HDFC SL YoungStar Udaan Plan

HDFC SL YoungStar Udaan Plan is a traditional Child Plan with multiple benefit options combining the features of Endowment and Money Back plan for a secured future for the child

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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6.7 Crore
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3.4 Crore
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Key Features

  • It is a participating plan with limited premium payment option

  • There are 3 options for maturity payouts which can be chosen as per requirement: Aspiration, Academia, Career

  • There are 2 options for Death benefit payouts, Classic and Classic Waiver

  • Guaranteed Additions accrue in the first 5 policy years enhancing the benefits payable

  • Maturity proceeds also include reversionary bonuses, interim bonuses and terminal Bonus, if any

Benefits

  • Guaranteed Additions accrue @ 3% (for term<20 yrs.) or 5% (for term>=20 yrs.)of SA in each of the first 5 policy years

  • Under the Aspiration option for Maturity Benefit payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125% of the SA

  • Under the Academia Option, money back benefits are paid in the last 5 years of the policy. The benefits start @30% of the SA in the 5th last year and 15% thereafter. On maturity, 15% of the SA and Guaranteed Additions (25% or 15% of SA) is paid making the total benefit received equal to 130% or 120% of the SA

  • Under the Career Option, 15% is paid in each of the last 5 years. 40% of SA is paid on Maturity along with the Guaranteed Additions @ 25% or 15% in total making the aggregate benefit received equal to 140% or 130% of the Sum Assured

  • The survival benefits can be availed monthly @8.5% of the annual payout

  • On death of the policyholder, the death benefit under both the options will be higher of the SA on death or 105% of all premiums paid + vested reversionary bonuses, Guaranteed Additions and terminal bonus, if any

  • SA on death will be higher of Sum Assured on Maturity or 10 / 7 times the annual premium

  • Moreover, under the Classic Waiver Death Benefit, future premiums are waived off and are paid for by the company and the plan continues to participate in profits

  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Investment Investment
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Secure your child’s future with or without you
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₹10,000/Month
& Get
₹1 Crore*
*Standard T & C Apply

People also read: Child Education Plan

Product Specification:

Minimum Maximum
Entry Age (Last Birthday) 0 years 60 years
Maturity Age (Last Birthday) 33 years 75 years
Policy Term (PT) in years 15 25
Premium Paying Term (PPT) in years 7 pay, 10 pay or (term-5)
Premium Paying Frequency Annual, half-yearly, quarterly, monthly
Premium 24,000 No limit
Sum Assured Depends on premium chosen, age, term and PPT

Details About Premium

Annual premium in Rupees for Classic Death Benefit option with Policy Term 15 years and PPT 7 years

Age / SA 30 years 40 years
Aspiration Academia Career Aspiration Academia Career
100,000 16,733 18,825 19,046 16,976 19,182 19,376
250,000 41,833 47,063 47,615 42,440 47,955 48,440
500,000 83,665 94,125 95,230 84,880 95,910 96,880

Policy Details

  • Grace Period: 15 days’ grace period is allowed for premium payment in monthly mode and 30 days in other modes. If policyholder fails to make payment within the grace period, the policy lapses

  • Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy and receive the Surrender Value. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

    GSV = GSV % of Premiums paid + GSV% of vested Bonuses + GSV % of Guaranteed Additions

  • Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

People also read: Sukanya Samriddhi Yojana

Inclusions

  • Loan is available under the plan to a maximum of 80% of the SSV

Additional Features or Riders

  • Rebates for Large Sum Assured ranges of 4 lakhs and above

Exclusions

  • In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

Child Plan

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Child Plan

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Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
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