HDFC SL Super Savings Plan

HDFC SL Super Savings Plan is a traditional Endowment plan with bonus facility which provides a substantial corpus for future use and also provides life insurance coverage.

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  • Save Upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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HDFC SL Super Savings - Key Features

  • It’s a participating endowment plan with regular premium payment option
  • Simple reversionary bonus, Interim Bonus and Terminal Bonus increase the corpus. 

HDFC SL Super Savings - Benefits

  • On maturity, the Sum Assured and accrued bonuses is paid to policy owner including Terminal Bonus, if any.
  • If the insured dies then higher of the sum assured or ten times the annual premium or 105% of the total paid premium is payable + accrued reversionary bonuses and Terminal Bonus is also payable if any.
  • Additional sum assured is paid in case of Accidental Death
  • The insured can avail tax deduction on the premium paid and the claim made according sections of Income Tax Act i.e.80C and 10(10D).   

HDFC SL Super Savings - Product Specification




Entry Age (Last Birthday)

30 days

60 years

Maturity Age (Last Birthday)

18 years

75 years

Policy Term (PT) in years



Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium


No limit

Sum Assured


No limit


Details About Premium

Annual premium in Rupees for a SA of 2 lakh

Age / Term

15 years

20 years

30 years

35 years




40 years




45 years




HDFC SL Super Savings - Policy Details

Grace Period: If the insured fails to pay premiums on time then a grace period of 15 days if provided by the insurer, under which they can un-due the premiums. The policy lapses in case the insured fails to clear all the dues during this period. 

Policy Termination or Surrender Benefit: After three complete years the insured can surrender the policy if he/she has thoroughly paid the premiums. The sum amount provided as surrender benefit will be higher of the special surrender or the guaranteed surrender value.

GSV = GSV Factor X cumulative annual premiums paid including the GSV of vested bonuses

Free Look Period: 15 days free look period is provided by the insurance company to the insured. In this free look period the owner of the policy can go for cancellation of the policy if he/she is dissatisfied with the policy terms and conditions.

Additional Features or Riders

    There is an inbuilt Accidental Benefit Rider


The policy owner has an option of loan availability if it does not exceed 80% of the total surrender value.


  • 80% of the paid premiums are returned to the beneficiary, if the insured commits suicide within 12 months of policy issuing date. In case of suicide within 12 months of the policy renewal, surrender benefit or 80% of the premium paid whichever is higher is paid to the beneficiary.
  • The accidental benefit will not be paid if accident is caused by self-inflicted injury, alcohol abuse, participating in hazardous activities, war, aviation or acts of criminal nature.

Documents Required

The documents required to avail the policy are-

  • KYC Documents
  • Address Proof
  • Medical History
  • In some cases medical test can be required based on the age of the customer. 

You may also like to read: HDFC Life Investment Plans

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