All You Need To Know
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Age Limit
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Plan Options
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Premium
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Ways To Pay
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Policy Term
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Maturity Benefit
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Monthly Survival Benefit
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Death Benefit
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Tax Benefit
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Bonuses
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Medical
Frequently Asked Questions
For all ages, risk commences from the date of inception of the contract.
Yes, Tax Benefits may be available as per prevailing tax laws. You are requested to consult your tax advisor.
Maturity benefit will be aggregate of the following
A. Last guaranteed payout for Money back Options OR ‘Sum Assured on Maturity’ for Endowment Option.
B. Accrued Guaranteed Additions (if applicable)
C. Reversionary bonus, interim bonus and terminal bonus, if declared. For Maturity benefit on reduced paid up policy please refer the section of reduced paid up & revival below, on payment of the maturity benefit the policy will terminate & no more benefits will be applicable. In case where the life assured is minor the policy will automatically vest on him or her on attaining 18 years of age.
Disclaimer
HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.HDFC Life YoungStar Udaan (101N099V04) is a Non-Linked, Participating, Life Insurance Plan. Life Insurance Coverage is available in this product. This version of the Product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions and exclusions contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer. ARN: PP/07/20/19873.
“As per recent changes in section 10(10D) of Income Tax Act, where the amount of aggregate annual premium payable in the financial year in case of Traditional plans (all non-unit linked plans except Annuity, Pension and Pure Risk Plans) issued on or after 1st April 2023 exceeding INR 5,00,000 the benefits of the policy/policies shall not be eligible for exemption under section 10(10D) except in case of death”. The customer is requested to seek advice of a tax advisor with respect to his/her personal tax liabilities under the Indian Income-tax law."