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HDFC Life Insurance Sampoorn Nivesh plan | hdfc life sampoorn nivesh plan | sampoorn nivesh plan
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HDFC Term Insurance
HDFC Life Smart Term Edge
HDFC Life SmartTerm Edge is a special protection plan that comes with ...Read More
🛡️ IRDAI Approved
⭐ 4.6/5 · 932 reviews
📊 1.94 solvency ratio
✅ 99.68%% claim settlement ratio
🌐 450++ pan-India
About HDFC Life Smart Term Edge
A quick read on what this HDFC Term Insurance term plan covers and why it might be a fit for you.
HDFC Life Smart Term Edge is a comprehensive protection plan offering multiple options and features at reasonable premiums. The plan provides you with complete protection up to the age of 75 years. It offers 3 plan options as per your protection needs. You can choose from any options: Classic, Step-Up, and Comprehensive. The policy provides a return of premium of 150% upon maturity, ensuring that you are making a smart investment for your future. The plan even offers enhanced coverage through additional riders.
HDFC Life Smart Term Edge Plan offers you a range of benefits including:
- Return of Premium
- Choice of Plan Options
- Multiple Premium Paying Term
- Tax Benefits
- Affordable Premiums
- Additional Rider Benefits
Eligibility Criteria for HDFC Life Smart Term Edge
Entry age
Minimum Age - 18 years Maximum Age - 60 years
Maturity age
Maximum Maturity Age - 75 years
Policy term
Minimum term - 12 years Maximum term - 30 years
Sum assured
Basic Sum Assured: Rs. 25 Lakhs to no limit
Policy loan
The policy loan is not available under HDFC Life Smart Term Edge Plan.
Payment Modes
Yearly, half-yearly & monthly
Pros & cons
A quick honest summary — the strengths and the trade-offs.
Pros
- 3 Premium Payment Modes
- Option to Increase Death Benefit
- 3 Premium Payment Modes
Cons
- No Suicide Cover
- No Policy Loans
- No Pre-existing Conditions
Video reviews
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
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Who can buy this plan
Eligibility criteria pulled straight from the policy wording.
Entry Age - 18 Years
Max Entry Age - 60 years
Minimum Sum Assured - 5 Lakhs
Maximum Maturity Age- 75 years
Premium Payment Term - 12 to 30 Years
How Does HDFC Life Smart Term Edge Plan Work?
Let's understand how the HDFC Life Smart Term Edge Plan works with a simple premium illustration.
Problem
Mr. Suresh is a 30-year-old non-smoker earning 10 lakhs annually and looking for a simple term plan that provides a return of premium option.
Solution
His financial advisor advised him to buy the HDFC Life Smart Term Edge Plan Work. He visited PolicyX.com.
Let's understand how the HDFC Life Smart Term Edge Plan works for him with a premium illustration table.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹752/month | ₹9,024/year | 30 years | ₹2,70,720 | ₹50 Lakhs |
Key Takeaways: If Mr. Suresh dies during the policy tenure, his family will receive ₹50 Lakhs as a death benefit from the insurer.
Riders Associated with HDFC Life Smart Term Edge Plan
You can add the following riders to your HDFC Life Smart Term Edge Plan:
HDFC Life Critical Illness Rider
A lump sum amount is offered in case the policyholder is diagnosed with any of the 19 critical illnesses .
HDFC Life Accidental Death, Disability and Dismemberment Rider
Get an extra payout on top of the base cover in case of accidental death, dismemberment and total and permanent disability.
Features of HDFC Life Smart Term Edge
Key features that make HDFC Life Smart Term Edge stand out.
Enhanced Protection
HDFC Life Smart Term Edge is designed to offer enhanced protection through a combination of flexible policy options and additional riders.
Multiple Plan Options
The plan offers three distinct options to fulfill the different needs and preferences of the policyholder.
Return Of Premium
In this feature, ensures that a significant portion of the premiums is returned to you, as the plan offers a return of a premium of 150%. This makes the plan financially rewarding.
Lump Sum Death Benefit
Death benefit shall be paid as a lump sum on the unfortunate death of the life assured during the policy termination
Benefits of HDFC Life Smart Term Edge
Here are the key benefits of the HDFC Life Smart Term Edge.
Surrender Value
You can surrender the policy and receive a surrender value that is higher than the Guaranteed Surender Value or Special Surrender Value.
Reduced Paid-UpBenefit
In case of an unfortunate demise during the policy terms, the Reduced Paid Up Benefit will ensure that your loved ones receive the payout.
Tax Benefit
HDFC Life Smart Term Edge Plan offers a tax rebate of up to 1.5 lac, under section 80C of the Income Tax Act 1961, for the premium paid under the same financial year.
Free LookPeriod
You have a free look period in which you can revise the policy and if you find yourself unsatisfied, return the policy within 30 days for a refund.
Revival Option
In case the policy lapses due to non-payment of the premiums, you have the option to revive the policy within a specified period of 5 years by paying the due premiums.
Exclusions of HDFC Smart Term Edge Plan
Here is the list of exclusions associated with the plan:
- Death occurred due to a pandemic is not covered by the company.
- Death caused due to any type of adventure sports.
- Death by consumption of any type of drugs and alcohol.
- Death due to any pre-existing disease that isn't mentioned during the start of the policy.
- If a policyholder commits suicide within first 12 months of purchasing the policy, then no death benefits are paid to their nominee.
Conclusion
HDFC Smart Term Edge is one of the top term insurance plan that allows you to stay protected with a life cover till 70 years. Additionally, the option for reduced paid-up benefits ensures that policyholders can receive the benefits even if premiums are not paid. If you have doubts or queries regarding the HDFC Term Insurance with Return of Premium plan, you can contact us through the website policyx.com or at 1800-4200-269.
Conclusion
HDFC Smart Term Edge is one of the top term insurance plan that allows you to stay protected with a
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HDFC Life Smart Term Edge: FAQs
The 3 most-asked questions about HDFC Life Smart Term Edge, answered.
The Grace period of the plan is 15 days.
The plan has 3 options here are the minimum sum assured for all variants: Classic: 5 Lakh Step-Up: 10 Lakh Comprehensive: 10 Lakh There is no maximum sum assured for the plan.
The waiting period for suicide on the HDFC Smart Edge Plan is 12 months.
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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