HDFC LIFE Sampoorn Nivesh Plus: A Unit Linked Non-Participating Individual Life Insurance Savings Plan: HDFC Life means Sar utha ke jiyo.

 

HDFC LIFE Sampoorn Nivesh Plus: A Unit Linked Non-Participating Individual Life Insurance Savings Plan. This unique insurance and investment plan is designed to help you actively manage your investments, meet changing financial goals, and provide financial protection for your family. It offers multiple fund options for optimized investment and a range of benefit options for your protection needs.

HDFC LIFE Sampoorn Nivesh Plus: A Unit Linked Non-Participating Individual Life Insurance Savings Plan: KEY FEATURES: Secure your family's future with Life Cover and optional Accidental Death Benefit (Extra Life Option). Includes Enhanced Waiver of Premium + Income Benefit and Loyalty Additions (after 10 years) to boost fund value. Flexible Investment: Choose from 10 Fund Options and customize your premium payment (Single, Limited, Regular) and investment term (10-35 years for Single Pay, or up to whole of life/age 85 for others). 5 Benefit Options available to suit needs. Reduced Premium Allocation Charge for higher premiums (₹1 lakh+ for Limited/Regular Pay; ₹10 lakhs+ for Single Pay). Available with limited underwriting/Short Medical Questionnaire (SMQ) if conditions are met; otherwise, full underwriting applies.

5 BENEFIT OPTIONS: Select one of 5 options at inception. The chosen option's benefit is paid to the nominee upon the Life Assured's unfortunate death during the policy term.
BENEFIT OPTION	DEATH BENEFIT
Classic Benefit  (Life Option)	Higher of Sum Assured OR Fund Value
Classic Benefit (Extra Life Option)	Higher of (Sum Assured OR Fund Value) PLUS Accidental Death Benefit
Classic Plus Benefit	Sum Assured AND Fund Value
Classic Waiver Benefit	Sum Assured PLUS Waiver of the amount equal to the modal premiums
Classic Waiver Plus Benefit	Sum Assured PLUS Waiver of the amount equal to the modal premiums PLUS Income Benefit.
For more details, please refer to the official website www.hdfclife.com

Eligibility criteria:

Check the data below for age eligibility. You can customize your premium, payment term, policy term, and coverage within the specified limits.

Premiums: Minimum: Single/Annual: Rs. 12,000; Half-yearly: Rs 6,000; Quarterly: Rs 3,000; Monthly: Rs 1,000. Maximum: No limit, as per our Board-approved Underwriting Policy.

HDFC LIFE Sampoorn Nivesh Plus: Sum Assured Details: Single Premium: Age < 50: Minimum Sum Assured (SA) is 1.25x Single Premium (SP) or Top-up premium. Age ≥ 50: Minimum SA is 1.10x SP or Top-up premium. Regular & Limited Premium: Classic Waiver Plus: Age 18–49: 7x Annualized Premium (AP). Age 50: 5x AP. Other Options: Age < 50: 7x AP. Age ≥ 50: 5x AP. Top-up premium is a voluntary extra payment treated as a single premium. Maximum SA: No fixed limit, but acceptance depends on the Board Approved Underwriting Policy (BAUP).

Policy Term: Fixed Term: 10–35 years for Single Pay (max. 85 minus Age at Entry); Limited/Regular Pay subject to Maximum Age at Maturity. Whole of Life Option (Classic/Classic Plus): 99 minus Age at Entry.

Premium Payment Term: Single Limited: 5 to (Policy Term - 1) years Regular.

Age at Entry:

Benefit Option (Min. Entry Age): Classic (Life): 0 years (30 days)* Classic (Extra Life): 18 years Classic Plus: 0 years (30 days)* Classic Waiver: 18 years Classic Waiver Plus: 18 years.

Maximum Entry Ages by Benefit Option and Pay Type: Classic Benefit (Life Option): 56 (5 pay), 65 (other). Classic Benefit (Extra Life Option): 53 (5 pay), 58 (other). Classic Plus Benefit: 48 (5 pay), 50 (other). Classic Waiver Benefit: 49 (5-pay), 52 (other). Classic Waiver Plus Benefit: 50.

If the Life Assured is 17 or younger, the life cover starts either immediately or up to 2 years after policy commencement, or on the Policy Anniversary after reaching majority, whichever is earlier. Under the delayed start option (b), no mortality charge applies until the Risk Commencement Date. Before the Risk Commencement Date, the death benefit is the fund value. On or after the Risk Commencement Date, the death benefit is determined by the chosen plan option.

Minimum Age at Maturity (Fixed Term): Classic Benefit (Life/Classic Plus): 18 years. Classic Benefit (Extra Life/Classic Waiver/Classic Waiver Plus): 28 years.

Maximum Age at Maturity for fixed term: Classic (Life Option): 85 years (both 5-pay and other). Classic (Extra Life Option): 63 years (5-pay); 68 years (other). Classic Plus: 58 years (5-pay); 60 years (other). Classic Waiver: 69 years (5-pay); 85 years (other). Classic Waiver Plus: 80 years (both 5-pay and other).

Age at Maturity: b) Whole of Life Option (Classic Benefit and Classic Plus): 99 years. Accidental Death Benefit (Extra Life Option): Covers up to 75 years of age. Age is past birthday.

HOW WILL THIS PLAN WORK? You initially select the Sum Assured, Premium, Policy Term, Premium Payment Term, Benefit Option, and Investment Fund(s) & Portfolio Strategy. Your premium, less allocation charges, is invested in the fund(s) you specified. At the end of the term, you receive the accumulated fund value and benefits according to your chosen Option. For more details, please visit the official website www.hdfclife.com

MORE DETAILS ON YOUR BENEFITS: A. Maturity Benefit: At policy maturity (end of term), all risk cover ceases. You receive the fund value by redeeming units at the prevailing price. You can also take the fund value in instalments. See www.hdfclife.com for details. B. Death Benefit (Classic Benefit):   Upon the Life Assured's death, the nominee receives the highest of:   - Sum Assured (less partial withdrawals in the two years before death, excluding top-ups) plus Top-up Sum Assured   - Fund Value.   - 105% of total premiums paid.   For a reduced paid-up policy, the death benefit is the highest of:   - Paid-up Sum Assured (less specified partial withdrawals) plus Top-up Sum Assured   - Fund Value   - 105% of total premiums paid. The policy then terminates. Example: Mr. Kumar (30, Classic Benefit, 40-year term, 10-year premium payment, INR 1,00,000 annual premium, INR 20,00,000 cover). Maturity: Receives INR 87,13,442 (8% p.a. assumed return) or INR 18,12,776 (4% p.a. assumed return). Total Premiums Paid: INR 10,00,000. Death: Nominee receives the higher of INR 20,00,000 or Fund Value. The policy terminates. Note: 4% and 8% p.a. returns are illustrative only and not guaranteed.

**Accidental Death Benefit:** The Classic Benefit Extra Life Option includes an Accidental Death Benefit (ADB). If death occurs due to an accident within 180 days, an additional sum assured is paid alongside the standard death benefit. Accidental Death is defined as death from a bodily injury caused by a sudden, unforeseen event, independent of other causes. For a premium-paying or fully paid-up policy, ADB equals the Sum Assured plus any Top-up Sum Assured, in addition to the basic Death Benefit. For a reduced paid-up policy, ADB is the Paid-up Sum Assured plus any Top-up Sum Assured, added to the basic Death Benefit. Example: Mr. Kumar, 30, chose the Classic Benefit (Extra Life Option) for INR 20,00,000 cover (annual premium INR 1,00,000 for 10 years, 30-year term). If he survives maturity, he receives INR 43,45,970 (at 8% p.a. return) or INR 13,94,698 (at 4% p.a. return). If he dies in an accident within 180 days, his nominee receives the higher of INR 20,00,000 or Fund Value, plus an additional Accidental Benefit of INR 20,00,000. The policy then terminates. Total Premiums Paid: INR 10,00,000. Note: The 4% and 8% returns are illustrative only and not guaranteed. This illustration is for a healthy male.

2. **Classic Plus Benefit:** Upon the Life Assured's death, the nominee receives the higher of: - Sum Assured (plus Top-up) + Fund Value - 105% of total premiums paid For reduced paid-up policies, the benefit is the higher of: - Paid-up Sum Assured (plus Top-up) + Fund Value - 105% of total premiums paid. The policy then terminates. Example: Mr. Kumar (30) buys the Classic Plus Benefit for a 30-year term, paying an annual premium of INR 1,00,000 for 10 years (Total Premiums: INR 10,00,000), with a cover of INR 20,00,000. Survival: He receives a lump sum of INR 39,34,904 (at 8% p.a. assumed return) or INR 12,09,040 (at 4% p.a. assumed return). Death during term: His nominee receives INR 20,00,000 PLUS Fund Value, and the policy ends. Note: 8% and 4% returns are illustrative only and not guaranteed. Illustration is for a healthy male.

3. Classic Waiver Benefit: Upon the Life Assured's death, the nominee receives the higher of: - Sum Assured (plus Top-up)  - 105% of total premiums paid. Additionally, a modal premium is credited to the Fund Value on future premium due dates (after charges). For a reduced paid-up policy, the death benefit is the higher of: - Paid-up Sum Assured (plus Top-up)  - 105% of total premiums paid. A percentage of the original modal premium will also be credited to the Fund Value on future due dates (after charges).  (Note: Due dates and original modal premium refer to those of a premium-paying policy.) Example:  Mr. Kumar (30, 40-year term, 10-year premium payment, INR 20,00,000 cover, INR 1,00,000 annual premium) under this option: Maturity: Receives INR 67,99,752 (at 8% p.a. return) or INR 9,30,348 (at 4% p.a. return). Death: Nominee receives the highest of INR 20,00,000 or 105% of the total premiums paid, up to INR 10,00,000. Plus, INR 1,00,000 is credited to the Fund Value on every policy anniversary until the term ends (after charges). Note: 4% and 8% p.a. returns are illustrative, not guaranteed. Example for a healthy male.

4. **Classic Waiver Plus Benefit:** Not applicable for single pay policies. Upon the Life Assured's death, the nominee receives the higher of the Sum Assured (including any Top-up) or 105% of total premiums paid. Future premiums are credited to the Fund Value after charges are applied. A Family Income Benefit (X% of Sum Assured, excluding Top-ups) is paid monthly to the nominee until the end of the Policy Term or selected Income Term (2 to 20 years). X can be set between 0.5% and 2.0% at inception. For reduced paid-up policies, the Income Benefit is a percentage of the paid-up Sum Assured. The policy continues without risk cover, and the fund value is paid at maturity. Due dates and original modal premium refer to the amounts if the policy had been premium-paying. Example: Mr. Kumar, 30, buys this option for a 30-year term, a 10-year Premium Payment Term, a Sum Assured of INR 10,00,000, and an annual premium of INR 1,00,000, choosing a 1% Income Benefit for 10 years. Survival to Maturity: Receives a lump sum of INR 42,42,036 (8% return) or INR 15,25,603 (4% return). Death in 3rd Year: Nominee receives the higher of INR 10,00,000 or 105% of total premiums paid, plus INR 10,000 monthly until the end of the Income Term. Also, INR 1,00,000 is credited to the Fund Value annually until the policy term ends. (Total Premiums Paid: INR 10,00,000). Note: Returns (8% and 4%) are illustrative only.

Loyalty Additions Boost Fund Value: Loyalty additions (as a % of average fund value) are added every alternate year, starting with the 11th policy year, for both limited- and regular-premium policies. Loyalty Addition Percentages (Depend on Premium Term/Frequency): Premium Term Annual Mode Non-Annual Mode 5-6 years 1.8% 1.6% 7-9 years 1.2% 1.0% 10+ years 1.2% 1.0% Regular 1.2% 1.0% Single Premium Policies: 1.50% of average fund value, payable at the end of years 10 to 14. Average fund value is based on the preceding 12 policy months. Direct Marketing Channel Additional Loyalty Reward (on Maturity): Payable only if all due premiums are paid. Single-pay: 2% of the single premium. Other than single pay: 1.5% x Policy Term x Annualized Premium (e.g., 30% of Annualized Premium for a 20-year term). Credited to Fund Value after charges. The percentage is the ratio of premiums paid to premiums payable.

**NON-FORFEITURE BENEFITS:** The policy continues with maturity and death benefit payments, but other risk benefits cease. **A. Policy Discontinuance due to Unpaid Premiums:** A grace period of 15 days (monthly mode) or 30 days (other modes) keeps the policy active. **Discontinuance during Lock-in Period:** - **Non-Single Premium Policies:** After the grace period, if premiums are unpaid, the fund value (minus charges) shifts to the discontinued fund, with no risk cover. A three-year revival period is available. If the policyholder doesn’t revive, proceeds are paid after the later of the revival or lock-in period. The policy continues without cover if no action is taken. - **Single Premium Policies:** The policyholder can surrender during the lock-in. The fund value (less charges) is transferred to the discontinued fund, with proceeds paid at the end of the lock-in. **Discontinuance After Lock-in (Non-Single Premium):**   If the policy lapses, it becomes reduced paid-up, with the sum assured calculated based on paid premiums. The insurer will notify the policyholder of options to revive or withdraw from the policy within three months. **Discontinuance (Single Premium):**   The policyholder may surrender at any time, receiving the fund value at surrender. **Revival of Discontinued Policies:**   Policies can be revived within three years from the first unpaid premium by paying due premiums. During revival, risk cover and investments are restored, with all unpaid premiums collected, and previously deducted charges added back. In summary, the policyholder has options for revival and surrender based on the policy type and payment timeline.

CHOOSE YOUR INVESTMENT FUNDS:  This unit-linked plan's premiums are subject to capital market investment risks, meaning fund unit prices can fluctuate. You can actively manage your investments by choosing from 10 diverse funds, each with a unique asset allocation (equity or debt-based). You decide your allocation and can switch funds at any time to align with your risk appetite. More details are on the official website: www.hdfclife.com.

**Systematic Transfer Plan (STP):**   Invest in a Source Fund and transfer a fixed amount or percentage monthly to another Fund. Units are withdrawn from the Source Fund and allocated to the destination fund at applicable values. The minimum transfer is Rs. 5,000. STP will continue until you provide written notice to stop. It won't apply if the Source Fund value is less than the transfer amount. No additional charges apply for STP.

**FLEXIBILITIES:** A. **Switching:** Transfer funds or change portfolio strategies anytime. B. **Premium Redirection:** Redirect future premiums to different funds or split between strategies. C. **Partial Withdrawal:** Available after 5 policy years under these conditions: - Life Assured must be at least 18 (for child policies, only when the child turns 18). - Top-up premiums are locked for 5 years, except on complete surrender. - Withdrawals follow this order: Top-up fund first, then Base fund. - Must maintain the Minimum Fund Value of 150% of the Annualized Premium post-withdrawal. - Maximum withdrawals: 50% of Single Premium (single policies) or 300% of Annualized Premium (others). - Policy benefits remain unchanged post-withdrawal, and applicable taxes will be deducted. D. **Top-Up Premiums:** Extra voluntary payments allowed only if regular premiums are current. Top-ups cannot be withdrawn for 5 years, except on complete surrender, and are not allowed in the last 5 years of the contract. E. **Systematic Withdrawal Plan (SWP):** Allows for fixed withdrawals at set intervals after 5 anniversaries. Changes require notification before the policy anniversary. F **Settlement Option:** **On Maturity:** - Fund value can be taken in installments over up to 5 years, starting on the maturity date, with systematic redemptions if the value is ≥ Rs 1 Lakh. - Full fund value can be withdrawn anytime; switches allowed; no partial withdrawals. **On Death:** - Nominees can receive the Death Benefit in installments over up to 5 years, starting on the date of death. - Only the Fund Management Charge applies during the settlement. The full fund value can be withdrawn at any time, with no partial withdrawals.

CHARGES: Charges cover the cost of benefits and administration. Our overall charge structure aims to provide better long-term returns and value. For more details, visit www.hdfclife.com.

**Rider Options:** We offer optional Riders (subject to change) to enhance your protection: 1. **HDFC Life Income Benefit on Accidental Disability Rider - Linked:**      Pays 1% of the Rider Sum Assured monthly for 10 years in case of Accidental Total Permanent Disability. No maturity benefit. 2. **HDFC Life Protect Plus Rider - Linked:**      Provides benefits upon accidental death, partial/total disability, or cancer diagnosis, based on the chosen option. No maturity benefit. 3. **HDFC Life Health Plus Rider - Linked:**      Offers a lump sum for any of the 60 covered Critical Illnesses or a proportionate benefit for Early Stage/Major Cancer. 4. **HDFC Life Waiver of Premium Rider - Linked:**      Waives all premiums upon death, disability, or diagnosis of a critical illness of the Rider Life Assured, ensuring policy benefits continue. For full Rider details, see the Brochures on our website. This product has no rider charge.

TERMS & CONDITIONS: Examples: Investment Risk: Borne by the Policyholder. Liquidity/Withdrawal Restriction: Linked insurance products offer no liquidity for the first five years. The Policyholder cannot, in whole or in part, surrender or withdraw invested funds until the end of the fifth year. Recommendation: Read and understand the product brochure, benefit illustration, plan details, working, and risks before purchasing. Full details: Refer to the official website: www.hdfclife.com.

Important Notice/Disclaimer: The content provided here is a summary derived using AI tools from publicly accessible information, primarily from hdfclife.com. We strive for accuracy, but the author of this blog disclaims any responsibility for potential errors, inaccuracies, or omissions, and will not be held liable for any consequences arising from the use of this information. Before making any financial commitments, you are strongly encouraged to consult the official HDFC Life website at hdfclife.com for the complete and current terms and conditions.

A Note from the Author: I am Arvind Kumar, a certified Financial Consultant and Life Advisor with HDFC Life Insurance Company. Having successfully cleared the IC-38 examination, I am authorized by IRDAI regulations to provide expert advice, customize, and sell insurance policies. Securing an insurance policy is a crucial step that must be taken before a life-altering event occurs, not afterward. Effective insurance planning involves tailoring coverage to individual needs, encompassing survival, critical illness, and death benefits. I offer free consultation services to help you with your insurance needs. Contact Details: Phone/WhatsApp: 9899423601 or 9971797791 Email: apcsitbranju@gmail.com

HDFC Life's Unit-Linked Non-Participating Individual Life Insurance Savings Plan, Sampoorn Nivesh Plus, embodies its motto: "Sur utha ke jiyo." Good luck with this final push! I'm sending you my best wishes as we approach the finish line—let's ensure this stretch is successful!