Young Star Udaan- A New Child Plan by HDFC Life

21st 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. 

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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

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rating
6.7 Crore
Registered Consumers
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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~
rating
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
^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.
#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.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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