HDFC SL ProGrowth Flexi

Unit plan for savings cum insurance - for security now and later

HDFC SL ProGrowth Flexi

All You Need To Know

Age limit

  • 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

Plan options

Choose from two plan options:

Life Option with just death benefit

Extra Life Option with death plus accidental death benefit


Depending upon the Sum Assured that you choose, minimum premiums are: ₹ 2,500 for monthly premium, ₹ 10000 for half yearly ₹ 24,000 yearly Enjoy flexibility to change premium term above minimum term

Ways to pay

Conveniently pay your premiums or renew your policy through multiple modes -- credit card, internet banking, cheque, auto debit facility

Fund investment

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

Policy term

Life option

Choose a policy term between 10 and 30 years based on your needs

Extra Life option

Tax benefit

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

Maturity benefit

Choose between Fund Value at the prevailing unit prices as lump sum or settlement option, where the fund value is paid in instalments over five years

Death Benefit

Beneficiaries will receive higher of Sum Assured (less withdrawals) or fund value or 105% of the premiums paid

Get additional benefit of accidental cover with Extra Life Option


1. Why is this plan good for me?
HDFC SL ProGrowth Flexi, a savings-cum-insurance unit-linked plan (ULIP) that enables you to provide financial security to your loved ones.

The HDFC SL ProGrowth Flexi gives: 
•    Valuable financial protection to your family in case you are not around.
•    Flexible additional benefit options.
•    Opportunity to invest in a choice of Funds.

In this plan you can choose your premium and the investment fund(s). We will then invest your 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).

In case of your unfortunate death during the policy term, your Nominee will receive the greater of Sum Assured (less withdrawals) or fund value1.

1. For the complete details regarding Death Benefit, please read the product brochure.

2. What will my family receive in case of my unfortunate demise?
In case of your unfortunate death during the policy term, your Nominee will receive the highest of the following:

•    Sum Assured (less all withdrawals made during the two year period immediately preceding the death of Life Assured)
•    Unit Fund Value.
•    The minimum Death Benefit of 105% of the total Premium(s) paid. 

The policy will terminate thereafter and no more benefit 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
  • BlueChip 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 Section 80C and Sec 10(10D) of Income Tax Act 1961 

* Subject to provisions as per Income Tax Act, 1961. Tax Laws are subject to change.


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 SLProGrowth Flexi (UINNo: 101L072V05, Form No: 501) is a Unit Linked Non - Participating Life Insurance Plan. Life Insurance Coverage is available in this product. HDFC Life Income Benefit on Accidental Disability Rider (UIN: 101B013V03) and HDFC Life Critical Illness Rider (UIN: 101B014V02) are the names of the riders. Unit Linked Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked 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. 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 Life Insurance Company and HDFC SL ProGrowth Flexi is only the name of the unit linked insurance contract and 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 issued by the insurance company. The various funds offered under this contact are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.