banner-logo

About HDFC Life SL YoungStar Super Premium

  • HDFC Life Insurance's SL Young Super Premium offers comprehensive financial protection and flexibility to secure your future. This plan ensures long-term security with customisable premium payment options and the ability to adapt to your evolving financial needs. Safeguard your loved ones and invest in your peace of mind with HDFC's trusted insurance solution.

Benefits of HDFC Life SL Young Super Premium

  • Discover these key benefits:
  • NRIs can benefit from off-market trades.
  • Simplify premium renewal with Standsuing Instructions/ECS.
  • When selecting your Sum Assured, consider anticipated education costs and inflation.
  • Explore additional benefits:
  • Protection Plan: Ensure your family's financial independence.
  • Savings & Investment Plan: Gain both protection and long-term savings.
  • Retirement Plan: Maintain your standard of living after retirement.
  • Health Plan: Secure your finances against health-related contingencies.
  • Medical Examination: Skip a medical test by completing a brief questionnaire during policy purchase.

Key Features

Convenience

  • Level of Protection

  - For those under 45 years, the Sum Assured is 10 times the annual premium.

  - For those above 45 years, the Sum Assured is 7 times the annual premium.

  • Regular Premiums

  - Minimum annual premium required is ₹15,000.

  - There is no upper limit on the premium amount you can pay.

  - Premiums are payable annually.

  • Benefit Payment Preference

  - Choose between 'Save Benefit' or 'Save-n-Gain Benefit' plan options.

  • Flexibility for Customisation

  - Customise the level of protection by choosing the desired Sum Assured.

  - Select investment funds according to your risk tolerance and return expectations.

  • No Medical Tests Required

  - Detailed medical tests may not be necessary.

  • Choice of Funds

  - Select from 4 available funds with varying levels of equity and debt exposure.

  • Save Benefit

  - In the event of the policyholder's death or critical illness, the Sum Assured is paid to the beneficiary.

  - Your family need not pay any further premiums. With Save benefit option of HDFC SL YoungStar Super Premium, 100% of all the original regular premiums towards your policy will be paid. Any Death Benefit or Critical Illness cover will terminate immediately.

  - Upon maturity, the beneficiary receives the Fund Value of the policy.

Card Reward and Redemption

Scheme Details

Policy Term

  • The minimum policy term is 10 years.
  • The maximum policy term is 20 years.
  • Policy terms between 11 and 14 years are not available.

Age Limit

  • The minimum age entry for the Life Option is 18 years.
  • The maximum entry age is 65 years.
  • The maximum age at maturity is 75 years.

Changing Investment Fund Choices

  • Switching: Transfer accumulated funds between different funds at any time.

  • Premium Redirection: Pay future premium payments to a different selection of funds, as needed.

Click here to download the brochure.

Card Reward and Redemption

Commission-Related Information

  • 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 tem. 
*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.

Card Reward and Redemption

Important Disclaimer

  • HDFC Standard Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011 : - The policy holder may avail of benefits as provided under the tax laws. The premium would be subject to Service tax & education cess as per applicable tax rates. Tax laws are subject to change on the basis of the amendments made from time to time.
  • HDFC Standard Life Insurance Company Limited. In Partnership with Standard Life Insurance is the subject matter of the solicitation. For more details on risk factors, terms and conditions and exclusions please read the product brochure before conclusion of sale. HDFC Life ClassicAssure Plus Form No: P501-113 & UIN: 101N089V01 is a traditional insurance product offered by HDFC Life. This is a participating plan. The name of the company, name of the brand and the name of the product does not indicate the quality of the plan. 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 Insurance Regulatory & Development Authority of India and does not underwrite the risk or acts as an insurer. The insurance is underwritten by HDFC Life. This policy is issued to you by HDFC Life and is subject to the terms and conditions governing such policy. The contract of insurance is between HDFC Life and the insured only, and not between HDFC Bank and the insured. HDFC Bank acts merely as the corporate agent of HDFC Life and there is no direct or indirect linkage between the provisions of the banking services offered by HDFC Bank. Your participation in this product is purely on a voluntary basis. HDFC Bank is not responsible or liable for the performance of any obligations under the insurance contract.
Card Reward and Redemption

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.  
Card Reward and Redemption

More About HDFC Life SL YoungStar Super Premium

The notable features of HDFC Life SL YoungStar Super Premium include:

  • Customisable coverage

  • Fund-switching options

  • Critical illness cover 

  • Partial withdrawals

  • Tax benefits

  • Flexible payouts 

With the HDFC Life SL YoungStar Super Premium Plan, you can secure your child’s future through a range of valuable benefits. It offers financial protection, ensuring support during critical times, flexible benefit payment options to suit your needs, and the opportunity to invest in diverse funds for potential long-term growth.

To apply for HDFC Life SL YoungStar Super Premium online you can visit HDFC Life Insurance site or speak to an HDFC Bank advisor. The process is streamlined for convenience, with options for premium payment and fund selection.

  • Premiums paid towards the policy qualify for tax deductions under Section 80C of the Income Tax Act, 1961.

  • The maturity proceeds or death benefits received from the policy are tax-exempt under Section 10(10D) of the Income Tax Act, 1961.

For comprehensive details on risk factors, terms, and conditions, refer to the Product Brochure. Click here to download brochure.

A Welcome Letter: A letter confirming the approval of your HDFC SL YoungStar Super Premium policy from HDFC Life

A Welcome SMS: An SMS welcoming you as an HDFC SL YoungStar Super Premium customer.

A Policy Document: A letter from HDFC Bank and HDFC Life covering the keys features of the policy.

Once you have purchased an HDFC SL YoungStar Super Premium policy, you will receive a Login ID and password so you can view your policy details.

  • To continue enjoying benefits from your current policy, renew your HDFC SL YoungStar Super Premium through MobileBanking or NetBanking. 

  • Simply register once under BillPay.

Click here to renew your HDFC SL YoungStar Super Premium policy.

READ COMMISSION RELATED INFORMATION

Frequently Asked Questions

HDFC Life SL YoungStar Premium is a Unit-linked Insurance Plan designed to secure your child's future, offering financial protection and investment options in various funds.

The policy has a lock-in period of 5 years, during which withdrawals are restricted to ensure the policy's benefits are fully realised.

Individuals aged 18 to 65 years at entry, aiming to provide for their child's future needs, are eligible for this plan.