Discovering HDFC Super Investment Plans- Important Things You Must Know

The idea of putting time and worth in any investment plan is to get to a secure, more convenient future. HDFC Life insurance reviews or investment plan reviews do provide a clue about what suits who and what is a total waste. However, motivating from the concept of ‘you benefit from what you understand,' here is a quick tale of three Super plans by HDFC.

HDFC Life Super Savings Plan

This is a regular endowment plan flavored with regular premium payment choices, topped with bonuses and sprinkled with life insurance coverage feature. It provides the guaranteed sum, any and all bonuses along with the terminal bonus, if applicable, at the maturity moment.

	Minimum	Maximum
Entry Age	30 days	60 years
Maturity Age	18 years	75 years
Policy Term	15 years	30 years
Premium Payment Frequency	Monthly, Quarterly. Half-annually, Annually
Assured Sum	245,145 INR	No limit
Yearly Premium	24000	No limit

In case you were to get this plan and then meet an untimely demise, your nominees will be paid whichever is higher: the assured sum, 105% of the gross premium you paid, or ten times the annual premium. And of course, the bonuses too.

Also, an accidental death qualifies your nominee for HDFC life claim. Review the rules and understand just how much of an additional premium your candidates stand to receive.

You’ll need a KYC document, proof of address, and a certificate of health for this plan. You can choose the premium frequency- monthly, quarterly, half-yearly or annually. With this scheme, on a yearly premium of 24000, you stand to receive about 2,45,000 at the time of maturity.

HDFC Life Super Income Plan

All the HDFC life insurance reviewer folks will tell you one thing about this plan- it’s a saving means that facilitates money back in the form of regular incomes.

	Minimum	Maximum
Entry Age	30 days	59 years
Maturity Age	18 years	75 years
Policy Term	16 years	27 years
Premium Paying Term	8, 10 or 12 years
Premium Payment Frequency	Monthly, Quarterly. Half-annually, Annually
Assured Sum	128,337 INR	No limit
Yearly Premium	24000	No limit

Super Income is a limited endowment program. It allows for 8 to 12.5% of assured sum to be paid every year at maturity depending on the type of plan you have chosen. You can opt the income feature for 8, 10, 12 or 15 years. There is the additional interim bonus, vested bonus, and terminal bonus if you decide to include them in your policy at the time of buying.

With this plan, both the maturity benefit and the regular income will be tax-free. And you can get tax benefit on the premiums you pay. This program also gives you the option to choose one out of the four premium-paying frequency plans.

There is also the accident disability rider bonus that you can avail for ten years i.e. if you lose your life in an accident, your nominee will get it. Or the critical illness plus rider that will provide the assured rider sum if you are diagnosed with any of the 19 acceptable critical illnesses in the HDFC rule book.

HDFC Life Sampoorn Samridhi Plus

Even without a super in its name, this plan is kind of cool and well, super in its space. This is a whole life insurance plans. Meaning- the insurance runs for 100 years, and well, who lives beyond that? But, listen to this- if you are not down for the whole life feature, you can just get the assured sum on the plan maturity.

	Minimum	Maximum
Entry Age	30 days	60 years
Maturity Age	18 years	70 years
Policy Term	15 years	30-100 years’ age
Premium Paying Term	Policy term-5 years
Premium Payment Frequency	Monthly, Quarterly. Half-annually, Annually
Assured Sum	65,463 INR	No limit
Yearly Premium	12,000	No limit

Convenient? Indeed. Other than the endowment and the whole life endowment, there are additional bonuses and an inbuilt accident rider benefit. You can access tax benefits on the premium you’ll pay or on the claim you’ll receive, oh and you will be eligible for rebates on the premium on an assured sum of 1.5 lakh rupees or above.

Investment Is Fun with Plans Like These

While you might want to explore the internet for these HDFC life insurance reviews, in the end, the picture they paint is soothing for investment for life.