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insurance
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A Unit Linked Non Participating Life Insurance Plan that will enable you to enjoy life cover and benefit from market linked returns
Invest in any of the 10 fund options of your choice
In case of an accidental death we will pay an additional sum assured to the nominee1
Option to make partial withdrawal from funds to meet financial emergencies, if any2
Invest in any of the 10 fund options of your choice
In case of an accidental death we will pay an additional sum assured to the nominee1
Option to make partial withdrawal from funds to meet financial emergencies, if any2
Maturity Benefit
You may redeem your balance units at the then prevailing unit price and take the fund value.
You have the option to take the Unit Fund Value in periodical instalments over a period which may extend to a maximum of 5 years.
Before buying HDFC Life ProGrowth Plus
Parameters |
Minimum |
Maximum |
|
---|---|---|---|
Entry Ages Life Option |
0 years (30 days) |
65 years |
|
Entry Ages Extra Life Option |
18 years |
55 years |
|
Maturity Age Life Option |
- |
75 years |
|
Maturity Age Extra Life Option |
- |
70 years |
|
Premiums |
|||
Annual |
Rs. 24,000 |
No Limit, subject to board approved underwriting policy |
|
Half Yearly |
Rs. 10,000 |
||
Quarterly |
Rs. 7,500 |
||
Monthly |
Rs. 2,500 |
||
Sum Assured |
|||
Age less than 45 years |
Higher of 10 x annualized premium or 0.5 x policy term x annualized premium |
40 x annualized premium, |
|
Age equal to 45 years and above |
Higher of 7 x annualized premium or 0.25 x policy term x annualized premium |
||
Policy term ^ |
10 years |
30 years |
|
Premium Payment Term ^ |
Limited Pay: 5, 7, 10 & 12 years Regular Pay : Premium Payment Term shall be equal to policy term chosen |
UIN: 101B013V03
Get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an accident.
DOWNLOADUIN: 101B014V02
We pay a lump sum amount equal to Rider Sum Assured upfront if diagnosed with of any of the specified critical illnesses
DOWNLOADUIN: 101B016V01
Get protected with a proportion of Rider Sum Assured in case of accidental death or partial/total disability due to accident or diagnosed with Cancer
Talk to an
Advisor right away
We help you to choose best insurance plan based on your needs
Your Required life cover to protect your family’s future is
HDFC SL ProGrowth Plus, this ULIP plan will help you to make the most of equities by channelizing your savings effectively.
The HDFC SL ProGrowth plus gives:
HDFC Life ProGrowth Plus is a regular premium unit linked insurance plan. In this plan you can choose your regular premium and the investment fund(s). We will then invest your regular premium, net of premium allocation charges in your chosen fund(s) in the proportion you specify. At the end of the policy term, you will receive the accumulated value of your fund(s).
In case of the Life Assured's unfortunate demise, we will pay the highest of the following to the nominee:
The policy will terminate thereafter and no more benefit will be payable.
We will also pay the Accidental Death Benefit (if applicable) which is the Sum Assured in addition to the Death Benefit described above. Your policy will terminate thereafter and no more benefits will be payable.
There are 10 fund options to choose from in this plan:
Income Fund
Balanced Fund
Blue chip Fund
Opportunities Fund
Equity Plus Fund
Bond Fund
Diversified Equity Fund
Conservative Fund
Discovery Fund
Equity Advantage Fund
Minimum premium amounts for various premium payment frequencies are as follows:
Annual: ₹ 24,000
Half Yearly: ₹ 10,000
Monthly: ₹ 2,500
Annual, Half-yearly and Monthly*
*It is mandatory for policies with monthly frequency to be taken with ECS/SI & to pay first 3 months premiums in advance.
To check fund performance CLICK HERE
Tax benefits under sections 80Cand 10(10D) of the Income Tax Act 1961 subject to provisions contained therein
* Subject to provisions, as per Income Tax Act 1961. Tax benefits are subject to changes in tax laws.
The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.
HDFC Life ProGrowth Plus (UIN No: 101L081V06) is the name of the Unit linked, Non-Participating, Life Insurance plan.
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand andHDFC Life ProGrowth Plus (UIN No: 101L081V06) ) is only the name of the unit linked life insurance contract. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
ARN: PP/07/22/29911