HDFC SL Crest - Short Term ULIP Investment Plan


The HDFC SL Crest is particularly designed to meet your savings as well as investment goals. The plan also provides financial security to you and your family. The (ULIP) which helps you receive market linked returns for 10 years by paying premiums for 5 years only. This is a limited premium paying plan and comes with various investment options under the life insurance.

Eligibility Conditions for HDFC SL Crest

Minimum entry age

14 years for a policy term of 14 years.

Max Entry Age

55 years for a policy term of 14 years.

Minimum age at maturity

Not applicable

Maximum age at maturity

65 years.

Key Features of HDFC SL Crest

The HDFC SL Crest comes with the following key features:

Plan type

It is a unit linked insurance plan.

Premium paying terms

5 years.

Policy term

15 to 25 years.

Premium payment frequency


Switching between funds

The policy allows switching between funds.

Partial withdrawal

The policy allows partial withdrawal after its 5th policy year. The minimum withdrawal amount needs to Rs.10, 000.

Free-look period

15 days for manually purchased policy

30 days for policies purchased online.

Grace period

30 days.

Policy revival

The policy can revived within 2 years from the date of its discontinuation.


The policy accepts nomination.


Not allowed. Policyholder cannot increase or decrease the policy term. Sum assured and premiums.


Not available.

Sum Assured


  • 10×annual premium (for entry age of 45 years).

  • 7 ×annual premium (for entry age of 45 years and above).

Maximum: 20 × annual premium.

Policy coverage

Death benefits and maturity benefits.

Benefits of HDFC SL Crest

The HDFC SL Crest plan comes with a number of benefits. Listed below are the key benefits offered by the plan:

  • Maturity benefits: If the policy is continued till the end of policy tenure, the policyholder will receive maturity benefits. He /she will receive the fund value applicable on the date of maturity.
  • Death benefits: In case the policyholder dies within the policy tenure, the nominee will receive death benefits. For death happening before the age of 60, the policy will pay greater of the followings: sum assured minus all withdrawal made two years before death and the total fund value. In case, the death occurs after the age of 60, the nominee will receive sum assured minus withdrawal made by the life assured after the age of 58 and the total fund value. The minimum death benefits offered by the policy will be 105% of all annualized premiums paid.
  • Tax Benefits: As per the sections 80C and 10(10D) of the Indian Income TAX Act, 1961, the policyholder will tax benefits on the premiums paid for the HDFC S L Crest plan.
  • Surrender benefits: If you surrender the policy after continuing it for 5 policy years, you will receive the fund value immediately after surrender.
  • The plan offers 4 different funds to invest in and get attractive returns. You can also switching between these funds.
  • Enjoy a lot of flexibilities with your HDFC SL Crest plan. You can choose your policy term and pay your premiums by using various convenient modes such as – internet banking, cheque, credit card auto debit facility.

Investment of Funds

A policyholder can invest in the following funds with the help of HDFC SL Crest plan:

Fund name

Asset Class


Return & Risk rating


Money Market Instruments Cash & Liquid Mutual Fund


Government Securities, Fixed Income Securities



Income fund

0% -20%


80% 100%



Balanced fund

0% -20%


0% to 60%

40% - 80%

Moderate to high

Blue chip fund

0% -20%



80%- 100%

Very high

Opportunities fund

0%- 20%



80%- 100%

Very high

Charges Involved in HDFC SL Crest

Premium allocation charges

Year 1 & 2: 4%

Year 3: 3%

year 4 & 5 : 2%

Fund management charges

1.35% per year

Policy administration charges

0.31% per month and 5% at policy anniversary. It is subject to a minimum of Rs. 500 per month.

Mortality charges

Charged as per your age and level of cover.

Miscellaneous charges

Rs. 250 per policy alteration request.

Partial withdrawal charges

Rs. 250 per withdrawal. The same is Rs. 25, if the request is made online.

Switching charges

Rs. 250 per request. If the request made through the company’s website, the charges will Rs. 25.

Discontinuation charges

It varies from one policy to another. There is no discontinuation charges applicable after the 5th policy year.

Premium redirection charges

Rs. 250 per request. For switching request made online, it is Rs. 25.

Premium Discontinuation

If you fail to pay your HDFC SL Crest policy premiums on time, will offer you a grace period 30 days within which you need to pay your all overdue premiums. If you fail to do so, your policy will lapse the allotted grace period, your policy will lapse or become inactive. Then, either you will have to revive the policy within two years from the date of discontinuation of the policy by paying all pending premiums or completely withdraw the policy. If you don’t follow the aforesaid options, your policy will automatically discontinued.

The HDFC SL Crest can be your perfect choice to ensure a secured future for your loved ones. By paying premiums for a limited, you can enjoy comprehensive t. The policy also serves your investment needs and helps you double your savings by allowing you to invest in different investment funds. This is a ULIP plan which is come under HDFC life insurance plans.

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

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