HDFC SL Youngstar Super Premium Plan

HDFC SL YoungStar Super Premium plan is a unit-linked life insurance plan that 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 parent's priority, with the help of the 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 the financial protection of your child in case of your untimely demise during the policy tenure.

HDFC SL YoungStar Super Premium Plan

Under the HDFC SL Yongstar premium policy, there are two benefit options:

• Save Benefit
• Save-n-Gain Benefit.

1. Save Benefit: Under this 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.

2. Save-n-Gain: Under this 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. 

Key Features of HDFC SL YoungStar Super Premium Plan

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

• It Provides financial protection to your child in case of unforeseen circumstances.
• Investing in a fund or a combination of funds to generate returns.
• Gives 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 is the eligibility to purchase the HDFC SL YoungStar Super Premium life insurance plan:

Benefits of Purchasing the HDFC SL YoungStar Super Premium Plan

Following are the benefits that you can avail under an 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 is meant for general information. Readers are advised not to rely on the contents of the article as conclusive and should research further or consult an expert in this regard.