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The Guaranteed Base Income (GBI), as a percent of the sum assured, is paid annually post the Premium Paying Term and ranges from 8% – 12.5% depending on the plan option chosen. The Guaranteed Base income (GBI) can be availed monthly at 8% of the annual payout. On maturity, the last installment of the GBI, Simple Reversionary bonuses, interim bonus and Terminal Bonus, if any, is paid to the insured. On demise of the insured , higher of the sum assured on death + vested bonuses+ interim bonus + terminal bonus, if any or 105% of all total premium paid is payable. The amount which is higher of the following three are payable as the death benefit – 1) the maturity benefit, 2) 10times of annual premium. 3)7 times the annual premium. The premium paid is exempt from tax deduction as per section 80C of income tax act and the claim is also made tax free as per section 10(10D) of income tax act.

1. What are the coverage and exclusions that come under the policy? Here, we have mentioned what are included in the policy and what are excluded from it. Inclusions The policyholder can apply for loan against this policy. However, the loan amount is not allowed to exceed 80% of the acquired Surrender Value. Exclusions Only 80 % of the premium paid is returned to the beneficiary in case of the policyholders death (suicide) within 12 months from the commencement of the policy. Same is the case with policyholder committing suicide Within 12 months from the renewal of the policy. However, if the surrender value is higher than 80% of the premiums paid till then, then the surrender value is paid out instead of refunding the premium partially. 2. What are the documents required while filling the application form? Documents required while filling the application form are: Accurate medical history Address proof KYC documents. 3. What are the benefits offered by the policy? The Guaranteed Base Income (GBI) as a percent of sum assured is paid annually after the Premium Paying Term is over. It ranges from 8% – 12.5%, depending on the plan option chosen. The Guaranteed Base income (GBI) can be availed every month at 8% of the annual payout. On maturity, the last installment of the GBI, Simple Reversionary bonuses, interim bonus and Terminal Bonus, if any, is paid to the insured. On demise of the insured , higher of the sum assured on death + vested bonuses+ interim bonus + terminal bonus, if any, or 105% of all total premium paid is payable. The death benefit is higher of the following: 1) the maturity amount, or 2)10times the annual premium, 3) 7 times the annual premium (as per age). The premium paid is exempt from tax deduction as per section 80C of income tax act and the claim is also made tax free as per section 10(10D) of income tax act. 4. What are the key features of the policy? The key features of the policy are- It is a participating plan with limited premium payment option. The payouts start immediately after the PPT is over and continue for 8-15 years (as chosen by the policyholder). Guaranteed Base Income (GBI) accrue each year in the payout period as a percent of Sum Assured Simple Reversionary Bonuses, Interim Bonus and Terminal Bonus enhance the corpus. There are 6 plan options with different combinations of term, PPT and payout period.

Details About Premium Annual premium in Rupees for a SA of 5 lakhs Policy DetailsofHDFC SL Super Income Plan Grace Period: For the payment of due premiums, a grace period of 15 days is provided for monthly mode and 30 days for other modes. Policy Termination or Surrender Benefit: If the insured have duly paid all the premiums during the first 3 policy years, then he/she can surrender the policy. The surrender benefit is higher of special surrender value and guaranteed surrender value. Guaranteed Surrender Value = (Guaranteed Surrender Factor) x (cumulative annual premiums paid including the GSV of accrued bonus). Free Look Period: A free look period of 15 days is offered from the date of policy issue date. The owner of the insurance policy can cancel the policy if he/she does not liked the plan terms and conditions. However, there is one criteria that there should be no claim made during this period. Additional Features or Riders Rebate on opting for higher sum assured amount (4 lakhs and above). Inclusions The policyholder can apply for loan against this policy. However, the loan amount is not allowed to exceed 80% of the acquired Surrender Value. Exclusions Only 80 % of the premium paid is returned to the beneficiary in case of the policyholders death (suicide) within 12 months from the commencement of the policy. Same is the case with policyholder committing suicide Within 12 months from the renewal of the policy. However, if the surrender value is higher than 80% of the premiums paid, then the surrender value is paid out instead of refunding the premium partially.

Super Income Plan is a traditional savings plan which promises regular incomes for a guaranteed term thus providing cash liquidity when needed and also provides life insurance coverage. Key FeaturesofHDFC SL Super Income Plan It is a participating plan with limited premium payment option. The payouts start immediately after the PPT and continue for 8-15 years as chosen. Guaranteed Base Income (GBI) , as a percentage of Sum Assured , accrues each year during the payout period. Simple Reversionary Bonuses, Interim Bonus and Terminal Bonus are paid out that help enhance the corpus. There are 6 plan options with different combinations of policy term, Premium Paying Term and the payout period.