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In this policy,the investment risks in the investment portfolio is borne by the policyholder
HDFC Life ProGrowth Plus
HDFC Life ProGrowth Plus
UIN: 101L081V06Build wealth while you stay insured
Choose from
10 fund options
Get market linked
benefits for
your investments
Financial protection to your loved ones
1800-266-9777
(All Days, from 9am to 9pm, Toll Free)
Why HDFC Life ProGrowth Plus?
A Unit Linked Non Participating Life Insurance Plan that will enable you to enjoy life cover and benefit from market linked returns
Invest in any of the 10 fund options of your choice
In case of an accidental death we will pay an additional sum assured to the nominee1
Option to make partial withdrawal from funds to meet financial emergencies, if any2
Invest in any of the 10 fund options of your choice
In case of an accidental death we will pay an additional sum assured to the nominee1
Option to make partial withdrawal from funds to meet financial emergencies, if any2
- Additional Sum Assured on accidental death is paid under Extra Life Option.
- Partial withdrawals can be made from your funds after completion of 5 policy years, provided the Life Assured is at least 18 years of age.
- Additional Sum Assured on accidental death is paid under Extra Life Option.
- Partial withdrawals can be made from your funds after completion of 5 policy years, provided the Life Assured is at least 18 years of age.
Your Plan. Your Benefits
Flexibility to choose your policy and premium payment terms.
Select your core objective for buying an insurance cover
- Maturity Benefit
- Death Benefit
- Accidental death benefit
Maturity Benefit
Maturity Benefit
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You may redeem your balance units at the then prevailing unit price and take the fund value.
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You have the option to take the Unit Fund Value in periodical instalments over a period which may extend to a maximum of 5 years.
Check Eligibility Criteria
Before buying HDFC Life ProGrowth Plus
ELIGIBILITY CRITERIA
Parameters |
Minimum |
Maximum |
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|---|---|---|---|
Entry Ages Life Option |
0 years (30 days) |
65 years |
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Entry Ages Extra Life Option |
18 years |
55 years |
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Maturity Age Life Option |
- |
75 years |
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Maturity Age Extra Life Option |
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70 years |
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Premiums |
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Annual |
Rs. 24,000 |
No Limit, subject to board approved underwriting policy |
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Half Yearly |
Rs. 10,000 |
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Quarterly |
Rs. 7,500 |
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Monthly |
Rs. 2,500 |
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Sum Assured |
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Age less than 45 years |
Higher of 10 x annualized premium or 0.5 x policy term x annualized premium |
40 x annualized premium, |
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Age equal to 45 years and above |
Higher of 7 x annualized premium or 0.25 x policy term x annualized premium |
||
Policy term ^ |
10 years |
30 years |
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Premium Payment Term ^ |
Limited Pay: 5, 7, 10 & 12 years Regular Pay : Premium Payment Term shall be equal to policy term chosen |
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Customise your cover with these riders
Riders in insurance have an important part in contingency planning. A ULIP is incomplete without them.
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HDFC Life Income Benefit on Accidental Disability Rider
UIN: 101B013V03
Get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an accident.
DOWNLOAD -
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HDFC Life Critical Illness Plus Rider
UIN: 101B014V02
We pay a lump sum amount equal to Rider Sum Assured upfront if diagnosed with of any of the specified critical illnesses
DOWNLOAD -
![icon]()
HDFC Life Protect Plus Rider
UIN: 101B016V01
Get protected with a proportion of Rider Sum Assured in case of accidental death or partial/total disability due to accident or diagnosed with Cancer
DOWNLOAD
Not sure which insurance to buy?
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Personal details
Your Required life cover to protect your family’s future is
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Frequently Asked Questions
We’ll tell you everything you need to know about HDFC Life ProGrowth Plus
1 Why is this plan good for me?
HDFC SL ProGrowth Plus, this ULIP plan will help you to make the most of equities by channelizing your savings effectively.
The HDFC SL ProGrowth plus gives:
- Valuable financial protection to your family in case you are not around.
- Opportunity to invest in a choice of funds.
HDFC Life ProGrowth Plus is a regular premium unit linked insurance plan. In this plan you can choose your regular premium and the investment fund(s). We will then invest your regular premium, net of premium allocation charges in your chosen fund(s) in the proportion you specify. At the end of the policy term, you will receive the accumulated value of your fund(s).
2 What will my family receive in case of my unfortunate demise?
In case of the Life Assured's unfortunate demise, we will pay the highest of the following to the nominee:
- Sum Assured (less all withdrawals made during the two year period immediately preceding the death of Life Assured)
- Unit Fund Value
- Minimum death benefit of 105% of the total premiums paid
The policy will terminate thereafter and no more benefit will be payable.
We will also pay the Accidental Death Benefit (if applicable) which is the Sum Assured in addition to the Death Benefit described above. Your policy will terminate thereafter and no more benefits will be payable.
3 What are the various fund options in this plan?
There are 10 fund options to choose from in this plan:
Income Fund
Balanced Fund
Blue chip Fund
Opportunities Fund
Equity Plus Fund
Bond Fund
Diversified Equity Fund
Conservative Fund
Discovery Fund
Equity Advantage Fund
4 What is the minimum premium that needs to be paid?
Minimum premium amounts for various premium payment frequencies are as follows:
Annual: ₹ 24,000
Half Yearly: ₹ 10,000
Monthly: ₹ 2,500
5 What is the frequency in which I can invest my money?
Annual, Half-yearly and Monthly*
*It is mandatory for policies with monthly frequency to be taken with ECS/SI & to pay first 3 months premiums in advance.
6 Where do I check the fund performance?
To check fund performance CLICK HERE
7 Can I save tax by investing in this policy?
Tax benefits under sections 80Cand 10(10D) of the Income Tax Act 1961 subject to provisions contained therein
* Subject to provisions, as per Income Tax Act 1961. Tax benefits are subject to changes in tax laws.
The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.
HDFC Life ProGrowth Plus (UIN No: 101L081V06) is the name of the Unit linked, Non-Participating, Life Insurance plan.
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand andHDFC Life ProGrowth Plus (UIN No: 101L081V06) ) is only the name of the unit linked life insurance contract. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
ARN: PP/07/22/29911