HDFC SL Crest Plan

A plan that provides market linked returns along with financial protection to your family. In this plan when you reap the results it is on crest and not on lows. A ULIP plan is one whose return mainly depend on the market conditions and gives returns both on maturity of the policy or on the sudden demise of the policy holder.

Key Features

  • Financial protection to loved ones
  • Benefits of paying premiums for a limited term

Benefits

  • Maturity benefit
On maturity the life insured gets fund value. Fund value is calculated by multiplying balance units and unit price. The fund value can be taken in periodical installments for 5yeras.
  • Death benefit
The nominee receives the sum assured on death.
  • Partial withdrawal
Partial withdrawal is possible if the possible after 5 years. The minimum amount is 10,000 and maximum amount is 300% of the regular premium.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 14 55
POLICY TERM 10
AGE OF MATURITY - 65
PAYMENT TERMS ANNUAL

What if?

  • I am unable to pay on time
A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.
  • I surrender the policy
If the policy is surrendered within 5 years then the fund value will be moved to discontinued policy fund. If it is surrendered after 5 years fund value will be paid out.
  • I wish to take a loan
No loan option is available in this policy.

Exclusions

  • The nominee will receive fund value of the amount of premiums paid if the life insured commits suicide.