"Spending a whole day looking for insurance is fun," said nobody, EVER!

HDFC Life YoungStar Udaan

 4.0 / 5.0   by 1188 users
Used this product? Write a review >>

Plan Benefits

Payment Options

Policy Coverage

Customer Service

Responsiveness

Overview

This plan is a unit linked insurance plan (ULIP) and is a children insurance plan, to help build your savings for a better future for your children, when it comes to their further education, their wedding, new home or vehicle. This HDFC Life insurance plan has the parent who is the life assured, and the nominee or the child would get the sum assured to address the needs of the family and a lump sum. The future premiums would be paid by the company towards a fund account and this will be paid on maturity of the policy.for the

The Eligibility Condition YoungStar Super Premium Plan:

Eligibility

Life Option

Life and Health Option

Minimum age

18 years

18 years

Maximum age

65 year

55 years

Maturity age

75 years

65 years

Policy term minimum

10 years

20 years

Policy term maximum

10 years

20 years

The Key Features of the SL YoungStar Super Premium - ULIP

  1. You can choose between the 2 options available for this plan, Life Option with only Death Benefit or Life and Health Option with Death Benefit + Critical Illness Benefit
  2. You can choose to invest your money between 4 different fund option:

    1. Income Fund - this fund has high returns and higher duration, credit exposure.
    2. Balanced Fund - this has dynamic exposure to equity and enhances your returns. It also reduces your volatility with debt allocation.
    3. Blue chip Fund - with this fund you can make your investment in large cap equities
    4. Opportunities Fund - with this fund you can make your investment in mid cap equities
  3. You have the flexibility to choose your own premium amount with no maximum limit
  4. You can also choose the tenure of your policy from 10, 15 or 20 years.
  5. Choose the sum assured you would like have on your policy
  6. A 15 days free look period of from the date of receipt of the policy, is given to the policyholder to return the policy if she/he does not agree with the terms and conditions. A period of 30 days is given if the policy is purchased through distance marketing.
  7. A grace period of 30 days from the date your premium is due.
  8. Partial withdrawals can be made with this plan, but is allowed only after the policy is in effect for 5 years, the minimum amount that can be withdrawn will be Rs. 10, 000.
  9. You can even switch between funds from the available options at anytime, you can move your accumulated funds from one to another as per your choice
  10. If the policy is discontinued due to non-payment of premium the it can be revived within a 2 year period from the last default of premium
  11. Premium redirection is also allowed with this policy, you can also reallocate your future premiums to a fund of your choice.
  12. The minimum premium amount to be paid will be Rs. 15, 000 and there is no cap on the maximum. Once the amount has been decided upon, this cannot be changed during the policy term.
  13. Sum assured for this policy will be dependant on the plan chosen, you can see the below table:

Particulars

Minimum

Maximum

Less than 45 years of age

10 * the annual premiums

40 * annual premiums

Equal to or above 45 years of age

7 * the annual premiums

40 * annual premiums



The Key Advantages or Benefits from This Plan are:

  1. You can customize a policy best suited for you, by choosing a plan best suited to your needs, with a premium you would like to pay, for a term you would like to pay it for.
  2. You can manage the investments made in the different fund options available and also have the ability to switch and redirect them to funds you like best.
  3. No medical test, all you need to do is fill in a small questionnaire
  4. Enjoy tax benefits as well under section 80C and 10(10D) as per the Income Tax Act 1961
  5. Make premium payments through cash, credit card, internet banking, cheque, auto debit facility
  6. Maturity benefit, on the maturity of the policy term you’ve chosen you can opt for your balance at the prevailing rate per unit and take the fund value
  7. Death benefit in the case of the policyholder’s demise during the policy term the death benefit will be paid out as per the benefit payment option chosen.
  8. Choose your benefit payment option from the below
    1. Save benefit
    2. Save and Gain benefit

The table below will help you understand these 2 payment option:

Benefit payment

Benefits summary

Save benefit

  • Sum assured will be paid to the beneficiary

  • In case of the life assured’s demise during the policy the future premiums will be waived and the company will pay them into a fund for the beneficiary

  • On maturity the fund value will be paid to the beneficiary

Save and Gain benefit

  • Sum assured will be paid to the beneficiary

  • At the time of the life assured’s demise during the policy, the company will make a 50% premium towards your future premium, and the other 50% will be paid to the beneficiary as and when it’s due

  • On maturity the fund value will be paid to the beneficiary

The rider available with this plan is the Critical illness rider. With this rider in case the life assured is diagnosed with any illness before the policy term ends, the benefit payout will happen as per the benefit payment preference chosen by him/her. The Critical illness rider covers Cancer, Coronary Artery Bypass, Heart Attack, Kidney Failure, Organ Transplant and Stroke.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

HDFC Life YoungStar Udaan Plan Reviews

Page 1 of 50 1 2 3 4 5
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have applied my life insurance with HDFC LIFE, there agent was good, they have explained me clearly about the policy benefit, and there coverage, and the premium amount they have charged me was nominal, it was on yearly basis , and i use to pay premium through on line.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • HDFC Life Life Insurance
    "Bad return value in this policy"
    0.5 1.0/5 "Really Bad"
    I hold a investment policy from HDFC LIFE. Friend has told me about this policy. They are not providing a good service to the customer. I took this policy in 2016. I have been paying the premium amount of Rs. 25000 per annum and the sum assured amount is Rs. 2.40 lakhs. This is a tax benefitable policy.
    Was this review helpful? 0
    , vapi
    Reviewed on Jan 19, 2019
  • HDFC Life Life Insurance
    "Good for investment"
    0.5 5.0/5 "Blown Away!"
    HDFC Life is best as per my experience, their claim ratio is good. They are providing terminal premium for the critical illness, disability cover. I took the policy cover for Rs. 10 lakhs, I make the premium of Rs. 30,000 on quarterly basis it has term of 10 years. They do have life cover for certain demise.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 19, 2019
  • HDFC Life Life Insurance
    "Best Policy"
    0.5 5.0/5 "Blown Away!"
    I have taken life insurance policy from Hdfc Life based on the benefits and income tax benefits i have chosen this policy . I make the payment through credit card . Their customer service is good as they respond that much.This policy covers accidental and critical illness benefits . Overall ma satisfied with the policy
    Was this review helpful? 0
    , bhubaneshwar
    Reviewed on Jan 19, 2019
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my life insurance with HDFC LIFE INSURANCE recently in december , they have charge me nominal premium for a yearly basis, and it use to get through on line , and there agent was good they help me to get good policy and they use to update me if any update is there in this policy time to time.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 17, 2019
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been using my life insurance with HDFC LIFE,there service is good, i use to pay my premium on yearly basis , they have charged me up to 5000 rupees ,i use to pay through on line , they are not taken any extra charges,the agent had explain me clearly about there policy coverage.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • HDFC Life Life Insurance
    "Insurance for life"
    0.5 5.0/5 "Blown Away!"
    I had taken this insurance policy almost five years back and i had been paying the premium on an annual basis. The premium amount was not too high and the payment method has been easy as well. There has not been any issues faced with the services of them so far.
    Was this review helpful? 0
    , pune
    Reviewed on Jan 16, 2019
  • HDFC Life Life Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy almost five years back and i had been paying the premium on an annual basis. The premium amount was not too high and the payment method has been easy as well. There has not been any issues faced with the services of them so far.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jan 13, 2019
  • HDFC Life Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have applied my life insurance with HDFC LIFE , there agent was good, they have explained me clearly about the policy benefit, and there coverage, and the premium amount they have charged me was nominal,like i pay premium up to 6000 rupees for two years, it was on yearly basis , and it use to get auto debited from my account.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Jan 08, 2019
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been using my life insurance with HDFC LIFE, there service is good, the agent had explain me about the policy coverage,and about plan benefits clearly, and the premium amount they have charged me on yearly basis, and they have charged me up to 14,000 it is nominal , and i use to pay the premium amount through on line.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 08, 2019
  • HDFC Life Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have taken my life insurance policy with HDFC life,there service is good, there premium they have charged me was nominal, i pay premium on monthly basis, and there agent had properly explain about the plan benefits and policy ,overall service is good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 07, 2019
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have applied my life insurance with HDFC life, there agent was good, they have explained me clearly about the policy benefit, and there coverage, and the premium amount they have charged me was nominal, it was on yearly basis , and i use to pay premium through on line.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 07, 2019
  • HDFC Life Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using my life insurance with HDFC life insurance, there service is good, there agent had explained me clearly about the policy coverage and benefits,and the premium amount i use to pay in yearly basis, and the premium amount is nominal,and overall service is good.
    Was this review helpful? 0
    , jaipur
    Reviewed on Jan 06, 2019
  • HDFC Life Life Insurance
    "Don't go with HDFC LIFE for Insurance"
    0.5 2.0/5 "Expected more"
    I have invested Rs. 80000 in HDFC LIFE. They have deducted the money from my account but they have not able to generate a bill. Due to the uncertanity, i have not continued with this policy. They charged me twice for single premium. I closed the policy but they have taken long time to return the money anyway it took a long process. I spoke with the call centre regarding this issue but they were not helpful.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 02, 2019
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 4.5/5 "Excellent!"
    I have been using the HDFC Life Insurance policy for long time. they charge nominal premium for this policy it also offers accidental benefits and I make payment through online. so in terms of features and their service it has been a good experience with them. HDFC Life is a recommendable insurance provider.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 02, 2019
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have applied my life insurance with Life insurance corporation of India, there agent was good, they have explained me clearly about the policy benefit, and there coverage, and the premium amount they have charged me was nominal, it was on yearly basis , and i use to pay premium through on line.
    Was this review helpful? 0
    , new delhi
    Reviewed on Dec 24, 2018
  • HDFC Life Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have chosen the investment plan in HDFC. In 2016, i have taken this policy. I pay the premium of Rs. 40000 per annum. Through online, i make the payment. Total tenure period of the policy is 10 years. This is a tax benefitable policy. I don't remember about the sum assured amount.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 22, 2018
  • HDFC Life Life Insurance
    "Good Benefits after tenure"
    0.5 4.0/5 "Great!"
    I am an existing customer I used to pay the premium around Rs. 25,000 per annum for the total tenure of 10 years. Then I get the benefits with the sum assured value and bonus of the premium and they do have life coverage and I am getting the tax benefits too.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 20, 2018
  • HDFC Life Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I hold a life insurance policy with HDFC LIFE from last 7 years and it is a long term policy. I make my premium payments on yearly basis through net banking and i am convenient with the payment options. The returns and benefits are good with this policy and tenure period is 10 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 20, 2018
  • HDFC Life Life Insurance
    "GOOD"
    0.5 3.0/5 "Satisfactory"
    I am not satisfied with the service of the HDFC LIFE where i have purchased the life insurance policy with this HDFC LIFE. I have started using it from past few years where the policy is very good. They give the fake promises for this policy....
    Was this review helpful? 2
    , bangalore
    Reviewed on Dec 15, 2018
Common Loader Icon
Page 1 of 50 1 2 3 4 5

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.