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.
Why you need this Plan ?
SECURE YOUR FAMILY’S GOAL WITH A CHOICE OF FUNDS & BENEFITS
Four (4) Fund options to invest
Flexibility to choose Sum Assured
Life Option = Death benefit
Extra Life Option =Death Benefit + Accidental death benefit
Free to withdraw partial amount tax-free, any time after 5 years, without any penalty (Subject to few conditions)
Premium allocation charges are applicable as below
1st year: 2.5%
2nd year: 2%
3rd year onwards: NIL
Policy Administration charges
Minimum 0.42% of Annual premium, maximum subject to charge of INR 500 per month.
Policy term can be between 10 years to 30 years
Maximum annual premium collected under this plan is capped at INR 100,000