HDFC ULIP Plans

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About HDFC ULIP Plans - An Overview

Unit-Linked Insurance Plans (ULIP) offered by HDFC Life are a combination of investment and protection plans. These plans provide the benefits of an insurance life cover and market-linked investments which are subject to risk associated with capital markets. HDFC Life - ULIP offers the flexibility to invest in debt or equity funds depending on the life assured risk appetite and financial objectives. ULIP also offers tax benefits on premium payments, thus taking care of your future goals such as securing your child's future, creating wealth, and planning your retirement goals.

Key Features of HDFC Life ULIP Plans

  • Offers the benefits of life insurance and market-linked returns
  • Option to invest as per your appetite
  • Partial withdrawal charge option
  • Surrender value is also available

Benefits of HDFC Life ULIP Plans

1

Provides incentives to stay invested

2

Offers flexible investment options

3

Complete Transparency

4

Tax benefits with dynamic savings

5

Helps in fulfilling long term goals

Claim Settlement Ratio of HDFC Life Insurance

Claim Settlement Ratio is the percentage of life insurance claims paid out of the total claims filed in a financial year. The higher the ratio, the easier it is for your dependents to claim the insurance when you are not with them. The Claim Settlement Ratio of HDFC Life Insurance is 99.07% for the financial year of 2019-20.

Take a look at the below graph that will give you an insight into the CSR of different Life Insurance companies:

Claim Settlement Ratio of Life Insurance Companies (2019-20)

CSR of Life Insurance Companies

Types of HDFC Life ULIP Plans

HDFC Life Insurance Company offers 8 effective ULIP plans that offer you multiple benefits to save and grow your money.

HDFC ULIP PlansWhy Should You Buy?
HDFC Life Click 2 WealthThe plan offers market-linked returns with minimal charges
HDFC Life Click 2 InvestOffers market-linked returns along with valuable financial protection to you and your family
HDFC SL ProGrowth FlexiOffers flexible additional benefit option
HDFC Life Sampoorna NiveshProvides multiple fund options to optimize the investmen
HDFC Life ProGrowth PlusRegular ULIP plan that provides the flexibility to choose your premium and investment fund.
HDFC Life SL ProGrowth Super IIOffers flexible additional benefit options and provides valuable protection to you and your family
HDFC SL CrestOffers valuable protection to you and your family by providing the benefit of paying premiums for a limited term.
HDFC Life Capital ShieldThe plan protects your investment from market risks with an assured maturity benefit along with a life insurance cover.

Let's understand each plan in detail for better understanding.

  1. HDFC Life Click 2 Wealth Plan

    HDFC Life Click 2 Wealth is a unit-linked non-participating life insurance plan that provides market-linked returns to the insured, along with helpful financial protection to the entire family. The plan effectively safeguards your wealth so that you can fulfill all your desired goals.

    Key Features:

    • Special addition: Plan offers 1% of annualized premiums in the form of special additions to your fund value for the first 5 years of the policy tenure.
    • Flexibility: Choose from 10 fund options with unlimited free switching
    • Premium Payment Options: Single pay, Limited, and Regular pay options are available under this plan.
    • Premium waiver benefit: The plan provides a premium waiver benefit that waives off the premium (in case of your unfortunate demise) so that your family can live without the financial burden.
    • Return of Mortality charges: The plan offers a return of mortality charges at the time of maturity. In the case of the premium waiver option, mortality charges related to the insured would be refunded.
    • Partial withdrawal: Under this plan, the insured has the option to make partial withdrawals after 5 policy years. For the same, the insured should be at least 18 years of age.
    • Plan options: It comes out with three plan options. Policyholders can choose the desired one at their convenience.
    • Invest Plus Option that gives accumulated Fund Value upon maturity of the policy and returns the mortality charges.
    • Premium Waiver Option, in addition to Invest Plus option's benefits, waives off all the future payments in case of death of the policyholder. The policy will continue under the risk cover for the policyholder and the Fund Value that has been accumulated will be paid upon maturity.
    • Golden Years Benefit Option helps you stay covered for your whole life. The accumulated Fund Value and mortality charges that you receive upon maturity (at the end of the policy) will instead be added to the Fund Value when the policyholder turns 70.

    Eligibility

    Eligibility CriteriaInvest PlusPremium Waiver OptionGolden Years Benefit Option
    Entry AgeLife Assured - 30 days to 60 yearsLife Assured - 30 days to 60 years
    Proposer - 18 years to 65 years
    Life Assured - 30 days to 60 years
    Maturity Age18 years to 75 years18 years to 75 years99 years
    Minimum PremiumSingle payout - Rs. 24,000, Annual Payout - Rs.12,000, Half-yearly - Rs.6,000, Quarterly - Rs.3,000, Monthly - Rs.1,000
    Maximum PremiumNo Limit
    Policy Term10 to 40 years10 to 40 years99 minus age of entry
    Premium Paying TermSingler Pay, Limited: 5, 7, and 10 years, Regular: 10 to 40 yearsLimited: 5, 7, and 10 years, Regular: 10 to 40 yearsLimited Pay: 10 to 70 years minus entry age
  2. HDFC Life Click 2 Invest

    HDFC Life Click2Invest is an online ULIP plan that provides market-linked returns and valuable financial protection to meet your investment requirements.

    Key Features:

    • Fund options: The plan offers 11 fund options to choose from at your convenience and investment style.
    • Death benefits: In the case of the life assured's unfortunate demise, the plan pays the highest sum assured, fund value, or 105% of the premium(s) paid.
    • Maturity benefits: On survival till the end of the policy tenure, the insured gets fund value as maturity benefit.
    • Tax benefits: The plan offers tax benefits under Section 80C and Sec 10(10D) of the Income Tax Act, 1961.

    Eligibility

    Entry Age30 days to 65 years
    Maturity Age18 years to 75 years
    Sum Assured125% of single premium
    Premium Paying TermSingle Pay , Limited: 5,7, and 10 years , Regular: 5 to 20 years

    Sample Illustration

    This table illustrates the premium payable by a Healthy individual (male) at different ages for a policy term of 20 years.

    Entry Age (in years)73045
    Policy Term (in years)20
    Assured Rate of Return at 8% pa20,14,07820,10,43219,94,140
    Assured Rate of Return at 4% pa12,86,53912,84,32612,74,299

    Assured Rate of Return Prices for HDFC ULIP - Click 2 Invest

    Assured Rate of Return Prices for HDFC ULIP - Click 2 Invest
  3. HDFC SL ProGrowth Flexi

    HDFC SL ProGrowth Flexi is a savings-cum-insurance unit-linked plan (ULIP) that enables you to provide financial security to your loved ones.

    Key Features:

    • Offers flexible additional benefit options
    • The investment plan provides valuable protection to your family in case of your unfortunate demise during the policy term.
    • Upon maturity, assured can take the Fund Value at the prevailing unit prices as a lump sum or can opt for a settlement option, which may extend to a maximum period of 5 years.
    • Flexibility to invest in a choice of funds

    Eligibility

    Life OptionsExtra Life Options
    Entry Age (in years)Minimum1418
    Maximum6555
    Maximum Maturity Age (in years)7570
    Policy Term (in years)Minimum10
    Maximum30

    Sample Premium Illustration

    This table illustrates the premium payable by a Healthy individual (male) at different ages for an annual premium of Rs. 25,000 and a sum assured of Rs. 2,50,000.

    Age (in years)3040
    Term (in years)2015
    Assured rate of return @4% pa5,98,1934,19,181
    Assured rate of return @8% pa9,35,8215,83,699

    Assured Rate of Return Prices for HDFC Life SL ProGrowth Flexi

    Assured Rate of Return of HDFC Life SL ProGrowth Flexi
  4. HDFC Life Sampoorn Nivesh

    HDFC Life Sampoorn Nivesh is an insurance cum investment plan designed specifically with multiple fund options to help you optimize your investment to meet your protection needs.

    Key Features:

    • The plan offers loyalty additions to enhance your Fund Value after 10 years.
    • Offers the flexibility to choose investment term from 10 to 25 years
    • Assured can customize the options for premium payment: Single, limited, or regular pay
    • Offers the option of Accidental Death Benefit
    • On survival till the end of the policy term, you will receive your Fund Value as Maturity Benefit.

    Eligibility

    ParametersClassic Life OptionClassic Extra Life OptionClassic Plus OptionClassic Waiver Option
    Entry Age (in years)Minimum0 (30 days)180 (30 days)18
    Maximum54534847
    Maturity AgeMinimum18281828
    Maximum64635857
  5. HDFC Life ProGrowth Plus

    HDFC Life ProGrowth Plus is a simple savings-cum-insurance plan that will enable you to enjoy life cover and benefits from the comfort of creating your own investment strategies.

    Key Features:

    Flexibility to invest in a choice of funds. The list is mentioned below:

    • Income Fund
    • Balanced Fund
    • Blue Chip Fund
    • Opportunities Fund
    • Equity Plus Fund
    • Bond Fund
    • Diversified Equity Fund
    • Conservative Fund
    • Discovery Fund
    • Equity Advantage Fund

    HDFC bank credit cardholders have the option to choose EMI options.

    Policyholders can make partial withdrawals to meet unplanned expenses.

    Eligibility

    ParametersLife OptionExtra Life Option
    Entry Age (in years)Minimum1418
    Maximum6555
    Maturity Age (in years)MinimumNANA
    Maximum7570
  6. HDFC SL ProGrowth Super II

    HDFC SL ProGrowth Super II is a smart savings-cum-insurance unit-linked plan that will help you to provide the finest for your family and help you achieve long-term savings.

    Key Features:

    • In case of an unfortunate demise of the life assured during the policy term, the plan provides valuable protection to your family and will pay the Sum Assured and your total fund value to your family.
    • The plan can be availed by filling the short medical questionnaire, which may not require you to go for medicals.
    • The plan helps manage your investment funds either by switching from one fund to another or by redirecting future premiums into other funds.

    Eligibility

    ParametersLife OptionsExtra Life OptionLife & Extra Health OptionExtra Life & Health OptionLife & Disability OptionExtra Life & Disability Option
    Entry Age (in years)Minimum1418
    Maximum6555
    Maturity Age (in years)Maximum757065
    Term Age (in years)Minimum10
    Maximum3025
  7. HDFC SL Crest

    HDFC SL Crest is a unit-linked insurance (ULIP) investment plan, which helps you to achieve your investment goals in a brief period of 10 years along with financial protection for your family.

    Key Features:

    • Pay premiums for just 5 years and enjoy a policy term of 10 years.
    • Paying premiums is convenient with access to multiple modes – credit card, internet banking, cheque, and auto-debit facility.
    • Choose from any of the 10 available fund option.

    Eligibility

    Minimum Entry Age14 years
    Maximum Entry Age55 years
    Maturity Age65 years
    Policy Term10 years

    Sample Premium Illustration

    This table illustrates the premium payable by a Healthy individual (male) at different ages for an annual premium of Rs 50,000 and a sum assured of Rs 5,00,000.

    Age (in years)3540
    Term (in years)1010
    Assumed Rate of Return @4% pa2,46,9192,43,482
    Assumed Rate of Return @8% pa3,38,4233,34,828

    Assured Rate of Return Prices for HDFC Life SL Crest

    Assured Rate of Return Prices for HDFC Life SL Crest
  8. HDFC Life Capital Shield

    This plan is an investment-cum-insurance plan that offers the potential for higher returns. By investing a part of your money in equity and the balance in debt, an insured person can also avail of life insurance cover.

    Key Features:

    • The plan helps you to protect your investment from market risks with an Assured Maturity Benefit of 101% of Total Premiums paid.
    • Single pay Premium or for a limited period of 5 years
    • Get increasing Loyalty Additions from the end of the 6th policy year onwards to boost the Fund Value.
    • The policy offers life insurance cover

    Eligibility

    ParametersMinimumMaximum
    Entry Age8 years60 years
    Maturity Age18 years70 years

Buying Process Of HDFC ULIP Plans

There are two ways through which you can invest in HDFC ULIP Plans- via PolicyX.com and the official website of the company. Let's discuss the steps further.

Buying Process Of PolicyX website
Buying Process Of HDFC Ulip Plans

HDFC ULIP Products


FAQs

1. How much return is guaranteed in HDFC ULIP?

The returns on ULIP plans vary based on the investor's selection of equity, debt, hybrid funds in combination for their investment.

2. How can I manage and track my fund value in the ULIP plan?

The fund value is the Net Asset Value (NSV) of a fund on the given day, multiplied by the number of units held by the investor.

3. Can I surrender a ULIP plan at any time?

If a ULIP plan is surrendered after the 5-year lock-in period, the entire fund value is paid to the policyholder.

4. How can I check the policy status for the HDFC Life ULIP plan?

Visit the official website of HDFC Life to check policy status, if you are a registered user. Log in the details into the portal like your client number and password to check the status.

5. What is the process to settle claims for HDFC Life ULIP plans?

HDFC Life allows you to make quicker, simpler, and more efficient claims by using their online platform. To do so, you must follow the following steps:

  • Visit HDFC Life's official website
  • Scroll Down to the 'Make a Claim' section and click on 'Submit Claim'.
  • The 'How to make a claim' section provides you with a link to make an Individual death claim. Click on the option 'Click Here' to proceed.
  • Verify the policy details, submit life assured details, and submit the nominee's details along with the necessary documents.

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4/5 (14 Total Rating)

June 24, 2021

Rahul Maheshwari

Chandigarh

I am very much satisfied with insurance plan. I bought a child plan for my son and i think we atre secured with a right company

April 29, 2021

Ravi Sharma

Guwahati

It s been a long i m using hdfc term insurance. The service is very good and commendable. Good going hdfc.

April 29, 2021

Himani Rajan

Dehradun

Really happy with my decision. One of my dear friend told me about hdfc and i must say click 2 protect life plan is very good.

June 24, 2021

Kamla Singh

Chennai

I bough HDFC life insurance - Investment plan a year ago. The company s customer care is quite good. They guide well and resolve queries quickly

April 29, 2021

Rahul Agnihotri

Kanpur

HDFC is a reliable and a trusted company. Thdey solved my query very easily. I am really satisfied with their services and products

Last updated on July, 2021

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