HDFC Life, one of India’s leading life insurance companies, today launched Sampoorn Samridhi, a ‘with profit’ traditional product. Sampoorn Samridhi is a product that offers the benefits of both an Endowment Plan and a Whole Life Plan.
The key highlight of the product is that a customer can opt for any of the Maturity Benefit Options as below:
(a) Enhanced Cash Option: Enhanced maturity amount at the end of policy term
OR
(b) Enhanced Cover Option: Maturity amount at the end of policy term + additional Sum Assured on death up to the age of 99 years
Commenting on the launch of Sampoorn Samridhi, Mr Paresh Parasnis, ED & COO, HDFC Life, said, “We design products that are in line with our customer centric approach.
HDFC Life Sampoorn Samridhi is a flexible and affordable life insurance product for all customer segments, which offers a lump sum payout at the end of the selected term to fulfill long term goals. It also gives an opportunity to customer to create a corpus for his loved ones through Enhanced Cover Option.”
“HDFC Life Sampoorn Samridhi provides the flexibility in premium paying frequency – monthly, quarterly, half-yearly and annual as well as the options in deciding the term of the policy. Customers whose Sum Assured is Rs 5 lakhs and above can avail of a discount of 5% on the basic premium”, Mr Parasnis added.
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