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About HDFC Life SL ProGrowth Super II

  • HDFC Bank’s Life SL ProGrowth Super II is a dynamic insurance policy designed to offer dual benefits of financial security for your family and opportunities for wealth accumulation. This comprehensive plan not only provides a solid life cover but also facilitates the growth of your savings through strategic investment options.
  • Various options include Death Benefit, Accidental Death Benefit, Critical Illness Benefit and more:
  • HDFC Bank’s Life SL ProGrowth Super II is a dynamic insurance policy designed to offer dual benefits of financial security for your family and opportunities for wealth accumulation. This comprehensive plan not only provides a solid life cover but also facilitates the growth of your savings through strategic investment options.
  • Life Option: Death Benefit.
  • Extra Life Option: Death Benefit + Accidental Death Benefit.
  • Life and Health Option: Death Benefit + Critical Illness Benefit.
  • Extra Life and Health Option: Death Benefit + Critical Illness Benefit + Accidental Death Benefit.
  • Life and Disability Option: Death Benefit + Accidental Total and Permanent Disability Benefit.
  • Extra Life and Disability Option: Death Benefit + Accidental Death Benefit + Accidental Total and Permanent Disability Benefit.
  • Life and Health and Disability Option: Death Benefit + Critical Illness Benefit + Accidental Total and Permanent Disability Benefit.
  • Extra Life and Health and Disability Option: Death Benefit + Accidental Death Benefit + Critical Illness Benefit + Accidental Total and Permanent Disability Benefit.
  • Children’s Plan: Plan for your children’s future and support important events in their lives.
  • Protection Plan: Get a plan that makes sure your family stays financially secure.
  • Retirement Plan: Choose a plan that lets you enjoy life after work without cutting down on your lifestyle..
  • Health Plan: Be prepared for medical emergencies with a plan that covers your health needs.

Benefits of HDFC Life SL ProGrowth Super II

  • Death Benefit
  • Sum Assured and Total Fund Value paid to family on the policyholder's demise during the policy term.
  • No Medical Tests Required
  • Simple medical questionnaires might suffice without the need for extensive medical tests.
  • Flexible Fund Management
  • Switching: Move accumulated funds between different funds anytime.
  • Premium Redirection: Redirect future premiums to different funds as needed.
  • Click here to download the brochure.
  • Tax Deductions
  • Eligible for tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961.
  • Automatic Premium Payment
  • Set up a Standing Instruction or ECS for hassle-free premium renewals.
  • Save Bit by Bit
  • Regularly put away small amounts of money to reach your long-term goals.
  • Start Sooner, Gain More
  • The earlier you start your insurance, the more you can earn through compounding.

Key Features of HDFC Life SL ProGrowth Super II

Convenience

Flexible Age Limits

  • Minimum entry age of 14 years.
  • Maximum entry age of 65 years.
  • Maximum maturity age of 75 years.

Flexible Sum Assured

  • Choose 'Sum Assured' from 10 to 40 times the annual premium.

Regular Premium Payments

  • Minimum premium of ₹15,000 annually.
  • No maximum limit on premium payments.
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Scheme Details

  • Welcome Letter: You will get a letter from HDFC Life confirming that your HDFC SL ProGrowth Super II Policy is all set.

  • Welcome Text Message: Expect a text message saying hello and welcoming you to the HDFC SL ProGrowth Super II family.

  • Policy Details: HDFC Bank and HDFC Life will send you a document that explains the main points of your policy.

  • Online Access: After you buy the HDFC SL ProGrowth Super II Policy, you will get a username and password to check your policy online.

  • Policy Renewal Reminder: Remember to renew your HDFC SL ProGrowth Super II Policy online so you can keep enjoying its benefits.

  • Easy BillPay Registration: Sign up just once with BillPay to manage your payments.

You can easily renew your HDFC SL ProGrowth Super II Policy by clicking here.

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Commission for Life Insurance

Details of the Commission earned by the Bank as corporate agent from Life Insurance distribution business are as follows:

Category First Year Commission 2nd Year Renewal Commission Single Premium Commission
  Min Max Min Max Min Max
Pension 15% 35% 1% 3% 2% 2%
Protection 12% 35% 1% 5% 2% 7.50%
Savings & Investment 15% 35% 1% 7.50% 2% 2%
Health 15% 35% 1% 5.00% - -

Please note, commission payable for group products is 5%

Note: The commission varies depending upon the product in each category, tenure, amount of premium and premium paying term. 

*For Group Products commission payable is with a ceiling on the maximum payout as defined by Insurance Regulatory and Development Authority of India (IRDAI) from time to time

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Important Disclaimer

HDFC Standard Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011: The policyholder may avail of benefits as provided under the tax laws. Premiums are subject to service tax and education cess as per applicable tax rates. Tax laws are subject to change based on amendments made occasionally.

HDFC Standard Life Insurance Company Limited, in partnership with Standard Life, offers HDFC SL ProGrowth Super II (form no. P 501-82 UIN 101L066V01), a unit-linked insurance product. This is a non-participating unit-linked plan. Premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets, and the NAVs of the units may vary based on the fund's performance and factors affecting the capital market. The investment risk in the investment portfolio is borne by the policyholder. Unit-linked insurance plans differ from traditional ones and are subject to different risk factors.

HDFC Standard Life Insurance Company Limited is the name of our insurance company, and HDFC SL ProGrowth Super II UIN 101L066V01 is the plan's name The names of our company and plan do not indicate the quality of the plan, its prospects, or returns. HDFC Standard Life Insurance Co. Ltd. Reg. No. 101.

HDFC Bank Limited ("HDFC Bank") is a corporate insurance agent of HDFC Standard Life Insurance Company Limited ("HDFC Life") under Corporate Agent's license no. 933982 issued by the Insurance Regulatory and Development Authority of India. It does not underwrite the risk or act as an insurer. The insurance is underwritten by HDFC Life. This policy is issued by HDFC Life and is subject to its terms and conditions. The insurance contract is between HDFC Life and the insured only and not between HDFC Bank and the insured. HDFC Bank is merely acting as a corporate agent of HDFC Life, and there is no direct or indirect linkage between the banking services offered by HDFC Bank and this insurance product. Your participation in this product is purely voluntary. HDFC Bank is not responsible or liable for performing any obligations under the insurance contract.

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Most Important Terms & Conditions

*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

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More About HDFC Life SL ProGrowth Super II

It provides life cover, market-linked returns, flexibility in premium payments, and multiple fund options to cater to your investment needs.

Applying is straightforward: visit the HDFC Life website, choose the ProGrowth Super II plan, fill in the required details, and submit your application online.

Invest in one or multiple funds:

Income Fund

Balanced Fund

Blue Chip Fund

Opportunities Fund

Frequently Asked Questions

HDFC SL ProGrowth Super II is a versatile Unit-linked Insurance Plan that offers savings and life cover, ensuring your family’s financial security while allowing for wealth accumulation.

Individuals aged between 14 to 65 seeking a financial safety net with the added advantage of market-linked growth are eligible for HDFC SL ProGrowth Super II.

The HDFC SL ProGrowth Super II plan comes with a 5-year lock-in period, ensuring your investments have ample time to grow and benefit from market movements. After this period, you can make partial withdrawals, though complete withdrawals are not allowed.