Everything You Need To Know About HDFC SL YoungStar Super Premium Plan

HDFC SL YoungStar Super Premium plan is a unit-linked life insurance plan which can help you grow your investment to fund your child’s future financial expenses. Financial planning for a child's better future should be a parents first priority, with the help of HDFC SL YoungStar Super Premium plan you can ensure your child’s immediate and future financial requirements are fulfilled. This plan has two benefit payout options and will help you ensure financial protection of your child in case of your untimely demise during the policy tenure.

Under this plan there are two benefit options: Save Benefit and Save-n-Gain Benefit. Under the save benefit option 100% of all the future regular premiums shall be paid by the insurance provider and all the risk cover will cease, under this option sum assured/maturity benefit/fund value shall be provided to the beneficiary. Under the Save-n-Gain benefit option 50% of all the future regular premiums shall be paid by the insurance provider, 50% of the premiums shall be paid to the beneficiary on an annual basis and the risk cover will cease, under this option sum assured/maturity benefit/fund value shall be provided to the beneficiary. 

Why Choose HDFC SL YoungStar Super Premium Plan?

Following are some reasons why you should choose HDFC SL YoungStar Super Premium plan:

• Provides financial protection to your child in case of your unforeseen circumstances
• Invest in a fund or a combination of funds to generate returns
• Flexibility to customize your plan to fit your child’s immediate and future requirements
• Option to add Critical Illness Rider and Income Benefit on Accidental Disability Rider

Eligibility Criteria of HDFC SL YoungStar Super Premium Plan

Below mentioned is the eligibility to purchase HDFC SL YoungStar Super Premium plan:

What are the Benefits of Purchasing HDFC SL YoungStar Super Premium Plan?

Following are the benefits that you can avail under a HDFC SL YoungStar Super Premium plan:

• Death Benefit
• Maturity Benefit
• Critical Illness Benefit
• 2 Rider Options to choose from namely HDFC Life Income Benefit on Accidental Disability Rider and HDFC Life Critical Illness Plus Rider
• 2 benefit payout options: Save Benefit and Save-n-Gain Benefit.
• Partial Withdrawals
• Tax Benefits

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.