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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Switching
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Tax benefit
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Maturity benefit
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Death benefit
Frequently Asked Questions
HDFC SL ProGrowth SuperII, this ULIP plan will help you to provide the finest for your family, be it today or tomorrow. This ULIP aims to help you achieve long term savings.
The HDFC SL ProGrowth Super II gives:
• Valuable financial protection to your family in case you are not around.
• Opportunity to invest in a choice of Funds.
• Flexible additional benefit options.
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).
Minimum premium is ₹ 15,000 with Annual frequency only.
Annualized Premium means the premium amount payable in a year excluding the taxes, Rider Premium(s) and Underwriting extra premium on riders, if any. The level of premium chosen by you cannot be altered anytime during the policy term. *Only Annual mode is available under this plan.
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Only Annual mode is available under this plan.
This plan is available with a Short Medical Questionnaire (SMQ) based # Underwriting
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
In case of your unfortunate demise during the policy term, we will pay to your Nominee
• Sum Assured and
• The Unit Fund value
Please see Death benefits for details in product's brochure.
Tax benefits under sections 80C and 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.
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 a vailable 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 SL ProGrowth Super II (Form No: P501. UIN:101L066V0) is the name of A Unit Linked Non Participating Life Insurance Plan. HDFC Life Income Benefit on Accidental Disability Rider (UIN: 4101B013V03) and HDFC Life Critical Illness Rider (UIN:101B014V02) are the names of the riders. 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 NAV s of the units may go up or down based on the performance of fund and factors in fluencing 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 InsuranceCompany Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand and HDFC SL ProGrowth Super II (Form No: P501. UIN: 101L066V0) is only the name of A Unit Linked Non Participating Life Insurance Plan. 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.