HDFC SL ProGrowth Super II Plan

HDFC SL ProGrowth Super II is a ULIP plan providing investment option and life insurance coverage for complete protection and savings

Best Investment Plans
  • 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

*Please note that the quotes shown will be from our partners
Grow Your Wealth !
Best Plans with High Returns available on one platform
+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

HDFC SL ProGrowth Super II -Key Features

  • It is a ULIP plan with Regular Pay option.
  • Accidental Death benefit, Critical Illness benefit and Accidental Total & Permanent Disability (ATPD) benefit are inbuilt add-ons of the plan.
  • There are 8 coverage options under the plan:
    • Life Option – Death Benefit
    • Extra Life Option – Death Benefit + Accidental Death Benefit
    • Life & Health Option – Death Benefit + Critical Illness Benefit
    • Extra Life & Health Option – Death Benefit + Critical Illness Benefit + Accidental Death Benefit
    • Life & Disability Option – Death Benefit + ATPD Benefit
    • Extra Life & Disability Option – Death Benefit + Accidental Death Benefit + Accidental Total and Permanent Disability Benefit
    • Life & Health & Disability Option – Death Benefit + Critical Illness Benefit + Accidental Total and Permanent Disability Benefit
    • Extra Life & Health & Disability Option – Death Benefit + Accidental Death Benefit + Critical Illness Benefit + ATPD Benefit 
  •     The plan offers 4 funds options for investment-
    • Blue chip Fund
    • Opportunities Fund
    • Balanced Fund
    • Income Fund    

HDFC SL ProGrowth Super II - Benefits

  • On maturity, the insured receives the total fund value as maturity benefits.    
  • The policyholder can avail maturity proceeds in equal instalments through the settlement options over a period of 5 years.
  • On demise of the policyholder, the total sum assured and fund value subject to a minimum of  105% of paid premiums is payable to the nominee.
  • In case the policyholder is diagnosed with a Critical Illness, total of Sum Assured and Fund Value is paid under the Critical Illness Benefit.
  • Under the Accidental Total and Permanent Disability benefit, 10% of the sum assured is paid every year for the benefit payout term which is lower of 10 years or term end of one year form the date of disability.
  • An additional Accidental Death Benefit equal to the SA is payable if the policyholder is killed in an accident.
  • The insured can avail tax benefit under section 80C and 10(10D) of Income Tax Act, on the premiums paid and the claim made respectively. 

HDFC SL ProGrowth Super II - Product Specification:

 

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

Yearly Premium

15,000

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

HDFC SL ProGrowth Super II - Policy Details 

Grace Period: A 30 days’ grace period is offered to the insured during which they can pay the premiums.

 If the policyholder failed to pay his/her premium on time, then he/she has to clear all his/her dues within the grace period.  If he/she again fails to pay before the grace period ends, the policy will lapse.    

Policy Termination or Surrender Benefit: After the completion of 5 years, the insured can surrender the policy. In case he/she surrenders it before 5 years, then discontinuation charges will be deducted from the total fund value and the remaining amount will be credited to the surrendered policy fund where a minimum of 4% per annum growth will be earned. After the completion of 5 years, the fund value in the discounted policy till that date will be paid out to the insured.  If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any additional charges. 

Free Look Period: A free look period is an option, provided to the policyholder, under which he/she can cancel the policy within 15 days of the policy issue date, if he/she does not like the terms and conditions of the policy. However, there should be no claim made during this period.   

Inclusions

  • The insured is allowed to make partial withdrawal every year with a minimum value of Rs10,000/-.
  •  For switching between funds, free switches are allowed every year
  • Future premiums can be redirected to a new fund via the Premium Redirection option. 

Additional Features or Riders 

    The plan can be availed with minimal underwriting using a Short Medical Questionnaire. 

Exclusions

  • Within 12 months of policy inception, if the insured commits suicide, then 80% of the total premium paid is provided to the beneficiary.      
  • In case of Accidental Death Benefit, Critical Illness Benefit and ATPD benefit, following instances are excluded from the 0policy:
    • Critical Illness or Accidental death due to intentional self-inflicted injury, alcohol abuse, war, aviation, criminal activities, or radiation or due to participating in hazardous activities etc. 

Documents Required 

While filling the application form, the policyholder has to submit a copy of accurate medical history along with the KYC documents.

You may also like: HDFC Life ProGrowth Plus ULIP Plan

Frequently Asked Questions

1.     What is the minimum and maximum entry age of the policy?

The minimum and maximum entry age of the policy is from 14 years to 65 years.

2.     What is the maximum maturity age of the policy?

The maximum maturity age of the policy is 75 years.

3.     What is the minimum and maximum tenure of the policy?

The minimum and maximum tenure of the policy is from 10 years to 30 years.

4.     What are the Coverage options available under the policy?

The eight coverage options under the plan are as follows:

  • Life Option – Death Benefit
  • Extra Life Option – Death Benefit + Accidental Death Benefit
  • Life & Health Option – Death Benefit + Critical Illness Benefit
  • Extra Life & Health Option – Death Benefit + Critical Illness Benefit + Accidental Death Benefit
  • Life & Disability Option – Death Benefit + ATPD Benefit
  • Extra Life & Disability Option – Death Benefit + Accidental Death Benefit + Accidental Total and Permanent Disability Benefit
  • Life & Health & Disability Option – Death Benefit + Critical Illness Benefit + Accidental Total and Permanent Disability Benefit
  • Extra Life & Health & Disability Option – Death Benefit + Accidental Death Benefit + Critical Illness Benefit + ATPD Benefit
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 0 Reviews)
Newsletter
Sign up for newsletter
Sign up our newsletter and get email about health plans.

Ulip plans articles

Recent Articles
Popular Articles
7 Things to Know About the Tax Benefits of ULIPs

06 Oct 2021

Nowadays, Unit Linked Insurance Plan i.e., ULIPs have evolved as...
How To Select The Best ULIP For Your Portfolio?

08 Sep 2021

ULIPs provide financial protection to the policyholder’s...
How to Choose The Right ULIP Plan In 5 Easy Steps

08 Sep 2021

Unit Linked Insurance Plans or ULIPs as known popularly, are one...
ULIP Calculator

08 Oct 2018

A ULIP calculator is a specifically developed tool which helps...
ULIP Fund Returns

08 Feb 2017

ULIP or Unit Linked Insurance plan  provides a combined benefit...
ULIP Calculator
A ULIP calculator is a specifically developed tool which helps the insurance buyers to calculate the premium...
ULIP Fund Returns
ULIP or Unit Linked Insurance plan  provides a combined benefit of investment and life cover. According to the...
SBI Life Smart Privilege Plan - All You Need to Know About Benefits & Features
One of the most trusted life insurance companies in India, SBI Life has recently come up with a new SBI Life...
11 ULIP Charges You Should Know About
Unit-Linked Insurance plan (ULIP) offers dual benefits of insurance and investment. Unlike traditional insurance...
Everything You Need to Know about LIC Market Plus Plan
Life Insurance Corporation, one of the largest insurance providers in India, offers a variety of plan to meet the...

HDFC SL ProGrowth Super II Plan Reviews & Ratings

0 / 5 (Based on 31 Reviews)
(Showing Newest 25 reviews)
Omkar
Chennai , October 26, 2021
Great features
I have got day care hospitalization feature under the mediclaim policy which i have purchased from the policybazaar. It offered me lifelong renewability Cover. It includes tax exemption benefits, cashless hospitalization and many other facilities. overall i like my plan.
Angoor
Kolkata , October 26, 2021
Trustworthy website
I rarely trust the online purchasing because of the possibility of fraud but Policybazaar has built my trust up. I went through the online process when I was taking care health insurance from here and i found this website trustworthy.
Kush
Surat, October 26, 2021
Helpful staff
I rarely trust the online purchasing because of the possibility of fraud but Policybazaar has built my trust up. I went through the online process when I was taking care health insurance from here and i found this website trustworthy.
Ranveer
Pune, October 26, 2021
Low cost plan
Such a simple and easy process to buy a policy was provided to me by Policybazaar. Someone suggested me to check the health plans on Policybazaar website. i went through a lot of plans and i found the right plan here. i bought star health insurance at low cost.
Kushal
Jaipur, October 26, 2021
Good Coverage
I have bought Bajaj Allianz Health Insurance for my family and by taking a health plan, I have secured my entire family. I have got coverage against medical expenses and buying my policy online has saved my money as I did not have to pay agent fees.
Jitendra
Lucknow, October 26, 2021
Affordable plan
A friend of mine told me about Policybazaar. He said that he has found an affordable health plan deal in Policybazaar. I went to Policybazaar to buy the same plan. I wanted a family health plan so I took Aditya Birla health insurance and it has covered every member of my family.
Rajesh
Kanpur, October 26, 2021
Easy to compare
Last week i went to Policybazaar for taking health plan for my family. An executive explained the policy very well and showed me various plans out of which i chose digit health insurance and it has covered me and my wife.
Kuvar
Nagpur, October 26, 2021
Good plan
I was able to compare the various plans easily on the website of Policybazaar. At first, i was confused about what i should choose as so many options were given there but then i bought sbi general health insurance for my parents. I got really good senior citizen health plan.
Abhijeet
Allahabad, October 26, 2021
Hassle free experience
I had an amazing and hassle free experience with policybazaar. Everything has beem very smooth when i was purchasing health insurance from policybazaar. Their team assisted me in well mannered way.
Bhaskar
Ranchi, October 26, 2021
Problem resolving
I contacted the customer care of policybazaar as i was facing some difficulty. They just took a minute to solve my problem. I am happy that i have bought my health insurance from the right place. Policybazaar always give proper attention to its customers.
Debyendu
Haora, October 26, 2021
Supportive team
When I was buying my health insurance from the website of Policybazaar, I was a little confused about the policy. I got in touch with the customer care and the executive guided me very well and cleared all my doubts with satisfactory answers. Thanks to Policybazaar for guiding me.
Gaurav
Coimbatore, October 26, 2021
Smooth service
In my health insurance, company is providing me financial assistance. i have got medical coverage against medical expenses arising out of health emergency which i have taken from the Policybazaar. service of policybazaar is very smooth and fast.
Angad
Jabalpur, October 26, 2021
Good service
I have bought health insurance through the website of policybazaar. Policybazaar gave me full support and when i contacted the customer care of policybazaar for clearing some of my queries they provided me very good service. Thanks to the Policybazaar for Giving me superb service.
Aniruddh
Gwalior, October 26, 2021
Cashless treatment
I have got cashless treatment facility in my health insurance. This will help me to save my savings as I will not have to bear the financial burden of medical expenses. Anyone who is looking for the best and an affordable health plan I would love to recommend Policybazaar to them.
Onkar
Vijayawada, October 26, 2021
Easy Reimbursement
My experience with Policybazaar has been great. I had taken senior citizen health insurance for my mother from Policybazaar. Last month, she was admitted to the hospital due to a medical emergency. When she got discharged I connected with Policybazaar for reimbursement of hospital bills and I got it immediately
Paramjit
Jodhpur, October 26, 2021
No claim bonus
Policybazaar is totally worthy place to buy any kind of plan. I have been using senior citizen health insurance for a long time which i had take for my parents. I never raised the claim request so i got discount on the premium rate when i was renewing the plan.
Kartik
Madurai, October 26, 2021
Add on cover
I am using senior citizen health insurance since last year which i had taken from the policybazaar and recently i have customized my health plan with add on cover and added some additional features to it which i got at an affordable rate.
Karun
Raipur, October 26, 2021
Low premium
I have taken senior citizen health insurance for my parents. It has Coverage against medical expenses. Pre hospitalization, post hospitalization expenses features are covered under the plan. It has low premium rate and covered huge number of benefits.
Swapan
Kota, October 26, 2021
Easy Reimbursement
I got reimbursement in hospital bills. I bought senior citizen health insurance for my mother from Policybazaar and a month back she faced some medical problems. I connected with policybazaar for reimbursement and i got it without any hassle.
Tarun
Guwahati, October 26, 2021
Pocket friendly plan
I was looking for senior citizen health insurance for a long time which I wanted to take for my father. A relative of mine suggested me the Policybazaar website. I landed to their website and checked the health plans. In the end I finally found one that came within my budget.
Tejas
Chandigarh, October 26, 2021
Affordable plan
I was looking for family health insurance for a long time. I searched a lot on Google and finally found the website of policybazaar. Here i got family health insurance according to my budget and needs. I really liked the service provided by the Policybazaar.
Ayesha
Solapur, October 26, 2021
High coverage
I have secured my family with the help of family health insurance which i have purchased from Policybazaar. In my health plan, i have got coverage for medical expenses. From now on i do not have to bear financial burden as my policy will give me financial protection.
Bahaar
Hubli And Dharwad, October 26, 2021
Good in customer handling
Policybazaar is very good in terms of handling customers. I bought family health insurance from Policybazaar and their team maintained professionalism with courteous demeanor which was absolutely impressive. I would definitely like to get in touch with Policybazaar for more plans.
Bhagyashree
Bareilly, October 26, 2021
Minimal paperwork
In my family health insurance, every member of my family are covered. there was minimal and Hassle free paperwork. I got high number of coverage and benefits under my plan. the team of policybazaar guided me and helped me to select the suitable plan.
Devika
Moradabad, October 26, 2021
Faster claim settlement
Thankfully I had taken family health insurance from Policybazaar. a while ago, i had to admitted my father to the hospital due to sudden medical emergency. i had claimed and got the claim very easily and quickly. I got faster claim settlement. I am happy with the service.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL