How can I surrender HDFC SL ProGrowth Super 2?
Table of Contents
How can I surrender HDFC SL ProGrowth Super 2?
HDFC SL ProGrowth Super II – Policy Details
- If the policyholder failed to pay his/her premium on time, then he/she has to clear all his/her dues within the grace period.
- Policy Termination or Surrender Benefit: After the completion of 5 years, the insured can surrender the policy.
How can I surrender HDFC Life ProGrowth plus policy?
Policy Termination or Surrender Benefit: Policyholder of HDFC Progrowth Plus is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4\% p.a. growth.
Is HDFC Life ProGrowth plus good or bad?
The gap between Sum Assured of ₹15 lakhs in HDFC Life ProGrowth Plus to the Sum Assured of ₹1 Crore of a term plan is greater than 600\%. The meager Sum Assured compared to a term insurance plan shows that not only HDFC Life ProGrowth Plus but all other ULIPs are a lousy insurance product.
How is HDFC SL ProGrowth Flexi?
The HDFC SL ProGrowth Flexi gives: Valuable financial protection to your family in case you are not around. Flexible additional benefit options. Opportunity to invest in a choice of funds. At the end of the policy term, you will receive the accumulated value of your fund(s).
What is HDFC ProGrowth Super 2?
HDFC Pro Growth Super II Plan is a unit linked insurance plan (ULIP), such that if the Life Insured dies within the policy tenure, the nominee would receive both the Sum Assured and the Fund Value as Death Benefit. There are various options of combining the basic Death Benefit along with riders to increase protection.
How can I surrender my HDFC Life insurance policy Online?
Contact Details
- Call: 1860 267 9999.
- Telephone Number: (022) 67516666.
- Email ID: [email protected] (in India) / [email protected] (outside India)
- Mailing Address: Registered Office: HDFC Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011.
What is HDFC Life ProGrowth Plus plan?
WHAT IS HDFC LIFE PROGROWTH PLUS? HDFC Life ProGrowth Plus is a regular premium unit linked insurance plan. In this plan you can choose your regular premium and the investment fund(s). We will then invest your regular premium, net of premium allocation charges in your chosen fund(s) in the proportion you specify.
What is the minimum annual premium in ProGrowth plus?
ELIGIBILITY CRITERIA
| PARAMETERS | MINIMUM | |
|---|---|---|
| Premiums | Annual | ₹ 24,000 |
| HalfYearly | ₹ 10,000 | |
| Monthly | ₹ 2,500 | |
| Sum Assured | Age less than 45 years | Higher of 10 x annualized premium or 0.5 x policy term x annualized premium |
How do I close HDFC SL ProGrowth Flexi?
You stop paying the premium after 5 years – If the policy holder stops paying the premium after 5 years, then the accumulated policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately.
What is the minimum age at entry for extra life option under ProGrowth Flexi plan?
ELIGIBILITY CRITERIA
| BENEFIT OPTIONS | AGE AT ENTRY (Years) | |
|---|---|---|
| Minimum | Maximum | |
| Life Option | 141 | 65 |
| Extra Life Option | 18 | 55 |
How can I surrender my HDFC Life Insurance Policy Online?
Why is surrender value less than premium?
A policy acquires surrender value only when premiums for full three years have been paid to the insurance company. By surrendering a policy, the customer loses out on all the benefits of the scheme and receives a much lower amount than the premiums he has already paid.