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HDFC SL Crest

Why not invest in a unit linked plan which offers financial protection& investment options all in one go? HDFC SL Crest is one such unit linked life insurance plan that offers insurance cover along with investments options.

  • Do you want to know about the HDFC SL Crest in detail?

    Why not invest in a unit linked plan which offers financial protection& investment options all in one go? HDFC SL Crest is one such unit linked life insurance plan that offers insurance cover along with investments options.

    Here are the features of the plan:

    • Level of Protection: You have the flexibility to choose any amount as the 'Sum Assured' in multiples of 10 to 40 times of the annual premium.
    • Regular Premiums: Minimum premium is Rs. 50,000 with no limits on maximum premiums. Premiums are to be paid annually only.
    • Premium Paying & Policy Term: The premium paying term is 5 years and policy term is 10 years.
    • Age Limit: The minimum age for entry into the plan is 14 years and maximum entry age is 55 yrs. Maximum age at maturity should be 65 yrs.
    • Investment options: You can invest in the Free Asset Allocation. Here are some details:
      • Free Asset Allocation Option: This option will enable you to invest in any of the 5 non-guaranteed fund(s) available. You can plan your own investment strategy by switching or redirecting your future premiums.

    Here are a few extra benefits of the HDFC SL Crest Unit Linked Plan:

    • Benefits on Maturity: On maturity, you will receive the Fund Value as per prevailing NAV on maturity.
    • Benefits on unfortunate incident of Death: This plan provides valuable protection to your family in case you are not around. In case of your unfortunate demise during the policy term, we will pay the amount higher of your Sum Assured (less partial withdrawals) or your total fund value to your family. Please refer to the product brochure or contact your Relationship Manager for details.
    • No Medical tests required: You may not be required to go for elaborate medical tests. Filling a short Medical Questionnaire may suffice. Please refer to the product brochure or contact your Relationship Manager for further details.
  • What are the tax benefits of the HDFC SL Crest?

    Here are the tax benefits offered under this plan:

    • Tax benefits are offered under section 80C and 10(10D)(1961 Subject to provisions contained therein ) of the Income Tax Act
    • For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Relationship Manager before taking a decision.
  • Get started with your HDFC SL Crest policy

    • A Welcome Letter: A letter confirming the approval of your HDFC SL Crest policy from HDFC Life
    • A Welcome SMS: An SMS welcoming you as an HDFC SL Crest customer.
    • A Policy Document: A letter from HDFC Bank and HDFC Life covering the keys features of the policy.

    Once you have purchased a HDFC SL Crest Policy, you will receive a Login ID and password so you can view your policy details.

  • Renew your HDFC SL Crest policy

    In order to continue availing benefits from your previous policy, renew your HDFC SL Crest policy. You can renew your policy through MobileBanking and NetBanking.

    You just need to register once under BillPay.

    Click here to renew your HDFC Life Sampoorn Samridhi Insurance policy.

  • Did you know?

    • You can save regularly by investing a small amount periodically to meet future financial goals.
    • You can give a Standing Instruction / ECS to renew your premium payment
    • You can start early with your insurance policy and earn more by the power of compounding.

    You can also benefit from:

    • A Children's Plan that lets you secure your children's dreams by financing the key milestones in their lives.
    • A Protection Plan that enables you to secure your family's financial independence.
    • A Retirement Plan that gives you financial independence to live without compromising your standard of living even after you retire.
    • A Health Plan that gives you the financial security to meet health related contingencies.
  • Commission for Life Insurance

    As per RBI circular: RBI/2009-10/225 dated November 16, 2009, following are the details of the comparative commission earned by HDFC Bank from Insurance (Life), whose products are being distributed:

    Commission, Brokerage and trail from Life Insurance

    City Category First Year Commission 2nd Year Renewal Commission
    Min Max Min Max
    Health 25% 25% 2.50% 5%
    Pension 2% 7.50% 0% 2%
    Traditional 2% 35% 0% 7%
    Unit Linked Plan 1% 22% 0% 7.5%

    Note: The commission varies depending upon the Product in each category, tenure, amount of premium and premium paying term

  • Important Disclaimer

    HDFC Standard Life Insurance Company Limited, Ramon House, 169 Backbay Reclamation, Mumbai - 400 020 : - The policy holder may avail of benefits are as provided under the tax laws. The premium would be subject to Service tax & education cess as per applicable tax rates. Tax laws are subject to change basis the amendments made from time to time.

    HDFC Standard Life Insurance Company Limited. In Partnership with Standard Life Insurance is the subject matter of the solicitation. For more details on risk factors, terms and conditions and exclusions please read the product brochure before conclusion of sale. HDFC SL crest form no.P 501-81 UIN 101L064V01 is a unit Linked insurance product offered by HDFC Life. This is a non participating united linked Plan. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. In this policy the investment risk in investment portfolio is borne by the policyholder. All Unit Linked Insurance Plans are different from the traditional insurance plans and are subject to different risk factors. HDFC Standard Life Insurance Company Limited is the name of our Insurance company and HDFC SL Crest UIN 101L064V01 is the name of the plan. The name of our company and the name of our plan do not, in anyway, indicate the quality of the plan, its future prospects or returns. HDFC Standard Life Insurance Co.Ltd. Reg.No.101

    HDFC Bank Limited ("HDFC Bank") is a corporate insurance agent of HDFC Standard Life Insurance Company Limited( " HDFC Life") under Corporate Agent's license no.933982 issued by Insurance Regulatory & Development Authority and does not underwrite the risk or acts as an insurer. The insurance is underwritten by HDFC Life. This policy is issued to you by HDFC Life and is subject to the terms and conditions governing such policy. The contract of insurance is between HDFC Life and the insured only , and not between HDFC Bank and the insured .HDFC Bank is acting merely as the corporate agent of HDFC Life and there is no direct or indirect linkage between the provisions of the banking services offered by HDFC Bank. Your participation in this product is purely on a voluntary basis. HDFC Bank is not responsible or liable for performance of any obligations under the contract of insurance

  • FAQs

    Expand All Collapse All

    How can I track the performance of a policy fund?

    You can also track the daily NAV of your funds on www.hdfclife.com website or check them in leading newspapers.

    What are the different types of Savings plans?

    You may choose between a traditional Endowment Plan and a Unit Linked Insurance Plan, depending on a number of factors including your risk profile, your understanding of different financial instruments and your ability to track your investments regularly. Therefore, if you are well aware of the financial markets and are willing to bear the investment risk and desire a higher return, you can look at unit linked products.

    What are the conditions required for partial withdrawals?

    You can make partial withdrawal from the fund after the completion of 5 years of the policy provided:

    • The amount you are withdrawing is at least the minimum prescribed amount for withdrawal.
    • After the withdrawal, the fund does not fall below the minimum fund value.
    • After withdrawal, for certain plans, the fund does not fall below the sum of top up premiums paid in the preceding three years (This is likely to vary for some products. Please read the individual Product Brochures for more details about each product).
    Should I choose a Unit Linked or a Non–Unit Linked plan?

    If your financial profile does not allow you to take risks through exposure to equity, bonus-based Endowment plans are the most suitable for you. If that is not the case, Unit Linked plans are ideal for you to plan for your family's future financial needs. Unit Linked plans are associated with a transparent charging structure and certain flexibility, besides possessing the potential to deliver a higher amount on maturity.

    What do you mean by 'switching between funds'?

    Switching between funds implies that you can transfer your investments from one fund to another fund under the plan. This is usually done to change your investment pattern or strategy based on changes in the financial markets. For instance, you may want to switch from an equity fund to a debt fund when the equity markets are on a downslide.

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