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.
|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
30 days |
60 years |
|
Maturity Age (Last Birthday) |
18 years |
75 years |
|
Policy Term (PT) in years |
15 |
30 |
|
Premium Paying Term (PPT) in years |
Equal to policy term |
|
|
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
|
Yearly Premium |
24,000 |
No limit |
|
Sum Assured |
245,145 |
No limit |
Annual premium in Rupees for a SA of 2 lakh
|
Age / Term |
15 years |
20 years |
30 years |
|
35 years |
15,226 |
11,626 |
8118 |
|
40 years |
15,424 |
11,864 |
8444 |
|
45 years |
15,750 |
12,246 |
8976 |
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
Inclusions
The policy owner has an option of loan availability if it does not exceed 80% of the total surrender value.
Exclusions
Documents Required
The documents required to avail the policy are-
You may also like to read: HDFC Life Investment Plans
Frequently Asked Questions
1. How Beneficial is DFC SL Super Savings Plan?
The benefits offered by HDFC SL Super Savings Plan are-
2. What is included and excluded in policy coverage?
The inclusions and exclusion comes under the policy are-
Inclusions
The policy owner has an option of loan availability if it does not exceed 80% of the total surrender value.
Exclusions
3. What are the surrender benefits offered by the policy?
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.
4. In order to fill the application forms what documents are required?
The documents required to avail the policy are-
5. What is 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.
6. What is a 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.
7. What are the add-on benefits offered by the policy?
Add-on benefit as accidental death benefit rider is offered by the policy, under which in case of accidental death of the insured a sum assured amount along with accidental death benefit is paid to the beneficiary of the policy. The insured can avail this rider along with the basic coverage by paying some extra premium along with the basic premium amount.
