HDFC Life Super Income Plan – One of HDFC’s most popular life insurance products is the HDFC Life Super Income Plan. It is a life insurance plan with guaranteed regular income that participates and has a term of 8 to 15 years. If you want to protect yourself and your loved ones from future financial instability, this plan is a must-have. This is a cash back strategy and gives alluring reward, aside from offering ensured ordinary pay.
Access to the HDFC Life Super Income Plan 2024 is now open! If you are an employee with at least 7 years of continuous service with HDFC Bank, you can now apply and secure a corpus of up to Rs 1 crore within 60 days. This plan is ideal for employees who want to secure their financial future in case of an unfortunate event. You can also lock in your investment now and take advantage of the current low interest rates. Click here to apply now!
HDFC Life Super Income Plan 2024
HDFC Life Super Income has provided customers with a variety of life insurance options ever since its inception. The business has a good reputation in the market and has 390 branches, over 300 multi-tie distribution partners, and 39 non-traditional financial partnerships throughout India. HDFC Super Income Plan Life and Re Company Limited, a wholly owned subsidiary established in the United Arab Emirates in 2016, marked the company’s entry into the reinsurance industry .The life insurance products that the company offers in the Indian insurance market are all listed below.
Welcome to the HDFC Life Super Income Plan 2024! This plan is designed to help you build a solid financial foundation for the future. With this plan, you’ll be able to enjoy a comfortable retirement while also providing for your family. And because it’s an HDFC Life plan, you can be sure that the coverage and features are top-notch. So why wait? Get started today and see just how much money you can save!
IndiaFirst Life Insurance Premium Calculator Plan India 2022 Details
| Name Of Article | HDFC Life Super Income Plan 2024 |
| HDFC Life Super Income Plan 2024 | Click Here |
| Category | Insurance |
| Official Website | Click Also |
About HDFC Life Super Income Plan
The HDFC Life Super Income Plan is a bonus facility endowment. The premium for this plan can be paid for 8, 10, or 12 years. After the Premium Paying Term is over, the Regular Income is paid for 8, 10, 12, or 15 years. The annual payment of the Guaranteed Regular Income ranges from 8 to 12.5% of the Sum Assured on Maturity. As a result, the sum of the Guaranteed Base Income and Bonus that would be due at maturity would range from 100 to 120 percent.
HDFC Life Super Income Plan
If you’re looking for a high yield investment option that’s also backed by financial stability, look no further than the HDFC Life Super Income Plan. This retirement plan offers stable returns and protection against inflation, making it a great option for those who are planning on retiring soon. Plus, you can take advantage of the plan’s customizable features to make sure you’re getting the most out of your investment. So if you’re interested in getting a guaranteed return and peace of mind when it comes to your retirement funds, the HDFC Life Super Income Plan is worth considering.
This is a money-back policy that pays you during the term of the policy. The plan has the following features:
- There are six income pay-out options to choose from Limited premiums are paid under the policy,
- regular incomes are paid for the chosen pay-out period.
- You can get up to 120 percent of the sum assured by choosing a longer pay-out term.
- Higher sum assured levels get discounts.
Eligibility conditions of HDFC Life Super Income
Entry age | 30 days to 59 years |
Plan duration | 16, 18, 20, 22 or 24 years |
Sum assured | INR 128,337 onwards |
Premium amount | Minimum – INR 24,000/annually Maximum – no limit |
Also Read-Shriram Group Term Life Insurance Plan
Key Features of HDFC Life Super Income Plan
If you’re looking for a long-term financial solution, look no further than the HDFC Life Super Income Plan. This plan provides you with consistent and reliable income over a period of 40 years, which is ideal if you’re looking to build a retirement fund or secure your financial future. Plus, the plan is easy to access and doesn’t require any investment expertise. In this article, we’ll provide you with key features of the HDFC Life Super Income Plan, so that you can make an informed decision about whether it’s the right plan for you.
The following are the most significant aspects of HDFC Life Super Income:
| Plan type | Participating regular income plan. |
| Plan basis | Individual |
| Premium paying terms | 8, 10 and 12 years. |
| Policy term | 16, 18, 20, 22, 24, 27 years. |
| Maturity benefits | 220% to 325% of sum assured. |
| Premium payment frequency | Monthly, quarterly, half-yearly and annually |
| Guaranteed Base Income per year | 8% or 12.5 % of sum assured. |
| Free-look period |
|
| Grace period |
|
| Policy revival | The policy can revived within the policy revival time. |
| Nomination | Nomination is accepted under this policy. |
| Sum Assured | Minimum: Rs. 128,337. Maximum: There is no limit. |
| Policy coverage | Death benefits and maturity benefits. |
| Bonuses | Accrued revisionary bonus and terminal bonus. |
| Premium alteration | The frequency of premium payments can be changed. |
Benefits/Advantages of HDFC Life Super Income Plan
Listed below are the major benefits offered by the HDFC Super Income Plan
Tax benefits:
Under section 80C of the Tax of India, 1961, policyholders can deduct the HDFC Super Plan premiums from their taxable income. Under section 10(10D) of the same act, benefits received as regular income and maturity benefits will also be exempt from tax.
Death benefits:
If the life insured passes away during the policy’s term, the nominee is entitled to death benefits. It provides one of the following benefits upon death: basic amount assured, plus any revisionary bonuses, terminal bonuses, and interim bonuses (if any) that have been accrued, or 105% of the total premiums paid until death.
Policy loan:
If the policy has surrender value, the policyholder can get a loan against the Super Income Plan. A loan of up to 80% of the surrender value is available to them.
Surrender benefits:
If the policy is kept for a certain amount of time, surrender benefits are also available. On the off chance that your strategy term is 8 years and the approach is counted for 2 complete years, it will get ensured give up esteem which is the all out of a % of all out premium paid and gathered rewards.
Guaranteed base income:
The plan provides a guaranteed base income each year, ranging from 8% to 12.5% of the basic amount insured. The plan’s total guaranteed base income at maturity ranges from 100 percent to 120 percent of the amount assured.
Bonuses:
If applicable, the HDFC Super Income Plan provides revisionary and terminal bonuses. At the conclusion of each financial year, the revisionary bonus is made public. At the conclusion of the policy term, the terminal bonus is paid in one lump sum.
The policy also offers rebate on high sum assured.
- You can expect regular payments for eight to fifteen years.
- There are many options available under the policy.
- Depending on your convenience, you can select the policy term and frequency of premium payments.
Related Posts-
Max Term Insurance for Coronavirus Plan