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. |
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.
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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