HDFC Sampoorn Samridhi Insurance Plan Review
Plan Name: Sampoorn Samridhi
Insurer: HDFC Life Insurance
Category: Traditional Plan
Objective: Financial protection of family and returns on investment
Major USP of HDFC Sampoorn Samridhi Plan
Enhanced Cover Option available
Minimum Guaranteed bonus interest rate
Large Sum Assured Rebate
Eligibility of HDFC Sampoorn Samridhi Plan
Minimum Entry Age: 18 Years
Maximum Entry Age: 60 Years
Maximum Age at Maturity: 75 Years
Policy Term: 5Years - 40 Years
Premium Payment Mode: Yearly, Half Yearly, Quarterly or Monthly
What benefits does HDFC Sampoorn Samridhi Plan offer?
In case of unfortunate death of the life insured, Sum Assured with bonus additions will be paid. In case of accidental death, additional Sum Assured is paid.
At the end of policy term, Sum Assured along bonuses will be paid.
If chosen for Enhanced Cover Option, additional Sum Assured is payable on death of life insured till 99 years of age.
The bonus is guaranteed to be at least 3% till the end of financial year of 2021. This bonus will be regularly added to the policy after the policy acquires guaranteed surrender value. Other bonuses may also be added.
If opted for Sum Assured equal and above INR 5 lacs, 5% rebate on basic premium will be made.
Are there any tax benefits?
Under Section 80C you can avail tax benefit, yearly premium (not more than 1lac) will be deducted from taxable income.
Under Section 10(10D) death claim is completely tax free.
What else should I know about?
Surrender Value: The policy will acquire guaranteed surrender value after 3 annual premiums have been paid. The guaranteed surrender value will be equivalent to 50% of all premiums paid barring the first year premium.
Free Look Period: Sampoorn Samridhi can be cancelled within 15 days of receiving the policy contract. A written application can be submitted to any branch for the same. The premium will be paid back minus some charges like stamp duty, medical reports.