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HDFC Life ProGowth Plus

The HDFC Life ProGrowth Plus Plan is a unit-linked, non-participating insurance plan. This plan gives you the flexibility to invest in all or a combination of their eight investment funds to get the best-accumulated value at the end of policy term. This policy safeguards your loved one’s future as even in case of unforeseen situations like the death of the policyholder, the nominee gets the greater of sum assured or fund value.


Key Features and Benefits

The key features covered under the HDFC Life ProGrowth Plus Plan are as follows:

  • Flexibility to choose between the two plans

    This plan offers the option to choose from the 2 plan options at the inception of the policy.
    1. Life Option – This option covers the death cover
    2. Extra Life Option – This option covers the death cover and accidental death cover Both these plan options come with the below benefits:

  • Death Coverage

    In case of death of the life insured within the policy tenor, the nominee gets higher of sum assured or fund value as death cover.

  • Accidental death coverage rider

    In case of an event of unfortunate accidental death of the insured the nominee will be paid the additional sum assured along with the applicable death cover.
    Note: In policy documents, accidental death cover is called ‘Extra Life Benefit&rsquo

  • Maturity benefit

    The fund value is paid as maturity benefit on the policy maturity.

  • Free look benefit

    The insured individuals can return the policy within 15 days, if they are not satisfied with the policy terms and conditions

  • Surrender value benefit

    The policy has a lock-in period of 5 years. If surrendered within the lock-in period, funds move to Discontinuance Policy Fund and get paid after 5 years are complete. In case surrender is done after 5 years, the fund value is paid out immediately.

  • Income tax benefit

    The insured gets tax benefits each year under section 80C and the maturity proceeds are tax-free under section 10(10)D, subject to fulfilment of terms and conditions.

Policy Details

HDFC Life ProGrowth Plus Plan
Insurer Name HDFC Life Insurance Company Limited
Policy Type Individual
Policy term 10 years to 30 years#
Premium paying modes Yearly, half-yearly, and monthly
Sum insured (minimum) Age less than 45 years
Higher of 10 x annualised premium or
0.5 x policy term x annualised premium
Entry age Life Option – 14 years* and 65 years
Extra Life Option -18 years and 55 years
Maturity Age (Maximum) Life Option - 75 years
Extra Life Option – 70 years
Rider Options HDFC Life Income Benefit on Accidental Disability Rider
HDFC Life Critical Illness Plus Rider

* Risk cover starts from the date of commencement of policy for all lives including minors. In case of a minor life, the policy will vest on the Life Assured on the attainment of age 18 years. #Policy term & Premium Payment Term of 11 years to 14 years is not offered.

Plans Available

The HDFC Life ProGrowth Plus Plan is a Unit Linked Insurance Plan (ULIP). The plans are available with premiums starting from Rs. 2500 including taxes.

Investment Fund Options

Following are the investment funds available under this plan:
• Equity plus fund
• Diversified equity fund
• Blue chip fund
• Opportunities fund
• Balanced fund
• Income fund
• Bond fund
• Conservative fund
• Discovery Fund
•Equity Advantage Fund
◦ The policyholder has the option to switch between funds at any time.
◦ The insured can make partial withdrawals in this policy after 5 complete policy years or the life assured is 18 years old, whichever is later. The minimum amount of partial withdrawal should be Rs. 10,000 and the maximum partial withdrawal allowed is up to 300% of the original regular premium amount such that the fund value does not fall below 150% of the original regular annualized Premium.

How to purchase the policy

To apply for the HDFC Life ProGrowth Plus Plan, simply follow these steps:

  • Click on the ‘Apply Now’ button and fill in your basic and health details. Our representative will get in touch with you to provide further assistance.
  • Ensure that the information given in the form is complete and accurate.
  • You may be required to undergo a pre-policy medical examination at insurer network diagnostic centres.
  • Policy schedule, policy wordings, cashless cards and health guide will be sent to the insured’s mailing address.

List of documents to buy the policy

The following mandatory documents will be needed to purchase the policy:

  • Photograph of the applicant
  • Age proof such as birth certificate, voter’s ID, PAN card, passport etc.
  • Identity proof such as passport, aadhaar card, PAN card, voter’s ID, etc.
  • Income Proof such as form 16, salary slips, employment certificate etc.
  • Address proof such as telephone bill, electricity bill, passport, bank statement, voter’s ID, etc.
  • Medical test that the insurer requires you to undergo.

How to process the claim

During times of uncertainty, get covered against unforeseen risks and complete your claim processing with these easy steps:

Cashless Claims
Documents needed to process cashless claim:
With the HDFC Life ProGrowth Plus Plan, you can avail the benefit of cashless treatment with the insurer’s network hospitals anywhere in the country. The procedure to file a claim is as follows:

  • First, search for an HDFC network hospital in the city where you want to get cashless treatment.
  • Intimate the insurer within 48 hours (emergency hospitalization) and 3 days before admission in case of planned hospitalization.
  • While visiting the hospital, carry the patient’s insurance cashless card or the policy details.
  • Show the Health Insurance cashless card and valid ID proof at the insurance desk of the hospital.
  • Fill in the pre-authorization request form correctly available at the hospital and submit it to the hospital.
  • For quicker action, fill the request form on the official website and intimate the insurer. Wait for the decision as your request will be reviewed.
  • The insurer may take up to 2 hours after receiving the request and will inform about the decision via an e-mail and an SMS.
  • You can also check the status online on The claim will be processed as per the terms and conditions of the policy after all the formalities are completed.

Reimbursement Claims:
Documents needed to process reimbursement claim
• In case of an emergency admission, you need to notify the insurer within 48 hours and pay the charges to the hospital directly unless a pre-authorization has been issued by us.
• Collection and submission of claim documents- send the list of the documents mentioned below within 15 days of discharge from the hospital.
• After reviewing the documents, the insurer will approve or reject the same as per the terms and policy.
• If the request is approved, the insurer will send the reimbursement amount via NEFT to your registered bank account.
• If the request is rejected, the same will be communicated to your registered contact phone number and email id.
Collect below mentioned relevant document in original from the hospital and submit them to the insurer:
• Claim form duly filled and signed by you / Life insured.
• Hospitalization discharge card / Summary.
• Hospital Invoice(s) (summary and itemized invoices) and corresponding payment receipts
• Surgical summary (in case the life assured has undergone surgery)
• All supporting diagnostic reports and prescriptions
• All pharmacy receipts and corresponding prescriptions
• Ambulance invoice if applicable
• Self-attested copies of the following documents:
◦ Health card or policy document
◦ ID proof (PAN Card, Aadhar Card, Passport, Driving License, Voter’s Identity card, Bank Passbook/Statement)
◦ In case of cashless claims, ID proof should contain the photograph of the ID card holder
• It would be preferable to provide NEFT details and supporting documents (cancelled cheque/bank passbook/statement) at the time of claim registration

Major Policy Exclusions

The major exclusions for the policy are as follows:

  • Suicide: In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to the fund value as available on the date ot intimation of death.
  • Accidental Death Benefit not covered if the death occurs after 90 days from the date of the accident
  • Participation in war, invasion, hostilities or criminal acts with criminal purpose
  • Self-generated harm through suicides or intake of poison
  • Indulging in a hazardous profession or hobby that carries the risk of life
  • Taking part in flying activities like paragliding, bungee jumping etc.
  • Death after 180 days of the accident
  • HIV/AIDS, self-destruction, intake of alcohol/ drugs/ sedatives
  • Death within 30 days after critical illness is diagnosed
  • Failure to seek medical advice or implement the same.
  • Refer to the policy brochure to know detailed exclusions.

Claim/Assistance Contact Details

BFL Helpline Number: 08698010101

HDFC Life Helpline Number: 18602679999

E-mail –

Mailing address:Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014.

*For claim related issues please refer your policy document or certificate of insurance (COI).


Bajaj Finance Limited (BFL) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Co. Ltd, ACKO General Insurance Co. Ltd., Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited and Manipal Cigna Health Insurance Company Limited under the IRDAI composite registration number CA0101.

Please note that BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase an insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. This product provides insurance coverage under the product name HDFC Life ProGrowth Plus UIN: 101L081V05. Please refer to the insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any will be as per the prevailing tax laws. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product

HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.

Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. Email:, Tel. No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website:

The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered with HDFC Limited.

HDFC Life ProGrowth Plus (UIN No: 101L081V05, Form No: 501) is a unit-linked non-participating life insurance plan. For more details on risk factors, associated terms and conditions and exclusions please read the sales brochure carefully before concluding a sale.


• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment in premiums. Public receiving such phone calls are requested to lodge a police complaint.

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