HDFC SL ProGrowth Super II

Secure happiness for yourself and your loved ones

Features

  • A Unit Linked Insurance Plan that provides valuable financial protection to your family even when you are not around
  • The savings plan gives you flexibility to choose from varied 8 plan options
  • A plan that also offers benefits like Critical Illness, Accident Death and Permanent Disability Benefit
  • 4 Fund options to choose from based on your risk appetite

Benefits

  • You can change your investment options whenever you wish.
  • Get additional Sum assured on death by Accident . Disability and Critical illness
  • Option to choose the plan through Short Medical Questionnaire without the hassles of medicals*
  • Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961

* For more details, please refer the product brochure

Contact Us

Contact Number
Ahmedabad
6160 6161

Features and Benefits of HDFC SL ProGrowth Super II

By choosing the HDFC SL ProGrowth Super II, you be opting for a unit linked savings-cum-insurance plan that will help you get best security benefits for your family. You can choose from a variety of plans that suit your family requirements. Here are some of the features of the plan:

  • The savings plan gives you flexibility to choose from the 8 plan options
  • Regular Premiums: Minimum premium is Rs. 15,000 with no limits on maximum premiums. Premiums are to be paid annually only.
  • Age Limit:The minimum age at entry for Life Option is 14 years and maximum entry age is 65 years. Maximum age at maturity is 75 years. Please refer to the product brochure for term and age limits for other Plan Options.
  • Choice of Funds: You can invest in any of the following fund(s).  (a) Income Fund (b) Balanced Fund (c) Blue Chip Fund (d) Opportunities Fund
  • Plan options:
    Plan OptionCover
    Life Option Death Benefit
    Extra Life Option Death Benefit + Accidental Death Benefit
    Life & Health Option Death Benefit + Critical Illness Benefit
    Extra Life & Health Option Death Benefit + Critical Illness Benefit + Accidental Death Benefit
    Life & Disability Option Death Benefit + Accidental Total & Permanent Disability Benefit
    Extra Life & Disability Option Death Benefit + Accidental Death Benefit + Accidental Total & Permanent Disability Benefit
    Life & Health & Disability Option Death Benefit + Critical Illness Benefit + Accidental Total & Permanent Disability Benefit
    Extra Life & Health & Disability Option Death Benefit + Accidental Death Benefit + Critical Illness + Accidental Total & Permanent Disability Benefit
  • Death Benefit: In case of the Life Assured’s unfortunate demise before the end of policy term, we will pay to the nominee the sum of
    • Sum Assured and
    • Unit Fund Value
    • The minimum death benefit will be at least 105% of the premiums paid.
  • On Maturity: Fund Value is paid on Maturity

Do you want to change your Investment Fund Choices at any point? Here are your options.

  • Switching: You can move your accumulated funds from one fund to another at any given time.
  • Premium Redirection: You can pay your future premiums with a different selection of funds, as per your requirement.

What are the tax benefits of the HDFC SL ProGrowth Super II Unit Linked Plan?

Here are the tax benefits offered under this plan:

  • Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961
  • For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Relationship Manager before taking a decision.

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

CategoryFirst Year Commission2nd year Renewal commission
MinMaxMinMax
Health 2% 25% 0% 7.50%
Pension 2% 7.50% 0% 2%
Protection 2% 35% 0% 0%
Savings & Investment 1% 35% 0% 3%
Group Product* 2% 2% 0% 0%

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

*For Group Products commission payable is 2% of the premium with a ceiling on the maximum payout as defined by Insurance Regulatory And Development Authority (IRDA) from time to time.

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 Progrowth Super II  form no.P 501-82 UIN 101L066V02 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 Progrowth Super II  UIN 101L066V02 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

Already have HDFC SL ProGrowth Super II ?

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 ProGrowth Super II Policy

Don't forget to renew your HDFC SL ProGrowth Super II Policy to continue availing the benefits from your previous policy.

You just need to register once under BillPay.

Click here to renew your HDFC SL ProGrowth Super II Policy online.

Did you know?

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.

What can you do online?

  • View your HDFC SL Crest policy details
  • Renew your HDFC SL Crest policy

Have questions?

Close