HDFC SL Crest

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HDFC SL Crest Plan

 

HDFC SL Crest is a unit-linked insurance policy (ULIP) where the insurance company does not carry the risk associated with the investment of premiums paid by the policy holder. Since the premiums are invested in the markets the investment risk is borne by the policy holder

 

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Key Features of HDFC SL Crest Plan

 

  • Benefit of Highest NAV recorded during the entire policy term
  • Guaranteed benefit of minimum NAV of Rs 15 at maturity
  • Policy term is 10 years but the policy holder has to pay premium for only 5 years

 

 

Benefits you get from HDFC SL Crest Plan

 

Death Benefit – In case of death of the policy holder, the nominee gets the Sum Assured (minus partial withdrawals) or Fund Value, whichever is higher. Death benefit shall exclude any rider premiums and deduct any previous partial withdrawals.

 

Maturity Benefit - If the policy holder survives the policy term, then he/she gets the Fund Value. There are two types of investment fund options in this policy. So if the policy holder chooses “Highest NAV Guaranteed Fund” then he/she will get a guaranteed return as per the highest NAV attained during the period subject to a minimum guaranteed NAV of Rs.15.

 

Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C. The maturity amounts you receive from this plan are exempt from tax under section 10(10D)

 

 

Eligibility conditions and other restrictions in HDFC SL Crest Plan

 

 

Minimum

Maximum

Sum Assured (in Rs.)

10 x Annual Premium

20 x Annual Premium

Policy Term (in years)

10

Premium Payment Term (in years)

5

Lock-in period (in years)

5

Entry Age of Policyholder(in years)

14

55

Age at Maturity (in years)

NA

65

Regular premium

Rs 50,000

No Limit

Single premium

Not Applicable

Payment modes

Yearly

Top-up premium

Not Applicable

 

 

Sample illustration of returns at the end of the policy term in HDFC SL Crest Plan

 

Premium               = Rs.50,000

Policy Term          = 10 years

Premium Payment Term = 5 years

Total Investment  = Rs. 50,000 x 5 years = Rs.2,50,000

Fund opted – Highest NAV Guarantee Fund

 

 HDFC SL Crest Sample Illustration

 

 

Additional Features and Benefits of HDFC SL Crest Plan

 

Riders – There are no riders in this policy.

 

Investment Fund Options– Under this plan the policy holder gets the following 2 investment options: 

  • Highest NAV Guarantee Fund
  • Free asset Allocation: There are 5 funds under this option
  • Short Term Fund
  • Income Fund
  • Balanced Fund
  • Blue Chip Fund
  • Opportunities Fund

 

Top-up - There is no top-up facility under this policy.

 

Switching - No option to switch the investment option is available in this plan. Either Highest NAV Guarantee Fund or Free Asset Allocation option needs to be selected right at inception.

 

Partial Withdrawal - You are allowed to make partial withdrawals in this policy after 5 complete policy years or when the life insured is at least 18 years of age, whichever is later. The minimum amount of partial withdrawal should be Rs. 10,000. The maximum partial withdrawal that can be done throughout the policy term is 300% of the original regular premium.

 

 

What happens if?

 

You stop paying the premium before 5 years - If the policy holder stops paying the premium, the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The proceeds from this discontinued fund will be payable after the fifth policy anniversary.

 

You stop paying the premium after 5 years – If the policyholder stops paying the premium, the insurance cover will cease, the fund value shall be paid immediately and the policy would be terminated.

 

You want to surrender the policy – If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The proceeds from this Discontinued Policy Fund will be payable after the fifth policy anniversary.

 

If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease, the fund value shall be paid immediately and the policy would be terminated.

 

You want a loan against your policy – There is a loan facility to the policy holder in HDFC SL Crest. The maximum amount of loan that can be availed will be equal to one annual premium or up to 40% of the surrender value – whichever is lower.

 

 

Alternate ULIPs from different insurance companies

 

ICICI Prudential LifeTime Premier

AEGON Religare Future Protect Plan

Bajaj Allianz Max Advantage

Reliance Life Classic Plan

 

 

Other investment plans from HDFC SL

 

HDFC Pro Growth Super II

Note: This is a statement of facts based on the information collected from the HDFC SL Crest brochure and insurance company's website. It should not be construed as a Critical or Favourable HDFC SL Crest Review, Analysis or Recommendation.
Insurance is a subject matter of the solicitation.


HELLO GUYS,...CREST POLICY THE ONLY ONE POLICY I ASSURE THAT IT VILL GIVE DEFINITE RETURNS IN NEXT 5 YEARS..SO GUYS TRY TO INVEST NOU ITSELF IN ULIP..THOUGH IM VORKING IN HDFC LIFE AS SALES MANAGER, EVEN I TOOK PLAN OF CREST, ITS VERY NICE FUND PERFORMING IS GOOD, SO IF YOU VANNA TAKE SL CREST, PLEASE GET IN TOUCH VITH ME.
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By DURGA VIJAY KUMAR.SIRIKEY on Apr 14, 2012

IAM RAMA FROM HDFCLIFE WE HAVE A WONDERFUL SAVINGS AND INVESTMENT PLANS FOR FURTHER DETAILS PLZ CONTACT ME:09704570123

BEST REGARDS
09704570123

By RAMA on Apr 05, 2012

This is one of the worst fund I selected for savings. It's not at all moving up from last 1yr term. My advise is to do not opt for Crest - Highest NAV plan.

By suresh on Mar 27, 2012

You make so many great pitons here that I read your article a couple of times. Your views are in accordance with my own for the most part. This is great content for your readers.

By Dilcia on Feb 16, 2012

Suppose the NAV is 10 and if it does not go below 10 but does not get higher than 14.
So still will i get 15 at the end or as there is a progress from 10- 13 they will give me 13 as highest nav as 13 is still a progress.

By Vishal S. on Feb 13, 2012

Hi friends - HDFC SL Crest is a good policy as at maturity it paysout highest NAV during
the years along with Insurance policies. Only age below 55 yrs eligible. Why not above
55 yrs not eligible alike ICICI Prudentials Pinnacle Superb policy which is similar ?

By Shashi Chauhan on Feb 10, 2012

I spent Rs. 60,000 on ULIP Young Star Champion given by agent Mr Sachin/ Mr Vinod kumar. As on today i may get Rs 40,000 or less after three years, contrary to their claim that i will get Rs 1 Lakh after 3 years.

By B.K Das on Jan 29, 2012

I invested in SL crest plan Rs. 1 lakh in Jan 2011. I want to know the answer for 2 situations---
If I break the policy-- what I get today?
If I don't pay premium this Year (2nd year) ,what SUM I get?

By geek on Jan 20, 2012

Never buy any policy from HDFC or any other. If you want life insurance take LIC life insurance where you have to pay only for the mortality charges other than paying fund charges , this charge and other charges.

By praveen on Dec 29, 2011

ONE SHOULD UNDERSTAND MONEY IS VERY HARD EARNED...........AND HDFC BANKERS ARE JUST BAD VERY BAD IN INVESTING THAT FOR SO CALLED PREFFERED CUSTOMERS OR RATHER ITS A MALFUNCTION WITH THE MANAGEMENT.ITS A SHAME HOW THEY FOOL PEOPLE.

By anupam on Dec 29, 2011

The HDFC SL crest is time consuming for getting documents.We need track for getting documents all those things...after 7 days of clearing cheque they are not able send us the proof for investment which we need to sumbimt in org.So the service is very worst....

By Deepak on Dec 27, 2011

Hi friends
i invest 50000 ra in hdfc crest policy in July 2011 . It giving good return s or not .

If i will break the policy how much amount money i Will get.please tell me.

With regards
obul.

By obul on Dec 10, 2011

Dear All,

I was going through the views offered by various minds.But I don't think so that this is a bad policy, because it gives your fund a guaranteed return even if the value does not arise in the policy period.And that highest NAV guaranteed is the best part of this policy.

I think HDFC SL CREST is a good plan for investment to secure your happiness.

By ABDUL NASIR on Nov 22, 2011

HDFC SL Crest Plan is totaly wastage policy because they dedicated the units per month they charge monthly

By Sushil on Nov 18, 2011

HDFC customer service & all the plans are very bad. HDFC SL Crest Plan is totaly wastage of money & time.

By Dip on Nov 18, 2011

what's is yar.., score nhi aaya 0 par hun sala..,

By deepak sharma on Nov 13, 2011

SALI BAKWAS POLICY HAI EK NO. KI...... !!!!!!!!!!
FRIENDS KABHI MAT LENA.

By harman baweja on Nov 13, 2011

Never ever buy any policy from HDFC...Trust me ..

By yogesh on Nov 04, 2011

Premium is to be paid in first five years and policy is for ten years. Thereafter I.e. After five years you stop paying premium and they stop giving life cover. This is not fair deal

By Sunil on Nov 02, 2011

now ulips are better if u hold it for long term almost over 10 yrs.but if u r long term invertor prefer mutual fund than ulip.and take term cover.

By umesh kadu on Oct 03, 2011

how much benifit in i gain3

By ravi on Oct 01, 2011

i want to i gain

By deepak sharma on Oct 01, 2011

nice plan i am take this plan

By deepak on Oct 01, 2011

Dear Investors,

My request to you please dont invest into any ULIP plan and specially HDFC Standard life plan. First thing, HDFC STAFF IS NOT UP TO MARK, KNOWLEDWISE. Wrong selling is the hdfc life style. Please don't do any insurance investment with hdfc bank staff. Dont loose your harden money. MF is giving better return but they will never suggest you MF. Always sell insurance and win foreign trip is the strategy of hdfc bank. Thanks.

Advice:1)Do only term plan for insurance.
2)Invest in MF

By Mr.Prashant Mehata on Sep 19, 2011

I have one of hdfc endowment , have completed 3 year term for this policy . By investing in this policy i have almost lost 38000 in 3 years . It is not possible to surrender within 5 year term . surrender charges are 15% of the total value which is left after they loot your fund value.
I can sugest never ever take HDFC Insurence at any point of your life time .

By sunil on Sep 14, 2011

I have a policy of HDFC UNIT LINKED ENDOWMENT PLAN but sorry to say that I have not got any benefit from this plan and I will not suggest to any one to take any such type of plan it is only a froud.

By r c mathur on Sep 02, 2011

i want invest 100000 rupess ( in short)for 15 years
please help me

By narendersibgh on Sep 01, 2011

HDFC Ulips are very good according to a lot of people i know. I think this will be a good ULIP plan to give me returns. I have also invested in HDFC Top 200 mutual funds

By Aniket on Aug 16, 2011

i am interested

By sakil saha on Jul 27, 2011

please sent me details of jeevan arogya plan

By sharadbhise on Jul 23, 2011

I have some few questions.

1. How much benefit that i got when i renew it again without claim.
2. How much is claim for Heart related problems
3. What is meant by "A certain amount of cash benefit is paid for accidental injuries and hospitalization irrespective of policyholder’s expenses."

By nikhil on Jul 20, 2011

hi friend

By neeraj saini on Jul 15, 2011

I would like to include my mom in the maharaksha policy she is 60 yrs old and diabetic

By Asad on Jun 22, 2011

I want to unerstand the term policy which also gives returns to the survivor

By abhimanyu SIngh on May 18, 2011

I am 64 years old,my wife is 60 years and my son is,33 years old.suggest a health insurancepolicy covering all and premium to be paid for s.a.1.0 lakh each

By n.krishnamurty on May 11, 2011

how can u possibly garantee 15% growth after 7 years..???

By Aman khan on Feb 19, 2011

HDFC SL crest seems like a good plan. Among the ULIPs this is good from HDFC Life

By Shailesh Sukhdev on Jan 24, 2011

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