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HDFC Life Pro Growth Maximiser Plan

HDFC Life Pro Growth Maximiser Plan

HDFC Pro Growth Maximiser Plan is a Single Premium Unit Linked Insurance Plan (ULIP). Thus it is a non-Traditional Insurance Plan without Bonus facility.

This plan has 3 Investment Options:
1. Highest NAV Guarantee Fund where the Highest NAV during the first 7 years or Rs 15 is guaranteed at Maturity
2. Free Asset Allocation Option where there is a choice of Investment in 5 funds
3. Capital Guarantee Fund where there is a Minimum Guaranteed NAV at policy inception

The Fund Value is paid to the policyholder on maturity. However, if the Life Insured dies within the policy tenure, higher of Fun Value or Sum Assured is paid to the nominee as Death Benefit and the policy terminates.

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Multiple Investment Options
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Single Premium Top Ups option
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3 Riders available

Compare this plan with other Investment Plans

HDFC Life Pro Growth Maximiser Plan - Key Features

This is a simple Unit Linked Insurance plan with varied investment opportunity
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Investment Options
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There are 3 Investment Options available

  • Highest NAV Guarantee Fund
  • Free Asset Allocation Option
  • Capital Guarantee F...

This plan offers the benefit of Highest NAV at maturity
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There is the benefit of minimum guarantee NAV of Rs 15 at maturity
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Single Premium Top Ups option is also available
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There are 5 Funds available for investment under Free Asset Allocation option
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Riders
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There are 3 riders available in this policy

  • Critical Illness Benefit rider
  • Accidental Death Benefit rider...

Investment Fund Options
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There are 3 Investment Opportunity:

  • Highest NAV Guarantee Fund- where the Guaranteed NAV will be the higher of:
      ...

HDFC Life Pro Growth Maximiser Plan - Benefits

Death Benefit

In case of death of the Life Insured, the nominee would get the higher of Sum Assured or the Fund Value as Death Benefit and the policy terminates....

Maturity Benefit

On maturity, the Fund Value is paid to the policyholder as Maturity Benefit and the policy terminates.

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 and the Maturity Pro...

Top-up

Single Premium Top Ups are allowed only under Free Asset Allocation Option and Highest NAV Guarantee Fund Option. Minimum Single Premium Top Up all...

Switching

Free switching is allowed at anytime only under Free Asset Allocation Option.

Partial Withdrawal

You are allowed to make partial withdrawals in this policy after 5 complete policy years or the life assured is 18 years old, whichever is later. T...

How it works

In this plan, premium needs to be paid in Lump sum under Single Premium Option. Being a Unit Linked Insurance Plan, this policy provides the flexibility to the policyholder for investment in a fund according to his risk appetite.

Eligibility conditions & other restrictions in HDFC Pro Growth Maximiser Policy

  Minimum Maximum
Sum Assured (in Rs.) 1.25 X Single Premium
Policy Term (in years) 5 10
Premium Payment Term (in years) Single
Entry Age of Life Insured (in years) 14 65
Age at Maturity (in years) - 75
Single Premium (in Rs.) 50,000 No Limit
Payment modes Only Single

HDFC Life Pro Growth Maximiser Plan - FAQs

angle right iconWhat if I 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 Discontinued Policy Fund will be credited with a minimum interest rate as declared by the State Bank of India from time to time and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.

angle right iconWhat if I 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.

angle right iconWhat if I 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 Discontinued Policy Fund will be credited with a minimum interest rate as declared by the State Bank of India from time to time and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.

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

angle right iconWhat if I want a loan against your policy?

There is no loan available under this plan.