Talk to our Experts
1800-12000-0055
Get a call back!! 
HDFC Life Super Savings Plan is a traditional participating life insurance plan which offers long term savings investment to provide a safety net for your loved ones. HDFC Life Super Savings Plan is a regular payment plan which allows an opportunity to participate in the profits of the company by way of bonuses to enhance your policy proceeds.The plan delivers financial defense against premature demise of the insured during the policy term.
Regular pay premium plan with guaranteed maturity proceeds
Flexibility to choose a policy term from 15 to 30 years
Get double sum assured in case of accidental death
Boost your benefits with reversionary & terminal bonus
Hassle-free issuance on the basis of a Short Medical Questionnaire
Buy plan online in a hassle free manner
EMI available for HDFC Bank Credit Card holders
Avail tax benefits as per existing tax laws
Death Benefit
The death benefit is payable if the life insured dies during the term of the policy. The benefits payable to the nominee will be sum assured on death plus accrued simple reversionary bonus plus interim bonus plus terminal bonus.Death sum assured is higher of:
Accidental Death Benefit
In the event of accidental death during the tenure of the policy( provided the life assured is aged 18 years & above on the date of death), an additional sum assured is payable apart from the death benefit mentioned above as per the policy terms and conditions.
Maturity Benefit
Maturity benefit is payable on the survival of the Life Assured till the completion of the policy term. Maturity benefit is payable as a lump sum which is equal to the sum assured plus accrued simple reversionary bonuses plus interim bonus plus terminal bonus, if any.
Bonus
The plan is eligible for the bonuses declared by the company.A simple Reversionary Bonus which is declared at the end of each financial year and is payable either on death or on maturity, whichever event happens first.A Terminal Bonus may be added to a policy which depends on the actual future experience it is not a guaranteed benefit.
Loan Benefit
Loan facility is available under this plan. The policyholder can avail loan up to 80% of the Surrender Value subject to applicable terms and conditions.
Surrender Value
Guaranteed surrender value (GSV) plus the surrender value of the bonuses, which is a percentage of accrued bonuses is payable if at least three full years premiums have been paid. The GSV shall be a percentage of total premiums paid.
Tax Benefit
The plan offers tax benefits under section 80C and section 10 (10D) of the Income Tax Act, 1961.
| Factor | Minimum | Maximum |
| Age (as on last birthday) | 30 Days | 60 Years |
| Age at Maturity | 18 Years | 75 Years |
| Policy Tenure | 15 Years | 30 Years |
| Premium Paying Term | Same as policy year | - |
| Premium Paying Mode | Annually,Semi Annually, Quarterly and Monthly | - |
| Sum Assured on Maturity | Rs 245,155 | No Limit (Subject to underwriting) |
| Premium | Annual : Rs 24,000, Semi Annual: Rs 12,000, Quarterly: Rs 6,000, Monthly: Rs 2,000 | No Limit |
| Freelook Period | 15 days/ 30 days (for distance marketing channel) from the receipt of the policy | - |
| Grace Period | 30 days & 15 days (for monthly mode) | - |
| Plan Type | Online | - |
No additional rider is available with this plan.
Let us understand the plan with the case study of Ramesh.
Name of Life insured: Ramesh
Occupation: Salaried Professional
Age of Life insured: 35 years
Family Structure: A wife (appointed as a nominee) and a 4 year old kid
Policy term: 20 years
Sum Assured: Rs 5 Lacs
Scenario 1: If Ramesh survives the policy term
Maturity benefit is payable as a lump sum which is equal to the sum assured of Rs 5 Lacs plus Sum Assured plus accrued simple reversionary bonuses plus interim bonus plus terminal bonus, if any.The policy terminates thereafter.
Scenario 2: If Ramesh dies during the policy term
The benefits payable to the nominee (Ramesh’s wife) will be sum assured on death (Rs 5 Lacs) plus accrued simple reversionary bonus plus interim bonus plus terminal bonus.
Death sum assured is higher of
Scenario 3: If Ramesh dies an Accidental Death during the policy term
In the event of an accidental death of Ramesh during the tenure of the policy, his wife (nominee) is eligible for the base sum assured of Rs 5 Lacs plus an additional sum assured of Rs 5 Lacs is payable as accidental death benefit as per the policy terms and conditions.The policy terminates thereafter.
Why Comparepolicy.com
Unbiased information on plans from varied insurance companies
Easy comparisons to choose the best insurance plan
No hidden costs, pay the same premium as offered by the insurer
Pre and post sales expert assistance for smooth online buying experience
Reliable, Accurate and Quick policy servicing
