HDFC Life Young Star Udaan

HDFC Life YoungStar Udaan - Child Plan

Since the birth of the child, parents make sincere efforts to ensure that their child can dream big without having second thoughts. We, at HDFC Life, are here to help you empower your child's dreams and live the rest of your life as the proud parents you deserve to be.

Presenting the HDFC Life YoungStar Udaan, a traditional participating insurance plan. This plan is ideal for parents who wish to make provision for:

1. Academic expenses that occur prior to college education
2. Specific goals like college fees or marriage expenses etc
3. All miscellaneous and extracurricular expenses that occur during college/school

Features
A. Three Maturity benefit options to choose from based on which your survival/maturity benefits payable are decided
1. Aspiration (Endowment benefit) - Lump sum payout at maturity
2. Academia (Money back benefit) - payouts during last 5 policy years with first guaranteed payout higher than subsequent guaranteed payouts
3. Career (Money back benefit) - payouts during last 5 policy years with last guaranteed payout higher than previous guaranteed payout

B. Two Death Benefit options to choose from based on which death benefit payable are decided
1. Classic: Policy Terminates after payment of death benefit
2. Classic Waiver: Policy continues after payment of death benefit + Future Premiums waived

C. Limited PPT of 7, 10 or Policy term minus 5 years

D. Flexibility to choose your policy term from 15 to 25 years as per your child's future needs

E. Guaranteed Additions1 during first 5 policy years, if applicable

F. Participating plan with accrued bonuses payable at maturity

G. Option to take this policy by filling a Short Medical Questionnaire (SMQ)2

Tax Benefits3 under Section 80C and Sec 10(10D) of Income Tax Act 1961

Benefits

Benefits Available Under HDFC Life YoungStar Udaan - Child Plan