HDFC Life Super Income Plan is an endowment plan that comes with a bonus facility. The plan requires premium payments to be made in tenures of 8, 10 or 12 years. It pays a regular income for a period of 8, 10, 12 or 15 years post completion of the premium payment term. The guaranteed regular income is calculated at 8 to 12.5% of the total sum assured. It is paid each year upon maturity. Hence, the total guaranteed base income payable at maturity is 100 to 120% of the Sum Assured + Bonus.
Features of HDFC Life Super Income Plan
Here are the main features of this plan:
- Limited payment endowment policy
- Guaranteed income stream for tenures of 8, 10, 12 or 15 years
- Total guaranteed base income of 100 to 120% of the Sum Assured + Bonus. This is payable at maturity
- The plan does not mandate medical tests for enrollment
Additional read – Whole life insurance
Eligibility criteria for HDFC Life Super Income Plan
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Minimum age at entry |
2 years if policy term is 16 years 30 days if policy term is between 18 to 27 years |
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Maximum age at entry |
59 years if a policy term is 16 years. 57 years if a policy term is 18 years. 55 years if a policy term is 20 years. 51 years if a policy term is 24 years. 48 years if a policy term is 27 years. |
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Minimum age at maturity |
18 years |
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Maximum age at maturity |
75 years |
HDFC Life offers life insurance products that are accessible to all kinds of customers. With an excellent financial consultancy team, the insurance provider offers financial services and solutions across the country and internationally.