Bankbazaar

HDFC Life YoungStar Udaan

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 to address the needs of the family and a lump sum. The future premiums would be paid by 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be made with this plan, but is allowed only after the policy is in effect for 5 years, the minimum amount that can be withdrawn will be Rs. 10, 000.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 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

 4.0 / 5.0   by 1318 users
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Plan Benefits

Payment Options

Policy Coverage

Customer Service

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HDFC Life YoungStar Udaan Plan Reviews

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  • HDFC Life Life Insurance
    "Useful Plan for the child education"
    0.5 4.0/5 "Great!"
    My life insurance was purchased from HDFC LIFC. When i purchased the credit card, they have approached me for the life insurance and its child plan hence the premium amount is automatically deducted from my account. I didn't compare this policy with other plan. Its a tax benefitable policy.
    Was this review helpful? 1
    , chennai
    Reviewed on Dec 05, 2019
  • HDFC Life
    HDFC Life Life Insurance
    "Better Policy"
    0.5 4.0/5 "Great!"
    I'm having a policy from HDFC LIFE. When I taken the home loan, they have provided me a life insurance policy hence I'm not aware of the policy details. I had done the payment for once, so it avails until the loan close. I have paid the premium amount of Rs. 2.5L which covers for 11 years.
    Was this review helpful? 0
    , navi mumbai
    Reviewed on Nov 25, 2019
  • HDFC Life Life Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    When i purchased the two wheeler loan, they have given me a additional life insurance policy from HDFC LIFE. This policy has a coverage value of Rs. 1 lakhs. I have paid the premium amount of Rs. 1300 which is a one shot payment covers for 3 years. They have sent the documents to my mail id.
    Was this review helpful? 0
    , chennai
    Reviewed on Oct 23, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have started life policy in HDFC LIFE 2years ago, am paying premium of 43K per year and the tenure is 15years. I did not remember the policy name. Am getting the statements within 5mins through my email address when I make the payment through online.
    Was this review helpful? 0
    , kochi
    Reviewed on Oct 19, 2019
  • HDFC Life Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance on HDFC LIFE on 5 months before only. The policy is for 20 years. I am paying premium on monthly package the amount which is nominal. While getting a policy my agent has given an information about the policy details. My father has taken an insurance for me. Use to do payment through an online. It covers up to myself only.
    Was this review helpful? 0
    , amritsar
    Reviewed on Oct 17, 2019
  • HDFC Life Life Insurance
    "Better Policy"
    0.5 5.0/5 "Blown Away!"
    From my HDFC LIFE, i have taken my life insurance. The executive came to my place and informed me about the policy details and gave me some offer since it was good, i have selected them. I have been paying the premium amount of Rs. 2500 per month. The policy term is 15 years. I am not sure about the sum assured amount.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 10, 2019
  • HDFC Life Life Insurance
    "People more aware of their offerings &its better than others"
    0.5 4.0/5 "Great!"
    Basically I did not have any idea about the policy and it was just referred by a friend so have opted the policy, just for an investment perspective. I have received the insurance paper. Their executive explained me about the benefits. I pay 50K to 55K through online and tenure is 12 years.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Sep 18, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    HDFC LIFE is offering a good benefits and the charges are nominal when compared with other insurer so I took a term plan with them. They have explained me about benefits of the policy. They need some improvement on the customer service. I have paid 24K for a year.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Sep 03, 2019
  • HDFC Life Life Insurance
    "Average Policy"
    0.5 4.0/5 "Great!"
    Bought my money back policy from HDFC LIFE. Taken the policy in the year of 2016. Earlier i had a salary account with HDFC hence the manager is forcefully to take this policy. I am paying the premium amount of Rs. 25000 annually. I need to pay the premium for 5 years after 5 years there is a lockin period. I get the sum assured amount of Rs. 2.50 lakhs.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 27, 2019
  • HDFC Life Life Insurance
    "Quickest way to insure"
    0.5 5.0/5 "Blown Away!"
    Its very to take a policy through online from HDFC. The claim ratio is very nice hence i have chosen the HDFC LIFE. I'm satisfied with the coverage value of Rs. 50 lakhs. I have chosen the annual payments mode. They do have a partial disability cover is included.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 25, 2019
  • HDFC Life Life Insurance
    "Coverage for the premium is good"
    0.5 4.0/5 "Great!"
    Chosen my term insurance from HDFC LIFE. HDFC has better claim ratio thats the reason i opted the policy. I make the premium through online every time. I pay the premium amount of Rs. 6600. They have included with disability cover and accidental cover. The premium is less since i purchase the policy through online.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 16, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I took a term insurance with HDFC LIFE, I have compared with online site and found they are having good payment rates. The customer service is good. I am satisfied with the benefits. I am doing monthly premium of Rs.2000 and need to pay till 15 years. The payment mode is online.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 06, 2019
  • HDFC Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I have a term insurance with HDFC LIFE because the benefits are too beneficial. I am paying 9,400 rupees for a year through net banking. The policy covers till the age of 85. The nominee would be getting a benefit of 75L. They have provide insurance documents on time.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 06, 2019
  • HDFC Life Life Insurance
    "Satisfied"
    0.5 4.0/5 "Great!"
    Recently I have purchased a super savings policy from HDFC LIFE. I need to pay the premium for 8 years and after that I will get a profit for every year. They will be providing 10K on monthly basis. I have taken a policy premium of 75K per year. The payment mode is cheque.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 02, 2019
  • HDFC Life Life Insurance
    "If you want save tax, purchase this policy"
    0.5 5.0/5 "Blown Away!"
    Bought my life insurance policy from HDFC LIFE. For the tax benefit purpose, i purchase this policy. I am not sure about the plan name. They will double the money in returns at the time maturity and its a long term plan. I pay the premium amount of Rs. 24000 annually.
    Was this review helpful? 0
    , new delhi
    Reviewed on Aug 01, 2019
  • HDFC Life Life Insurance
    "Excellent Plan"
    0.5 5.0/5 "Blown Away!"
    Bought my life insurance from HDFC LIFE. Every year i need to invest the money of Rs. 50000 for first five years. Next 5 years will be a lockin period. After 10 years, i get the money of Rs. 18000 every year for 5 years and at the time of maturity i get a sum assured amount of Rs. 10 lakhs. I bought this policy for daughter's future.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 31, 2019
  • HDFC Life Life Insurance
    "Satisfactory"
    0.5 5.0/5 "Blown Away!"
    Actually I was looking for a investment plan with HDFC BANK and they have provided me a life insurance. I never asked them for a policy but still they provided me an opportunity then I researched and found the benefits are also good. I need to pay the premium of 30K half yearly through online.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 31, 2019
  • HDFC Life Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have chosen the life insurance policy from HDFC LIFE and the plan is Super Income. For the future salary purpose, i have selected the policy. In this policy, i need to pay the premium for first 10 years and the next years will be lockin period and after i can get a lumpsum amount or else i can convert into monthly payment. I pay the premium amount of Rs. 25000 per annum. They are providing the sum assured amount of Rs. 1.87 lakhs.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 30, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have taken the CHILDREN PLAN with the HDFC LIFE where the maturity period of the policy is for 15 years with the policy. The coverage is for self with the policy is for self added on that the benefit of the policy is in case of any incident happened will be getting the amount and after the maturity there is a sum assured.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 29, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the life insurance policy with HDFC LIFE and the maturity period of the policy is for 7 years but the premium have to pay for 5 years. The documents submitted through the offline. The sum assure value of the policy is for 5L. I got the hard copy too.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jul 27, 2019
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