HDFC Life YoungStar Udaan

You can choose from 3 options based on the financial goals of your child.

• Aspiration Option : This option gives the support to provide for the larger responsibilities of life. In this, a lumpsum is paid at maturity (Endowment).
• Academia Option: The planned and correctly timed investment for your child's education need.  In this, the payouts are offered in the last 5 years before maturity (Moneyback).
• Career Option : This option gives an added advantage to kick start your child’s career. In this, the payouts are offered in the last 5 years before maturity (Moneyback).

The table below specifies the series of money back/endowment payouts, payable at the end of each year, for a premium paying or a fully paid-up policy for the 3 plan options.

Where, SA: Sum Assured on maturity. GA: Guaranteed Additions

Please Note that Guaranteed Additions (Calculated as a % of Sum Assured on Maturity) for Policy Term <=19 years is 3% p.a. for first 5 policy years, nil thereafter and Guaranteed Additions for Policy Term >=20 years is 5% p.a. for first 5 policy years, nil thereafter.

The table below captures the available death benefits during the policy term under various options.

Where,

Death benefit: It shall be the higher of:

• Sum Assured on Death
• 105% of Premiums paid¹

The Sum Assured on Death shall be the higher of:

• Sum Assured on Maturity²
• 10 times Annualised Premium³ for entry age up to 50 years and 7 times Annualised Premium³ for entry age greater than 50 years