Introduction/Overview
HDFC SL ProGrowth Flexi Plan is a Unit Linked Insurance plan providing market participation and with two different life cover options to suit specific needs
Guaranteed Tax Savings
Under sec 80C & 10(10D)₹ 1 Crore
Invest 10k Per Month*Zero LTCG Tax
Unlike 10% in Mutual Funds*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
14 years |
65 years |
Maturity Age (Last Birthday) |
- |
75 years |
Policy Term (PT) in years |
10 |
30 |
Premium Paying Term (PPT) in years |
Equal to policy term |
|
Premium paying Frequency |
Annual, half-yearly, monthly |
|
Yearly Premium |
24,000 |
No limit |
Sum Assured |
Higher of 10*annual premium or 0.5*term*annual premium for ages<45 yrs. Or Higher of 7*annual premium or 0.25*term*annual premium |
40*annual premium |
Grace Period: 15 days grace period is allowed for payment of premiums in monthly mode and 30 days in other modes after which the policy lapses
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges
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.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.
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