HDFC Life Super Income Plan

HDFC Life Super Income Plan/ Guaranteed Income Plan

A non linked participating limited pay money back Life Insurance Plan
HDFC Life Super Income Plan has been awarded as the 'Best Product Innovation' at the Indian Insurance Awards, 2014.HDFC Life Super Income Plan is a participating regular money back policy plan in India with guaranteed benefits plus bonuses to best plan your investment needs. This money back 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.

Features
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 money back plan such that you can fulfill your dreams uninterrupted.

1. Enjoy regular income for period of 8 to 15 years after premium payment term under limited pay option
2. Enjoy regular income from 2nd policy year onwards till the end of policy term under single pay option.
3. Survival Benefits varying from 3.84% to 12.5% of Sum Assured on Maturity payable each year during payout period.
4. Boost your regular income at maturity with reversionary bonuses and terminal bonus, if any.
5. This money back policy is available with a Short Medical Questionnaire (SMQ) based underwriting
6. You can customize your coverage by opting HDFC Life Income Benefit on Accidental Disability Rider that offers monthly Income of 1% of rider Sum Assured in the event of Total Permanent Disability due to accident for a fixed period of 10 years.
7. The flexibility to choose the premium payment frequency i.e. monthly/quarterly/half-yearly/annual.
8. Get additional protection by opting for HDFC Life Critical Illness Plus Rider that provides Rider Sum Assured in case diagnosed with any of the 19 Critical Illnesses

1 A Terminal Bonus may be added to a policy and enables the company to pay a fair share of the surplus provided all due premiums are paid, based on the actual experience over the policy term and allowing for the reversionary bonuses already attached. As the Terminal bonus depends on the actual future experience it is not a guaranteed benefit.

Benefits
Benefits Available Under HDFC Life Super Income Plan - Money Back Policy in India

1. Limited premium paying term of 5, 8, 10 or 12 years or pay once under Single premium option
2. Guaranteed1 Income every year for a period of 8, 10, 12 or 15 years under limited pay option
3. Guaranteed1 Income from 2nd policy year onwards till the end of policy term under single pay option
4. Financial Protection against untimely demise, throughout the premium payment term as well as the payout period
5. You can opt for hassle-free issuance on the basis of a Short Medical Questionnaire eliminating tedious medical tests

1The Income will be received in the payout period and it will start once the premium paying term is over provided the policy in force and the life assured is alive

Subject to provisions, as per Income Tax Act 1961. Tax benefits are subject to changes in tax laws.