Young Star Udaan- A New Child Plan by HDFC Life

21^st April 2014: HDFC Life has launched a new child plan- YoungStar Udaan for those parents who want to secure the future of their child during critical milestones. 'YoungStar Udaan' – A new child insurance plan with a minimum monthly premium of Rs 2,000 and no upper limit has been launched by HDFC Life today for the pan-India market. Offering a flexible money-back option, this is a participating child plan.

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

We are rated^~

6.7 Crore

Registered Consumers

51

Insurance Partners

3.4 Crore

Policies Sold

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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We are rated^~

6.7 Crore

Registered Consumers

51

Insurance Partners

3.4 Crore

Policies Sold

The vice president (product development) of HDFC Life, Sanjay Tiwari, said that they have chosen Lucknow to unveil the product as Uttar Pradesh due to its population is a dense market.

20% of their new business accounts from the HDFC child plan segment. 11-13% of total business for HDFC Life nationally is comprised by the new business from child plans currently.

This new product is for those parents who wants to make their child's future secure during critical milestones like marriage, education, etc.

The premiums of this plan could be paid quarterly, half-yearly or yearly. As per the choice of customer, the premium payment terms could either be policy term minus 5 years or 7-10 years. 15 years and 25 years are the minimum and maximum policy terms for this plan, respectively.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
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