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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY

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

Premium Paying Terms is Flexi: Sum Assured is not as great, it is with


the standards of the market.
• Pay Yearly : Rs 24000.00 (min)
• 10 times Annual Premium if age is
• Pay Half-Yearly : Rs 10000.00 less than 45 yrs Or 0.5 x Policy
• Pay Monthly : Rs 2500.00* Term * Annual Premium

*Monthly payment requires 3 month • 7 times Annual Premium if > 45 yrs


advance payment and ECS OR 0.25 x Policy Term x Annual
transaction. Premium
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY
THE POLICYHOLDER.

Details of the Plan


Flexible Options:
1. Switching between Investment options is FREE
2. Can maintain multiple Investment funds, meaning have certain amount allocated to one type of
Fund, and make future payments to another fund .
Change Premium Paying Term:
1. Making changes to Premium term, this is a of a new kind, and the flexibility lies with the insurer.
But if the policy term is changed, make a note of the minimum premium to be paid.
2. Policy for 10 years, minimum Premium Term is 5years
15+ years, premium paying term is 10 years

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 Maximum amount withdrawn is 300% of the original premium paid.

Fund Options: 5. Opportunities Fund : Risk is very high,


1. Short Term Fund : Risk of return is LOW. compared to Blue Chip Fund, Blue Chip fund is a
better option.
2. Income Fund : Risk is Moderate
3. Balanced Fund : Risk is Moderate to High
4. Blue Chip Fund : Risk is High
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY
THE POLICYHOLDER.

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.

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