Every Parent’s main concern is to create their children future and being able to meet your child’s dreams and aspirations. With the Unit Linked Young Champion Plan of HDFC Standard Life, you can initiate the structure of your investments today and ensure a bright future for your child. This insurance plan can help you from the requirement of Medicals. This plan gives valuable security to your child in case you are not around and provides you a chance to maximize your returns with the choice of methodically researched and selected investments.
Features
Premium Payment
The minimum regular premium for annual policies is Rs. 20,000/- per annum and for monthly policies is Rs.3000/- per month. The max annualized premium payable in any year is Rs. 100000/-
No Medicals
No need to go for medicals. Just filling a short Medical Questionnaire will do.
Level of Protection
Your policy will have a fixed sum assured of 5 times your annualized premium(The Sum Assured cannot exceed Rs. 500000/-)
Term Limit
The term of the policy is 15 years
Age Limits
The min. entry age is 18 years and max. age is 50 years. The max. age limit at maturity is 65 years.
Choice of Funds
1) Liquid Fund
2) Stable Managed Fund
3) Secure Managed Fund
4) Defensive Managed Fund
5) Balanced Managed Fund
6) Equity Managed Fund
7) Growth Fund
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Tags: HDFC Standard Life, insurance plan