Professional Documents
Culture Documents
THE POLICYHOLDER.
OVERVIEW
HDFC SL Progrowth Flexi, has couple of This plan only comes with 2 options:
good features which will help. The
1. Life Option = Death Benefit
main features which we find are :
2. Extra Life Option = Death Benefit
1. Flexible premium payment options
+ Accidental Death Benefit
2. Five investment funds
This plan doesn’t cover critical Illness,
3. Flexibility to change premium and there is no option for this as
paying term well.
Maximum Maturity Age is 75 yrs
Eligibility Entry Age: Rs 250.00 is charged for service
Min Age : 14yrs for Life Option request
18yrs for Extra Life
Discontinuity of policy before 5yrs
Max Age: 65 for Life Option
cost more
55 for Extra Life
Withdrawal:
1. Minimum Withdrawal is Rs 10000.00. The life assured should be 18yrs of age or more.
2. Maximum amount withdrawn is 300% of the original premium paid.
RECOMMENDATION
Should I Buy This ULIP plan : No, The premium is high. Minimum premium compared to other ULIP plan it is high.
Monthly premium is also high. If only you are looking at changing your premium paying term later in the lie cycle of
the policy, it is beneficial. Consult your agent. To Look out for Insurance agent Click Here
Thank You
Note : This is author’s view, and do not guarantee on any of the text published. Please visit HDFC Insurance for more details. We are not responsible for any Loss or Damage.