HDFC SL YoungStar Super Premium

1. What is the Min/Max age at Entry/Maturity?                

                    
2. What is the minimum premium that needs to be paid?                
The Minimum premium is ₹15000                
                    
3. What is the Death Benefit under the plan?                
In case of your unfortunate demise during the policy term, the benefit payable to your beneficiary will be determined solely based on the Benefit Payment Preference (Save Bene t or Save-n-Gain Benefit) chosen by you. The minimum death benefit will be at least 105% of the total premiums paid.
On a claim all risk covers will cease and the Unit Fund will continue to be invested. The beneficiary will not have the right to request for any partial withdrawal, fund switch, premium redirection, settlement option,
surrender, etc. He will only be entitled to receive the fund value at the end of the original policy term.
Any Critical Illness Cover terminates immediately.           
                    
4. What are the fund choices?                
Fund options are available:
1) Income Fund
2) Balanced Fund
3) Blue Chip Fund 
4) Opportunities Fund   
                    
5. Can I do a partial withdraw from my fund?                
You can make lump sum partial withdrawals from your funds after 5 years of
your policy provided:
• The minimum withdrawal amount is `10,000.
• After the withdrawal and applicable charges, the fund value is not
less than 150% of your original regular premium.
• The maximum amount that can be withdrawn throughout the policy
term is 300% of the original regular premium.
• The partial withdrawals shall not be allowed which would result in
termination of a contract       
                    
6. Can I do any free switch or premium redirection under the plan?                
You can move your accumulated funds from one fund to another available fund anytime and You can pay your future premiums into a different selection of available funds, as per your need.                

HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.HDFC SL YoungStar Super Premium (Form No. P 501 UIN : 101L068V03) is a Unit Linked Non Participating Life Insurance Plan. HDFC Life Income Benefit on Accidental Disability Rider (UIN: 101B013V03) and HDFC Life Critical Illness Plus Rider (UIN: 101B014V02) are the names of the riders. Unit Linked Insurance products are different from the traditional insurance products and are subject to the risk factors. ULIP Issued on or after 1st February 2021 where the annualised premium exceeds Rs 2.5 lakh at any time during the premium paying term, the amount received on maturity shall not be entitled for exemption under section 10(10D) of the Income-tax Act, 1961. However, death benefit received shall be exempt u/s 10(10D). Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Life Insurance Company and HDFC SL YoungStar Super Premium is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contact are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

“As per recent changes in section 10(10D) of Income Tax Act, where the amount of aggregate annual premium payable in the financial year in case of Traditional plans (all non-unit linked plans except Annuity, Pension and Pure Risk Plans) issued on or after 1st April 2023 exceeding INR 5,00,000 the benefits of the policy/policies shall not be eligible for exemption under section 10(10D) except in case of death”. The customer is requested to seek advice of a tax advisor with respect to his/her personal tax liabilities under the Indian Income-tax law."