HDFC Unit Linked YoungStar Champion
As a parent, your priority is your child’s future and being able to meet your child’s
dreams and aspirations. With our HDFC Unit Linked YoungStar Champion, you can start
building your savings today and ensure a bright future for your child. It is a convenient
plan, which saves you from the need of going for Medicals. This Unit Linked Plan
provides valuable protection to your child in case you are not around and gives
you with an outstanding investment opportunity to maximise your savings by providing
you a choice of thoroughly researched and selected investments. This plan also gives
Bumper Addition to the fund value at Maturity.
Features
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Advantages
- No need to go for medicals. Just filling a Short Medical Questionnaire will do
- This plan gives you Bumper Addition to the fund value at Maturity.
Your fund value will be augmented by addition of Bumper Addition, which is a percentage
of your original annualised premium
- The Triple Insurance Benefit helps you secure your child’s immediate and future
needs. In case of your unfortunate demise within the policy term, we will pay the
Sum Assured to your child (Beneficiary). Your family need not pay any further premiums.
We will pay 50% of the original regular premiums towards your policy. On maturity
your child will receive the fund value plus the Bumper Additions (if eligible)
- In the long term, the key to building great maturity values is a low Fund Management
Charge (FMC). We have a low FMC of only 1.25% per annum (of the fund’s value)
- You can choose to pay your premium as either Monthly (through Standing Instructions
or ECS Mandate) or Annually. You also have a range of convenient auto premium payment
options
- You can change your investment fund choices in two ways:
- Switching: You can move your accumulated funds from one fund to another anytime
- Premium Redirection: You can pay your future premiums into a different selection
of funds, as per your need
- Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961
This product is available for sale through our Bancassurance Partners (HDFC Ltd.,
HDFC Bank, Saraswat Bank, Indian Bank and Bank of Baroda)
For more details on risk factors, terms and conditions, please read the Product
Brochure carefully and/or consult Financial Consultant before taking a decision.