The leading private sector insurer HDFC Life has launched ProGrowth Flexi plan. This is Unit Linked Insurance Plan which will provide Insurance + Investment option.  

HDFC ProGrowth Flexi is a highly affordable Unit Linked Plan comes with minimum monthly premium of Rs 2500.  Plan comes with option of 30 day look in period. It has flexible premium payment option, five investment fund option and flexibility in premium paying term. 

Niraj Jain, CEO of Bonsai Insurance, Broking firm that launched India’s first Online Portal www.insurancemall.in said, HDFC Life’s ProGrowth Flexi is a plan which is well suited for the ones who are price conscious and looks for flexible insurance option.  

The product offers several flexibilities to customers that can be chosen based on their needs and appetite. Apart from the normal life cover, HDFC SL ProGrowth Flexi also provides extra life cover with accidental death benefits option. 

HDFC SL ProGrowth Flexi’ Advantages: 

1)    This plan provides valuable protection to your family in case you are not around. In case of your unfortunate demise during the policy term, we will pay the greater of the Sum Assured or your total fund value to your nominee.

2)    You can choose any of the following 2 plan options as per your requirement. Life Option = Death Benefit. Or Extra Life Option = Death Benefit + Accidental Benefit.

3)    On maturity, you can take the Fund Value at the prevailing unit prices as lump sum or you can opt for settlement options.

4)    Switching: You can move your accumulated funds from one fund to another anytime.

6)    Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961. 

Plan provides five investment fund option to choose from Short term fund, Income Fund, Balanced Fund, Blue Chip Fund, Opportunities Fund. It offers flexibility to change premium paying term after successfully paying premium for first five years. 

Insured can choose any Sum assured multiple as per your age. Minimum age at entry is 14 years and maximum age is 65 years and maximum age at maturity is 75 years. If you choose the Accidental Death Benefits option, minimum age at entry is 18 years and maximum age is 55 years and maximum age at maturity is 70 years. 

Know more about HDFC SL ProGrowth Flexi. 

Now if you have any queries or doubts click here.