How do I close HDFC SL ProGrowth Flexi?

You stop paying the premium after 5 years – If the policy holder stops paying the premium after 5 years, then the accumulated policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately.

What is the benefit of HDFC SL ProGrowth Flexi?

With HDFC SL ProGrowth Flexi, you have a smart savings-cum-insurance plan that will enable you to simply provide the finest for your loved ones. In this plan you also enjoy life insurance coverage so that your loved ones financial future is secured even in your absence.

What is the lock in period in pro growth Flexi plan?

When the lock-in period of 5 years comes to an end, the insurer redeems the balance units and pays the fund value to the life assured. The nominee will be paid the greater amount among: Sum Assured (minus withdrawals made during the two years immediately preceding death)

What is the maturity benefit in pro growth Flexi plan?

Maturity Benefit You can take your fund value in periodical instalments over a period which may extend to a maximum of 5 years. The value of instalment payable on the date specified shall be subject to investment risk i.e. the NAV may go up or down depending upon the performance of the funds chosen by you.

What is HDFC SL Crest?

HDFC SL Crest Plan is a Unit Linked Insurance plan (ULIP) that offers the twin benefit of wealth creation and insurance protection. It thus secures the future of the policyholder and also helps him maximize his wealth.

What is ULIP insurance plan?

ULIP is an insurance product that combines insurance and investment benefits in a single plan. ULIP, or Unit Linked Insurance Plan, offers life cover which is a major benefit over the traditional wealth creation tools.

How many fund options are available in HDFC Life Capital Shield?

There are 2 Funds available under this strategy: (i) Capital Growth Fund – An equity oriented fund to provide medium to long term capital appreciation with a high level of risk. (ii) Capital Secure Fund – A debt oriented fund to provide capital preservation and safety with a low level of risk.

What is HDFC SL ProGrowth Flexi?

HDFC SL ProGrowth Flexi Plan is a Unit Linked Insurance plan providing market participation and with two different life cover options to suit specific needs. Best Investment Plans. Guaranteed Tax Savings. Under sec 80C & 10(10D)

How can I check my HDFC SL Crest policy status?

The HDFC customer care number is 1860 267 9999. The policyholder needs to provide details like name, policy number, date of birth, etc. The customer care representative will update you with your life insurance policy status.

Can I surrender my ULIP plan?

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.

Is ULIP good or bad?

The problem with the ULIP is you neither get decent returns nor do you get decent insurance coverage. An investor has the option of choosing where your premium is invested in an ULIP. Your premium can be invested in equity mutual funds, debt mutual funds or a combination of both.