HDFC Life Super Income Plan

 HDFC Life Super Income Plan

HDFC Life Super Income Plan is a participating regular income plan with guaranteed benefits plus bonuses. This 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 Plan has been awarded as the 'Best Product Innovation' at the Indian Insurance Awards, 2014.

Rated 
4.47
/5 (
1790
 Votes)
Kindly provide your ratings for the insurance planKindly provide your ratings for the insurance planKindly provide your ratings for the insurance planKindly provide your ratings for the insurance planKindly provide your ratings for the insurance plan

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 fulfill your dreams uninterrupted.

  • Enjoy Regular income for a payout period of 8 to 15 years.
    1. Your Regular Income comprises of Guaranteed Base Income (GBI) payouts, varying from 8.0% to 12.5% of the Sum Assured on Maturity, payable every year.
      1. At the end of policy term you get a Maturity payout , aggregate of accrued bonuses and the last guaranteed payout
        1. Your Regular Income and Maturity Benefit will be Tax Free under Sec 10(10D) of Income Tax Act, 1961.
          1. Get Tax Benefit on premiums paid under Sec 80C of Income Tax Act, 1961.
            1. Choice of Plan options with various combinations of premium payment and policy term to meet your income goals.
              1. The flexibility to choose the premium payment frequency i.e. monthly/quarterly/half-yearly/annual.

                Buy HDFC Life Super Income Online >>

                • Limited premium paying term of 8, 10 or 12 years
                  1. Guaranteed Income every year for a period of 8, 10, 12 or 15 years.
                    1. Financial Protection against untimely demise, throughout the premium payment term as well as the payout period
                      1. 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.
                        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.

                        View this interactive video for more information on Savings Plan.