Contact Us
For NRI Customers
(To Buy a Policy)
(If you're our existing customer)
For Online Policy Purchase
(New and Ongoing Applications)
Branch Locator
For Existing Customers
(Issued Policy)
Fund Performance Check
Login
Customers
Employees
Partner
Complete Comparison of ULIP Plans
To this end, you should have a better understanding of the various features, benefits, and other terms related to the 3 plans mentioned above. The following table compare ULIP plans offered by HDFC Life:
| Criterion | Click2Invest | Pension Super Plus | ProGrowth Flexi |
|---|---|---|---|
Minimum Entry Age |
30 days | 35 years | 14 years |
Maximum Entry Age |
65 years | 65 years | 65 years |
Maximum Maturity Age |
18 years | 55 years | |
Maximum Maturity Age |
75 years | 75 years | 75 years |
Sum Assured |
125% of Single Premium 10 X annualized premium (entry age < 55 years) 7 X annualized premium (entry age > 55years) |
Higher of 10 X annualized premium or 0.5 X policy term X annualized premium (entry age < 45 years) Higher of 7 X annualized premium or 0.25 X policy term X annualized premium (entry age > 45 years) |
|
Minimum Annualized Premium |
Single - INR 24,000 Annual - INR 12,000 |
Annual - INR 24,000 Top-up Premium - INR 10,000 | Annual - INR 24,000 |
Policy Terms |
5 to 20 years | 10, 15, and 20 years | 10 to 30 years |
Premium Paying Options |
Single Limited - 5, 7, and 10 years Regular - 5 to 20 years | Minimum 5 years (policy term 10 years) Minimum 10 years (policy term > 15 years) | |
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
Annual, half-yearly, quarterly, monthly |
Annual, half-yearly, quarterly, monthly |
Advantages of ULIP Plans
Affordable
The various fees and charges associated with the above-mentioned ULIPs are affordable. This ensures only a small amount of your premium is not invested and used towards fees like premium allocation, fund management charges, policy administration, and mortality charges. It is important for you to compare ULIP plans and understand the associated expenses before making a decision.Flexibility
The ULIP plan comparison depicted above clearly shows that each of these insurance plans offers flexibility to buyers. These plans offer different policy terms, premium paying options, and premium payment frequencies. All of these features can be customized while availing the plan, to ensure it best suits all your personal needs.Tax Benefits
Investments made under these ULIPs enjoy tax exemptions as outlined in Section 80 C and Section 10 (10D) of the Income Tax Act.No Medicals and Simple
Individuals who meet the criteria outlined by the insurance company can avail either of these plans without undergoing any medical tests. The entire procedure to avail these policies is simple and efficient. Buyers can also choose to buy the ULIPs online, through the website, to enjoy additional benefits offered on this platform.
ULIPs are a kind of life insurance product that offer risk cover along with investment options to policyholders. Investments can be made in different instruments, such as bonds, equities, or mutual funds. Because the investments are related to market fluctuations, it is important for you to assess your risk appetite and undertake a detailed ULIP comparison before you make an investment decision.
Related Articles
- Unit Linked Plans and Conventional Plans
- ELSS and ULIP - Detailed Comparison
- ULIP Vs Pension Plans: Which is better for Retirement
Term Plan Articles
Investment Articles
Savings Articles
Life Insurance Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Insurance Advisor Articles
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- Term Insurance Calculator
- Investment Plans
- Investment Calculator
- Investment for Beginners
- Best Short Term Investments
- Best Long Term Investments
- 5 year Investment Plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- income tax slab
- Income Tax Return
- what is term insurance
- Ulip vs SIP
- tax planning for salaried employees
- HRA Calculator
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- best investment options
- best investment options in India
- Term Insurance for Housewife
- Money Back Policy
- 1 Crore Term Insurance
- life Insurance policy
- NPS Calculator
- Savings Calculator
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- itc claim
- deductions under 80C
- section 80d
- Whole Life Insurance
- benefits of term insurance
- types of life insurance
- types of term insurance
- Benefits of Life Insurance
- Endowment Policy
- Term Insurance for NRI
- Term Insurance for Women
- Term Insurance for Self Employed
- Benefits of Health Insurance
- Health Insurance for Senior Citizens
- Health Insurance for NRI
- Best Term Insurance Plan for 1 Crore
- personal accident insurance
- Annuity Calculator
- Life Insurance Calculator
- Term Insurance Comparison
- Digital Life Insurance
- term plan