HDFC SL YoungStar Super II | Features | Advantage

There is no bigger joy than being able to fulfill your child’s dream on your own. With HDFC SL YoungStar Super II you can fulfill your child’s immediate and future needs. So tomorrow when your child needs your support you don’t have to depend on anyone else.

Features –

Term Limit –

You can select term of 10, 15 to 20 years.

Age Limits –

The minimum age at entry for life option is 18 years and maximum entry age is 65 years. Maximum age at maturity is 75 years.

Choice of Fund -

You can invest in any of the following fund (s) (a) Short term fund (b) Income fund (c) balanced fund (d) Blue chip fund (e) Opportunities fund.

Level of Protection –

You can choose any sum assured multiple between 10 times annual premium to 40 times annual premium.

Regular Premiums –

Minimum premium is Rs-15,000 and there is no limit on maximum premiums. Premiums are to be paid annually only.

Advantages

In case of your ill-timed demise or critical illness, we will pay the greater of Sum Assured (less partial withdrawals) or Fund Value to your child (Beneficiary). The policy will terminate. We will pay 100% of all the future regular premiums to the Beneficiary as and when due, on an annual basis.
You can customize the ideal plan for your child by choosing the premium you wish to invest along with the Sum Assured, depending on the level of protection required.
This plan can be taken by filling Short Medical Questionnaire, which may not require you to go for medicals.
You can change your investment fund choices in two ways:
- Switching: You can move your accumulated funds from one fund to another anytime
- Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need
Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961

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Tags: HDFC Life Insurance, HDFC SL YoungStar Super II