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HDFC Life Sampoorn Samridhi Insurance – Key Features

admin — Thu, 19 Apr 2012 13:03:01 +0000

Sukh aur Samridhi. Joy, happiness and prosperity are your ultimate desire, not only for yourself but also for your loved ones. Life insurance plans not only let you secure financial future of your loved ones, they also assist you in attaining prosperity.

Key Features:

Save Regularly

- Pay premiums either annually, half yearly, quarterly or monthly throughout the policy term.

- Save regularly by choosing your regular premiums and frequency of payment.

Maturity Benefit

- On survival till maturity, choices of maturity benefit option.

(a) ENHANCED COVER OPTION: Sum assured + Reversionary Bonus + any interim Bonus + any Terminal Bonus payable on maturity + Additional sum assured on unfortunate death before age of 99 years.

(b) ENHANCED CASH OPTION: Sum Assured + Reversionary Bonus + any interim Bonus + any Terminal Bonus + Enhanced Terminal Bonus, Policy terminates and no further benefits are payable.

PARTICIPATES IN PROFITS

- Get Reversionary Bonus (a percentage of the sum assured) declared at the end of each financial year.

- Once Added to the policy, the bonus guaranteed to be payable either on maturity or earlier death.

- The Reversionary Bonus is guaranteed to be at least equal to 3%p.a. for all bonuses declared till 31^st March 2021.

- Terminal Bonus may be added to the policy at end of the policy term.

FINANCIAL PROTECTION TO YOUR FAMILY

- On unfortunate death, your family (nominee) will get the sum assured + attached bonuses.

- In case of death due to accident, an additional sum assured will be paid. The policy will terminate and no further benefits will be payable.

- Discount of 5% on the basic premium (i.e excluding policy fee and underwriting extra premiums) for policies with a sum assured of 5 lakh and more.

TAX BENEFITS

- Under Section 80C, premiums up to Rs.1, 00,000 are allowed as a deduction from your taxable income.

- Under section 10(10D), the benefits received from this policy are exempt from tax.

The above mentioned tax benefits are subject to changes in the tax laws

Indicative premiums & Illustrative maturity value for sum assured of Rs.3Lakhs

Age(Yrs)	35 years			40 years
Policy Term (Yrs)	Indicative premiums	You may get on Maturity		Indicative premiums	You may get on maturity
15	24,725	10%	6,28,330	25,706	10%	6,28,330
15	24,725	6%	4,45,825	25,706	6%	4,45,825
20	18,548	10%	7,86,821	18,920	10%	7,86,821
20	18,548	6%	4,86,702	18,920	6%	4,86,702

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HDFC Life Click 2 Protect Term Insurance – Features & Benefits

bhavana — Fri, 06 Jan 2012 06:39:50 +0000

You know that the answer is a term insurance plan and you seek a plan that is suitable to buy and is reasonable. Your search ends here. HDFC Life is happy to present the wonderful plan for your protection needs HDFC Life Click 2 Protect. HDFC Life Click 2 Protect is a term insurance plan. This plan provides for a payment of a lump sum in the happening of your unfortunate death during the policy term.

HDFC Life Click 2 Protect Features –

Entry Age – Min. entry age is 18 years & Max. Entry age is 55 years. Max. Age at expiry is 65 years.

Minimum Premium – The minimum premium under the plan is Rs.2000/- . Premiums depend on sum assured, age, policy term, gender & health.

Payment Options – You need to pay premiums annually for your chosen policy term. The policy terms are 10 or 15 or 20 or 25 or 30years.

Sum Assured – You can choose sum assured ranging from Rs.10 lakh to Rs.10Cr.

Benefits – In Case of unfortunate demise of the assured during the policy term, sum assured will be paid to the nominee. The policy will terminate.

Advantage –

- Buy this plan at click of button, anytime & anywhere.

- High cover at a very nominal cost.

- Flexibility to choose the sum assured and policy term.

- Attractive premium rates for non smokers and those with healthier life style.

- Tax Benefits under section 80C and 10(10D) of income Tax Act, 1961

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HDFC SurgiCare Plan | Features | Advantage

bhavana — Tue, 07 Dec 2010 08:30:51 +0000

In the fast paced lives that we lead, medical contingencies may arrive at our doorstep uninvited.Surgery costs form a substantial portion of health care expenditure and needs to be provided for. Health issues can get compounded if left unattended and may require a surgery. Plus, the ever increasing costs of surgical procedures are sure to burn a hole in our pockets.

HDFC SurgiCare Plan provides you with timely support in case you have to undergo a major surgery and hospitalizations, as the case maybe, ensuring your financial independence at all times.

Features –

Surgical Coverage –

Policy covers you against 82 surgical procedures. The details of these surgeries can be obtained from the policy brochure.

Sum Assured –

Sum assured can be any amount subject a minimum Rs- 1 lakh and maximum Rs- 5 lakh. The initial sum assured automatically increases by 5 per cent every year subject to a maximum escalation to the extent of 150 % of the original sum assured.

Benefits Option –

You have the following benefits options while purchasing the plan. Option A surgical benefits & hospital cash benefits, Option B Only surgical benefits.

Premium –

The premium under the plan depends on your age, sum assured, gender, policy term premium payment frequency and additional benefits opted for. The minimum amount of installment premium is Rs- 2000/- for half yearly and yearly frequencies and Rs- 1000 for monthly frequency. Premium for the half yearly and monthly frequency should be paid by ECS/SI Only. (Please note that the rate of premium is guaranteed for the first three years and will be reviewed subject to IRDA approval. Any reviewed premium will be futher guaranteed for a period of three years from the date of review.

Discount on Sum Assured –

Sum assured of greater than Rs- 2 lakh is entitled to for premium discounts of 35 per cent on over in excess of Rs- 2 lakh.

Continuous cover –

Your policy does not terminate after the payment of first or subsequent surgical procedures. Termination take place only if the total payout reaches 300 per cent of the sum assured or the term of the policy ends. (Please note that the limit is set on the percentage and not the absolute amount paid.

Entry Age –

The minimum age entry is 18 years and maximum age is 50 years.

Policy Term –

You can choose a minimum term of 7 years and the maximum term is 20 years.

Cover Basis –

This plan can be taken only on single life basis.

Maturity Benefits –

There is no benefits payable on maturity of the policy.

Death Benefits –

There is no benefits payable on the death of the insured but in case of ill-timed demise of the life assured, before setting any existing claims, the nominee will be paid the claim amount.

Surrender and paid up benefits –

There is neither any benefits payable on surrender nor there is any paid up benefits payable under this plan.

Policy Revival –

The policy can be revived within a year of lapsing, after paying the premium arrears and revival charges. A policy revival may entail a medical test or provision of health statements. Only one revival is permissible during the entire term of the policy.

Claims –

All claims under the policy are settled by our appointed TPA. The policy holder will be provided with a 24 hours call centre facility, which can be availed to find information regarding cashless and hospitalization facility.

Advantages

82 major surgical procedures are covered.
Option to include hospital cash benefit
Automatic increase in the level of health cover (subject to terms and conditions) ensures that the increasing medical costs are taken care of.
Lump sum benefits are paid regardless of the actual medical expenses.
The policy continues even after the after the payment of first or subsequent surgical procedures, subject to terms and conditions as stated in the policy brochure.
Flexibility to tailor-make the policy by choosing level of health cover, benefit options level and premium payment as per your needs.
Convenient and hassle free claims with cashless benefits on surgeries and hospitalization in any of the network hospitals.
Tax benefits can be availed under section 80D of the Income Tax Act, 1961

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HDFC Critical Care Plan | Features | Advantage

bhavana — Tue, 07 Dec 2010 05:58:13 +0000

Critical Illness can strike anyone. Today with advancement in medical science it is possible to survive a critical illness. Expenses on survival with a critical illness can be very high. HDFC Critical care plan provides for a lump sum payment on survival post diagnosis of a critical illness, so that in the event a critical illness strikes, you don’t have to dig into those precious savings of yours.

Features –

Protection against critical illness –

The plan provide you valuable protection and support in times of critical illness, helping your family to remain financially independent in difficult times. It provides you with a health cover against 30 critical diseases.

Health Cover –

You have the liberty to choose the amount of health cover (sum assured) as per your need. The minimum amount is Rs-2 lakh and the maximum is Rs-20 lakh.

Sum Assured Changes –

You have the option to reduce the sum assured after the laps of three years after undertaking the policy, provided no policy claim has been made and the policy is still in-force subject to condition mentioned in the policy document.

Sum Assured Discount –

A sum assured of greater than Rs-10 lakh is entitled to a premium discount of 15 per cent on the access premium payable over the premium corresponding to the sum assured of over Rs-10lakh.

Term period –

The minimum term of the policy is 5 years and maximum term is 20 years. The policy term can be reduced after completion of the first three policy year, subject to condition mentioned in the policy document.

Entry Age –

The minimum age entry is 18 years and maximum age is 55 years.

Premium alteration –

You can reduce the premium amount after the completion of the first three year of the policy. You can change your premium payment frequency after the completion of one year, subject to condition mentioned in the policy document.

Maturity/Death/ Surrender benefits –

Policy does not offer any maturity death or surrender benefits

Advantages –

Provides valuable protection on survival post diagnosis of a critical illnesses
Covers as many as 30 critical illnesses
Lump sum benefit payment paid irrespective of medical expenses
The policy continues even after the benefit payment paid on selected illness
Choice of the level of health cover and premium payment
Convenient and hassle free claims

Tax benefits are available under section 80D under Income Tax Act, 1961

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HDFC Savings Assurance Plan | Features | Advantage

bhavana — Mon, 06 Dec 2010 11:13:30 +0000

Despite your best efforts, you do not end up saving regularly for your family’s and your future. Unexpected expenses, unplanned purchases and often, sheer lack of time defeat your efforts. Don’t you wish that someone would take on the responsibility of regularly saving your money for you? HDFC Savings Assurance Plan is a ‘With Profits’ savings plan which helps you conveniently build your long-term savings and ensure that your family is protected even if you are not around.

Features –

Flexibility –

You can choose to save monthly, quarterly, half-yearly or yearly as per your convenience.

No Medicals –

No Underwriting or extensive documentation required.

Term Limits –

Term Available of 10 years only.

Age limits –

The minimum entry age is 18 years and the maximum age is 60 years. The maximum age limit at maturity is 70 years

Convenience –

The chosen amount is automatically inverted from your bank account into the plan.

Advantages

The chosen amount is automatically invested from your bank account into the plan
This plan is a ‘With Profits’ savings policy, which offers the following features
- The policy receives simple reversionary bonuses, which are usually added annually
- At maturity, the policy pays out the basic Sum Assured plus Reversionary Bonuses declared during the policy term. Interim or Terminal Bonus may also be payable, if declared
On death during the first year, a sum equal to 80% of premiums received is payable. On death after the first year and during the policy term, all premiums paid to date will be returned with compound interest calculated at 6% per annum, subject to a maximum of the Sum Assured plus Reversionary Bonuses declared till date
Tax benefit under Section 80C and 10(10D) of Income Tax Act 1961, subject to provisions contained therein

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HDFC Assurance Plan | Features | Advantage

bhavana — Mon, 06 Dec 2010 10:52:22 +0000

To fulfill your dreams for your family and yourself, you need to start saving today. And you not only need to save enough but also need the assurance that your family’s future is secure. Get the convenience of HDFC Assurance Plan. HDFC Assurance Plan helps you conveniently build your long-term savings while keeping your family’s future protected. This ‘With Profits’ savings plan helps you build your long-term savings while securing your family’s future.

Features –

Flexibility –

You can choose to save monthly, quarterly, half-yearly or yearly as per your convenience.

No Medicals –

Convenient ‘No medical Examination’procedure

Term Limits –

Term Available of 10 years only.

Age limits –

The minimum entry age is 18 years and the maximum age is 50 years. The maximum age limit at maturity is 60 years.

Protection –

Insurance Cover up to Rs- 500,000 with limited documentation.

Advantages

This plan is a ‘With Profits’ savings plan, which offers the following features
- The plan receives simple Reversionary Bonuses, which are usually added annually
- At maturity, the plan pays out the basic Sum Assured plus Reversionary Bonuses declared during the policy term. Interim or Terminal Bonus may also be payable, if declared
The plan can be surrendered for cash value before maturity
Provides financial support to your family by way of a lump sum payment in case of your unfortunate death within the policy term. The lump sum is the basic Sum Assured plus any bonus additions
Tax benefit under Section 80C and 10(10D) of Income Tax Act 1961, subject to provisions contained therein

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HDFC Single Premium Whole of Life Insurance Plan| Features | Advantage

bhavana — Mon, 06 Dec 2010 10:25:14 +0000

Ideally, just how spending comes to you, so must saving and investing. You are able to finance your expenses and take care of your family’s needs in present times. However, to ensure that family is able to maintain the same standard of living in the future, you need to make the right kind of investment today. HDFC Single Premium Whole of Life Plan is a tailor made plan well suited to meet your long-term investment needs and help you maintain your family’s financial independence. This single premium investment plan is a Whole of Life plan aimed at providing long-term real growth of your money.

Features –

Death benefits –

In case of ill –timed demise of the policyholder the nominee gets the sum assured and compound reversionary bonuses, which are usually added annually. At the end of the term, an additional terminal bonus may be paid depending on performance of underlying investment.

Medical requirements –

We do not require you to undergo any medical test for this insurance plan.

Age Limits –

The minimum age at entry is 18 years and maximum age at entry is 70 years.

Sum Assured –

The minimum sum assured is Rs-25000 and maximum sum assured is Rs- 50, 00,000. The premium payment is Rs-950 per Rs- 1000 of sum assured.

Single Premium Investment –

It is a single premium investment plan customized for your long term investment needs. Minimum premium is Rs- 23,750/- and maximum premium is Rs-47, 50,000

Advantages

This participating plan is a Whole of Life plan aimed at providing long-term real growth for your money
By nature, this is a whole life policy where the term extends for the life However, you can decide on the policy term by using a feature built into it. For a period of 4 weeks, after any one of the 10th, 15th, 20th and subsequent five-year anniversaries, you can choose to receive the Sum Assured plus any attaching bonuses, in full. Once money has been received, your policy will cease or you may also continue the policy for your whole life
You can terminate the policy any time, after it has been in force for at least 6 month and receive a surrender value. We will pay discretionary surrender value based on our experience. However, after completion of 3 years there will be a guaranteed surrender value of 50% of premium paid. In addition to the guaranteed surrender value, we may pay additional discretionary surrender value based on our experience. Contract ends on the payment of the same
Currently Section 80C benefit is available for the premium paid under the plan to the extent of 20% of the Sum Assured. In the event of a death claim the money paid is exempt as per Section 10(10D), of the Income Tax Act 1961

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HDFC SL New Money Back Plan | Features | Advantage

bhavana — Mon, 06 Dec 2010 09:59:32 +0000

Being self reliant is a nice feeling. It’s comforting to be assured that you have necessary funds to live a fulfilling life. With HDFC SL New Money Back Plan, you will get regular cash back at periodic intervals, so that you can fulfill your dreams & aspirations. This plan also offers the financial protection to your loved ones when they need it the most, enabling you to live life with peace of mind.

Features –

Bonuses –

This insurance plan receives simple Reversionary bonuses, which are usually added annually. At the end of the term, an additional terminal bonus may be paid depending on performance of underlying investment.

Term –

You can choose a term of 12, 16, 20 or 24 years.

Age Limits –

Minimum age entry is 14 years, maximum age entry 53 years and maximum maturity age is 65 years.

High Sum Assured Discount –

A discount on basic premium for policies with sum assured equal and above Rs-5 lakhs

Money back payout & Maturity benefits –

You get proportion of basic sum assured as cash lump sums at regular 4 years intervals with the policy term and on maturity, you receive the balance proportion due at that point of time along with attaching bonuses for full sum assured calculated for the full policy term.

Choose You Saving Target –

This plan gives you the flexibility to structure an ideal plan depending on your short term and long term goals by letting you choose the amount of targeted saving and the policy term.

Advantages

Money Back on completion of every 4 years, you would get a percentage of your sum assured as cash payout. The payout will be as defined below.

Policy Terms (Yrs.)	Survival Benefit as a % of Sum Assured (Money Back Payout)
Policy Terms (Yrs.)	4^th yr	8^th yr	12^th yr	16^th yr	20^th yr	24^th yr
12	25%	25%	50% + attaching bonus	-	-	-
16	25%	25%	25%	25% + attaching bonus	-	-
20	20%	20%	20%	20%	20% + attaching bonus	-
24	15%	15%	15%	15%	15%	25% + attaching bonus

Provides valuable protection to your family by way of lump sum payment i.e. Sum Assured plus attaching bonsues, in case of unfortunate demise within policy term, over and above any earlier payouts.
You can choose to pay your premium as either Annually, Half-Yearly, Monthly or Quarterly depending on your convenience. You also have a range of convenient auto premium payment options
Tax benefits under sections 80C and 10(10D) of Income Tax Act, 1961

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HDFC SL ProGrowth Maximiser | Features | Advantage

bhavana — Mon, 06 Dec 2010 09:06:20 +0000

You know that there are no guarantees in life, but when it comes to your loved ones you don’t want to take any chances. You need an assurance that if something happens to you, your loved one’s happiness and dreams are not hampered.
With our HDFC SL ProGrowth Maximiser, you get the valuable life insurance cover along with the choice of investing in any one of 3 different Investment Options. This plan strives to maximize your returns so that ensuring the best for your loved ones is easy.

Features –

Term Limits –

The term of policy is 10 years.

Age Limits –

The minimum age at entry for life option is 14 years and maximum entry age is 65 years. Maximum age at maturity is 75 years.

Choice of Investment Option -

You can invest in any of the following investment option (s): (a) Highest NAV Guarantee Fund (b) Capital Guarantee Fund (C) Free asset allocation.

Level of protection –

You can choose any sum assured multiple between 1.25x single premium or 5x single premium.

Premiums –

Minimum single premium is Rs.50, 000 and there is no limit on maximum premium. You can invest additionally by single premium top ups.

Advantages

Choose Investment options as per your need: You can invest into any of the 3 investment option designed to meet different investment and return needs.
- Highest NAV Guarantee Fund – offers the Guaranteed NAV applicable at maturity of your policy will be the higher of Rs. 15 or the highest NAV recorded daily during the first 7 years from the launch of the Highest NAV Guarantee Fund.
- Capital Guarantee Fund – This fund guarantees that the Unit Price on maturity of the policy will be at least equal to the Unit Price that was used to allocate units to the single premium invested by you at inception of the policy.
- Free Asset Allocation – This option enables you to invest in any of the 5 non guaranteed fund(s) available under this option. You can make your own investment strategy by switching between the funds as desired.
Invest additional single premium top- ups as per your convenience anytime.
On unfortunate death of the life assured,greater of the Fund value or Sum Assured (less withdrawals as mentioned in sales aid) will be payable to the nominee.
On maturity, you will receive the fund value as per investment option selected.
This plan can be taken by filling Short Medical Questionnaire, which may not require you to go for medicals.

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HDFC SL ProGrowth Super II | Features | Advantage

bhavana — Mon, 06 Dec 2010 07:47:48 +0000

You will settle for nothing but the best. Be it for self or for your loved ones. With HDFC SL ProGrowth Super II, you have a smart savings-cum-insurance plan that will help you naturally provide the finest for your family, be it today or tomorrow

Features –

Term Limits –

You can select term of 10, 15 to 30years.

Age Limits –

The minimum age entry at for life option is 14 years and maximum entry age is 65 years. Maximum age at maturity is 75 years.

Choice of fund –

You can invest in any of the following fund (s) (a) Short term fund (b) Income fund (c) balanced fund (d) Blue chip fund (e) Opportunities fund.

Level of protection –

You can choose any sum assured multiple between 10x annual premium to 40x annual premium.

Regular Annual Premium –

Minimum Premium is Rs-15,000 and there is no limit on maximum premiums. Premiums are to be paid annually only.

Advantages

You can choose any of the following 8 plan options as per your requirement.
- Life Option = Death Benefit
- Extra Life Option = Death Benefit + Accidental Death Benefit
- Life & Health Option = Death Benefit + Critical Illness Benefit
- Extra Life & Health Option = Death Benefit + Critical Illness Benefit + Accidental Death Benefit
- Life & Disability Option = Death Benefit + Accidental Total & Permanent Disability Benefit
- Extra Life & Disability Option = Death Benefit + Accidental Death Benefit + Accidental Total & Permanent Disability Benefit
- Life & Health & Disability Option = Death Benefit + Critical Illness + Accidental Total & Permanent Disability Benefit
- Extra Life & Health & Disability Option = Death Benefit + Accidental Death Benefit+ Critical Illness + Accidental Total & Permanent Disability Benefit
This plan provides valuable protection to your family in case you are not around. In case of your unfortunate demise throughout the policy term, we will pay the Sum Assured and your total fund value to your family.
This plan can be taken by filling Short Medical Questionnaire, which may not require you to go for medicals.
You can change your investment fund choices in two ways:
- Switching: You can move your accumulated funds from one fund to another anytime
- Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need
Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961

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