HDFC ULIP Plans
  • Explore HDFC Life Insurance
  • ULIP Plan features and benefits
  • Buying and Claim Process
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HDFC ULIP Plans: Overview

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:

why-choose
  • Higher returns

  • Death benefits

  • Maturity benefits

  • Partial withdrawal benefits

Eligibility Criteria for HDFC ULIP Plan

Your Occupation

Entry age

Minimum Age- 14 year

Mukhyamantri Amrutam Yojana

Maturity age

70 years

Your Gender

Policy tenure

10 to 30 years

Maternity Benefit Rider

Premium payment term

10 to 30 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly,

Maternity Benefit Rider

Sum assured

Rs 1 lakh to No limit

HDFC ULIP Plan Types

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.

  1. HDFC Ulip Plans

    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
    • Partial withdrawals
    • Redirection of Premium
    • Switching

Overview of HDFC ULIP Plans

Here is a quick overview of the HDFC ULIP Plans listed in the above table.

HDFC ProGrowth Plus Plan

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.

Here are the key features of the HDFC Life ProGrowth Plus Plan:
  • Flexibility to choose from Life and extra life options.
  • Partial withdrawals
  • Under this plan, the assured can change the premium paying frequency at anytime.

Benefits of HDFC ULIP Plans

There are multiple benefits of HDFC ULIP Plans. Read below to understand the number of advantages provided by these plans.

Higher returns

Investing in HDFC ULIPs can provide 12%-15% returns on investment for a tenure of 10 years.

Maturity benefits

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).

Death benefits

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.

Long-term investment benefits

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.

Withdrawal benefits

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.

Riders You Can Avail With HDFC ULIP Plans

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 ULIP Plans

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

  • Flexibility to Invest in Funds
  • Regular Premiums
  • Sample Premium Rates

HDFC ProGrowth Plus (Pros)

HDFC ProGrowth Plus
  • Partial withdrawals
  • Redirection of Premium
  • Switching

HDFC ProGrowth Plus (Cons)

HDFC ProGrowth Plus
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

HDFC ProGrowth Plus (Other Benefits)

HDFC ProGrowth Plus
  • Flexibility to Invest in Funds
  • Regular Premiums
  • Sample Premium Rates

HDFC ProGrowth Plus (Eligibility Criteria)

HDFC ProGrowth Plus
  • Minimum entry age- 14 years
  • Maximum entry age- 65 years
  • Minimum sum assured- Rs 1
  • 00
  • 000
  • Maximum sum assured- Higher of 10 x annualized premium
  • Maximum policy term- 30 years
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All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

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I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

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Documents Required to Purchase HDFC ULIP Plans

Here is the list of documents required to buy HDFC ULIP Plans:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy HDFC ULIP Plans ?

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.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘ULIP Plan’ tab under 'Life Insurance' from the top of the menu.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of HDFC Life Insurance Company.

  • Step 2

    Hover on ‘Investment Plans’ click on the ULIP plan and choose the plan you want to buy.

  • Step 3

    Click on the ‘buy now’ button and fill in the required details.

  • Step 4

    Tap on 'next' and select a plan as per your requirements.

  • Step 5

    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.

Exclusions of HDFC ULIP Plans

  • If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. They receive just the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater. If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death payments. They receive just the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.

Conclusion

In conclusion, HDFC ULIP Plans provide you with market-linked returns that help you grow your money over time. Before investing you should understand the risk-return ratio associated with it. For more info related to HDFC Life ULIP Plans, you can contact Policyx.com 24/7. Our trusted insurance experts listen to your every unique problem and suggest the best possible solution for you.

Life Insurance

More Queries?

If you have any more queries regarding HDFC ULIP Plans , Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

FAQs: HDFC ULIP Plans

1. How will an HDFC ULIP plan help me achieve my financial goals?

When you opt to purchase a ULIP from HDFC Life, you’re securing not just your financial future but your family’s future as well. HDFC ULIP plan provides life cover and allows you to choose how to invest your money. You can opt to invest in different funds that invest in equity or debt funds or a mix of both based on your risk appetite.

2. What are the different types of ULIP Plans that one can invest in?

Depending on one’s financial goals and risk appetite, investors can choose between equity, debt, and/or other instruments to invest in. Funds under ULIP include a number of instruments. The ratio of debt to equity held is different for every fund. A ULIP has multiple such funds to choose from.

3. How much return is guaranteed in ULIP Plans?

The returns on ULIPs can vary because the investor gets to choose the combination of equity, debt, hybrid funds in their investment.

4. How much return is guaranteed in HDFC ULIP?

The returns on ULIP plans vary based on the investor’s selection of equity, debt, hybrid funds in combination for their investment.

5. How can I manage and track my fund value in the ULIP plan?

The fund value is the Net Asset Value (NSV) of a fund on the given day, multiplied by the number of units held by the investor.

6. Can I surrender a ULIP plan at any time?

If a ULIP plan is surrendered after the 5-year lock-in period, the entire fund value is paid to the policyholder.

7. How can I check the policy status for the HDFC Life ULIP plan?

Visit the official website of HDFC Life to check policy status, if you are a registered user. Log in the details into the portal like your client number and password to check the status.

8. What is the process to settle claims for HDFC Life ULIP plans?

HDFC Life allows you to make quicker, simpler, and more efficient claims by using their online platform. To do so, you must follow the following steps: Visit HDFC Life’s official website Scroll Down to the ’Make a Claim’ section and click on ’Submit Claim’. The ’How to make a claim’ section provides you with a link to make an Individual death claim. Click on the option ’Click Here’ to proceed. Verify the policy details, submit life assured details, and submit the nominee’s details along with the necessary documents.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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Priya Singh

Written By: Priya Singh

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.