Hence, there are two unique plans for the kids welfare in hdfc life insurance company. Hdfc life is a joint venture between housing development finance corporation limited hdfc, indias leading housing finance institution and standard life plc, the leading provider of financial services in the united kingdom. Hdfc sl young star plan is a unit linked insurance plan ulip for the benefit of a child, where the parent is the life insured. Hdfc life insurance company is a joint venture between housing development finance corporation limited hdfc and standard life plc. For more details on risk factors, associated terms and conditions and. Should i continue with hdfc life young star plan youtube. Hdfc standard lifes new child ulip youngstar super. Hdfc life super income offers an opportunity to participate in the profits of a participating fund by way of bonuses. You may redeem your balance units at the then prevailing unit price and take the fund value. If you or your spouse is a senior citizen, then this limit can go up to rs. Hdfc child plans hdfc life insurance youngstar plan details. Hdfc bank life youngstar udaan get payouts for childs key.
Hdfc sl youngstar super premium, a unitlinked insurance plan ulip designed to accumulate savings for your childs future, even in your absence. Some plans cover the life of the child and other plans are for the benefit of the child. An sms welcoming you as an hdfc sl youngstar super premium customer. Hdfc sl young star super premium plan is a triple benefit unit linked insurance plan ulip for the benefit of a child, where the parent is the life insured. Hdfc sl young star super premium plan hdfc youngstar super premium is a unit linked child plan which creates a financial safety net for your childs future even in your absence. The premium paid for a health insurance plan can be for you, your spouse, and dependent children. Hdfc life youngstar udaan is an endowment plan that offers good bonus on maturity. Hdfc sl youngstar super premium nri life insurance. Your policy at a glance this is a document that will help you to understand the key features of this product and is not the policy document.
The nameletters hdfc in the namelogo of the company belongs to housing development finance corporation limited and is used by hdfc life under a licenceagreement for more details on risk factors, associated terms and conditions and exclusions, please read the sales brochure carefully before concluding a sale. A letter confirming the approval of your hdfc sl youngstar super premium policy from hdfc life a welcome sms. Hdfc standard life launches youngstar champion business. Hdfc sl youngstar super premium overview this plan is a unit linked insurance plan ulip and is a children insurance plan, to help build your savings for a better future for your children, when it comes to their further education, their wedding, new home or vehicle. Recently, hdfc standard life launched its new child ulip youngstar super. Joshi marg, mahalaxmi, mumbai 400011, maharashtra, india. Hdfc life insurance company limited formerly hdfc standard life insurance company limited is one of the leading private life insurance companies in india offering various insurance policies that best suits your need. Hdfc life young star super premium hdfc securities. Hdfc sl young star super premium key features it is a unit linked plan with regular premium payment mode. P501 is a traditional insurance product offered by hdfc life.
Yearly paymentstoyourfamilyin case ofyou unfortunate demise. Hdfc sl young star super premium plan compare and buy. Get the latest nav value, performance and returns of hdfc youngstar super suvidha growth fund ii. There are 3 kinds of maturity survival benefits you can choose from. This snapshot of illustration is only for hdfc slyoung star super premium life option save bene. Hdfc sl young star super premium plan is a unitlinked child plan which aims to secure the childs future through accelerated growth and life insurance protection. Hdfc sl youngstar super premium nri life insurance policy. Our vision is to provide innovative and customercentric insurance plans that can help our customers secure their familys. The age and term limits for hdfc sl youngstar super premium are as shown after the withdrawal and applicable charges, the fund value is not less than 150% of your original regular premium. We have made every effort to design your policy document in a simple format. Renewal premium 10,749 9,826 group premium 4,495 2,830 total premium 19,445 16,3 profit after tax 892 818 assets under management 91,742 74,247 other key parameters particulars fy 2017 fy 2016 embedded value 12,389 10,233. Both hdfc child plans provide a choice of funds to suit a policyholders risk appetite. Hdfc sl youngstar super premium hdfc life insurance.
Apr, 2016 hdfc sl young star plan is a unit linked insurance plan ulip for the benefit of a child, where the parent is the life insured. M joshi marg, mahalaxmi, mumbai400011, maharashtra, india. Hdfc sl young star super ii plan is a unit linked insurance plan ulip for the benefit of a child, where the parent is the life insured. The linked insurance products do not offer any liquidity during the first five years of the contract. Accessing your money a on maturity your policy matures at the end of the policy term you have chosen and all your risk covers cease. Once you have purchased an hdfc sl youngstar super premium. The sl youngstar super premium plan is a unit linked insurance plan from hdfc life that comes with life insurance cover to secure the future of your children. This includes basic sum assured and future premium funding till policy tenure. The charges, for hdfc unit linked youngstar champion include administration charges of rs. Hdfc child plans hdfc life insurance youngstar plan.
Life insurance coverage is available in this product. Start saving now with this unit linked insurance plan and be assured that savings for your child will continue, even in your absence. It is a moneyback plan which offers three different payout options aspiration or academia or career on maturity. There can be two types of risk benefit charges in our unitlinked products. Hdfc sl youngstar super premium opportunities fund. The best birthday gift supports your child, through lifes.
There are two benefit options of save and savengain and the policyholder can choose any benefit payout option as per his requirement. Hdfc bank life youngstar udaan get payouts for childs. Hdfc life youngstar udaan overview this plan is a unit linked insurance plan ulip and is a children insurance plan, to help build your savings for a better future for your children, when it comes to their further education, their wedding, new home or vehicle. This snapshot of illustration is only for hdfc slyoung star super premiumlife option save bene. Know claim process of hdfc life sl young star super premium. A fairpriced scheme with high life cover hdfc youngstar super premium is a child unit linked insurance plan which provides the child nominee with financial security on unfortunate demise of parents. About the company hdfc standard life insurance company limited hdfc life is a partnership between hdfc ltd. I want to know how this plan will work for me after 15 years. Health insurance for senior citizen india hdfc ergo. The life insurance product is underwritten by hdfc standard life insurance company limited. Under section 80d, you can get a deduction of up to rs. The policyholder can choose the sum assured 540 times of the annual premium and seven fund options. Hdfc standard lifes new child ulip youngstar super the.
Policy document hdfc sl youngstar super premium unique identification number. Housing development finance corporation limited hdfc is the indias leading housing finance institution. Children insurance plans help build savings so that over time there is enough to finance your childs education, marriage, house or car. The customers who want to buy this plan can check the complete details about the plan here.
In case of any discrepancy between this document and your policy document, the policy document will prevail over this document. This ulip plan offers you choice of cover options and benefit payment. This plan does not cover the life of a child but it is meant for the security of the childs future even if anything happens to the parent. Hdfc young star super premium is a ulip plan catering to your childs future needs.
The grace period for monthly frequency is 15 days from the premium due date. Hdfc sl youngstar super premium is a unit linked insurance plan ulip designed to accumulate savings for your childs future, even in your absence. The age and term limits for hdfc sl youngstar super premium are as shown below. The hdfc child plan, hdfc sl young star super premium, is a ulip plan that helps maximise growth potential.
The plan creates a corpus over the term of the policy, and this helps in generating an income for life, for utilisation after your earning years. This plan has a grace period of 30 days for yearly, halfyearly and quarterly frequencies from the premium due date. A letter from hdfc bank and hdfc life covering the keys features of the policy. Question askok from ludhiana have taken a hdfc life young star for pension purpose. There is no bigger joy than being able to fulfil your childs dream on your own. On maturity, the beneficiary of the plan will receive the fund value. Any death benefit or critical illness cover will terminate immediately. Conveniently pay your premiums or renew your policy through multiple modes credit card, internet banking, cheque, auto debit facility. With hdfc sl youngstar super il you can fulfill your childs immediate and future needs.
Hdfc sl youngstar super premium the hdfc sl youngstar super premium gives. Invest in your childs dreams and secure your self respect. Finally, on the original maturity date, the prevailing fund value is paid to the child. Facilities like systematic transfer plan and dynamic fund allocation help in safeguarding investments against market volatility. The plan is ideal for individuals who need a regular incometo do away with worries of future expenses. Hdfc life single premium pension super is a single premium unit linked pension plan that assists you in securing your finances postretirement. Grace period is the time provided after the premium due date during which the policy is considered to be inforce with the risk cover. New business premium 4,201 3,657 i regular premium 3,573 3,296 ii single premium 628 361 b. Hdfc life child insurance buy plan at lowest premiums.
Every parent naturally wants the best for his or her child. Jan 12, 2012 question askok from ludhiana have taken a hdfc life young star for pension purpose. With save benefit option of hdfc sl youngstar super premium, 100% of all the original regular premiums towards your policy will be paid. Hdfc sl youngstar super premium we are glad to inform you that your proposal has been accepted and the hdfc sl youngstar super premium policy policy being this document, has been issued. Hdfc life youngstar udaan child plan details, benefits. Hdfc youngstar super premium is a child unit linked insurance plan which provides the child nominee with financial security on unfortunate demise of parents. The flight of your childs career rests in your hands. So tomorrow when your child needs your support you dont have to depend on anyone else. In case of the demise of the policyholder, the family of the individual will receive annual payments.
In case of your unfortunate demise or critical illness, this plan will pay the sum assured to your child beneficiary. A plan to secure the childs future expenses like education and marriage. With hdfc sl youngstar super premium you can fulfil your childs immediate and future needs. Hdfc sl youngstar super premium with hdfc sl youngstar super premium you can fulfill your childs immediate and future needs all on your own.
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