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 come with various investment options under the life insurance.
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. |
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 | Annual |
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. |
Nomination | The policy accepts nomination. |
Alterations | Not allowed. Policyholder cannot increase or decrease the policy term. Sum assured and premiums. |
Loans | Not available. |
Sum Assured | Minimum:
Maximum: 20 × annual premium. |
Policy coverage | Death benefits and maturity benefits. |
The HDFC SL Crest plan comes with a number of benefits. Listed below are the key benefits offered by the plan:
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 | Equity | ||
Income fund | 0% -20% | 80% 100% | -- | Moderate |
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 |
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. |
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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