In this policy, the investment risk in investment portfolio is borne by the policyholder.

The Unit Linked Insurance Products do not offer any liquidity during the first five
years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely orpartially till the end
of the fifth year.

Invest today and secure your

family's dreams.

Comprehensive Loyalty 10 Fund

10
Plan Options Additions# Options

Sampoorn Nivesh
A Unit Linked Non Participating Life Insurance Plan

# Loyalty additions are applicable after 10 years. Please refer the product brochure for more details.
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT Parameters Minimum Maximum
PORTFOLIO IS BORNE BY THE POLICYHOLDER. Premiums Single: `12,000 No limit
5

The Unit Linked Insurance Products do not o er any liquidity Annual: `12,000
during the e years of the contract. The policyholder will Half-yearly:
not be able to surrender or withdraw the monies invested in Unit `6,000
Linked Insurance Products completely or partially till the end of Quarterly:`3,000
the year. Monthly: `1,000
You have certain goals for your family which may vary as you
progress from one life stage to another. Therefore your investments also Sum Assured Entry Age less 1.25 times the 4 times the
– 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 . Entry Age equal to 1.25 times the 4 times the
45 years and above Single Premium Single Premium
We understand this and therefore are glad to offer HDFC Life Sampoorn Nivesh,
a unique insurance cum investment plan designed specifically with multiple Sum Assured Entry Age less Higher of 10 x Higher of 40 x
fund options so as to help you optimize your investment. Furthermore, it also – Regular & than 45 years annualized annualized
providesyouwithvariedbenefitoptionstomeetyourprotectionneeds. Limited premium^ or 0.5 x premium^ or 0.5 x
Premium policy term x policy term x
Key features of HDFC Life Sampoorn Nivesh annualized annualized
Flexibility to choose your investment term from 10 to 35 years for Single premium^ premium^
Pay, and (85 minus Age at Entry) for Limited/ Regular Pay1, subject to
Entry Age equal Higher of 7 x 40 x annualized
Customize your premium payment options – Single, Limited or Regular to 45 years and annualized premium^
Choice of 3 Bene Options to suit your requirements above premium^ or
Option of Accidental Death Bene 0.25 x policy term x
annualized premium^
Loyalty Additions to enhance your fund value after 10 years
2
Reducedpremiumallocationchargeoninvestinghigherpremiumamount Policy Term 10, 15 to 35 years for Single Pay
Choose from a range of 12 fund options. This plan is available with limited 85 minus Age at Entry for Limited/ Regular Pay
Subject to Maximum age at Maturity for
underwriting norms with a Short Medical Questionnaire (SMQ) if the
conditions are met. Otherwise, the plan will be offered through full Single
underwriting. Premium Payment Term Limited : 5 to 10, 12, 15 and 20 years
1
11 to 14 years terms are not available
2
Regular
Available for premium of 1 lakh & above for limited & regular premium payment options and 10 lakhs &
above for single premium payment option 5
Subject to our Board Approved Underwriting Policy
^ Annualized Premium means the premium amount payable in a year excluding the taxes, rider premiums
Choice of 3 Bene tions:
and underwriting extra premium on riders, if any.

You can opt for any of the 3 Bene Options as mentioned below.
The bene 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
Bene tion Minimum Age at Entry
chosen at inception only.
Classic Bene e Option) 0 years (30 days)*
3
Bene tion Death Bene Classic Bene a Life Option) 18 years
Classic Bene e Option) Higher of Sum Assured OR Fund Value Classic Plus Bene 0 years (30 days)*
Classic Bene Higher of (Sum Assured OR Fund Value) Classic Waiver Bene 18 years
(Extra Life Option) PLUS Accidental Death Bene Maximum Age at Entry
Bene tion
Classic Plus Bene Sum Assured AND Fund Value 5 pay Other than 5 pay
Classic Waiver Bene Sum Assured PLUS Waiver of amount Classic Bene e Option) 56 years 65 years
equal to the modal premiums4 Classic Bene a Life Option) 53 years 58 years
3

4
Please see Death Bene for further details. Classic Plus Bene 48 years 50 years
Refers to modal premium of the policy had it been a premium paying policy
Classic Waiver Bene 49 years 52 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
purchase this plan. You can choose your premium, premium mentioned above
payment term, policy term and level of protection subject to the limits *For all ages, risk commences from the date of inception of the contract

mentioned below.
 Age at Maturity

Bene tion Minimum Age at Maturity

Classic Bene e Option) 18 years
Classic Benefit (Extra Life Option) 28 years
Classic Plus Bene 18 years
Classic Waiver Bene 28 years
Bene tion Maximum Age at Maturity
5 pay Other than 5 pay
Classic Bene e Option) 85 years 85 years
Classic Bene a Life Option) 63 years 68 years
Classic Plus Bene 58 years 60 years
Classic Waiver Bene 69 years 85 years
For non-annual modes the applicable maximum maturity age limit shall be less than 2 years of the corresponding age limits for annual mode as mentioned above
All ages mentioned above are age last birthday
Illustration^
Classic (Life) Option
Policy Term / Premium Assumed Rate of Assumed Rate of
Age Premium Sum Assured
Paying Term Return @ 8 %# p.a. Return @ 4 %# p.a.
35 ` 50,00,000 ` 1,22,59,071 ` 88,02,096
15 years ` 5,00,000
45 ` 35,00,000 ` 1,22,40,613 ` 87,89,698
Classic (Extra Life) Option
Policy Term / Premium Assumed Rate of Assumed Rate of
Age Premium Sum Assured
Paying Term Return @ 8 %# p.a. Return @ 4 %# p.a.
35 ` 50,00,000 ` 1,21,45,903 ` 87,19,247
15 years ` 5,00,000
45 ` 35,00,000 ` 1,21,61,170 ` 87,30,590

Classic Plus Option

Policy Term / Premium Assumed Rate of Assumed Rate of
Age Premium Sum Assured
Paying Term Return @ 8 %# p.a. Return @ 4 %# p.a.
35 ` 50,00,000 ` 1,19,36,201 ` 85,45,658
15 years ` 5,00,000
45 ` 35,00,000 ` 1,15,85,623 ` 82,72,138
Classic Waiver Option
Policy Term / Premium Assumed Rate of Assumed Rate of
Age Premium Sum Assured
Paying Term Return @ 8 %# p.a. Return @ 4 %# p.a.
35 ` 50,00,000 ` 1,16,77,473 ` 83,49,233
15 years ` 5,00,000
45 ` 35,00,000 ` 1,07,33,011 ` 76,02,756

# These assumed rates of returns are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of the policy is dependent on a
number of factors including future investment performance

^ Some bene are guaranteed and some bene are variable with returns based on the future performance of your insurer carrying on life insurance business. If your
policy o ers guaranteed bene then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy o ers variable bene then the
illustrations on this page will show two erent rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the
upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.
 We o er Loyalty Additions to boost your fund value: The partial withdrawals to be deducted from the death bene shall be:
Loyalty Additions (as percentage of the average fund value) All partial withdrawals made during the two year period immediately
will be added to the fund value every alternate year starting preceding the death of the Life Assured
from the end of 11th policy year for limited and regular premium
payment policies. Percentage of Loyalty Additions will depend upon the For a reduced paid-up policy, the Death Bene shall be the highest of:
premium payment term and payment frequency as stated below: Paid up Sum Assured (less partial withdrawals as above)
Fund value
Premium Premium Payment Frequency 105% of total premiums paid
payment term Annual mode Non Annual mode
5 to 6 years 1.8% 1.6% The policy will terminate thereafter and no more bene will be payable.
7 to 9 years 1.2% 1.0%
10, 12, 15 and 20 years 1.2% 1.0%
Accidental Death Bene
Regular 1.2% 1.0%
This bene is only available under Classic Bene Extra Life Option. In case of
For single premium policies, the Loyalty Additions will be 1.50% of the death due to accident during the term of the policy, an Additional Bene
average fund value. The Loyalty Addition shall be payable at the end of every equal to Sum Assured is payable in addition to the Death Bene payable
policy year from year 10 to 14 (both inclusive). under Death Bene options mentioned above.
The average fund value shall be calculated based on the fund values at the
end of the policy month, for the immediately preceding 12 policy months. For a reduced paid-up policy, the accidental Death Benefit amount shall be
equal to the Paid-up Sum Assured in addition to the Death Benefit for a reduced
How will this plan work? paid-up policy under Death Bene options mentioned above.

At the outset, you select: Accidental Death means death by or due to a bodily injury caused by an
Sum Assured Premium Accident, independent of all other causes of death. Accident is a sudden,
Policy Term Premium Payment Term unforeseen and involuntary event caused by external, visible and violent
Bene tion Investment Fund(s) means. The accidental death bene shall be payable provided the death
& Portfolio Strategy happens within 180 days of occurrence of the accident.
Your premium, net of premium allocation charges, shall be invested in the
fund(s) you selected and in the proportion you specify. At the end of the policy 2. Classic Plus Bene
te r m yo u w i l l re ce i ve t h e a cc u m u l ate d va l u e of yo u r f u n d ( s ) . In case of the Life Assured's unfortunate demise, we will pay the nominee the
higher of the following:
You will receive bene as per the Bene Option chosen by you. Please refer
Sum Assured plus Fund value
the Death Bene section for further details.
105% of total premium(s) paid
For a reduced paid-up policy, the Death Bene shall be the higher of:
Paid up Sum Assured plus fund value
More details on your bene 105% of total premiums paid
A. Maturity Bene
Your policy matures at the end of the policy term you have chosen The policy will terminate thereafter and no more bene will be payable.
and all your risk cover ceases. You may redeem your balance units
3. Classic Waiver Bene
at the then prevailing unit price and take the fund value. You can also take
In case of the Life Assured's unfortunate demise, we will pay to the nominee
your fund value at maturity in periodical instalments. Please refer to Terms
the higher of the following:
and Conditions section for more details.
Sum Assured
B. Death Bene 105% of total premium(s) paid
1. Classic Bene
In addition, on each future premium due date(s), an amount equal to the
In case of the Life Assured's unfortunate demise, we will pay the nominee the
modal premium shall be credited to the Policyholder's Fund Value after
highest of the following:
deduction of applicable charges.
Sum Assured less all partial withdrawals (as de below)
Fund Value For a reduced paid-up policy, the death bene shall be the higher of:
105% of total premium(s) paid Paid up Sum Assured
105% of total premiums paid
In addition, on each future premium due date(s)6 a percentage of the original shall be paid to the policyholder at the end of the revival period or lock-in
modal premium7 shall be credited to the policyholder's Fund Value after period whichever is later. In respect of revival period ending after lock-in
deduction of applicable charges. The percentage being the ratio of premiums period, the policy will remain in discontinuance fund till the end of
paid to premiums payable under the policy. revival period. The Fund management charges of discontinued fund will
be applicable during this period and no other charges will be applied.
The policy will continue with no risk cover and the fund value will be payable
ii. In case the policyholder does not exercise the option as set out above,
on maturity.
the policy shall continue without any risk cover and rider cover, if any,
6
Refers to premium due dates of the policy had it been a premium paying policy and the policy fund shall remain invested in the discontinuance fund. At
7
Refers to modal premium of the policy had it been a premium paying policy.
the end of the lock-in period, the proceeds of the discontinuance fund
C. Partial Withdrawal shall be paid to the policyholder and the policy shall terminate.
We understand that you may need money to meet any future iii. However, the policyholder has an option to surrender the policy
emergencies. You can withdraw money from your funds to meet such needs. anytime and proceeds of the discontinued policy shall be payable at the
You can make lump sum partial withdrawals from your funds after 5 years of end of lock-in period or date of surrender whichever is later.
your policy provided:
c) In case of Single premium policies, the policyholder has an option
The Life Assured is at least 18 years of age.
The minimum partial withdrawal amount is ` 10,000. This is subject to to surrender any time during the lock-in period. Upon receipt of request
change from time to time. for surrender, the fund value, after deducting the applicable
The fund value after the partial withdrawal and any applicable charges discontinuance charges, shall be credited to the discontinued policy
(including applicable taxes and statutory levies, if any) is not less than fund.
150% of annualized premium for limited premium payment policies. i. Such discontinuance charges shall not exceed the charges stipulated
For limited and regular premium payment policies, the maximum amount in section “Charges” of this document.
that can be withdrawn from the basic fund value throughout the policy ii. The policy shall continue to be invested in the discontinued policy
term is 300% of the annualized premium.
fund and the proceeds from the discontinuance fund shall be paid at the
For single premium payment policies, maximum amount that can be
end of lock-in period. Only fund management charge can be deducted
withdrawn from the basic fund value throughout the policy term is 50%
from this fund during this period. Further, no risk cover shall be available
of single premium.
The partial withdrawals shall not be allowed which would result in on such policy during the discontinuance period.
termination of a contract. The minimum guaranteed interest rate applicable to the 'Discontinued
Policy Fund' shall be as per the prevailing regulations and is currently 4%
D. On Discontinuance
p.a. The proceeds of the discontinued policy shall be refunded only upon
This plan has a grace period of 15 days for monthly mode and 30 days for
completion of the lock-in period.
other modes. During the grace period, the policy is considered to be in-force
Proceeds of the discontinued policies means the fund value as on the date
with the risk cover without any interruption.
the policy was discontinued, after addition of interest computed at the
Discontinuance of Policy during the lock-in-Period: interest rate stipulated as above.
a) For other than single premium policies, upon expiry of the grace Discontinuance of Policy after the lock-in-Period:
period, in case of discontinuance of policy due to non-payment of
a) For other than Single Premium Policies:
premium, the fund value after deducting the applicable discontinuance
charges, shall be credited to the discontinued policy fund and the risk I. Upon expiry of the grace period, in case of discontinuance of policy due
cover and rider cover, if any, shall cease. to non-payment of premium after lock-in period, the policy shall be
b) Such discontinuance charges shall not exceed the charges, stipulated converted into a reduced paid up policy with the paid-up sum assured i.e.
in “Charges” section of this document. All such discontinued policies original sum assured multiplied by the total number of premiums paid to
shall be provided a revival period of three years from date of unpaid the original number of premiums payable as per the terms and
premium. On such discontinuance, the company will communicate the
conditions of the policy. The policy shall continue to be in reduced paid-
status of the policy, within three months of the unpaid premium, to
the policyholder and provide the option to revive the policy within the up status without rider cover, if any. All charges as per terms and
revival period of three years. conditions of the policy shall be deducted during the revival period.
i. In case the policyholder opts to revive but does not revive the policy However, the mortality charges shall be deducted based on the reduced
during the revival period, the proceeds of the discontinued policy fund
12
 12

Money Market Equity and

Instruments, Cash equity related
& Deposits*, instruments
Liquid mutual
funds**

Income Fund ULIF03401/01/ Higher potential returns due 0% to 20% 80% to 100% Moderate
10IncomeFund to higher duration and credit
101 exposure
 To generate superior long 0% to 20% 0% to 20% 80% to 100%
Flexi Cap ULIF07114/07/
term returns through
Fund 23Flexi- investment in equities of
CapFd101 companies in the large, mid
and small cap segments.
Midcap ULIF07317/01/ To generate long-term capital
0% to 10% 0% to 10% 90% to 100% High
24MidCpMoId appreciation from a portfolio of
Momentum
mid-cap stocks that are aligned
Fund x101 to the MidCap Momentum
Index.

* Investment in Deposits will be in line with the IRDAI regulations and guidelines. The current limit for investment in Deposits is 0 - 5%.
**

Discontinued Policy Fund

 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 0.50% p.a. for Discontinued Policy Fund
be subject to the maximum cap as allowed by IRDAI
Policy This charge is a percentage of the annualized premium/single Year Single Premium Regular/Limited
Administration premium. The charge will be deducted monthly to provide Payment Premium Payment
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 0.35% per month of
Premium per month the annualized
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 Bene ge and other risk bene our 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:

Thischargedependsonyearofdiscontinuanceandyoura Discontinuance Discontinuance Charge

annualized premiumforlimitedandregularpremiumpolicies. during the
Thereisnochargefrom5th policyyear.
Annual Premium Annual Premium
policy year up to ` 50,000 above ` 50,000
4 Lower of 5% x (Annual Lower of 2% x (Annual
The table below gives the discontinuance charge applicable for limited and Premium or Fund Value) Premium or Fund Value)
regular premium payment policies. but not exceeding `1000 but not exceeding `2000
5+ NIL NIL
Discontinuance Discontinuance Charge
during the The table below gives the discontinuance charge applicable for single
Annual Premium Annual Premium
policy year premium payment policies.
up to ` 50,000 above ` 50,000
1 Lower of 20% x (Annual Lower of 6% x (Annual Discontinuance Discontinuance Charge
Premium or Fund Value) Premium or Fund Value) during the Single Premium Single Premium
policy year up to ` 3,00,000 above ` 3,00,000
but not exceeding `3000 but not exceeding `6000
2 Lower of 15% x (Annual Lower of 4% x (Annual 1 Lower of 2% x (Single Lower of 1% x(Single
Premium or Fund Value) Premium or Fund Value) Premium or Fund Value) Premium or Fund Value)
but not exceeding `2000 but not exceeding `5000 but not exceeding `3000 but not exceeding `6000
3 Lower of 10% x (Annual Lower of 3% x (Annual 2 Lower of 1.5% x(Single Lower of 0.70% x(Single
Premium or Fund Value) Premium or Fund Value) Premium or Fund Value) Premium or Fund Value)
but not exceeding `1500 but not exceeding `4000 but not exceeding `2000 but not exceeding `5000
 Discontinuance Discontinuance Charge **For all details on Riders, kindly refer to the Rider Brochures available
during the Single Premium Single Premium on our website
policy year up to ` 3,00,000 above ` 3,00,000
3 Lower of 1% x (Single
Premium or Fund Value)
Lower of 0.50% x (Single
Premium or Fund Value)
T&C Terms & Conditions
We recommend that you read and understand this product
brochure & customised bene illustration and understand
but not exceeding `1500 but not exceeding `4000 what the plan is, how it works and the risks involved before you
4 Lower of 0.5% x (Single Lower of 0.35% x (Single
Premium or Fund Value) Premium or Fund Value) licensed by IRDAI, who will explain our plans to you and advise you on the
correct insurance solution that will meet your needs.
but not exceeding `1000 but not exceeding `2000
5+ A) Risk Factors:
NIL NIL

In addition, only if you request for partial withdrawal, fund switch and insurance products and are subject to the risk factors.
The premium paid in Unit Linked Insurance policies are subject to
premium redirection following charges will be charged on such requests.
investment risks associated with capital markets and the NAVs of the
Partial withdrawal charge: There are 4 free partial withdrawals in each units may go up or down based on the performance offund and factors
policy year. Subsequent partial withdrawals, if any, will attract a charge of
`250 per request or a reduced charge of `25 per request if executed HDFC Life Insurance Company Limited is only the name of the Life
through the company's web portal. This will be levied on the unit fund at Insurance Company and HDFC Life Sampoorn Nivesh is only the name of
the time of part withdrawal of the fund during the contract period. the unit linked insurance contract and does not in any way indicate the
Switching charge: There are 4 free switches in each policy year. quality of the contract, its future prospects or returns.
Subsequent switches, if any, will attract a charge of `250 per request or a Please know the associated risks and the applicable charges, from your
reduced charge of `25 per request if executed through the company's web Insurance agent or the Intermediary or policy document issued by the
insurance company.
portal. This charge will be levied on switching of monies from one fund to
The various funds o ered under this contact are the names of the funds
another available fund within the product. The charge per each switch will
and do not in any way indicate the quality of these plans, their future
prospects and returns.
Premium Redirection: There are 4 free premium redirections in each
policy year. Subsequent premium redirections, if any, will attract a charge B) Unit Prices:
of `250 per request or a reduced charge of `25 per request if executed We will set the Unit Price of a fund as per the IRDAI's guidelines. The unit
through the company's web portal. price of Unit Linked Funds shall be computed as: Market Value of
Rider Options Investments held by the fund plus the value of any current assets less the
value of current liabilities and provisions, if any. Dividing by the number of
help you enhance your protection u n i t s e x i s t i n g a t t h e v a l u a t i o n d a t e b e fo r e a ny u n i t s a r e
allocated/redeemed, gives the unit price of the fund under consideration.
Rider UIN
We round the resulting price to the nearest Re. 0.0001. This price will be

Sum Assured per month for daily published on our website and the Life Insurance Council Website.
HDFC Life Income the next 10 years, in case of Units shall only be allocated on the day the proposal is accepted and
101B013V03 an Accidental Total results into a policy by adjustment of application money towards
Disability Rider Permanent Disability. There is
premium. The premium will be adjusted on the due date even ifit has been
under this rider. received in advance and the status of the premium received in advance
shall be communicated to the policyholder.
the Rider Sum Assured shall C) Exclusions:
be payable in case you are Suicide Exclusion
diagnosed with any of the 19
HDFC Life Critical In case of death due to suicide within 12 months from the date of
101B014V02 Critical Illnesses and survive
Illness Plus Rider commencement of the policy or from the date of revival of the policy, as
for a period of 30 days
following the diagnosis. applicable, the nominee or the bene of the policyholder shall be

available under this rider. entitled to the fund value, as available on the date ofintimation of death.
Further any charges other than Fund Management Charges (FMC) and
the Rider Sum Assured shall guarantee charges recovered subsequent to the date of death shall be
be payable in case on acciden- added back to the fund value as available on the date ofintimation of
tal death or partial/total
death.
HDFC Life disability due to accident or if
101B016V01 Other Exclusion
Protect Plus Rider you are diagnosed with
cancer as per the option We will not pay Accidental Death Bene if the accidental death is caused
chosen under this rider. No directly or indirectly by any of the following:
under this rider. Intentionally self inflicted injury or suicide, irrespective of mental
condition.
 Alcohol or solvent abuse, or the taking of drugs except under the direction ofa G) Alterations:
Switch between Classic Bene Life Option and Classic Bene Extra Life
registeredmedicalpractitioner.
Taking part or practicing for any hazardous hobby or pursuit or race. Option and vice-versa.
War, invasion, hostilities (whether war is declared or not), civil war, Change in death bene option is not allowed.
rebellion, revolution or taking part in a riot or civil commotion. Change of frequency is allowed.
Increase or decrease of policy term, sum assured and premiums are not

commercially licensed aircraft. allowed.

Taking part in any act of a criminal nature with criminal intent. Increase in premium payment term is allowed.

D) Settlement Option: H) Nomination as per Section 39 of the Insurance Act 1938 as amended
The Policyholder can avail of the settlement option for maturity bene from time to time:
subject to following: (1) The Policyholder of a life insurance on his own life may nominate a person
The investment risk during the settlement period continues to be or persons to whom money secured by the policy shall be paid in the event
borne by the Policyholder.
of his death.
You can take your fund value at maturity in periodical instalments over a
(2) Where the nominee is a minor, the Policyholder may appoint any person to
settlement period which may extend to a maximum of 5 years.
receive the money secured by the policy in the event of policyholder's
The instalment under settlement option will be payable on the date
of maturity. death during the minority of the nominee. The manner of appointment to
be laid down by the insurer.
During the settlement period the units will be redeemed systematically.
Units as of maturity date will be redeemed in 60 monthly instalments (3) Nomination can be made at any time before the maturity of the policy.
beginning from the maturity date. (4)Nomination may be incorporated in the text of the policy itself or may be
The Fund Value at Maturity is greater than or equal to `1 Lakh. endorsed on the policy communicated to the insurer and can be registered
In case of settlement period after maturity, the risk cover shall be
by the insurer in the records relating to the policy.
maintained at 105% of the total premiums paid. Accordingly, mortality
(5) Nomination can be cancelled or changed at any time before policy
charges will be deducted.
The charges levied on the fund during settlement period are the fund matures, by an endorsement or a further endorsement or a will as the case

management charge, switching charge and mortality charges if any. The may be.

company will not levy any other charges. (6)A notice in writing of Change or Cancellation of nomination must be
Switches will be allowed during the settlement period. delivered to the insurer for the insurer to be liable to such nominee.
Partial withdrawals shall not be allowed during the settlement period. Otherwise, insurer will not be liable if a payment is made to the
During the settlement period, the Policyholder shall have an option to
person named in the text of the policy or in the registered records of the
withdraw the entire fund value at any time without levying any charge.
insurer.
E) Tax Bene
(7)Fee to be paid to the insurer for registering change or cancellation of a
Tax Bene may be available as per vailing tax laws. You are requested
nomination can be by the Authority through Regulations.
to consult your tax advisor
(8)A transfer or assignment made in accordance with Section 38 shall
F) Cancellation in the Free-Look period:
In case you are not agreeable to the any of the policy terms and conditions, automatically cancel the nomination except in case of assignment to the

you have the option of returning the policy to us stating the reasons thereof, insurer or other transferee or assignee for purpose of loan or against

within 15 days from the date of receipt of the policy. The Free-Look period security or its reassignment after repayment. In such case, the

for policies purchased through distance marketing (specified below) will be nomination will not get cancelled to the extent of insurer's or transferee's

30days. Onreceiptofyourletteralongwiththeoriginal policydocuments, or assignee's interest in the policy. The nomination will get revived on
we shall arrange to refund you the value of units allocated to you on the date repayment of the loan.
of receipt of request plus the unallocated part of the premium plus charges (9) The provisions of Section 39 are not applicable to any life insurance
leviedbycancellationofunits,subjecttodeductionoftheproportionaterisk policy to which Section 6 of Married Women's Property Act, 1874 applies
premium for the period on cover, the expenses incurred by us on medical or has at any time applied except where before or after Insurance Laws
examination and stamp duty. (Amendment) Act, 2015, a nomination is made in favour of spouse or
Distance Marketing refers to insurance policies sold through any mode children or spouse and children whether or not on the face of the policy
apart from face-to-fa ce interactions such as telephone, internet etc it is mentioned that it is made under Section 39. Where nomination is
(Please refer to “Guidelines on Distance Marketing of Insurance Product” intended to be made to spouse or children or spouse and children under
for exhaustive de of Distance Marketing)
 In such a case only, the provisions of Section 39 will not apply. rebate of the whole or part of the commission payable or any rebate of the
I) Assignment as per Section 38 of the Insurance Act 1938 as amended premium shown on the policy, nor shall any person taking out or renewing
from time to time: or continuing a policy accept any rebate, except such rebate as may be
This policy may be transferred/assigned, wholly or in part, with or without allowed in accordance with the published prospectuses or tables of the
consideration. insurer.

(1) An Assignment may be e ected in a policy by an endorsement upon the

policy itself or by a separate instrument under notice to the Insurer. 2. Any person making default in complying with the provisions of this
section shall beliable for a penalty which may extend to ten lakh rupees.
(2) The instrument of assignment should indicate the fact of transfer or
assignmentandthereasonsfortheassignmentortransfer,antecedentsof
K) Non-Disclosure: In accordance with Section 45 of the Insurance Act,
theassigneeandtermsonwhichassignmentismade.
1938 as amended from time to time:
(3) The assignment must be signed by the transferor or assignor or duly
authorized agent and attested by at least one witness. (1) No policy of life insurance shall be called in question on any ground
whatsoever after the expiry of three years from the date of the policy, i.e.,
(4) The transfer of assignment shall not be operative as against an Insurer
from the date ofissuance of the policy or the date of commencement of
until a notice in writing of the transfer or assignment and either the said
risk or the date of revival of the policy or the date of the rider to the policy,
endorsement or instrument itself or copy there of c o be correct
whichever is later.
by both transferor and transferee or their duly authorized agents have
been delivered to the Insurer. (2) A policy of life insurance may be called in question at any time within

(5) Fee to be paid for assignment or transfer can be specified by the three years from the date ofissuance of the policy or the date of

Authority through Regulations. commencement of risk or the date of revival of the policy or the date of
the rider to the policy, whichever is later, on the ground of fraud: Provided
(6) On receipt of notice with fee, the Insurer should Grant a written
that the insurer shall have to communicate in writing to the insured or the
acknowledgement of receipt of notice. Such notice shall be conclusive
legal representatives or nominees or assignees of the insured the
evidence against the insurer of duly receiving the notice.
grounds and materials on which such decision is based.
(7) The Insurer may accept or decline to act upon any transfer or assignment
or endorsement, if it has t reasons to believe that it is (a) not (3) Notwithstanding anything contained in sub-section (2), no insurer shall

or (b) not in the interest of the policyholder or (c) not in public repudiate a life insurance policy on the ground of fraud if the insured can

interest or (d) is for the purpose of trading of the insurance policy. prove that the mis-statement of or suppression of a material fact was
true to the best ofhis knowledge and belief or that there was no
(8) In case of refusal to act upon the endorsement by the Insurer, any person
deliberate intention to suppress the fact or that such mis-statement of or
aggrieved by the refusal may prefer a claim to IRDAI within 30 days of
suppression of a material fact are within the knowledge of the insurer:
receipt of the refusal letter from the Insurer.
Provided that in case of fraud, the onus of disproving lies upon the
Section H (Nomination) and I (Assignment & Transfer) are simplifed versions bene in case the policyholder is not alive.
prepared for general information only and hence are not comprehensive.
(4) A policy of life insurance may be called in question at any time within
For full texts of these sections please refer to Section 38 and Section 39 of
three years from the date ofissuance of the policy or the date of
the Insurance Act, 1938 as amended by Insurance Laws (Amendment) Act
commencement of risk or the date of revival of the policy or the date of
dated March 23, 2015.
the rider to the policy, whichever is later, on the ground that any
statement of or suppression of a fact material to the expectancy of the
J) Prohibition of Rebates: In accordance with Section 41 of the Insurance
Act, 1938 as amended from time to time: life of the insured was incorrectly made in the proposal or other
document on the basis of which the policy was issued or revived or rider
1. No person shall allow or o er to allow, either directly or indirectly, as an issued: Provided that the insurer shall have to communicate in writing to
inducement to any person to take out or renew or continue an insurance the insured or the legal representatives or nominees or assignees of the
in respect of any kind of risk relating to lives or property in India, any insured the grounds and materials on which such decision to repudiate
 the policy of life insurance is based: Provided further that in case of L) Indirect Taxes
repudiation of the policy on the ground of misstatement or suppression of Taxes and levies as applicable shall be levied as applicable. Any
a material fact, and not on the ground of fraud, the premiums collected on taxes, statutory levy becoming applicable in future may become
the policy till the date of repudiation shall be paid to the insured or the payable by you by any method including by levy of an additional
legal representatives or nominees or assignees of the insured within a
monetary amount in addition to premium and or charges.
period of ninety days from the date of such repudiation. Direct Taxes
(5) Nothing in this section shall prevent the insurer from calling for proof of Tax will be deducted at the applicable rate from the payments

age at any time if he is entitled to do so, and no policy shall be deemed to be made under the policy, as per the provisions of the Income Tax Act,
called in question merely because the terms of the policy are adjusted on 1961 as amended from time to time.
subsequent proof that the age of the life insured was incorrectly stated in
the proposal.

Contact us today

To buy: 1800-266-9777 (Toll free)

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The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested
in Linked Insurance products completely or partially till the end of fifth year.
HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Registration No. 101.
Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011.
Email: service@hdfclife.com | nriservice@hdfclife.com (For NRI customers only), Tel. No: 022-68446530 (Call charges apply) | NRI Helpline number +91 89166 94100
(Call charges apply). Website: www.hdfclife.com
The name/letter 'HDFC' in the name/logo of HDFC Life Insurance Company Limited (HDFC Life) belongs to HDFC Bank Limited and is used by HDFC Life under licence from
HDFC Bank Limited.
HDFC Life Sampoorn Nivesh (UIN No: 101L103V03) is a Unit Linked Non Participating Life Insurance Plan. Life Insurance Coverage is available in this product. This version
of the product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions and exclusions
contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer.
ARN: PP/03/24/9738.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
Public receiving such phone calls are requested to lodge a police complaint.