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:

  1. Limited payment endowment policy
  2. Guaranteed income stream for tenures of 8, 10, 12 or 15 years
  3. Total guaranteed base income of 100 to 120% of the Sum Assured + Bonus. This is payable at maturity
  4. The plan does not mandate medical tests for enrollment

Additional read – Whole life insurance 

Eligibility criteria for HDFC Life Super Income Plan

Minimum age at entry

2 years if policy term is 16 years

30 days if policy term is between 18 to 27 years

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.

Minimum age at maturity

18 years

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.