HDFC Life ProGrowth Plus premium is invested in capital market and also providing the insurance coverage.Know the available fund options in HDFC ProGrowth Plus Plan.
Market-Linked Investment: Your premium is invested in 10 fund options, based on how much risk you want to take, and investors often evaluate performance history to choose the best SIP plan .
✓Life Cover Options: You can choose between two protection options: Life Option – gives a basic death benefit.
✓Extra Life Option – gives extra money if death happens due to an accident.
✓Partial Withdrawals: You can take out some money after 5 years, if you are 18 years or older.
✓Flexible Premium Payments: You can pay premiums monthly, half-yearly, or yearly, as per your convenience.
✓Fund Switching: You can switch between funds anytime or change where your future premiums are invested.
✓Settlement Option: You can receive your maturity amount in installments over up to 5 years instead of a lump sum.
✓Tax Benefits: Premiums qualify for Section 80C , and payouts may be tax-free under Section 10(10D).
Exclusions
✗Suicide Clause: If the life assured dies by suicide within 12 months of policy start or revival, the nominee will receive only the fund value on that date.
✗Rider Exclusions: Accidental Death Benefit is not paid if death happens due to: Intentional self-injury, alcohol or drug abuse, war or war-like activities, aviation (other than a fare-paying passenger), criminal acts, hazardous or adventurous activities, or death occurring after 3 months of the accident.
