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

kapil-sharma
  • 4.8++ Rated
  • 10.5 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 5.3 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans˜ with High Returns**
Invest ₹10K/month & Get ₹1 Crore# Tax-Free*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
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
Get Updates on WhatsApp
We are rated++
rating
10.5 Crore
Registered Consumer
51
Insurance Partners
5.3 Crore
Policies Sold

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. 

People Also Read: HDFC Life Flexi Cap Fund NFO

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


˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Ulip Insurer2
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1286 Reviews)

Ulip plans articles

Recent Articles
Popular Articles
Sahara Life ULIP Plan Calculator

02 Jul 2025

The Sahara Life ULIP Plan Calculator is a reliable online
Read more
Axis Max Life Flexi Wealth Plus Plan

24 Jun 2025

Axis Max Life Flexi Wealth Plus is a Unit Linked Insurance
Read more
Axis Max Life Flexi Wealth Advantage Plan

24 Jun 2025

Axis Max Life Flexi Wealth Advantage Plan is a Unit-Linked
Read more
Bandhan Life ULIP Calculator

05 Jun 2025

The Bandhan Life ULIP calculator is a financial tool that helps
Read more
Reliance ULIP Plan Calculator

05 Jun 2025

The Reliance ULIP Plan Calculator is a reliable financial tool
Read more
ULIP Calculator
  • 08 Oct 2018
  • 144832
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
Axis Max Life ULIP Plan Calculator
  • 22 Sep 2021
  • 7888
Unit Linked Insurance Plan (ULIP) is an insurance product that combines both insurance and investment under a
Read more
SBI Life Smart Privilege Plan: Benefits & Features
  • 11 Jan 2017
  • 137118
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
Tata AIA ULIP Plan Calculator
  • 07 Feb 2023
  • 14905
A Tata AIA ULIP Plan Calculator is a premium and returns calculation tool that helps easily and quickly compare
Read more
Bajaj Allianz ULIP Plan Calculator
  • 18 Jan 2022
  • 11882
Bajaj ULIP (Unit Linked Insurance Plan) is a popular investment option for investors. It offers dual benefits of
Read more

HDFC Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1286 Reviews)
(Showing Newest 10 reviews)
Divya
Ranchi, June 22, 2025
Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
Harsha
Guwahati, June 21, 2025
Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
Plan gives control over fund choice and returns.
Aditi
Vijayawada, June 16, 2025
Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
Indore, June 11, 2025
Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.
Siddharth
Kochi, May 10, 2025
Pramerica Smart Invest Was a Pleasant Surprise
Didnt expect it to be this flexible. Great choice.
Aisha
Kolkata, April 09, 2025
ICICI Signature Plan Was a Smart Decision
Liked the balance between life cover and returns
Raghav
Ahmedabad, April 08, 2025
LIC Index Plus is a No Brainer
Safe low risk and time tested. I didnt have to think twice.
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.
top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore# Returns

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL