Investing in a ulip is one of the better options to build wealth and also enjoy a. In case you are not agreeable to any of the provisions stated in the policy, you have the option of returning the policy to us stating the reasons thereof, within 15 days from the date of receipt of the policy. The premiums paid could be used over all of the fund options, a specific few as chosen by. The company is one among the most trusted insurance enterprises in india. Hdfc standard life insurance policy surrender procedure. This unitlinked plan from hdfc life come with four fund options that offer a variable mix of risk and return. Please see below a brief on what these ulips unit linked insurance plan fund are. The free look period for policies purchased through distance. Hdfc life progrowth plus is a savingscum insurance plan that provides customers extensive life cover and the flexibility of creating investment strategies based on their risk appetite. Hdfc life progrowth plus a unit linked non participating life insurance plan see how hdfc life progrowth plus secures your familys financial future in case something unfortunate happens to you.
Life insurance cover in ulips ulips provides life insurance cover between 5 to 25 times the annua. It promises to be a valuable financial guard for your family when you are away from your family. Our vision is to provide innovative and customercentric insurance plans that can help our customers secure their familys future as well as help them with other benefits such as. How is the performance of hdfc life progrowth plus.
We present hdfc life progrowth plus, a simple savingscuminsurance plan that will enable. Hi dany, hdfc life progrowth plus opportunities fund is a ulip. Hdfc life sanchay plus is a nonparticipating traditional life insurance plan. Partial withdrawal you are allowed to make partial withdrawals in this policy after 5 complete policy years or the. The premiums paid could be used over all of the fund options, a specific few as chosen by the policyholder or even in a single one. The returns offered by hdfc life progrowth plus opportunities fund has really been rewarding for the policy holders. Your safeguard against the uncertainties of life hdfc bank. Hdfc life progrowth plus best ulip plan from hdfc policybazaar. Additional features and benefits of hdfc life pro growth flexi plan. Policyholder of hdfc progrowth plus is allowed to surrender the policy after 5 completed years. Hdfc bank sl progrowth flexi savings cum insurance plan. In case you are not agreeable to any of the provisions stated in the policy and the details in the proposal form, you have the. Flexibility to invest in any of the 4 funds available, create your own investment strategy by switching or redirecting future premiums. There is no market risk or risk associated with varying annual bonuses.
Since the hdfc life progrowth plus has a 5year lockin period, you cannot claim any benefit until the policy completes the lockin period. If you are not pleased with the coverage, and terms. The plan has eight investment funds and uses different combinations to make profits. The hdfc life progrowth plus is an insurance cum investment plan. This ulip enables you to make the best use of equities and channelize your savings in an effective manner. It is a unit linked insurance plan which provides wealth with insurance benefits. Hdfc life hdfc life insurance company is one of the leading private life insurance companies in india offering various insurance policies that best suits your need. In fact, the absolute return value for hdfc pro growth plus opportunities fund is 19. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the. Hdfc life pro growth plus plan hdfc life sl pro growth flexi plan. This insurance plan enables you to achieve your longterm savings goals, with the flexibility to choose from 8 insurance options. Know the available fund options in hdfc progrowth plus plan. You can download this hdfc progrowth plus pdf here to cancel the policy and restructure your portfolio. Compare hdfc sl progrowth super ii plan with other insurance plans and buy.
Hdfc sl progrowth flexi life insurance plan is one of the best instruments that give valuable financial protection to your loved ones and family in your absence. If surrendered before 5 years, the fund value net of discontinuation charge will be. Hdfc life pro growth plus plan compare and buy online policy. We have made every effort to design your policy document in a simple. It is an exceptionally good investment opportunity that provides you a choice of 4 funds that are selected. Free look period 15 days from the date of receipt of the original policy document. Hdfc life progrowth plus appendix x policy document. Life insurance coverage is available in this product. I said i wouldnt like to go for 10 years instead i invest for 5 years.
A unit linked insurance plan ulip is the one in which the. The free look period for policies purchased through distance marketing. Hence, in progrowth plus plan, the investment risk is borne by the policyhold. Ive recently became a member of hdfc life progrowth plus plan. The plan provides two comprehensive coverage options with an inbuilt rider benefit and the premiums are payable regularly throughout the plan tenure. In this plan you can choose your regular premium and the investment funds. It enables you to enjoy benefits of a life cover and making the best suitable investment strategy for yourself according to your risk appetite and return. A free look period is an option, provided to the policyholder. We at arthayantra often get similar queries from our customers who ask us whether they can invest in insurance policies. Hdfc sl progrowth maximiser single premium ulip plan. In case of any discrepancy between this document and your policy document, the policy document will prevail over this document. The hdfc progrowth plus hdfc life pgp is a ulip by hdfc standard life insurance company limited. Hdfc life pro growth plus is a unit linked insurance plan ulip that boosts your savings by investing in the stock market, without compromising on the life cover.
The plan is particularly designed to help you maximize your profit and it provides enhanced financial support to your near and dear ones. It is a unit linked insurance plan in which, the premium is invested in the capital market to achieve viable returns and insurance coverage. Hdfc life pro growth plus plan thus, it is a nontraditional insurance plan without bonus facility. Once the free look period is over, the procedure to cancel the hdfc life progrowth plus is not the same. Jan 05, 2017 let us discuss the features and benefits of one of its great initiative, hdfc progrowth plus. The hdfc life super income plan is one of the most popular life insurance product offered by hdfc. The life insurance product is underwritten by hdfc standard life insurance company limited. It also offers an opportunity to participate in the profits of participating fund of the company by way of bonuses. So, it is necessary to balance the risk and return associated with the policy. In this policy the policy holder need to pay the entire policy term premium. Hdfc life progrowth plus we are glad to inform you that your proposal has been accepted and the hdfc life progrowth plus policy policy has been issued. Hdfc bank sl progrowth flexi, a smart savingscuminsurance unit linked plan. If the policyholder failed to pay hisher premium on time, then heshe has to clear all hisher dues within the grace period. Get the latest nav value, performance and returns of hdfc life progrowth plus balanced fund.
Benefits and features of hdfc life progrowth plus as a unit linked insurance plan hdfc life progrowth plus is a nontraditional life insurance plan that does not provide a bonus facility. The above is a graphical representation of extra life option for illustrative purpose only. The not only helps you grow your savings, it also provides you with comprehensive insurance. Investment of funds under hdfc life progrowth plus. Your policy at a glance this is a document that will help you to understand the key features of this product and is not the policy document.
Netbanking offers you a comprehensive range of transactions across multiple products for your convenience. Here are a few snapshots from the product brochure about the important. Hdfc ulip plans buy low premium best ulip plan online. A 30 days grace period is offered to the insured during which they can pay the premiums. There are various options of combining the basic death benefit along with riders to increase protection. How it works in this plan, premium needs to be paid till the end of the policy tenure. P501 is the name of the nonparticipating unit linked plan. We will then invest your regular premium, net of premium allocation charges in your chosen funds in the proportion you specify. Is investing in hdfc life progrowth plus for 5 yrs for.
Hdfc sl progrowth super ii is a ulip plan providing investment option and life insurance coverage for complete protection and savings. Hdfc bank life progrowth plus get your family insured. Hdfc standard life insurance india insurance ulip plans. Reasons for policy surrender and the surrender form needs to be submitted at the nearest hdfc life insurance branch, along with the following documents. It is a participating regular income life insurance plan and it.
Hdfc life insurance company limited formerly hdfc standard life insurance company limited is one of the leading private life insurance companies in india offering various insurance policies that best suits your need. The person from my savings holding bank told me about this plan. Hdfc life sl progrowth super ii is a savingscum insurance ulip that helps the policyholder is achieving hisher financial goals throughout the policy tenure. Easy and hasslefree payment of renewal premium of your insurance policies 2.
In ulips, the policyholder can decide how his her premium should be invested by the insurance company. The hdfc sl progrowth flexi plan has a grace period facility of 30 days for policies having annual premium payment mode, while 15 days for halfyearly premium payment mode. Hdfc life progrowth plus is a unit linked insurance plan ulip. Hdfc sl progrowth super ii is a unit linked saving plan with life insurance coverage that gives you the opportunity to choose your. Hdfc sl crest is a unit linked insurance plan where you pay premiums for only 5 years to get market linked returns for a period of 10 years. For further details on surrender, it is advisable to refer to the formal policy brochure. Hdfc life progrowth plus appendix x policy document a unit linked non participating life insurance plan address for correspondence. I took this hdfc life progrowth plus with a premium amount of rs 24000 for 15 years with a lock in period of 5 years through agent without knowing entirely about this.
He asked me to invest 25000 per year for 10 years, you will get good earn after 10 yrs. What is your take on the hdfc life progrowth plus plan. Policy discontinuance if you have n ot paid ur r em iu by theex y f g ace ri d, following will be applicable. Hdfc life progrowth plus hdfc sl progrowth super ii hdfc sl progrowth flexi hdfc life sampoorn nivesh hdfc life smart woman plan hdfc sl crest tata aia life insurance smart income plus. Policy document hdfc sl progrowth super ii unique identification number. We present hdfc life progrowth plus, a simple savingscuminsurance plan that will enable you to enjoy life cover and benefit from market linked returns. Get the latest nav value, performance and returns of hdfc life click 2 invest conservative fund. If the policyholder wants to surrender hisher life insurance policy or make a partial withdrawal from the policy fund, the following procedures need to be followed. May 04, 2016 hdfc life progrowth plus gives you the highest net asset value for your investment. Hdfc life sanchay plus a nonparticipating, nonlinked, savings insurance. Hdfc sl progrowth super ii hdfc life insurance life.
Oct 07, 2012 hello readers, im new to this investment things. Hdfc sl progrowth super ii policy details grace period. Cancelling hdfc life progrowth plus after free look period. Hdfc life progrowth flexi is a savingscuminsurance unitlinked plan that enables you to provide financial security for your loved ones. Hdfc life progrowth plus is one such insurance plan that offers the insurers. Hdfc life pro growth plus is a simple unit linked plan which provides the dual benefits of life cover and marketlinked growth. The wide array of insurance products is for individuals as well as for groups. The hdfc life progrowth plus plan is a unitlinked life insurance plan ulip that saves money through investments. Hdfc life progrowth plus is a regular premium unit linked insurance plan. Hdfc life insurance company limited, 11 th floor lodha excelus, apollo mills compound, n. What are the benefits of hdfc life progrowth plus plan. Get the latest nav value, performance and returns of hdfc life progrowth plus opportunities fund. Hdfc life super income plan is a participating plan that offers guaranteed income for a period of 8 to 15 years.
The hdfc sl progrowth maximizer is a single premium unit linked plan. Since this is a ulip by hdfc, the premiums that you pay towards the policy are subject to risks in the capital markets. The progrowth plus initiative by hdfc life is a premium unitlinked insurance plan ulip. Benefits and features of hdfc life progrowth plus authorstream. Oct 27, 2016 heres the nav chart of hdfc life progrowth plus from october 2015 to october 2016. Is the benefit of hdfc life progrowth plus tax free.
1227 36 550 1238 291 404 1326 372 846 849 34 573 468 1451 1456 485 412 1283 1330 913 970 333 1159 1248 1449 14 1074 300 1079