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be made with this plan, but is allowed only after the policy is in effect for 5 years, the minimum amount that can be withdrawn will be Rs. 10, 000.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 1291 users
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Plan Benefits

Payment Options

Policy Coverage

Customer Service

Responsiveness

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HDFC Life YoungStar Udaan Plan Reviews

Page 1 of 50 1 2 3 4 5
  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am using the life insurance policy with HDFC LIFE since from last 5 years where the maturity period of the policy is for 7 years with the policy. The premium paying for monthly once as 2000 rupees. The executive has explained the details of the policy also i have received the hard copy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 13, 2019
  • HDFC Life
    HDFC Life Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    Since i have a salary with HDFC i have chosen the HDFC LIFE for my accidental insurance. I'm not sure about the premium amount and they have provided me a coverage amount of Rs. 5 lakhs and i used to visit their branch to renew the policy. I do not have any claim experience
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 13, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the term plan since from last 3 years with HDFC LIFE, the documentation process was done through online, the premium paying was through the yearly once through online. It give the coverage for self. The are no benefits provided with the policy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 10, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have purchased the TERM PLAN with the HDFC LIFE where i have been using t since from last 3 years. The premium paying was for yearly once with the policy added on that the executive explained the details of the policy and given the hard copy too of the policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 10, 2019
  • HDFC Life Life Insurance
    "Good insurer"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in HDFC LIFE on 6 months before. The policy is for 45 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and provided hard copy documents as well. I use to do payments through an online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 09, 2019
  • HDFC Life Life Insurance
    "Need to improve customer service"
    0.5 2.0/5 "Expected more"
    I have taken a life insurance in HDFC LIFE before 8 years ago. The policy is for 10 years. I am paying premium in the monthly package. While getting a policy my agent has not given proper information about the details hidden policy has not update in proper. I use to do payments through an online.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jul 08, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have purchased the life insurance policy with HDFC LIFE and the maturity period of this policy is for 10 years and i am using the card since from last 2 years. The premium paying for yearly once added on that the policy coverage is for family.
    Was this review helpful? 0
    , jamnagar
    Reviewed on Jul 05, 2019
  • HDFC Life Life Insurance
    "Good benefits"
    0.5 5.0/5 "Blown Away!"
    I have taken a term plan with HDFC Life. The benefit of this policy is for my nominee. The process to buy the policy online was smooth and easy. It is till the age of 65 years. The sum assured is for 25 lakhs. The premium is not that costly. I pay in annually online.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Jun 28, 2019
  • HDFC Life Life Insurance
    "AVERAGE"
    0.5 3.0/5 "Satisfactory"
    I am using from last one month and done the documentation process through online but i have not received any of copies through hard copy also the mail is not clear. The name of the pension plan and it has the maturity period of 60 years. The premium paid at the beginning it gives for self.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 27, 2019
  • HDFC Life Life Insurance
    "Good insurer"
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in HDFC LIFE . The policy is for 15 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and also provided hard copy documents as well. I use to do payment through an online.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Jun 24, 2019
  • HDFC Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I am satisfied with HDFC Banking service so I took a life insurance with HDFC Life. The policy coverage is 6L but need to increase more. I am paying yearly premium through online and its very easy for me. I did the policy in 20years and need to pay till the age of 45. I got the insurance paper online and also through courier.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jun 24, 2019
  • HDFC Life Life Insurance
    "Unhappy with the service"
    0.5 2.0/5 "Expected more"
    I purchased another ULIP policy from HDFC Life. I had to pay a premium on a yearly basis. After I bought the policy, I did not get much of benefits. There were a lot of charges as well, so I surrendered the policy. To surrender the policy I had to visit the bank and give a canceled cheque and got back my investment.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 23, 2019
  • HDFC Life Life Insurance
    "Average"
    0.5 3.0/5 "Satisfactory"
    I have taken a ULIP policy from HDFC Life. I am satisfied with this policy benefits. I bought this policy online. I pay a premium on a monthly basis. There is a lock in period of three years. The payments can be done online. In all no hassles with policy.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 23, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the ACCIDENTAL POLICY with HDFC LIFE since from last 2 years. The premium paying was 800 rupees where the claim amount was 20L in this loan. There is a policy coverage for death, the coverage is for self in this policy. The overall experience was good.
    Was this review helpful? 0
    , delhi
    Reviewed on Jun 22, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    Every year, I need to pay 7200 rupees to HDFC Life renew the policy. I got a self accidental policy through IDFC Bank. They will be providing the insured value of 50L. HDFC Ergo has sent the insurance paper on time. I have paid the first payment via online and then enabled automatic debit. The customer service is very good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 21, 2019
  • HDFC Life Life Insurance
    "Customer friendly"
    0.5 5.0/5 "Blown Away!"
    I took a policy called Super Income policy from HDFC Life before 3years, they have informed me many benefits but I don't recollect now. If I pay 30K for 8yearrs then I will be getting the premium and plus return on 16 years. Its a worthable policy, Am paying the premium through online. The payment mode is convenient. I got the insurance paper.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 18, 2019
  • HDFC Life Life Insurance
    "Average service"
    0.5 3.0/5 "Satisfactory"
    I have holding one life insurance policy with Life insurance corporation of India from long time, the agent had clearly explain me about the plan benefits and policy coverage, the premium amount i use to pay one time it self to the agent now i do not want to pay any more.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 18, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have taken a term insurance in HDFC LIFE. The policy is for more than 50 years. I am paying premium in the annual package. Through an online I have came to know about all the policy details. I use to do payments through an online. This policy covers up to myself.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 18, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have taken the MONEY BACK policy with HDFC LIFE and using from last one year. The policy coverage is for self added on that the policy maturity period is fir self, i have got no cash backs so far with this policy. Premium paying for yearly once.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • HDFC Life Life Insurance
    "EXCELLENT"
    0.5 5.0/5 "Blown Away!"
    TERM plan that i am using with the HDFC LIFE since from last 2 months. It gives the coverage of the critical illness and also accidental death coverage and permanent disability also there is no need of paying for these coverage. The coverage for self, premium paying for yearly once of 11500 rupees approximately.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 12, 2019
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