HDFC Life ProGrowth Plus Returns Calculator

HDFC Life ProGrowth Plus Returns Calculator Example

• Step 1 – Enter plan details: Sum assured – INR 30,00,000
• Step 2: Premium amount: Let's enter INR 8,000
• Step 3: Premium frequency: Let's enter "Monthly". It means you will be paying a premium of INR 8,000 every month.
• Step 4: Select plan options – Life or Early Life: Let's select "Life."
• Step 5: Enter the life assured details.
• Step 6: Under "Fund Details" Let's select "Equity Fund" and enter 100% in "Equity Plus Fund". 
• Step 7: Click on "Calculate".
• Step 8: – Policy term: Let's choose 20 Years.
• Step 9: Use the Slider that is provided. Let's slide it to the end, where it shows maturity to see the maturity amount.
• Step 10: Total Benefit = INR 33,98,491.

The calculation is done, and the result shows that the maturity amount is INR 33,98,491 and a life cover of 30 Lakhs.

So, you will get Rs 33,98,491 at the end of 20 years by just investing Rs 8,000 monthly for 20 years.

Advantages of HDFC Life ProGrowth Plus Returns Calculator

Some advantages of HDFC Life ProGrowth Plus Returns Calculator are:

• Calculating the future financial needs: This calculator allows you to calculate the maturity amount of the plan, which helps you decide how much you should invest to meet your needs.
• Easy to understand: Calculations are simple and fast. Just enter a few details, and you will understand the plan's details, which makes understanding the functioning of the plan simple for ordinary people.
• Setting up a financial goal: It can help set up your financial goals in life, such as investment goals and life coverage goals to protect your loved ones.

Information Required

• Coverage amount
• Premium amount
• Premium frequency 
• Plan option (Life or Early life)
• Basic information about the insured
• Name, Date of Birth, Gender, Email ID, Mobile Number
• Fund allocation
• Policy term
• Rate of return

Benefits of Buying HDFC Life ProGrowth Plus Plan

Benefits of buying the HDFC Life ProGrowth Plus are:

• Investments in Market-Linked Schemes: The HDFC Life ProGrowth Plus plan invests your money into equity and debt funds. These market-linked schemes help investors earn better returns than conventional investment instruments such as gold and FDs.
• Diverse range of funds: This plan provides multiple fund options to choose from. It gives the investor the option of equity fund, balanced fund, and debt fund.
• Flexibility: This fund asks you to choose the life coverage, i.e. the sum assured. It helps investors to a great extent because every investor has different financial needs.
• Investing habit: Investing in a ULIP will help you build the practice of investing. Since the interest rates are going down rapidly and inflation is soaring, you must earn better returns to ensure a promising future for you and your family.
• Family protection: A ULIP plan generates wealth for you and gives your family financial protection in case of a mishap.
• Financial Goals: You must have a financial goal in your life to retire at a pre-decided age. And ULIPs help you with that. The HDFC Life ProGrowth Plus Returns Calculator estimates the returns on your investment which will help you to plan your retirement better. 
• Tax Benefits: HDFC Life ProGrowth Plus plan is eligible for income tax deduction under Section 80Cup to INR 1.5 lakh pa. The maturity proceeds of this plan can also be exempt from tax under Section 10(10D). Also, in case of the death of the ULIP investor, the amount received by the family will be exempt from tax u/s 10(10D) of The Income Tax Act 1961.

In Conclusion

The HDFC Life ProGrowth Plus Returns Calculator will help you enormously in your family financial planning. The calculator also allows you to select options like several policy terms, several funds to invest in like equity, balanced, and debt. Every investor and policyholder can use it easily to know certain details.

FAQ's