HDFC Life Progrowth Plus

Secure happiness for yourself and your loved ones

Features

  • Valuable financial protection to your family when you are not around
  • An outstanding investment opportunity providing you a choice of 4 selected funds
  • Benefit of partial withdrawal to meet any financial exigencies

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Benefits

  • Additional sum assured on death by accident under extra Life option
  • You have flexibility of creating your own investment strategies, as per your risk and return appetite
  • Enjoy Tax benefits under sections 80C and 10(10D) of Income Tax Act, 1961 subject to provision contained therein.
  • The plan has 2 Plan options: Life & Extra Life Option.

For details kindly refer to product brochure for more details

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Contact Us

Contact Number
Ahmedabad
6160 6161

Features and Benefits of HDFC Life Progrowth Plus

  • Age Limits: Entry age from 14 to 65 years and maximum age at maturity is 75 years
  • Policy Term: 10 to 30 years
  • Regular Premiums: Minimum regular premiums Rs 24000 for annual, Rs 10000 for half yearly and Rs 2500 for monthly
  • Maturity Benefit: Fund value on the date of maturity
  • Death Benefit: Greater of Sum Assured (less withdrawals) or Fund Value or 105% of total premium paid till date
  • Additional sum assured is paid if death happens by accident, provided Life assured has chosen Extra Life option.

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 Plus Form No: P501 UIN: 101L081V02 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 Plus UIN: 101L081V02 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

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