HDFC Life ProGrowth Plus
A Unit Linked non participating life insurance plan
HDFC Life Pro Growth Plus is a Unit Linked Insurance Plan (ULIP) that boosts your savings by investing in the stock market, without compromising on the life cover. Investing in a ULIP is one of the better options to build wealth and also enjoy a life insurance cover.
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Why you need this Plan ?
SECURE YOUR FAMILY’S GOAL WITH A CHOICE OF FUNDS & BENEFITS
1
Four (4) Fund options to invest
2
Flexibility to choose Sum Assured
- Life Option = Death benefit
- Extra Life Option =Death Benefit + Accidental death benefit
3
Free to withdraw partial amount tax-free, any time after 5 years, without any penalty (Subject to few conditions)
4
Premium allocation charges are applicable as below
- 1st year: 2.5%
- 2nd year: 2%
- 3rd year onwards: NIL
5
Policy Administration charges
- Minimum 0.42% of Annual premium, maximum subject to charge of INR 500 per month.
6
Policy term can be between 10 years to 30 years
7
Maximum annual premium collected under this plan is capped at INR 100,000