Table of Contents
- 1 Is HDFC Life ProGrowth plus good?
- 2 What is HDFC Life ProGrowth Plus plan?
- 3 What is the minimum annual premium in ProGrowth plus?
- 4 Can I surrender ulip after 5 years?
- 5 What is the minimum and maximum age of extra life option in ProGrowth plus?
- 6 What are the benefits of HDFC Life progrowth plus?
- 7 What is the history of HDFC Life?
Is HDFC Life ProGrowth plus good?
Income Fund: This HDFC Progrowth Plus fund has a moderate risk and return rating as the fund composition is between 80\% to 100\% in government securities, fixed income instruments and bonds. Of the remaining 0\% to 20\% are invested in money market instruments, cash, deposits and liquid mutual funds.
What is HDFC Life ProGrowth Plus plan?
WHAT IS HDFC LIFE PROGROWTH PLUS? HDFC Life ProGrowth Plus is a regular premium unit linked insurance plan. In this plan you can choose your regular premium and the investment fund(s). We will then invest your regular premium, net of premium allocation charges in your chosen fund(s) in the proportion you specify.
What is lock in period in HDFC Life?
Every ULIP comes with a lock-in period of five years. This lock-in period plays a valuable function. Your fund value is low in the beginning. Only after you have paid a few premiums does your fund value begin to grow.
What is Opportunity fund in HDFC Life?
HDFC Life Opportunity Fund is an open-ended scheme. The HDFC Life Opportunity Fund invests in companies irrespective of their size. The HDFC Life Opportunity Fund ensures growth opportunities in the companies before placing bets on them.
ELIGIBILITY CRITERIA
| PARAMETERS | MINIMUM | |
|---|---|---|
| Premiums | Annual | ₹ 24,000 |
| HalfYearly | ₹ 10,000 | |
| Monthly | ₹ 2,500 | |
| Sum Assured | Age less than 45 years | Higher of 10 x annualized premium or 0.5 x policy term x annualized premium |
Can I surrender ulip after 5 years?
Surrendering during the lock-in period – ULIPs have a lock-in period of 5 years but investors can surrender the fund before completion of the lock-in tenure. The risk-cover will cease once you submit the request for surrender, however, the surrender value incurred is paid only at the end of the 5-year term.
Can I close ulip after 5 years?
You can exit from ULIP after 5 years; however, it is not advisable even after lock-in period ends. To reap the benefits, you should continue and stay invested for a long period say 15-20 years. If you think that the funds are not performing, you may want to go for switching your funds.
How can I check my HDFC Life fund value?
Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Tel No: (022)67516666….Missed Call Service
- From your registered mobile number, dial 08000006609.
- Wait for the call to get disconnected.
- Receive SMS on your registered mobile number with the required details.
What is the minimum and maximum age of extra life option in ProGrowth plus?
ELIGIBILITY CRITERIA
| PARAMETERS | MAXIMUM |
|---|---|
| Entry Ages Life Option | 65 years |
| Entry Ages Extra Life Option | 55 years |
| Maturity Age Life Option | 75 years |
| Maturity Age Extra Life Option | 70 years |
What are the benefits of HDFC Life progrowth plus?
Valuable financial protection to your family in case you are not around. Opportunity to invest in a choice of funds. HDFC Life ProGrowth Plus is a regular premium unit linked insurance plan. In this plan you can choose your regular premium and the investment fund (s).
Why should you invest in hdhdfc SL progrowth plus ULIP?
HDFC SL ProGrowth Plus, this ULIP plan will help you to make the most of equities by channelizing your savings effectively. Valuable financial protection to your family in case you are not around. Opportunity to invest in a choice of funds.
How much should I invest in HDFC Life insurance policy?
For the said policy term, premium and Sum Assured, HDFC Life suggests (not assures) a fund value of ₹7.41 lakhs at maturity with a return rate of 8\% per annum. See the table below. As you can see, the premium amount ₹60,000 is not completely invested in the funds.
What is the history of HDFC Life?
HDFC Life is a joint venture between HDFC Ltd and the UK based investment company Standard Life Aberdeen PLC. HDFC Life—headquartered in Mumbai—is the first private sector insurance company in India. It was established in the year 2000.