HDFC Life ProGrowth Plus

Secure your family's future with a range of benefits and funds

HDFC Life ProGrowth Plus

All You Need To Know

Age limit

Life Option

  • Life: Entry age from 14 to 65 years and maximum age at maturity is 75 years
  • Extra Life : Entry age from 18 to 55 years and maximum age at maturity is 70 years

Extra Life Option

Death Benefit + Accidental Death Benefit

Plan options

Choose from two plan options depending on your requirements


 Plan Option


Life Option

Death Benefit

Extra Life Option

Death Benefit + Accidental Death Benefit



Pay minimum premiums of ₹ 2,500 per month or ₹ 10,000 half yearly or ₹ 24,000 yearly

Fund investment

Invest your money based on your risk appetite in a choice of funds including Income Fund, Balanced Fund, Blue Chip Fund and Opportunities Fund


Hold the policy for 10 to 30 years

Partial withdrawal

Enjoy partial withdrawal from the policy to meet emergencies

Tax benefit

Get tax benefits under 80C and 10(10D) of the Income Tax Act, 1961

Maturity benefit

Receive fund value – without any hassles – when your policy matures

Death benefit

  • Beneficiaries will receive greater of Sum Assured (less withdrawals) or Fund Value or 105% of total premium paid
  • Get additional Sum Assured in the case of accidental death, if insured had opted for Extra Life option


1. Why is this plan good for me?
HDFC SL ProGrowth Plus, this ULIP plan will help you to make the most of equities by channelizing your savings effectively.
The HDFC SL ProGrowth plus gives:
•    Valuable financial protection to your family in case you are not around.
•    Opportunity to invest in a choice of Funds.

HDFC Life ProGrowth Plus is a regular premium unit linked insurance plan. In this plan you can choose your regular premium and the investment fund(s). We will then invest your regular premium, net of premium allocation Charges in your chosen fund(s) in the proportion you specify. At the end of the policy term, you will receive the accumulated value of your fund(s).

2. What will my family receive in case of my unfortunate demise?
In case of the Life Assured's unfortunate demise, we will pay the highest of the following to the Nominee:
•    Sum Assured (less all withdrawals made during the two year period immediately preceding the death of Life Assured) 
•    Unit Fund Value
•    Minimum Death Benefit of 105% of the total Premium(s) paid
The policy will terminate thereafter and no more benefit will be payable.
We will also pay the Accidental Death Benefit (if applicable) which is the Sum Assured in addition to the Death Benefit described above. Your policy will terminate thereafter and no more benefits will be payable.

3. What are the various fund options in this plan?
There are 10 fund options to choose from in this plan:

  • Income Fund
  • Balanced Fund
  • Blue chip Fund
  • Opportunities Fund
  • Equity Plus Fund
  • Bond Fund
  • Diversified Equity Fund
  • Conservative Fund
  • Discovery Fund
  • Equity Advantage Fund

4. What is the minimum premium that needs to be paid?
Minimum premium amounts for various premium payment frequencies are as follows:

  • Annual: ₹ 24,000
  • Half Yearly: ₹ 10,000
  • Monthly: ₹ 2,500

5. What is the frequency in which I can invest my money?
Annual, Half-yearly and Monthly*
*It is mandatory for policies with monthly frequency to be taken with ECS/SI & to pay first 3 months Premium(s) in advance.

6. Where do I check the fund performance?
To check fund performance CLICK HERE

7. Can I save tax by investing in this policy?
Tax benefits under sections 80Cand 10(10D) of the Income Tax Act 1961 subject to provisions contained therein
* Subject to provisions, as per Income Tax Act 1961. Tax benefits are subject to changes in tax laws.


HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. HDFC Life ProGrowth Plus (UIN No: 101L081V05, Form No: 501) is a Unit Linked, Savings Insurance Plan. HDFC Life Income Benefit onAccidental Disability Rider (UIN: 101B013V03) and HDFCLife Critical Illness Rider (UIN: 101B014V02) are the names of the riders. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and theNAVs 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. ULIP Issued on or after 1st February 2021 where the annualised premium exceeds Rs 2.5 lakh at any time during the premium paying term, the amount received on maturity shall not be entitled for exemption under section 10(10D) of the Income-tax Act, 1961. However, death benefit received shall be exempt u/s 10(10D). Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. HDFC Life Insurance Company Limited is only the name of the Insurance Company,HDFC Life is only the name of the brand andHDFC Life ProGrowth Plus (UINNo: 101L081V05, FormNo: 501) is only the name of the unit linked life insurance contract.The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.