HDFC SL Crest

About HDFC SL Crest

• HDFC SL Crest is a unit linked insurance plan
• It offers investment option in 4 different funds
• A combination of savings and protection plan with good returns
• Premium payment term is less than policy term
• Convenient mode of premium payment
• Offers structured payout option of the maturity benefit for specific life goals

How does HDFC SL crest plan work?

Under this HDFC SL crest ulip plan, an individual can choose an annual premium for a payment term of 5 years for a 10 year policy term. Based on the annual premium and his age, a sum assured is calculated as follows:

• If the individual is < 45 years old, then his sum assured is 10 times the annual premium paid
• If the individual is > 45 years old, then his sum assured is 7 times the annual premium paid.

After 5 years of premium payment term the individual can do partial withdrawals till the end of the policy term. After the policy term of 10 years, on maturity he receives the fund value prevailing as on that date. He can also opt to collect the maturity benefit in periodic instalments over a span of 5 years (settlement option). During this time there is no life cover and money is invested in the fund and the individual is ready to bear the volatility risk.

Suppose, if on unfortunate death of the individual during the policy term, his nominee receives the death benefit. The death benefit paid will be a higher value chosen either from:

• Total fund value
• Sum assured paid:    

1. After deducting partial withdrawals made during the two year period before death if death occurs before 60 years
2. After deducting partial withdrawals made after attainment of age 58

Why should you buy HDFC SL crest?

• This plan offers benefits of market related investments at nominal charge
• A plan which offers combination of good returns on your savings
• It offers tax benefits on all the premiums paid and claims received as per sections 80CCC and section 10(10A)

Who should buy HDFC SL crest?

• Individuals who want to diversify their investments
• Individuals who are looking out for monetary growth of their savings along-with life cover
• Individuals who want additional income

Claim Process 

Know Claim Process of HDFC SL Crest

Claim Process