HDFC YOUNG STAR Life Insurance

HDFC YOUNG STAR

With this plan you can start building your savings today and make a bright future for your child. This plan provides valuable protection to your child in your absence.

Features and advantages:

• This plan gives you the opportunity to get an outstanding investment to increase your savings by providing you a list to choose from the researched and selected investments.

• At the time of maturity it gives you additional benefits.

• It absolutely requires no medical examination; you just have to fill a medical questionnaire.

• A decreasing sum assured payable if you die during the term of the contract. This sum assured is intended to help pay-off your outstanding home loan.

• The tenure of the policy is of 15 years.

• The minimum age limit for this policy is of 18 years and maximum is of 50 years.

• You get a choice to invest in any of the 7 funds depending on your risk bearing capacity.

• You also have many ways in which you can pay your premium.

• Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961

• Your family need not pay any further premiums. The company will pay 50% of the original regular premiums towards your policy. On maturity your child will receive the fund value plus the Additional benefit.

• You can choose to pay your premium monthly or annually.

• You can pay your future premiums in a different selection of funds as per your wish.

• You can shift from one fund to another fund at anytime you feel.