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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Fund investment
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Policy term
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Tax benefit
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Maturity benefit
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Death Benefit
Frequently Asked Questions
HDFC SL ProGrowth Flexi, a savings-cum-insurance unit-linked plan (ULIP) that enables you to provide financial security to your loved ones.
The HDFC SL ProGrowth Flexi gives:
• Valuable financial protection to your family in case you are not around.
• Flexible additional benefit options.
• Opportunity to invest in a choice of Funds.
In this plan you can choose your premium and the investment fund(s). We will then invest your 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 your unfortunate death during the policy term, your Nominee will receive the greater of Sum Assured (less withdrawals) or fund value1.
1. For the complete details regarding Death Benefit, please read the product brochure.
Minimum premium amounts for various premium payment frequencies are as follows:
- Annual: ₹ 24,000
- Half Yearly: ₹ 10,000
- Monthly: ₹ 2,500
To check fund performance CLICK HERE
Annual, Half-yearly and Monthly*
*It is mandatory for policies with monthly frequency to be taken with ECS/SI & to pay first 3 months Premium(s) in advance..
There are 10 fund options to choose from in this plan
- Income Fund
- Balanced Fund
- BlueChip Fund
- Opportunities Fund
- Equity Plus Fund
- Bond Fund
- Diversified Equity Fund
- Conservative Fund
- Discovery Fund
- Equity Advantage Fund
In case of your unfortunate death during the policy term, your Nominee will receive the highest of the following:
• Sum Assured (less all withdrawals made during the two year period immediately preceding the death of Life Assured)
• Unit Fund Value.
• The minimum Death Benefit of 105% of the total Premium(s) paid.
The policy will terminate thereafter and no more benefit will be payable.
Tax Benefits* under Section 80C and Sec 10(10D) of Income Tax Act 1961
* Subject to provisions as per Income Tax Act, 1961. Tax Laws are subject to change.
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.Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. HDFC SLProGrowth Flexi (UINNo: 101L072V05, Form No: 501) is a Unit Linked Non - Participating Life Insurance Plan. Life Insurance Coverage is available in this product. HDFC Life Income Benefit on Accidental Disability Rider (UIN: 101B013V03) and HDFC Life Critical Illness Rider (UIN: 101B014V02) are the names of the riders. Unit Linked Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked 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. ULIP Issued on or after 1st February 2021 where the annualised premium exceeds Rs 2.5 lakh at any time during the premium paying term, the amount received on maturity shall not be entitled for exemption under section 10(10D) of the Income-tax Act, 1961. However, death benefit received shall be exempt u/s 10(10D). Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. HDFC Life Insurance Company Limited is only the name of the Life Insurance Company and HDFC SL ProGrowth Flexi is only the name of the unit linked insurance contract and 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 issued by the insurance company. The various funds offered under this contact are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.