Best HDFC Life Youngstar Udaan Plan 2021

HDFC Life Insurance Company Limited is a long-term life insurance provider headquartered in Mumbai, providing individual and group insurance services, and was incorporated on 14 August 2000. The company is a joint venture between Housing Development Finance Corporation Limited (HDFC), one of India’s leading housing finance institutions, and Aberdeen, a global investment company. This company offers several types of insurance plans, one of them being HDFC Life YoungStar Udaan Plan. Which provides good security to the child/family, in this article we will tell you in detail about HDFC Life Youngstar Udaan.

HDFC Life Youngstar Udaan

What Is HDFC Life Youngstar Udaan Plan?

This plan is a Unit Linked Insurance Plan (ULIP) and a children’s insurance plan to build your savings for a better future when it comes to your children’s further education, their marriage, new house, or vehicle. In this plan, if the life insured, ie the parent, dies within the policy term, the nominee, ie the child/family will receive a lump sum amount.

This policy offers a lot like;- Guaranteed Addition, Maturity Benefit, Bonus, Educational expenses of the child, college fees and marriage expenses, etc, and provides good security to the family.

Key Features Of HDFC Life Youngstar Udaan Super Premium

  • You can choose from 2 options available for this plan, Life and Health Option with Death Benefit Critical Illness Benefit only with Death Benefit
  • You can choose to invest your money between 4 different fund options:

Income Fund – This fund has high returns and high tenor, credit exposure.
Balanced Fund – It has dynamic exposure to equities and increases your returns. It also reduces your volatility with loan allocation.

Blue Chip Fund – With this fund you can invest in large-cap equities.
Opportunities Fund – With this fund you can invest in mid-cap equities. You have the flexibility to choose your own premium amount without any ceiling

  • You can choose from your policy term of 10, 15, or 20 years.
  • Select the sum insured that you wish to keep on your policy.
  • A free look period of 15 days from the date of receipt of the policy is given to the policyholder to return the policy if he/she does not agree to the terms and conditions.
  • You can switch between funds at any time from the available options, you can move your Accumulated Funds from one to the other as per your choice.
  • The least premium price to be paid is Rs. 15,000 and there is no limit on the maximum. Once the amount is fixed, it cannot be changed during the policy term.
  • Partial withdrawals can be made with this plan, but are allowed only after the policy is in force for 5 years, the minimum amount that can be withdrawn is 10,000.

Key Benefits Of This Plan

  • You can choose the best plan for your needs, with a premium that you want to pay, for the term you want to pay, and choose the best policy for you.
  • According to the Income Tax Act 1961, tax benefits are available under sections 80C and 10(10D).
  • Pay Premium Through Cash, Credit Card, Internet Banking, Cheque, Auto Debit Facility
  • In case of the death of the policyholder during the policy term, the death benefit will be paid as per the benefit payout option chosen.

Details About Premium

Policy Term 15 Years and PPT 7 Years with Annual Premium for Classic Death Benefit Option in Rupees.

Age / SA

30 years

40 years

Aspiration

Academia

Career

Aspiration

Academia

Career

100,000

16,733

18,825

19,046

16,976

19,182

19,376

250,000

41,833

47,063

47,615

42,440

47,955

48,440

500,000

83,665

94,125

95,230

84,880

95,910

96,880

Documents Required For SL Youngstar Super Premium Plan

Documents required for the company while buying HDFC Life Young Star Udaan plan.

  • Check Single Premium
  • Address Proof
  • Know Your Customer Documents
  • A Passport Size Photograph
  • Date Of Birth Proof
  • Identity Proof
  • Income Proof
  • Filled Application Form With Correct Medical History And Proof
  • Medical Examination (may be required depending on the age of the applicant and the sum insured)

How to Buy HDFC Life Youngstar Udaan Plan

First of all, while buying a term plan online, first calculate the premium according to your desired sum insured and term on the online term insurance calculator, then you can take the plan by contacting an agent of the company.

READ MORE: HDFC Bank Housing Loan Interest Rate

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