The higher you reach,

the taller your family stands.

Add to your family’s pride by investing in a higher life with HDFC Life Sampoorn Nivesh.
Why HDFC Life Sampoorn Nivesh Plan is a must-have ULIP:

Reducing
Comprehensive Loyalty 8 Fund
Allocation
Plan Options Additions Options
Charges*

Sampoorn Nivesh
A Unit Linked Insurance Product with Life Insurance Coverage

*
On investing higher premium amount. Available for premium of 1 lakh & above for limited & regular premium payment options and 10 lakhs & above for single premium payment option.
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT Parameters Minimum Maximum
PORTFOLIO IS BORNE BY THE POLICYHOLDER. Premiums Single: `24,000 No limit5
Annual: `24,000
The Linked Insurance Products do not offer any liquidity during the first
Half-yearly:
five years of the contract. The policyholder will not be able to surrender/
`12,000
withdraw the monies invested in Linked Insurance Products completely
Quarterly:`6,000
or partially till the end of the fifth year.
Monthly: `2,000
You have certain financial goals for your family which may vary as you
Sum Assured Entry Age less 125% of 125% of
progress from one life stage to another. Therefore your investments also
– Single than 45 years Single Premium Single Premium
have to be actively managed to meet those goals and also ensure that
Premium
you are protecting your family financially. Entry Age equal to 110% of 110% of
45 years and above Single Premium Single Premium
WeunderstandthisandthereforearegladtoofferHDFCLifeSampoornNivesh,a
Sum Assured Entry Age less Higher of 10 x Higher of 10 x
unique insurance cum investment plan designed specifically with multiple fund
– Regular & than 45 years annualized annualized
optionssoastohelpyouoptimizeyourinvestment.Furthermore,italsoprovides Limited premium or 0.5 x premium or 0.5 x
youwithvariedbenefitoptionstomeetyourprotectionneeds. Premium policy term x policy term x
annualized annualized
Key features of HDFC Life Sampoorn Nivesh premium premium
n Flexibility to choose your investment term from 10 to 25 years1 Entry Age equal Higher of 7 x 10 x annualized
n Customize your premium payment options – Single, Limited or Regular to 45 years and annualized premium
n Choice of 3 Benefit Options to suit your financial requirements above premium or
n Option of Accidental Death Benefit 0.25 x policy term x
n Loyalty Additions to enhance your fund value after 10 years annualized premium
n Reducedpremiumallocationchargeoninvestinghigherpremiumamount2 Policy Term 10, 15 to 25 years
n Choose from a range of 8 fund options. This plan is available with limited
underwriting norms with a Short Medical Questionnaire (SMQ) if the Premium Payment Term Single
conditions are met. Otherwise, the plan will be offered through full Limited : 5, 7 and 10 years
underwriting. Regular: 10, 15 to 25 years
1
11 to 14 years terms are not available
2
Available for premium of 1 lakh & above for limited & regular premium payment options and 10 lakhs & 5
Subject to our Board Approved Underwriting Policy
above for single premium payment option If the policyholder opts for the monthly premium frequency, we may collect three months' premiums in advance
Choice of 3 Benefit Options: onthedateofcommencementofpolicy,asaprerequisitetoallowmonthlymodeofpremiumpayment.

You can opt for any of the 3 Benefit Options as mentioned below.
The benefit is paid to the nominee in case of unfortunate death Age at Entry
of Life Assured during the policy term. This option has to be Minimum Age at Entry
Benefit Option
chosen at inception only.
Classic Benefit (Life Option) 0 years (30 days)
Benefit Option Death Benefit3 Classic Benefit (Extra Life Option) 18 years
Classic Benefit (Life Option) Higher of Sum Assured OR Fund Value Classic Plus Benefit 0 years (30 days)
Classic Benefit Higher of (Sum Assured OR Fund Value) Classic Waiver Benefit 18 years
(Extra Life Option) PLUS Accidental Death Benefit Benefit Option Maximum Age at Entry
Classic Plus Benefit Sum Assured AND Fund Value 5 pay Other than 5 pay
Classic Waiver Benefit Sum Assured PLUS Waiver of amount Classic Benefit (Life Option) 54 years 60 years
4
equal to the modal premiums Classic Benefit (Extra Life Option) 53 years 58 years
3
Please see Death Benefit for further details. Classic Plus Benefit 48 years 50 years
4
Refers to modal premium of the policy had it been a premium paying policy
Classic Waiver Benefit 47 years 50 years
Check if you are eligibile for this plan For non-annual modes the applicable maximum entry age limit shall be
Please see the below table to check for your age eligibility to less than 2 years of the corresponding age limits for annual mode as
mentioned above
purchase this plan. You can choose your premium, premium
payment term, policy term and level of protection subject to the limits
mentioned below.
 Age at Maturity More details on your benefits

Benefit Option Minimum Age at Maturity A. Maturity Benefit

Classic Benefit (Life Option) 18 years Your policy matures at the end of the policy term you have chosen
Classic Benefit (Extra Life Option) 28 years and all your risk cover ceases. You may redeem your balance units
Classic Plus Benefit 18 years at the then prevailing unit price and take the fund value. You can also take
Classic Waiver Benefit 28 years your fund value at maturity in periodical instalments. Please refer to Terms
Benefit Option Maximum Age at Maturity and Conditions section for more details.
5 pay Other than 5 pay
Classic Benefit (Life Option) 64 years 70 years B. Death Benefit
Classic Benefit (Extra Life Option) 63 years 68 years 1. Classic Benefit
Classic Plus Benefit 58 years 60 years
In case of the Life Assured's unfortunate demise, we will pay the nominee the
Classic Waiver Benefit 57 years 60 years
highest of the following:
For non-annual modes the applicable maximum maturity age limit shall
n Sum Assured less all partial withdrawals (as defined below)
be less than 2 years of the corresponding age limits for annual mode as
mentioned above n Fund Value

All ages mentioned above are age last birthday n 105% of the premium(s) paid

We offer Loyalty Additions to boost your fund value: The partial withdrawals to be deducted from the death benefit shall be:
Loyalty Additions (as percentage of the average fund value)
n For death before attainment of age 60 - all partial withdrawals made
will be added to the fund value every alternate year starting
during the two year period immediately preceding the date of death of
from the end of 11th policy year for limited and regular premium
the Life Assured
payment policies. Percentage of Loyalty Additions will depend upon the
n For death on or after attainment of age 60 - all partial withdrawals made
premium payment term and payment frequency as stated below:
after attainment of age 58
Premium Premium Payment Frequency
payment term Annual mode Non Annual mode For a reduced paid-up policy, the Death Benefit shall be the highest of:
5 years 1.8% 1.6% n Paid up Sum Assured (less partial withdrawals as specified above)
7 years 1.2% 1.0% n Fund value
10 years 1.2% 1.0% n 105% of total premiums paid
Regular 1.2% 1.0%

For single premium policies, the Loyalty Additions will be 1.50% of the The policy will terminate thereafter and no more benefits will be payable.
average fund value. The Loyalty Addition shall be payable at the end of every
policy year from year 10 to 14 (both inclusive). Accidental Death Benefit
This benefit is only available under Classic Benefit Extra Life Option. In case of
The average fund value shall be calculated based on the fund values at the death due to accident during the term of the policy, an Additional Benefit
end of the policy month, for the immediately preceding 12 policy months.
equal to Sum Assured is payable in addition to the Death Benefit payable
How will this plan work? under Death Benefit options mentioned above.

At the outset, you select:

For a reduced paid-up policy, the accidental Death Benefit amount shall be
n Sum Assured n Premium
equal to the Paid-up Sum Assured in addition to the Death Benefit for a reduced
n Policy Term n Premium Payment Term
paid-up policy under Death Benefits options mentioned above.
n Benefit Option n Investment Fund(s)
& Portfolio Strategy
Accidental Death means death by or due to a bodily injury caused by an
Your premium, net of premium allocation charges, shall be invested in the Accident, independent of all other causes of death. Accident is a sudden,
fund(s) you selected and in the proportion you specify. At the end of the unforeseen and involuntary event caused by external, visible and violent
policy term you will receive the accumulated value of your fund(s). means. The accidental death benefit shall be payable provided the death
happens within 180 days of occurrence of the accident.
You will receive benefits as per the Benefit Option chosen by you. Please
refer the Death Benefit section for further details.
2. Classic Plus Benefit n For limited and regular premium payment policies, the maximum amount
In case of the Life Assured's unfortunate demise, we will pay the nominee the that can be withdrawn from the basic fund value throughout the policy
higher of the following: term is 300% of the annualised premium.
n Sum Assured plus Fund value n For single premium payment policies, maximum amount that can be
n 105% of the premium(s) paid withdrawn from the basic fund value throughout the policy term is 50%
of single premium.
For a reduced paid-up policy, the Death Benefit shall be the higher of:
n Paid up Sum Assured plus fund value
n 105% of total premiums paid D. On Discontinuance
This plan has a grace period of 15 days for monthly mode and 30 days for other
The policy will terminate thereafter and no more benefits will be payable. modes.

Discontinuance before completion of 5 years from commencement of

3. Classic Waiver Benefit
the policy
In case of the Life Assured's unfortunate demise, we will pay to the nominee
the higher of the following:
The following provisions are applicable for policies other than single
n Sum Assured
premium payment policies.
n 105% of the premium(s) paid

If you have not paid your premium by the expiry of the grace period, then you
In addition, on each future premium due date(s), an amount equal to the
will have the following options:
modal premium shall be credited to the Policyholder's Fund Value after
1. To revive the policy within a period of 2 years from the date of
deduction of applicable charges.
discontinuance, or
2. To completely withdraw from the policy without any risk cover
For a reduced paid-up policy, the death benefit shall be the higher of:
n Paid up Sum Assured
If the Policyholder does not exercise any option, the default option is
n 105% of total premiums paid
withdrawal.

6
In addition, on each future premium due date(s) a percentage of the original
Until the discontinuance of the policy, the risk cover will remain in-force and
modal premium7 shall be credited to the policyholder's Fund Value after
policy charges will continue to be deducted.
deduction of applicable charges. The percentage being the ratio of premiums
paid to premiums payable under the policy.
Once the policy is discontinued, the risk cover will cease and the fund value
(as on date of discontinuance) less the applicable Discontinuance Charge
The policy will continue with no risk cover and the fund value will be payable
(Please see the “Charges” section for details of the Discontinuance
on maturity.
Charges)will be moved to the 'Discontinued Policy Fund'. The minimum
6
guaranteed interest rate applicable to the 'Discontinued Policy Fund' shall be
Refers to premium due dates of the policy had it been a premium paying policy
7
Refers to modal premium of the policy had it been a premium paying policy.
as per the prevailing regulations and is currently 4% p.a. The excess income
earned in the discontinued fund over and above the minimum guaranteed
C. Partial Withdrawal interest rate shall also be apportioned to the discontinued policy fund in
We understand that you may need money to meet any future financial arriving at the proceeds of the discontinued policies and shall not be made
emergencies. You can withdraw money from your funds to meet such needs. available to the shareholders.
You can make lump sum partial withdrawals from your funds after 5 years of
your policy provided: The asset allocation for the Discontinued Policy Fund (SFIN: ULIF05110/03/
n The Life Assured is at least 18 years of age. 11DiscontdPF101) shall be as per the prevailing regulatory requirements.
n The minimum partial withdrawal amount is Rs. 10,000. This is subject to Currently, the asset allocation is as follows:
change from time to time. (i) Money Market Instruments – 0% to 40%
n The fund value after the partial withdrawal and any applicable charges (ii) Government securities: 60% to 100%.
(including applicable Service Tax and Education Cess)is not less than
150% of your annualised premium for limited and regular premium A Fund Management Charge of 0.50% p.a. charged daily, will be levied for
payment policies.
amounts in the 'Discontinued Policy Fund’ After the payment of discontinuance benefit, the policy shall terminate and
no further benefits shall be payable under the policy.
If a discontinued policy is not revived, the proceeds will be paid out upon the
completion of the lock-in period of five years. E. Revival of Discontinued Policies
We understand that you may want to revive your discontinued policy.
In the special instances where the revival period is not completed at the end
of the lock-in period, after the expiry of grace period, the Policyholder will You have the option to revive a discontinued policy within two consecutive
have following options: years from the date of discontinuance of the policy, subject to payment of all
n To revive the policy within a period of 2 years from the date of due and unpaid premiums and our underwriting policy.
discontinuance, or
n To completely withdraw from the policy without any risk cover If your policy is discontinued before completion of 5 years then at the time of
n To receive the proceeds at the end of the Lock-in Period or revival period, revival:
whichever is later n All due premiums which have not been paid shall be payable without
charging any interest
If the policyholder does not exercise any option, the default option is n The discontinuance charges deducted upon discontinuance shall be
withdrawal and payment of proceeds at the end of lock-in period. reversed and the proceeds of the discontinued policy shall be re-allocated
inthesegregatedfundschosenbyyoubasedonprevailingunitprices
In case of death of the Life Assured before the revival of a discontinued policy n Policy administration charge and premium allocation charge as applicable
or before the payment of proceeds from 'Discontinued Policy Fund', the during the discontinuance period shall be levied
amount in the 'Discontinued Policy Fund' will be paid out to the nominee upon
death. On payment of this amount, the policy shall terminate and no further F. On Surrender
benefit shall be payable.
If you surrender before completion ofthe 5 years from commencement of the
policy
Discontinuance after completion of the 5 years from commencement of
the policy
Your fund value less discontinued charges will be moved to the 'Discontinued
Policy Fund. The fund value corresponding to the 'Discontinued Policy Fund'
The following provisions are applicable for policies other than Single and will be paid out on the completion of the lock-in period.
Limited premium payment of 5 years

Please see the “Charges” section for details of the Discontinuance Charges.
In the instances where your policy is discontinued after the 5-year lock-in
period then you will have following options
In case of the death of the Life Assured before the payment of the surrender
1. To revive the policy within a period of 2 years from the date of
benefit, the amount in the 'Discontinued Policy Fund' will be paid out.
discontinuance, or
2. To completely withdraw from the policy without any risk cover
If you surrender after completion of the 5 years from commencement of the
3. To convert the policy into paid-up policy, where the paid-up Sum Assured
policy
equals original Sum Assured multiplied by the ratio of premiums paid to
the total premiums payable as per terms and conditions of the policy.
Your fund value will be paid out.
A paid-up policy will continue as per the policy terms and conditions and
charges shall continue to be deducted
Upon payment of this benefit the policy terminates and no further benefits
are payable.
During the revival period (i.e. under option 1 above), the policy is deemed to
be in force with risk cover as per the terms and conditions of the policy and
policy charges shall continue to be deducted. G. Loans
No policy loans are available for this product.
If the Policyholder does not exercise any of the aforesaid options, the policy
shall be deemed to be withdrawn and the proceeds will be paid out to the
Policyholder.
Choose your investment funds

This is a unit linked plan; the premiums you pay in this plan are subject to investment risks associated with the capital markets. The unit prices of
the funds may go up or down, reflecting changes in the capital markets.

This product gives you option of 8 different funds to invest your money so that you can manage your funds actively as per your requirement. Each fund has its own
asset allocation structure. Equity based funds invest in stock markets while debt based funds invest in safe and liquid instruments like bonds and government
securities to get secured income. You can decide your allocation ratio between these funds and also switch between funds using fund switch option at any time.

Your investment will buy units in any of the following 8 funds designed to meet your risk appetite. You can choose either all or a combination of the following funds:

Fund SFIN Details Asset Class Risk &

Money Market Government Equity Return Rating
Instruments, Securities, Fixed
Cash & Deposits Income
Instruments &
Bonds
Fund composition

Equity Plus Fund ULIF05301/08/1 To generate long term capital 0% to 20% 0% to 20% 80% to 100% Very High
3EquityPlus101 appreciation in line or better
than Nifty index returns
Diversified ULIF05501/08/1 To generate long term capital 0% to 40% 0% to 40% 60% to 100% Very High
Equity Fund 3DivrEqtyFd101 appreciation by investing in
high potential companies
across the market cap spectrum
Blue Chip Fund ULIF03501/01/1 Exposure to large–cap equities 0% to 20% — 80% to 100% Very High
0BlueChipFd101 & equity related instruments
Opportunities ULIF03601/01/1 Exposure to mid–cap equities 0% to 20% — 80% to 100% Very High
Fund 0OpprtntyFd101 & equity related instruments
Balanced Fund ULIF03901/09/1 Dynamic Equity exposure to 0% to 20% 0% to 60% 40% to 80% Moderate to High
0BalancedFd101 enhance the returns while the
Debt allocation reduces the
volatility of returns
Income Fund ULIF03401/01/1 Higher potential returns due 0% to 20% 80% to 100% — Moderate
0IncomeFund101 to higher duration and credit
exposure
Bond Fund ULIF05601/08/1 Active allocation across all 0% to 60% 40% to 100% — Moderate
3Bond Funds101 fixed income instruments

Conservative ULIF05801/08/1 To invest in high grade fixed 0% to 60% 40% to 100% — Low
Fund 3ConsertvFd101 income instruments and
government securities at the
short end of the yield curve, to
deliver stable returns

Investment in Liquid Mutual Funds will always be within Mutual Fund limit prescribed by Insurance Regulatory and Development Authority of India (IRDAI) regulations and
guidelines(IRDAI (Investment)(Fourth Amendment) Regulations, 2008, Annexure II),the current limit of approved investments in Liquid Mutual Funds is 5% of the fund.

For risk factors please refer Terms & Conditions section below.
 Flexibilities Charges
n Switching: You can move your accumulated funds from one The charges under this policy are deducted to provide for the cost
fund to another anytime. You can also switch from one portfolio of benefits and the administration provided by us. Our charges,
strategytoanother. when taken together, are structured to give you better returns
n Premium Redirection: You can pay your future premiums into different and value for money over the long term.
funds or between 2 different strategies, as per your need.

Charge Description How much

Premium This is a premium based charge. After deducting this charge from your premiums, the remainder is invested to buy units. The Premium
Allocation Charge Allocation charge is guaranteed for the full policy term.
Limited Pay /Regular Pay
Premium Bands Payment Modes Year 1 Year 2-3 Year 4-5 Year 6 & Above
Less Than 1 Lakh Annual Mode 9% 7% 6% 5%
Non-Annual Mode 7% 6% 5% 5%
1 Lakh - 4,99,999 All Modes 6% 6% 6% 3%
Non-Annual Mode 6% 6% 5% 3%
5 Lakh - 9,99,999 All Modes 5% 5% 5% 3%
10 Lakh and above All Modes 4% 4% 4% 3%

Single Premium
Premium Bands Charge
Less than 10 3%
10 Lakh - 24,99,999 1.5%
25 Lakh and above 1%

Fund Management The daily unit price is calculated allowing for deductions for the 1.35% p.a. of the fund value, charged daily.
Charge (FMC) fund management charge, which is charged daily. This charge will
be subject to the maximum cap as allowed by IRDAI

Policy This charge is a percentage of the annualised premium/single Year Single Premium Regular/Limited
premium. The charge will be deducted monthly to provide Payment Premium Payment
Administration
Charge administration for your policy. This charge will be taken by 1 to 5 0.12% of Single Nil
cancelling units proportionately from each of the fund(s) you Premium per month
have chosen.
6 and above 0.07% of Single 0.39% per month of
Premium per month the annualised
increasing at 5% per premium increasing at
annum on each 5% per annum on
Policy Anniversary each Policy Anniversary

The policy administration charge is subject to a cap of ` 500 per

month.The percentage charge each year will be rounded to 2
decimal places.
The charge may be increased with prior approval from IRDAI.

Mortality & other Every month we levy a charge for providing you with the death The amount of the charge taken each month depends on your age
Risk Benefit Charge and other risk benefits in your policy. This charge will be taken by and level of cover.
cancelling units proportionately from each of the fund(s) you
have chosen. The mortality charge and other risk benefit
chargeare guaranteed for the entire duration of the policy term.

Miscellaneous Any policy alteration request initiated by the Policyholder will attract a charge of ` 250 per request. The charge may be increased
Charges subject to prior approval from IRDAI and is subject to a cap of ` 500.
 Discontinuance Charge: through the company's web portal. This will be levied on the unit fund at
the time of part withdrawal of the fund during the contract period.
Thischargedependsonyearofdiscontinuanceandyourannualised
n Switching charge: There are 4 free switches in each policy year.
premium for limited and regular premium policies. There is no
Subsequent switches, if any, will attract a charge of `250 per request or a
chargefrom5th policyyear.
reduced charge of `25 per request if executed through the company's web
portal. This charge will be levied on switching of monies from one fund to
The table below gives the discontinuance charge applicable for limited and
another available fund within the product. The charge per each switch will
regular premium payment policies.
be levied at the time of effecting the switch.
Discontinuance Discontinuance Charge n Premium Redirection: There are 4 free premium redirections in each
during the policy year. Subsequent premium redirections, if any, will attract a charge
Annual Premium Annual Premium
policy year up to ` 25,000 above ` 25,000 of `250 per request or a reduced charge of `25 per request if executed
through the company's web portal.
1 Lower of 20% x (Annual Lower of 6% x (Annual

T&C
Premium or Fund Value) Premium or Fund Value)
Terms & Conditions
but not exceeding `3000 but not exceeding `6000
2 Lower of 15% x (Annual Lower of 4% x (Annual We recommend that you read and understand this product
Premium or Fund Value) Premium or Fund Value) brochure & customised benefit illustration and understand
but not exceeding `2000 but not exceeding `5000 what the plan is, how it works and the risks involved before you
3 Lower of 10% x (Annual Lower of 3% x (Annual purchase. We have appointed Certified Financial Consultants, duly
Premium or Fund Value) Premium or Fund Value) licensed by IRDAI, who will explain our plans to you and advise you on the
but not exceeding `1500 but not exceeding `4000
correct insurance solution that will meet your needs.
4 Lower of 5% x (Annual Lower of 2% x (Annual
Premium or Fund Value) Premium or Fund Value) A) Risk Factors:
but not exceeding `1000 but not exceeding `2000 n All unit linked life insurance plans are different from traditional insurance
5+ NIL NIL plans and are subject to different risk factors.
The table below gives the discontinuance charge applicable for single n HDFC Standard Life Insurance Company Limited is the name of our
premium payment policies. Insurance Company and HDFC Life Sampoorn Nivesh is the name of this
Discontinuance Discontinuance Charge plan. The name of our company and the name of our plan do not, in any
during the Single Premium Single Premium way, indicate the quality of the plan, its future prospects or returns.
policy year up to ` 25,000 above ` 25,000 n The premiums paid are subject to investment risks associated with
1 Lower of 2% x (Single Lower of 1% x(Single capital markets and the NAVs of the units may go up or down based on the
Premium or Fund Value) Premium or Fund Value) performance of funds and factors influencing the capital market and the
but not exceeding `3000 but not exceeding `6000
insured is responsible for his/her decisions.
2 Lower of 1.5% x(Single Lower of 0.5% x(Single n The various funds offered under this plan are names of the funds and do
Premium or Fund Value) Premium or Fund Value)
not in any way indicate the quality of these plans, their future prospects
but not exceeding `2000 but not exceeding `5000
and returns.
3 Lower of 1% x (Single Lower of 0.25% x (Single
n Please know the associated risks and the applicable charges, from your
Premium or Fund Value) Premium or Fund Value)
Insurance agent or the intermediary or policy document issued by
but not exceeding `1500 but not exceeding `4000
4 insurance company.
Lower of 0.5% x (Single Lower of 0.1% x (Single
Premium or Fund Value) Premium or Fund Value)
B) Unit Prices:
but not exceeding `1000 but not exceeding `2000
We will set the Unit Price of a fund as per the IRDAI's guidelines. The unit price
5+ NIL NIL
of Unit Linked Funds shall be computed as: Market Value of Investments held
In addition, only if you request for partial withdrawal, fund switch and
by the fund plus the value of any current assets less the value of current
premium redirection following charges will be charged on such requests.
liabilities and provisions, if any. Dividing by the number of units existing at the
n Partial withdrawal charge: There are 4 free partial withdrawals in each valuation date before any units are allocated/redeemed, gives the unit price
policy year. Subsequent partial withdrawals, if any, will attract a charge of of the fund under consideration. We round the resulting price to the nearest
`250 per request or a reduced charge of `25 per request if executed
Re. 0.0001. This price will be daily published on our website and the Life n The risk cover ceases and the fund continues to be invested during this
Insurance Council Website. Units shall only be allocated on the day the period. i.e. the NAV of funds may go up or down depending upon the
proposal is accepted and results into a policy by adjustment of application performance of the funds chosen by you.
money towards premium. The premium will be adjusted on the due date even n The only charge levied on the fund during the settlement period is the

if it has been received in advance and the status of the premium received in Fund Management Charge.
n The Policyholder will be unable to exercise any partial withdrawals or
advance shall be communicated to the policyholder.
switches during the settlement period.
C) Non-negative claw-back additions: n During the settlement period, the Policyholder shall have an option to
In the process to comply with the reduction in yield, the Company may arrive withdraw the entire fund value at any time.
at specific non-negative claw-back additions, if any, to be added to the unit
F) Tax Benefits
Fund Value, as applicable, at various durations of time after
Premiums paid by an individual or HUF under this plan are eligible for tax
the first five years of the contract.
benefits under Section 80C of the Income Tax Act, 1961, subject to the

This will be as per the relevant IRDAI guidelines issued from time to time. conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax
Act, 1961, the benefits received from this policy are exempt from tax, subject
D) Exclusions: to the conditions specified therein.
In case of death due to suicide within 12 months from the date of
commencement of risk or from the date of the revival of the policy, the Please note that the above mentioned benefits are as per the current tax

nominee or beneficiary of the Policyholder shall be entitled to the fund value, rules. Your tax benefits may change if the tax rules are changed. You are

as available on the date of death. Any charges recovered subsequent to the requested to consult your tax advisor.

date of death shall be paid back to the nominee or beneficiary along with the
G) Cancellation in the Free-Look period:
death benefit.
In case you are not agreeable to the any of the policy terms and conditions, you
have the option of returning the policy to us stating the reasons thereof, within
We will not pay Accidental Death Benefit, if the accidental death is caused
15 days from the date of receipt of the policy. The Free-Look period for policies
directly or indirectly by any of the following:
n Intentionally self inflicted injury or suicide, irrespective of mental purchased through distance marketing (specified below) will be 30 days. On

condition. receipt of your letter along with the original policy documents, we shall arrange
n Alcohol or solvent abuse, or the taking of drugs except under the direction of to refund you the value of units allocated to you on the date of receipt of
a registered medical practitioner. request plus the unallocated part of the premium plus charges levied by
n Taking part or practicing for any hazardous hobby or pursuit or race. cancellation of units, subject to deduction of the proportionate risk premium
n War, invasion, hostilities (whether war is declared or not), civil war, for the period on cover, the expenses incurred by us on medical examination
rebellion, revolution or taking part in a riot or civil commotion. and stamp duty. A policy once returned shall not be revived, reinstated or
n Taking part in any flying activity, other than as a passenger in a
restored at any point of time and a new proposal will have to be made for a new
commercially licensed aircraft.
policy.
n Taking part in any act of a criminal nature with criminal intent.

Distance Marketing refers to insurance policies sold through any mode apart
E) Settlement Option:
The Policyholder can avail of the settlement option for maturity benefit, from face-to-face interactions such as telephone, internet etc (Please refer
subject to following: to “Guidelines on Distance Marketing of Insurance Product” for exhaustive
n You can take your fund value at maturity in periodical instalments over a definition of Distance Marketing)
settlement period of 5 years.
n During the settlement period the units will be redeemed systematically. H) Alterations:
Units as of maturity date will be redeemed in 60 monthly instalments n Switch between Classic Benefit Life Option and Classic Benefit Extra Life

beginning from the maturity date. Every month, 1/60th of the units as of Option and vice-versa.
n Change in death benefit option is not allowed.
maturity date would be redeemed and paid to the Policyholder
n Change of frequency is allowed.
n The Fund Value at Maturity is greater than or equal to `1 Lakh.
n Increase or decrease of policy term, sum assured and premiums are not allowed.
n Increase in premium payment term is allowed. such a case only, the provisions of Section 39 will not apply.

I) Nomination: J) Assignment and Transfer: This policy may be transferred/assigned,

wholly or in part, with or without consideration.
(1) The Policyholder of a life insurance on his own life may nominate a person
or persons to whom money secured by the policy shall be paid in the event (1) An Assignment may be effected in a policy by an endorsement upon the

of his death. policy itself or by a separate instrument under notice to the Insurer.

(2) Where the nominee is a minor, the Policyholder may appoint any person to (2) The instrument of assignment should indicate the fact of transfer or
receive the money secured by the policy in the event of policyholder's assignmentandthereasonsfortheassignmentortransfer,antecedentsof
death during the minority of the nominee. The manner of appointment to the assignee and terms on which assignment is made.
be laid down by the insurer.
(3) The assignment must be signed by the transferor or assignor or duly
(3) Nomination can be made at any time before the maturity of the policy. authorized agent and attested by at least one witness.
(4) The transfer of assignment shall not be operative as against an Insurer
(4) Nomination may be incorporated in the text of the policy itself or may be
until a notice in writing of the transfer or assignment and either the said
endorsed on the policy communicated to the insurer and can be
endorsement or instrument itself or copy there of certified to be correct
registered by the insurer in the records relating to the policy.
by both transferor and transferee or their duly authorized agents have
(5) Nomination can be cancelled or changed at any time before policy been delivered to the Insurer.
matures, by an endorsement or a further endorsement or a will as the
(5) Fee to be paid for assignment or transfer can be specified by the
case may be.
Authority through Regulations.
(6) A notice in writing of Change or Cancellation of nomination must be
(6) On receipt of notice with fee, the Insurer should Grant a written
delivered to the insurer for the insurer to be liable to such nominee.
acknowledgement of receipt of notice. Such notice shall be conclusive
Otherwise, insurer will not be liable if a bonafide payment is made to the
evidence against the insurer of duly receiving the notice.
person named in the text of the policy or in the registered records of the
insurer. (7) The Insurer may accept or decline to act upon any transfer or assignment
or endorsement, if it has sufficient reasons to believe that it is (a) not
(7) Fee to be paid to the insurer for registering change or cancellation of a
bonafide or (b) not in the interest of the policyholder or (c) not in public
nomination can be specified by the Authority through Regulations.
interest or (d) is for the purpose of trading of the insurance policy.
(8) A transfer or assignment made in accordance with Section 38 shall
(8) In case of refusal to act upon the endorsement by the Insurer, any person
automatically cancel the nomination except in case of assignment to the
aggrieved by the refusal may prefer a claim to IRDAI within 30 days of
insurer or other transferee or assignee for purpose of loan or against
receipt of the refusal letter from the Insurer.
security or its reassignment after repayment. In such case, the
nomination will not get cancelled to the extent of insurer's or transferee's Section I (Nomination) and J (Assignment & Transfer) are simplified versions
or assignee's interest in the policy. The nomination will get revived on prepared for general information only and hence are not comprehensive. For
repayment of the loan. full texts of these sections please refer to Section 38 and Section 39 of the

(9) The provisions of Section 39 are not applicable to any life insurance policy Insurance Act, 1938 as amended by Insurance Laws (Amendment) Ordinance

to which Section 6 of Married Women's Property Act, 1874 applies or has dated December 26, 2014.

at any time applied except where before or after Insurance Laws

K) Prohibition of Rebates: Section 41 of the Insurance Act, 1938 as
(Ordinance) 2014, a nomination is made in favour of spouse or children or
amendedfromtimetotimestates:
spouse and children whether or not on the face of the policy it is
mentioned that it is made under Section 39. Where nomination is 1. No person shall allow or offer to allow, either directly or indirectly, as an
intended to be made to spouse or children or spouse and children under inducement to any person to take out or renew or continue an insurance
Section 6 of MWP Act, it should be specifically mentioned on the policy. In in respect of any kind of risk relating to lives or property in India, any
 rebate of the whole or part of the commission payable or any rebate of true to the best of his knowledge and belief or that there was no
the premium shown on the policy, nor shall any person taking out or deliberate intention to suppress the fact or that such mis-statement of or
renewing or continuing a policy accept any rebate, except such rebate as suppression of a material fact are within the knowledge of the insurer:
may be allowed in accordance with the published prospectuses or tables Provided that in case of fraud, the onus of disproving lies upon the
of the insurer. beneficiaries, in case the policyholder is not alive.

(4) A policy of life insurance may be called in question at any time within three
Provided that acceptance by an insurance agent of commission in
years from the date of issuance of the policy or the date of
connection with a policy of life insurance taken out by himself on his own
commencement of risk or the date of revival of the policy or the date of the
life shall not be deemed to be acceptance of a rebate of premium within the
rider to the policy, whichever is later, on the ground that any statement of
meaningofthissub-sectionifatthetimeofsuchacceptancetheinsurance
or suppression of a fact material to the expectancy of the life of the
agent satisfies the prescribed conditions establishing that he is a bona fide
insured was incorrectly made in the proposal or other document on the
insuranceagentemployedbytheinsurer.
basis of which the policy was issued or revived or rider issued: Provided
2. Any person making default in complying with the provisions of this that the insurer shall have to communicate in writing to the insured or the
section shall beliable for a penalty which may extend to ten lakh rupees. legal representatives or nominees or assignees of the insured the
grounds and materials on which such decision to repudiate the policy of
life insurance is based: Provided further that in case of repudiation of the
L) Non-Disclosure: Section 45 of the Insurance Act, 1938 as amended
policy on the ground of misstatement or suppression of a material fact,
from time to time states:
and not on the ground of fraud, the premiums collected on the policy till
(1) No policy of life insurance shall be called in question on any ground the date of repudiation shall be paid to the insured or the legal
whatsoever after the expiry of three years from the date of the policy, i.e., representatives or nominees or assignees of the insured within a period
from the date of issuance of the policy or the date of commencement of of ninety days from the date of such repudiation.
risk or the date of revival of the policy or the date of the rider to the policy,
(5) Nothing in this section shall prevent the insurer from calling for proof of
whichever is later.
age at any time if he is entitled to do so, and no policy shall be deemed to be
(2) A policy of life insurance may be called in question at any time within called in question merely because the terms of the policy are adjusted on
three years from the date of issuance of the policy or the date of subsequent proof that the age of the life insured was incorrectly stated in
commencement of risk or the date of revival of the policy or the date of the proposal.
the rider to the policy, whichever is later, on the ground of fraud: Provided
M) Service Tax & other duties: As per the Service Tax Laws, service tax &
that the insurer shall have to communicate in writing to the insured or the
other statutory levies are applicable. Any other taxes or statutory levy
legal representatives or nominees or assignees of the insured the
becoming applicable in future may become payable by you by any method
grounds and materials on which such decision is based.
including by levy of an additional monetary amount in addition to the
(3) Notwithstanding anything contained in sub-section (2), no insurer shall premium; cancellation of units or from the unit fund.
repudiate a life insurance policy on the ground of fraud if the insured can
prove that the mis-statement of or suppression of a material fact was
 To know more, call us on

Sampoorn Nivesh

HDFC Standard Life Insurance Company Limited. In partnership with Standard Life Plc
Registered Office: HDFC Standard Life Insurance Company Limited, 13th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai-400 011.
Insurance is the subject matter of the solicitation. HDFC Life Sampoorn Nivesh (UIN No: 101L103V01, Form No: P501-125 ) is a unit linked plan with life insurance coverage. This product
brochure is indicative of the terms, warranties, conditions and exclusions contained in the insurance policy. Please know the associated risks and applicable charges from your insurance agent
or the intermediary or the policy document of the insurer. HDFC Standard Life Insurance Company Limited. IRDAI Registration No. 101. ARN: MC/05/2015/6333. CIN
No.U99999MH2000PLC128245
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI clarifies to public that
• IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
• IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number
W.e.f. April 2015