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Insurance Company
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HDFC Standard Life Insurance Company Ltd
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Plan Name
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HDFC Life ProGrowth Plus
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Plan Nature
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ULIP
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Plan Category
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Savings & Investment Plan
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UIN No.
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101L081V01
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About Plan
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It is a regular premium unit linked insurance plan. In this plan you can choose your regular premium and the investments. We will then invest your regular premium, net of premium allocation charges in your chosen funds in the proportion you specify. At the end of the policy term, you will receive the accumulated value of your funds. In case of your unfortunate death during the policy term, your nominee will receive the greater of Sum Assued or fund value.
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Minimum Entry Age
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14 years
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Maximum Entry Age
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65 years
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Maximum Maturity Age
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75 years
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Minimum Premium
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Annual Rs.24000 per yearHalf Yearly Rs.10000 per half yearMonthly Rs.2500 per month
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Maximum Premium
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Annual Rs.100000 per yearHalf yearly Rs.50000 per half yearMonthly 8333 per month
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Minimum Policy Term
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10 years
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Maximum Policy Term
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30 years
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Benefits
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| Particulars | Description |
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Maturity Benefits
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Your policy matures at the end of the policy term you have chosen and all your risk coverscease. You may redeem your balance units at the then prevailing unit price and take the fund value.
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Death Benefits
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In case of the LifeAssured unfortunate demise, we will pay the benefit as defined below to the nominee. . Before attainment of age 50 years: We will pay the greater of the following Sum assured , the total fund value, Minimum death benefit of 105% of the premiums paid. The policy will terminate thereafter and no more benefit will be payable.. On or after attainment of age 50 years: We will pay the greater of the following Sum assured, the total fund value, minimum death benefit of 105% of the premiums paid. The policy will terminate thereafter and more benefit will be payable.
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Partial Withdrawal Benefit
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We understand that you may need money to meet any future financial emergencies. You can withdraw money from your funds to meet such needs. You can make lump sum partial withdrawals from your funds after 5 years of your policy provided.
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Surrender Benefit
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If you surrender before end of the 5th policy year. Your fund value less discontinuance charge will be moved to the Discontinued policy fund and will earn a minimum guaranteed returns as specified by IRDA. Your fund value as held in the Discontinued Policy Fund will be payable to you at end of the 5 policy year.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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This plan provides valuable protection to your faily in case you are not around. In case of your unfortunate demise during the policy term, we will pay the greater of the Sum Assured or your total fund value to your nominee.
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You can choose any of the following 2 plan options as per your requirement. Life Option = Death Beneft. Extra Life Option = Death Benefit+Accidental Death Benefit
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On maturity, you can take the fund value at the prevailing unit prices as lump sum or you can opt for settlement option.
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You have flexibility or creating your own investment strategies, as per your risk and return appetite.
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You have flexibility to make partial withdrawals to meet any unplanned expenses
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Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961, as per provisions contained therein.
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Balanced Fund - Life Super II
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Blue Chip Wealth Builder Fund
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Income Wealth Builder Fund
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Opportunities Wealth Builder Fund
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Policy Discontinued Fund
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Short Term Fund - Life Super II
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Particulars
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Range
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Balanced Fund - Life Super II
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Money Market Instruments
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0% - 20%
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Govt Securities, Fixed Deposits Instruments & Bonds
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0% - 60%
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Equity
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40% - 80%
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Blue Chip Wealth Builder Fund
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Money Market Instruments.
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0% - 20%
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Equity
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80% - 100%
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Income Wealth Builder Fund
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Money Market Instrument
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0% - 20%
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Govt Securities
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80% - 100%
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Opportunities Wealth Builder Fund
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Money Market Instrument
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0% - 20%
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Equity
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80% - 100%
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Policy Discontinued Fund
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Debt
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0% - 100%
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Short Term Fund - Life Super II
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Corp Debt
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0% - 100%
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Balanced Fund
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17-May-13
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11.5222
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Blue Chip Fund
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17-May-13
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11.1311
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Income Fund
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17-May-13
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13.6771
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Opportunities Fund
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17-May-13
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11.6669
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Policy Discontinued Fund
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17-May-13
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11.8585
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Short Term Fund
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17-May-13
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12.4013
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Balanced Fund - Life Super II
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Blue Chip Wealth Builder Fund
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Income Wealth Builder Fund
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Opportunities Wealth Builder Fund
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Policy Discontinued Fund
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Short Term Fund - Life Super II
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04-Aug-09
11:26
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Life insurers asks IRDA to exclude mortality charges from the overall cap on ULIP
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03-Jun-09
12:01
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HDFC Standard Life launches ULIP 'wealth multiplier'
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21-May-09
12:35
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LIC & HDFC Std Life top in fin sector TV advertisers
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08-May-09
10:42
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Capital infusion of Rs 350 cr in FY10 : HDFC Standard Life
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07-May-09
13:11
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Focusing more on business than expansion : HDFC Standard Life
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06-May-09
08:41
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Total Premium Income Grows by 15% : HDFC Standard Life
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05-May-09
10:42
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HDFC Standard Life is expected to be listed by March 2011
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13-Mar-09
12:00
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Certified Programme in Insurance by HDFC Standard Life
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03-Mar-09
12:40
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HDFC Standard Life offers health savings plan
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28-Feb-09
12:40
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HDFC Standard Life launches SurgiCare - a Health Product
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18-Dec-08
10:43
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HDFC life launches ULIP policy 'HDFC Unit Linked Endowment Winner'
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08-Dec-08
19:13
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HDFC Life unveils Life Insurance Campaign
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28-Oct-08
11:46
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HDFC Standard takes musical route to brand
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