ULIP Product HandBook as on 4th Feb 2020

HDFC Life HDFC SL

Plan Name HDFC SL Crest HDFC Life Sampoorn Nivesh HDFC SL ProGrowth Super II HDFC SL YoungStar Super Premium
Classic One Progrowth Flexi
UIN 101L132V03 101L064V03 101L103V02 101N066V04 101L068V03
Policy

Single Life: Min 0 Years, Max 40 Years.Joint
Age of Entry
Life: Min: 18 Years, Max: 65 Years
Classic Benefit (Life Option) Min: 0 years (30 days). Max: 5 Pay - 54 Years, Other
Life Option: Min -14 Years, Max 65 Year, Extra
than 5 Pay - 60 Years, Classic Benefit (Extra Life Option) Min: 18 Years. Max: 5 Pay -
Life Option /Life &Extra Health Option/Extra
53 Years, Other than 5 Pay - 58 Years, Classic Plus Benefit Min: 0 years (30 days). Life Option : Min - 18 Years, Max : 65 Years
Life and Health Option/Life & Disability Life Option: Min -14 Years, Max 65 YearExtra
Min: 14 Years, Max: 55 Years Max: 5 Pay - 48 Years, Other than 5 Pay - 50 Years, Classic Waver Benefit Min: 18 Life + Health Option : Min - 18 Years, Max - 55
Option/Extra Life & Disability Option/Life & Life Option : Min - 18 Years, Max - 55 Years
years. Max: 5 Pay - 47 Years, Other than 5 Pay - 50 YearsFor non-annual modes the Years
Health &Disability Option: Min - 18 Years, Max -
applicable maximum entry age limit shall be less than 2 years of the corresponding
55 Years
age limits for annual mode as mentioned above

Classic Benefit (Life Option) Min: 18 Years. Max: 5 Pay - 64 Years, Other than 5 Pay Life Option: 75 Years, Extra Life Option: 70
- 70 Years, Classic Benefit (Extra Life Option) Min: 28 Years. Max: 5 Pay - 63 Years, Years,Life &Extra Health Option/Extra Life and
Single Life: Min 18 Years, Max 50 Years.Joint Life Option: 75 Years, Extra Life Option: 70 Life Option : 75 YearsLife + Health Option : 65
Age of Exit 65 Years Other than 5 Pay - 68 Years, Classic Plus Benefit Min: 18 years. Max: 5 Pay - 58 Health Option/Life & Disability Option/Extra
Life: Min: 28 Years, Max: 75 Years Years Years
Years, Other than 5 Pay - 60 Years, Classic Waver Benefit Min: 28 years. Max: 5 Life & Disability Option/Life & Health
Pay - 57 Years, Other than 5 Pay - 60 Years &Disability Option: 65 Years

Min' Policy Term 10 Years 10 Years 10 Years 10 Years 10 Years

Life Option/ Extra Life Option/ Life &Extra
Health Option/Extra Life and Health Option - 30
Joint Life :10 Years,Single Life: 50 Years - Age 10 Years, 15 Years - 25 Years
Max' Policy Term 10 Years Years, Life & Disability Option/Extra Life & 30 Years (11 Years - 14 Years not offered) 20 Years
of Entry
Disability Option/Life & Health &Disability
Option: 25 Years
Premium Paying Terms SP 5 Years SP, LP - 5,7,10 Years, RP - 10 Years, 15 Years - 25 Years RP RP RP
Premium
Annual: 24000; Half yearly : 10000; Monthly:
Min' Premium in Rs Annual - 25000 Annual: Rs 50000 SP - 24000, Annual - 24000, Half Yearly - 12000, Quarterly - 6000, Monthly - 2000 Annual - 15000 Only Annual Mode : Rs 15000
2500

No Limit, subject to Board Approved No Limit, subject to Board Approved No Limit, subject to Board Approved No Limit, subject to Board Approved No Limit, subject to Board Approved
Max' Premium No Limit, subject to Board Approved Underwriting Policy (BAUP)
Underwriting Policy (BAUP) Underwriting Policy (BAUP) Underwriting Policy (BAUP) Underwriting Policy (BAUP) Underwriting Policy (BAUP)

Age less than 45 years : Higher of 10 * Age less than 45 years : Higher of 10 *
Age less than 45 years : Higher of 10 * Age less than 45 years : Higher of 10 * Annualised Premiums or0.5 x Policy Term * Annualised Premiums or0.5 x Policy Term * Annualised Premiums or0.5 x Policy Term * Age less than 45 years : Higher of 10 *
Min' Sum Assured 10*Annualized Premium Annualised PremiumsAge equal to 45 years and Annualised PremiumAge equal to 45 years and above :Higher of 7 * Annualised Annualised PremiumAge equal to 45 years and Annualised PremiumAge equal to 45 years and Annualised PremiumsAge equal to 45 years and
above :Higher of 7 * Annualised Premiums Premiums or0.25 x Policy Term * Annualised Premium above :Higher of 7 * Annualised Premiums above :Higher of 7 * Annualised Premiums above :Higher of 7 * Annualised Premiums
or0.25 x Policy Term * Annualised Premium or0.25 x Policy Term * Annualised Premium
Max' Sum Assured 20 * Annualized Premium 10 * Annualized Premium 40 * Annualized Premium 40 * Annualized Premium 40 * Annualized Premium
Riders Applicable IB IB & CI IB & CI ADB & CI IB & CI IB & CI
Benefits

Loyalty additions (as percentage of the average fund value) will be added to the
fund value every alternate year starting from the end of 11th policy year for limited Two Death Benefit payment preference
and regular premium payment policies. PPT 5 Years: Annual Mode 1.8%, Non options: 1) Save Benefit : Sum Assured +
At the end of the 10th Policy Year, Higher of: Annual Mode 1.6%, PPT 7 Years/10 Years/RP: Annual Mode 1.2%, Non Annual Mode 100% of Waiver of Premiums, on death or
Additional Benefits
Total Premium Allocation Charge + Policy 1%. For single premium policies, the Loyalty Additions will be 1.50% of the average critical illness 2) Save-n-Gain Benefit : Sum
(eg' additions etc)
Admin Charge or 5% of Single Premium fund value. The Loyalty Addition shall be payable at the end of every policy year Assured + 50% of Waiver of Premiums +
from year 10 to 14 (both inclusive).The average fund value shall be calculated Regular payouts (remaining 50% of
based on the fund values at the end of the policy month, for the immediately premiums), on death or critical illness
preceding 12 policy month

Charges

SP - Premium <10 Lacs : 3%, Premium 10 Lacs to 24.99999 Lacs: 1.5%, Premiums
> 25 Lacs: 1%. RP & LP - Premium < 1 Lac Annual Mode, Year 1: 9%, Year 2-3:
7%, Year 4-5: 6%, Year 6+: 5%, Premium < 1 Lac Non Annual Mode, Year 1: 7%,
Year 2-3: 6%, Year 4-5: 5%, Year 6+: 5%, Premium 1 Lacs to 4.99999 Lacs Annual
1st & 2nd Year - 4%, 3rd Year - 3%,4th & 5th 1st Year - 6%, 2nd Year - 5%, 3rd Year - 4%, 1st & 2nd Year - 9%, 3rd Year - 5%,4th Year -
Premium Allocation Charge Single Premium: 2%, Top Up Premium: 1% Mode, Year 1: 6%, Year 2-3: 6%, Year 4-5: 6%, Year 6+: 3%, Premium 1 Lacs to 1st - 7th Year - 4%8th Year Onwards - 1%
Year -2% 4th - 8th Year - 3%, 9th Year Onwards - 1% 4%, 5th Year- 3%, 6th Year Onwards - 3%
4.99999 Lacs Non Annual Mode, Year 1: 6%, Year 2-3: 6%, Year 4-5: 5%, Year 6+:
3%, Premium 5 Lacs to 9.99999 Lacs All Modes, Year 1: 5%, Year 2-3: 5%, Year 4-
5: 5%, Year 6+: 3%, Premium> 10 Lacs All Modes, Year 1: 4%, Year 2-3: 4%, Year
4-5: 4%, Year 6+: 3%

0.31 % per month of the original annual SP: 1st Year - 5th Year : 0.12% of Single Premium per month, 6th Year onwards : 0.22 % per month of the original annual 0.25 % per month of the original annual
1st Year - 5th Year : Nil, 6th Year onwards :
premium, deducted monthly. It will increase by 0.07% of Single Premium per month inc. @ 5% p.a on each Policy YearRP & LP:1st premium, deducted monthly. It will increase by premium, deducted monthly. It will increase by
0.04% per month of the single premium 0.46% per month. This charge will be subject
Policy Admin Charge 5% per annum, subject to a maximum charge Year - 5th Year :NIL, 6th Year onwards: 0.39% per month of the annualized 5% per annum, subject to a maximum charge 5% per annum, subject to a maximum charge
capped to Rs 500. to maximum charge of Rs. 500 per month
of 0.4% of the annual premium or Rs. 500, per premiuminc. @ 5% p.a. on each Policy Year. This charge will be subject to of 0.4% of the annual premium or Rs. 500, per of 0.4% of the annual premium or Rs. 500, per
month, whichever is lower maximum charge of Rs. 500 per month month, whichever is lower month, whichever is lower

1.35 % per annum (0.80% p.a. for Secure

1.35% per annum for all funds. Discontinued 1.35% per annum for all funds. Discontinued 1.35% per annum for all funds. Discontinued 1.35% per annum for all funds. Discontinued
Fund Mgmt. Charge Managed, Bond Plus). Discontinued Fund - 1.35% per annum for all funds. Discontinued Fund - 0.5% per annum
Fund - 0.5% per annum Fund - 0.5% per annum Fund - 0.5% per annum Fund - 0.5% per annum
0.5% per annum

Switching will attract a charge of Rs 250 per
request or a reduced charge of Rs25 per
Switching Charges Nil
request if executed through the company’s web
portal.
Switching will attract a charge of Rs 250 per Switching will attract a charge of Rs 250 per
4 free switches in each policy year. Subsequent switches, if any, will attract a
request or a reduced charge of Rs25 per request or a reduced charge of Rs25 per Switching will attract a charge of Rs 250 per
charge of Rs 250 per request or a reduced charge of Rs25 per request if executed
request if executed through the company’s web request if executed through the company’s web request
through the company’s web portal.
portal. portal.

Partial Withdrawal will attract a charge of Rs
250 per request or a reduced charge of Rs25
Partial Withdrawl Charge Nil
per request if executed through the company’s
web portal.
Partial Withdrawal will attract a charge of Rs Partial Withdrawal will attract a charge of Rs
4 free partial withdrawals in each policy year. Subsequent partial withdrawals, if
250 per request or a reduced charge of Rs25 250 per request or a reduced charge of Rs25 Partial Withdrawal will attract a charge of Rs
any, will attract a charge of Rs 250 per request or a reduced charge of Rs25 per
per request if executed through the company’s per request if executed through the company’s 250 per request
request if executed through the company’s web portal.
web portal. web portal.