HDFC Life is one of the top insurance providers. It offers a variety of products to suit the requirements of its customers. HDFC SL Young Star Super Premium is one of the best products of HDFC Life. In this article, I will discuss this in details

HDFC SL Young

Features of this plan:

1. It has 2 options of coverage. One is Life option and another is a Life & Health option

2. Regular premium mode of payment is available

3. There are 4 funds for investment. These are blue-chip fund, income fund, opportunities fund, balanced fund.

4. Under the benefit payment, 2 added options are available. These are saved benefit and Save & Gain Benefit

Benefits of HDFC SL Young Star Super Premium:

1. You will get benefits on income tax under 80C and 10(10)D

2. The minimum benefit of death is the same as 105% of all premiums

3. You can pay your premiums using multiple modes like net banking, credit card, cheque and more

4. Issuance of policy is easy based on short medical questionnaire. No tedious medical test is required

5. According to the chosen benefit payment preference, the nominee will get the death benefit on the death of the insurance holder

6. Under the saving benefit, the child will get the sum assured in case of death or critical illness of the life insured. There is no need of paying future premiums. The company will pay 100% of the premiums. The child will get the fund value on maturity

7. Under the save n gain benefit, the child will get the sum assured in case of death or critical illness of the life insured. The company will pay 50% of future premiums. The child will be paid 50% of the premiums by the company. The child will get the fund value on maturity

Eligibility for HDFC SL Young Star Super-premium:

Age at entry Minimum age of entry- 18 years Maximum age of entry – 55/65 years
Age at maturity Maximum age at maturity- 65 / 75 years
Term of policy Minimum – 10 years Maximum – 20 years
Frequency of paying a premium Yearly
Term of paying the premium Equal to the term of the policy (HDFC SL Young)
Premium yearly Minimum – Rs 15 thousand Maximum –No limit
Sum Assured For person with age less than 45 years, the minimum sum assured is 10 times of the annual premium For person with age greater than or equal to45 years, the minimum sum assured is 7 times of the annual premium Maximum sum assured is 40 times of the annual premium    

Conclusion: Moreover additional riders, grace period and free look period are also available. For more details check their website

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