HDFC Life launches new plan 'Sampoorn Samridhi'

HDFC Life’s launches a new plan ‘Sampoorn Samridhi’, which offers benefits of both an Endowment Plan and a Whole Life Plan.

Salient features of HDFC Life’s Sampoorn Samridhi
1- Choice of Maturity Benefit Option
The customer can opt for either one of the below two maturity benefit options –
a- Encashed Cash Option – This gives enhanced maturity amount at the end of the policy term.
Encashed Cash Option = Sum Insured + Reversionary Bonus + any Interim bonus + any Terminal Bonus + Enhanced Terminal Bonus
b- Encashed Cover Option – This gives Maturity amount at the end of the policy term, in addition to the sum assured on death up to the age of 99 years.
Encashed Cover Option = Sum Insured + Reversionary Bonus + any Interim bonus + any Terminal Bonus + Additional Sum Insured on unfortunate death of the life assured upto the age of 99 years.
2- Special Discount
A special discount of 5% is available to customers opting for a Sum Assured of Rs 5 lakhs and above.
3- Revisionary Bonus
This plans also has a Revisionary Bonus, which is a percentage of the Sum Assured that is declared at the end of each year. This bonus is payable either on earlier death of the policyholder or on maturity. Terminal or Interim Bonus may also be added to the policy.
4- Tax benefits T
ax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.