HDFC Life Sampoorn Samridhi Insurance Plan-Review

HDFC Life Sampoorn Samridhi Insurance Plan-ReviewHDFC Life Sampoorn Samridhi Insurance Plan-Review

HDFC Life Sampoorn Samridhi Insurance plan is simple traditional plan which offers 2 unique options at maturity. This makes this plan different from other insurance products. This article is based on request made by Anup Biswas and one more reader Madhur at “Suggest a topic” option.

In this article, I would discuss about HDFC Life Sampoorn Samridhi Insurance plan, its features, benefits and some of the FAQ’s on Sampoorn Samridhi Insurance plan.

Features of HDFC Life Sampoorn Samridhi Insurance Plan

  • This is an endowment plan which offers choice of maturity options.
  • Offers high sum assured greater than Rs 5 Lakhs
  • Accidental benefit is inbuilt in this policy
  • Benefits paid lump sum
  • It is with ‘profit’ plan

Also read: LIC Jeevan Bhachat Single premium insurance review


  • Minimum age: 18 years
  • Maximum age: 60 years
  • Maximum age at maturity: 75 years
  • Policy term – 5 years to 40 years
  • Premium payment – Monthly, quarterly, half-yearly and yearly

What are the benefits available in this plan?

1) Death Benefit: In case of unfortunate death of insured, Sum Assured with bonus additions would be paid to nominee. In case of accidental death, additional sum assured is also paid.

2) Maturity Benefit: If the insured is surviving till maturity, insured would get benefits as per chosen options (one of the below)

  • Enhanced Cash Option: Sum Assured + Revisionary bonus + Interim Bonus + Terminal Bonus + Enhanced terminal bonus.
  • Enhanced Cover Option: Sum Assured + Revisionary bonus + Interim Bonus + Terminal Bonus + Additional coverage till age of 99 years.

3) Tax Benefits: Tax benefits on premiums paid u/s 80C up to Rs 1 Lakh.

Advantages under this plan

  • Offers 2 unique maturity options which makes different from other plans.
  • If one chooses, enhanced life cover, additional cover till age of 99 years.
  • Accidental benefit is in-built in this plan. No additional charges.
  • If you opt for sum assured of >=Rs 5 Lakh, you would get 5% discount/rebate on basic premium.
  • Guaranteed reversionary bonus of 3% up to 31-Mar-2021. Beyond this, it would depend on insurance company performance.
  • Prospectus of HDFC Life Samoorna Samridhi Insurance plan can be downloaded from here 

Indicative premiums are shown below for a sum assured of Rs 2.5 Lakhs

Age             10 Years Policy Term        20 Years policy Term

20                      Rs 29,653                        Rs 14,150

30                      Rs 30,653                        Rs 14,932

40                      Rs 32,538                         Rs 15,800

Some of the Frequently Asked Questions (FAQ’s)

1) Agent told me wrong info, can I surrender policy as I am not happy?

There is free-look-up period of 15 days from the date of receiving policy contract. You can surrender the policy before that. Premiums paid would be returned back after deducting stamp duty and medical expenses (if any)

2) I want to surrender the policy after few years, can I do that? What is the surrender value?

Guaranteed surrender value after 3 years is available. Guaranteed value is equivalent to 50% of all premiums paid barring first year premium or any additional premiums paid in between. E.g. if you paid 4 years premiums of Rs 25,000 per annum each totaling to Rs 1 Lakh. Surrender value would be 0 + Rs 12,500 + Rs  12,500 + Rs 12,500 = Rs 37,500. If you surrender this policy in between, you would be the looser.

3) Can I take loan on this policy?

No. Loan facility is not available on this policy.

4) Is this plan comparable with any LIC Insurance plan? If yes, which one should we choose?

Yes, the features are mostly comparable with LIC Jeevan Anand. LIC ranks high in insurance company brand comparing to HDFC Life. You can make a choice among two.

Also read: How good is Bharti Axa Life Secure Income Plan

5) My agent indicated that I would get 8% returns on this plan, how far this is true?

Insurance agent’s objective is to sell the insurance policies. None of the insurance companies are giving 8% returns. These insurance-cum-investment products provide anywhere between 3% to 5.5% returns per annum. If they are able to provide beyond this, it is good, but don’t expect more than that.

6) Plan indicates that maximum maturity age is 75 years, however enhanced life cover says 99 years, and I am confused?

Insurance plan maturity age is 75 years. Means if you are at 45 years of age, you cannot take more than 30 years policy which gets matured in 75 years of age. However enhanced life cover is not maturity, it is life coverage given to insured as an option. You may pay premiums based on policy term, but your enhanced coverage would be up to 99 years.

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HDFC Life Sampoorn Samridhi Insurance Plan-Revie

Article by Suresh

Suresh KP i.e. me have written 500+ articles on this blog. I love doing analysis and identifying the Best investment options.


  1. Sandeep says:

    Hdfc sampoorn samridhi plan will land up with distrust for buyers actually Hdfc is cheating people.But it is again true by such blog atleast few people can be saved .

  2. Thambidurai says:

    Hi Suresh,

    Thanks for your explanation about this policy. It was really helpful for me. Could you please advise me on the below,

    I took this plan for 5 years.

    I paid (3 and half years) 12500 * 7 = 87500. Can i surrender this plan now .? Please advise…

    What is the total amount i will get if i surrender this now ?

    Suppose if i paid 5 years 125,000, then what is the total amount i will get ?


  3. Sarathy says:

    Hi Suresh,

    Thanks for writing such blogs and helping people and I need one favour from you.I am very much confused after taking this plan bank in 2012 for premium of 36,000 for 5 years and have already paid 2 years of premium.

    After 5 years I would have paid 1,80000 Rs but after seeing in other sites I will be getting returns of only 160000 to 170000 Rs which is lesser than my Investment..Can HDFC terming this as a traditional plan cheat people this way?? will I atleast get what I invested?


  4. Bilaven says:


    Thanks for the review. I would not have invested in this plan if I read this article and comments earlier. :) I took this plan 2 years back and I am paying one lakh per annum for 8 lakhs sum assured. For 10 years if I pay one lakh per annum then it will cross my sum assured. 3 to 5.5 % return is on which amount the company will calculate? May be I am missing a basic point. Please let me know. Looks like I made a mistake here. :)

    • Suresh KP says:

      Life insurance companies would indicated 6% to 8% on the amount what they show you. But I would calculate on what you invested. Here in this case, I am talking about Rs 1 L x 10 years = Rs 10 Lakhs. You can expect 3% to 5.5% on this. But what life insurance companies would do is calculate returns after all allocations / charges reduced from your invested amount. They show 6% to 8%. It is immaterial on how they calculate. Ultimately it matters what you get it. Even now, you can review the situation and get out of such schemes.

  5. rajendra jain says:

    respected sir

    I have paid three installment in respect of HDFC Sl Sampoorn Samrdhi

    Now if I have not paid any premium as my policy is paid up mode any adverse effect

    When I made surrender this policy





  6. pulasti says:

    where can i find the historical rates of terminal bonuses and enhanced terminal bonuses for sampoorna samridhi?

  7. Madhur says:

    Hi Suresh,


    Thanks for your in-depth analysis for this plan. Your views were exactly the same as I had anticipated regarding the % return in such policies. The companies claim a lot but what we have seen historically is much less. I am prety much convinced that exclusive products are the way to go instead of combo meals (products) :)

    Thanks again..

    • Suresh says:

      Thanks Madhur for your valuable feedback. 

    • Dinesh Shirvaikar says:


      I don't think it is the companies who claim a lot but their agents who are the real culprits. And the companies themselves have little or no control over the promises that these elements make to the gullible prospects only to earn a fat commission for themselves or meet their targets. Because these agents are the ones who paint a rosy picture which often is quite far from the truth. And to share a honest personal opinion, the people who buy these products without a second thought probably deserve the misery they find themselves in. And it would be a fallacy to assume that only the illiterate ones or people who don't understand finance fall for these crooks. I know a lot of people in IT industry (supposedly an analytical lot) and bank executives (supposedly financially literate) who have bought such products only to regret a few years later (remember the ULIP wave when the markets were booming). And it is these very gentlemen whom u would find doing research on what latest smartphone or LED TV to buy and bargaining with the dealer to get the best deal. But when it comes to life's crucial decisions such as investing one's savings, the ignorance and apathy is galling to say the least.

      And these are the very people whom u find on tv shows asking the so-called financial expert answering viewers queries – "I want to invest for my child's education and need the money in 10-15 years. Which insurance policy should I buy?". If such learned people ask such questions in public, what can u say of the ordinary masses who are far less equipped with financial knowledge?

      And to elaborate further, I guess it is human psychology to get carried away with the promise of lakhs of rupees after a few years, without realising the actual returns that u are getting from the amounts u would have paid over the years. When the agent says that if u pay a few tens of thousands for a few years u will get a few lakhs in return after a gap of a few more years, most people who end up buying such products just end up dreaming what they would do with a few lakhs in hand after the stipulated period without ever realizing what those lakhs would be worth at that point, far less the tax implications.

      • Suresh says:

        Ha ha, Dinesh, you can help me in writing couple of guest articles on my blog . The comments you are making are true, but how many of us accept this ? Inspite of reading similar articles, we end-up investing in several of these products. It is the “human pschology” which you pointed out is playing role :-)

  8. Sharath says:


    About 8 years ago, I took an endowment plan from LIC with a sum assured for Rs. 25 lakhs for which I pay an annual premium of Rs 1,32000.My wife too had taken another endowment policy with sum assured for Rs. 5 lakhs with an annual premium of Rs.43,000. At that time we didnt know that term plans were better than endowment. Since I have 8 0r 9 years still to go before reaching maturty, I am thinking of surrendering both and taking a term plan for mysef. According to your calculations given in the article, I think both policies together will give a surrender amount of around 6 lakhs? Wont we get any bonuses that have accrued during this period. Do you feel surrendering is advisable?

    i would like to take term plans from different companies worth 4 crores.Can you please suggest a mix from LIC, ICICI, HDFC etc that will give me a cover of 4 crores for 20 years? What will be the total premiums to be paid annually for them?



    • Suresh says:

      Sharath, These illustrations are for this scheme only. It may differ based on the Term and conditions of LIC policy taken by you. However agree that you would not get specific bonuses if you surrender before maturity. Regd 4 Cr policies, you can consider taking in this order 1) LIC Term insurance policy 2) HDFC Click 2 protec 3) ICICI Pru term insurance policy etc. However the premium depends on your age, rider, policy value. Go online and you can get all premiums online.

    • ICICI Prudential Life Insurance says:

      Dear Sir(Sharath),


      Do assess your needs before you decide on the cover amount. You can use our online calculator to access the ideal life cover:


      You may consider ICICI Pru iCare, our online term plan which can easily be purchased online and allows you to get a cover of upto Rs. 1 crore without any medical tests. To know more visit:


      Regarding claims, we are committed to honor all claims quickly and fairly. In its annual report for FY12 by the industry regulator IRDA, ICICI Prudential has a healthy claims acceptance ratio of 96.5%. You can access the report by clicking


       Please understand that we only offer suggestions based on your requirements, however choosing a policy most appropriate for you remains at your discretion.


      Warm Regards,

      Life Insurance Help

      ICICI Prudential Life Insurance


  9. Dinesh Shirvaikar says:

    I am not sure who really benefits from such Endowment or Money-back plans except the Insurance agent and the Insurance company ! Certainly not the insured.

    Look at it this way – You buy an Endowment or Money-back plan thinking that u get insurance as well as some returns.

    Though in absolute terms, u are getting some returns on the premiums paid and some insurance as well, if u do a reality check, u will see that both are hardly adequate to survive in the current world. For e.g. consider that u take Rs 5 lakh as Sum Assured in an Endowment or Money-back plan.

    Now, if something were to happen to you prior to the policy term and u are the family bread-winner, ur dependents will get this amount. Now is the thinking part. How long do u think this will help your family live in today's world, especially in a metro or Tier-1 city – 2, 3 5 years, even assuming that some more amount for bonus etc. is added to the final amount ? What after that? Isn't the purpose with which u took the insurance in the first place defeated?

    And even if u consider the money-back option, u get about a periodic amount (in most cases 20%) every few years. Now 20% of 6 lakh (again assuming additions fro bonus etc, where applicable) would be 1.2 lakh. If u consider the cost of education in  a metro or Tier-1 city, where do u think your child will be able to get education in this amount? A quality school/college? Unlikely.

    Again, isn't the purpose with which u took the insurance policy in the first place (peridoic payments for child's education) defeated? And if u really want reasonably high amounts periodcially from such policies, u will find that u have to pay a bomb (a huge premium) for such policies. So all in all, u have neither the protection for your dependents nor the returns for anything useful.

    Instead just consider how much of a term cover u would get by paying the same premium? It would be of the order of at least 5-10 times (conservatively considering other factors such as age, health etc). Now would this not be a realistic amoutn for your dependents to have any hopes of surviving? And if u find that u get an amount too high for your needs, u can always think of putting the rest of the amount (after paying the premium for the desired life cover), into a good equity/balanced mutual fund and see it grow over a period of time into a meaningful sum for you and your dependents.

    A thumb rule is that your life cover should be at least 10 times your annual income without considering other liabilities such as loans. Or in other words the life cover u should look for is (10 X Annual salary) + Pending loan amounts. Now do this calculation, go to your insurance agent for this Sum Assured and see the premium u will have to pay.

  10. Balaji says:

    Hi Suresh

    Are you recommeding to invest in this? I guess, we were discouraged to invest in such "endowment" or "moneyback" plans are the charges are very high and also the returns are not that great. We all would like to know your view? Would you invest in this?



    • Suresh says:

      Hi Balaji, You know that I would not recommend to buy any such products. However there are several investors who are looking for such investment products. I can atleast tell what is good or what could be exepcted from such plans so that such investors would not have high expectations that they would get 8% returns. They would only expect between 3% to 5.5% returns. 

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