HDFC ULIP Plans
- Explore HDFC Life Insurance
- ULIP Plan features and benefits
- Buying and Claim Process
HDFC ULIP plans offered by HDFC Life are a combination of investment and protection plans. HDFC ULIP plan provides the benefits of an insurance life cover and market-linked investments which are subject to risk associated with capital markets. HDFC Life ULIP plan offers the flexibility to invest in debt or equity funds depending on the life-assured risk appetite and financial objectives.
HDFC Life ULIP plan also offers tax benefits on premium payments, thus taking care of your future goals such as securing your child's future, creating wealth, and planning your retirement goals. HDFC Life ULIP has numerous plans to choose from, based on people’s requirements, aligning with the financial needs of Indian citizens.
HDFC ULIP Plans ensures to look after your investment needs by offering:
Higher returns
Death benefits
Maturity benefits
Partial withdrawal benefits
Minimum Age- 14 year
70 years
10 to 30 years
10 to 30 years
Annual, half-yearly,
Rs 1 lakh to No limit
To cater to the dynamic insurance needs of an individual and their family, HDFC ULIP comes with a range of plans. This allows their customers to choose an ideal plan for themselves. The company ensures to offer a plan for everyone.
| Plan | Entry Age | Tenure | Minimum Sum Assured | Unique Features |
|---|---|---|---|---|
| HDFC ProGrowth Plus | Minimum Age - 14 years Maximum Age - 65 years | 10 to 30 years | Higher of 10 x annualized premium or 0.5 x policy term x annualized premium |
|
Here is a quick overview of the HDFC ULIP Plans listed in the above table.
HDFC Life ProGrowth Plus is a unit-linked insurance and regular premium plan where the premium is invested in the market, thus providing good returns along with various benefits. This plan offers the flexibility to choose investment funds and regular premiums.
There are multiple benefits of HDFC ULIP Plans. Read below to understand the number of advantages provided by these plans.
Investing in HDFC ULIPs can provide 12%-15% returns on investment for a tenure of 10 years.
If a policyholder survives beyond the maturity period of the policy, he/she gets the accumulated fund as the maturity/survival benefit from the insurer. The amount paid as maturity benefits is equal to the fund value. The maturity benefits are exempted from tax under Section 10(10D).
In the case of the unforeseen demise of the policyholder during the tenure of the policy, the death benefits are paid to the family member of the policyholder who is registered as the beneficiary.
Investing in the market for the long term gives higher returns and helps you deal with market volatility. HDFC ULIP lets you invest in the market for the long term so that you get high returns on your investments.
ULIP allows the partial withdrawal of funds to the investors in case of any emergencies. Wherein, an investor can withdraw funds up to a certain limit to meet their fund requirements arising because of an emergency.
| Name of the rider | Benefits |
| HDFC Life Income Benefit on Accidental Disability Rider | In the case of an Accidental Total Permanent Disability, this benefit is equal to 1% of the Rider sum assured per month for about the next 10 years. This rider does not offer any maturity benefit. |
| HDFC Life Critical Illness Rider | In case, you are diagnosed with any of the 19 critical illnesses, a lump sum benefit equal to the sum assured shall be payable. |
HDFC Life ProGrowth Plus is a unit-linked insurance and regular premium plan where the premium is invested in the market, thus providing good returns ...
Unique Features
Here is the list of documents required to buy HDFC ULIP Plans:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
HDFC ULIP Plans allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.
Visit the official website of PolicyX.com.
Click on the ‘ULIP Plan’ tab under 'Life Insurance' from the top of the menu.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of HDFC Life Insurance Company.
Hover on ‘Investment Plans’ click on the ULIP plan and choose the plan you want to buy.
Click on the ‘buy now’ button and fill in the required details.
Tap on 'next' and select a plan as per your requirements.
Select the cover option you want and make your payment. Once the payment is made, you will get a payment confirmation at your registered email address.
If you have any more queries regarding HDFC ULIP Plans ,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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Priya has been in the content writing industry for over 9 years. She has been religiously following the insurance sector since the start of her career which makes her an avid insurance expert. Her forte lies in health, term, and life insurance writing, along with her knowledge of the latest developments in the insurance sector.
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