HDFC SL Progrowth Super II
Don't settle for anything but the best be it for yourself or your loved ones. With HDFC SL ProGrowth Super II, you have a smart savings-cum-insurance plan that will help you effortlessly provide the finest for your family, today and tomorrow.
The HDFC SL Progrowth Super II gives:
- Valuable financial protection to your family in case you are not around
- Flexible additional benefits options
- An outstanding investment opportunity that maximises your savings by providing you a choice of thoroughly researched investment selections
Features and Benefits
Features
- Higher allocations:
Year Premium Allocation Charge Year 1 to 7 4% Year 8+ 1% - Level of protection:
You can choose any amount as Sum Assured with a minimum of 10 times and a maximum of 40 times your chosen annual regular premium
Term* Premium Sum Assured Entry Age(Life Option) Maturity Age (Life Option) Maximum 30 No limit 40 x Annual Premium 65 - Term limits: The minimum term of the policy is 10 years and maximum is 30 years
- Eight risk cover options:
Choice of 8 plan options including Extra Disability Benefit
1. Life Option 5. Life & Disability Option 2. Extra Life Option 6. Extra Life & Disability Option 3. Life & Extra Health Option 7. Life & Health & Disability Option 4. Extra Life & Health Option 8. Extra Life & Health & Disability Option - Choice of funds: Choice to invest in any of the 7 funds depending on your risk appetite:
- Short Term Fund
- Income Fund
- Balanced Fund
- Blue Chip Fund
- Opportunities Fund
- Maturity benefit of the Fund Value. You can opt for settlement option
- Death Benefit : In case of the policy holder's unfortunate demise during the policy term, we will pay Sum Assured + Unit Fund value to the family
- Access your fund only after 5 policy years
- No medicals are required if a Short Medical Questionnaire eligibility is fulfilled
Benefits
- Customise the plan as per your need by choosing the premium you wish to invest along with the Sum Assured, depending on the level of protection required
- You can change your investment fund choices in 2 ways:
- Switching: You can move your accumulated funds from one fund to another, anytime
- Premium Redirection: You can pay your future premiums into a selection of different funds, as per your need
- Partial withdrawals allowed after 5 years
- Grace period of 30 days
- Avail of the tax benefits offered under section 80C and 10(10D) of the Income Tax Act, 1961
Application Process
It just takes a few simple steps to get insured. Apply today and manage your finances easily.