HDFC Life Super Income Insurance Plan
HDFC Life Super Income Insurance Plan - HDFC Life Super Income Plan is a participating regular income plan in India with guaranteed benefits plus bonuses to best plan your investment needs. This money back policy offers guaranteed income for a period of 8 to 15 years and 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.
HDFC Life Super Income Insurance Plan (Features):
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 money back plan such that you can fulfill your dreams uninterrupted.
- Enjoy Regular income for a payout period of 8 to 15 years after premium payment term.
- Survival Benefits varying from 8.0% to 12.5% of the Sum Assured on Maturity payable each year during payout period.
- Boost your regular income at maturity with reversionary bonuses and terminal bonus, if any.
- This plan is available with a Short Medical Questionnaire (SMQ) based underwriting
- You can customize your coverage by opting HDFC Life Income Benefit on Accidental Disability Rider that offers monthly Income of 1% of rider Sum Assured in the event of Total Permanent Disability due to accident for a fixed period of 10 years.
- The flexibility to choose the premium payment frequency i.e. monthly/quarterly/half-yearly/annual.
- Get additional protection by opting for HDFC Life Critical Illness Plus Rider that provides Rider Sum Assured in case diagnosed with any of the 19 Critical Illnesses
For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Financial Consultant before taking a decision.
HDFC Life Super Income Insurance Plan (Advantages):
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Limited premium paying term of 8, 10 or 12 years
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Guaranteed Income every year for a period of 8, 10, 12 or 15 years.
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Financial Protection against untimely demise, throughout the premium payment term as well as the payout period
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You can opt for hassle-free issuance on the basis of a Short Medical Questionnaire eliminating tedious medical tests.
- For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Financial Consultant before taking a decision.
HDFC Life Super Income Insurance Plan (Eligibility):
| Min- Max Entry Age (years) | 2 years (for policy term of 16 years 30 days (for policy terms of 18 to 27 years) |
59 (for policy term 16 years) 57 (for policy term 18 years) 55 (for policy term 20 years) 53 (for policy term 22 years) 51 (for policy term 24 years) 48 (for policy term 27 years) |
| Min- Max age at Maturity (years) | 18 | 75 |
All ages mentioned above are age last birthday.
PLAN OPTIONS
This plan offers range of options which you can select at inception based on your financial goals
| Options | Premium payment term (years) (A) | Payout period (years) (B) | Policy term (years) (A+B) | As % of Sum Assured on Maturity | |
| Annual GBI paid during payout period (C) | Total Guaranteed income for entire payout period (B*C) | ||||
| Option 1 | 8 | 8 | 16 | 12.50% | 12.5% * 8 = 100% |
| Option 2 | 8 | 10 | 18 | 10.00% | 10.0% * 10 = 100% |
| Option 3 | 10 | 10 | 20 | 12.00% | 12.0% * 10 = 120% |
| Option 4 | 10 | 12 | 22 | 10.00% | 10.0% * 12 = 120% |
| Option 5 | 12 | 12 | 24 | 10.00% | 10.0% * 12 = 120% |
| Option 6 | 12 | 15 | 27 | 8.00% | 8.0% * 15 = 120% |
For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Financial Consultant before taking a decision.
HDFC Life Insurance Savings and Investment Plans and Policy |
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Disclaimers:
Starting premiums for this plan are Rs. 24000 per year and the plan is available only on an annual mode
HDFC Life Smart Woman Plan (Form No: P501, UIN: 101L082V02). This is a unit linked non participatory product. For more details on risk factors, terms and conditions and exclusions please read the product brochure or consult financial consultant before conclusion of sale. Unit linked insurance plans are different from traditional plans and are subject to different market risks. The investment risk in the portfolio is borne by the policyholder. (hdfclife.com)
| Protection Policy and Plans |
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| HDFC Life CSC Suraksha |
| HDFC Life Click2Protect Plus |
| Children's Policy and Plans |
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| HDFC SL YoungStar Super Premium |
| HDFC Life YoungStar Udaan |
| Protection Plans Premium Calculators |
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| HDFC Life CSC Suraksha |
| HDFC Life Click2Protect Plus |
| Women's Policy and Plans |
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| HDFC Life Smart Woman Plan |
| HDFC Life YoungStar Udaan |
| HDFC Life Pension Super Plus |
| HDFC SL Youngstar Super Premium |