Assured on Maturity
#
10 times Annualised Premium for entry age up to 50 years and 7 times
#
Annualised Premium for entry age greater than 50 years
#
excludes any underwriting extra premiums, modal loadings and any taxes
paid
On death of the life assured during the payout period, the Death Benefit
payable shall not be reduced by the survival benefits already paid.
On payment of the Death Benefit during the policy term, the policy will
terminate and no future payouts will be payable.
e) Policy Loan:
Once your policy has acquired the surrender value, you may avail of a policy
loan up to 80% of the surrender value of your policy subject to applicable
terms and conditions.
HIGH SUM ASSURED REBATE:
We also offer high sum assured rebate on the policies with Sum Assured on
Maturity of 4 lakhs & above.
Sum Assured on Maturity
Rs 400,000 to less than Rs 800,000 0.5 per 1000 Sum Assured on Maturity
Rs 800,000 or more
GRACE PERIOD
Grace Period is the time provided after the premium due date during which the
policy is considered to be in-force with the risk cover. This plan has a grace
period of 30 days for yearly, half-yearly and quarterly frequencies from the
premium due date. The grace period for monthly frequency is 15 days from the
premium due date.
Should a valid claim arise under the policy during the grace period, but before
the payment of due premium, we shall still honour the claim. In such cases, the
due but unpaid premium will be deducted from any benefit payable.
LAPSATION
In the event of non payment of premium due under the policy within the grace
period, the policy will lapse if the policy has not acquired a guaranteed
surrender value (refer the section on surrender). The risk cover will cease and
no benefits will be payable in case of lapsed policies.
You can revive your lapsed policy. Kindly see the section below on Revival.
PAID-UP
If you stop paying premiums after the policy has acquired a guaranteed
surrender value (refer the section on surrender), your policy will be made paidup at the end of the grace period.
Once a policy becomes paid-up:
The paid-up Sum Assured on Maturity/Death shall be the Sum Assured on
Maturity/Death multiplied by the ratio of the premiums paid to the
For details on GSV percentage, please refer terms & conditions section below.
Depending on the prevailing market conditions, the Company may pay a higher
surrender value in the form of a Special Surrender Value.
On payment of the Surrender Benefit, the policy will terminate and no more
benefits will be payable.
It is always advisable to pay premiums for the full premium paying term
in order to enjoy maximum benefits.
Tax Act, 1961, the benefits received from this policy are exempt from tax,
subject to the conditions specified therein.
Please note that the above mentioned benefits are as per the current tax
rules. Your tax benefits may change if the tax rules are changed. You are
requested to consult your tax advisor.
0%
30%
50%
55%
65%
75%
80%
85%
0%
30%
50%
55%
60%
65%
70%
80%
1
2 to 3
4 to 7
8 to 11
12 to 15
16 to 19
20 to 25
26 to 27
Policy
Year
Option 1
Option 2
Option 3
Option 4
Option 5
Option 6
4.2%
3.2%
2.4%
1.8%
1.4%
0.9%
4.9%
3.7%
2.8%
2.1%
1.6%
1.0%
5.6%
4.2%
3.2%
2.4%
1.8%
1.2%
6.4%
4.9%
3.7%
2.8%
2.1%
1.4%
7.4%
5.6%
4.2%
3.2%
2.4%
1.6%
8.5%
6.4%
4.9%
3.7%
2.8%
1.8%
9.8%
7.4%
5.6%
4.2%
3.2%
2.1%
11.3%
8.5%
6.4%
4.9%
3.7%
2.4%
10
13.0%
9.8%
7.4%
5.6%
4.2%
2.8%
11
14.9%
11.3%
8.5%
6.4%
4.9%
3.2%
12
17.2%
13.0%
9.8%
7.4%
5.6%
3.7%
13
19.7%
14.9%
11.3%
8.5%
6.4%
4.2%
14
22.7%
17.2%
13.0%
9.8%
7.4%
4.9%
15
26.1%
19.7%
14.9%
11.3%
8.5%
5.6%
16
30.0%
22.7%
17.2%
13.0%
9.8%
6.4%
17
26.1%
19.7%
14.9%
11.3%
7.4%
18
30.0%
22.7%
17.2%
13.0%
8.5%
19
26.1%
19.7%
14.9%
9.8%
20
30.0%
22.7%
17.2%
11.3%
21
26.1%
19.7%
13.0%
22
30.0%
22.7%
14.9%
Upon the receipt of the notice of assignment in writing, the Company shall
record the information in relation to such assignment and shall, on the
request of the person by whom the notice was given, or of the assignee,
grant a written acknowledgment of the receipt of such notice.
23
26.1%
17.2%
24
30.0%
19.7%
25
22.7%
26
26.1%
27
30.0%
Annual
Half-Yearly
Quarterly
Monthly
Conversion
Factor
1.00
0.51
0.26
0.0875
HDFC Standard Life Insurance Company Limited. In partnership with Standard Life Plc
Registered Office: HDFC Standard Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai-400 011.
Insurance is the subject matter of the solicitation. This Life Insurance product is underwritten by HDFC Standard Life Insurance Company Limited. This document has no
monetary value at any time and is not a proof of any contract with HDFC Standard Life Insurance Company Limited.HDFC Life Super Income Plan (Form No.P501-121
UIN:101N098V01) is a traditional participating insurance 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. HDFC Bank Ltd. Certified Corporate Agent IRDA License
No.: 933982. HDFC Standard Life Insurance Company Limited. IRDARegistration No. 101.ARN: PP/10/2014/5370. CIN: U99999MH2000PLC128245
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDA clarifies to public that
IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
IRDA does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number
W.e.f. Oct 2014/VER 8.2