HDFC Life Youngstar Udaan

Your children are precious, so are their dreams. With HDFC Life Youngstar Udaan you can make them true. Secure your child's dreams and future with this policy. The policy allows you to empower your child's dreams and live a life as a proud parent.

 

Key Features and Benefits

  • Multiple option money back plan

    The policy offers different money back options based on eligibility criteria like the death coverage option, maturity benefit option. The payouts also vary as per different maturity benefit options like an aspiration plan, academia, and career.

  • Classical wavier plan-benefit

    When you choose to go for the classical waiver option, you don’t require to pay all future premiums.

  • Systematic transfer plan strategy

    The strategy provides you with the advantage of investment of fixed amounts at regular intervals that helps you in managing your other expenses.

  • Limited premium payment

    Get the advantage of limited premium payment term and enjoy cover throughout the policy term.

  • Boost guaranteed additions

    This policy gives you the option to get guaranteed additions accumulated in the first 5 years of the policy, payable at maturity.

  • Survival benefit

    An 8.5% of survival benefits can be availed of annual payout.

Policy Details

Here’s a look at the details covered under HDFC Life Youngstar Udaan:

HDFC Life Youngstar Udaan
Insurer Name HDFC Life Insurance Company Limited
Policy Type Individual
Policy term 15 years - 25 years
Plan options For maturity pay-outs
• Aspirational
• Academia
• Career
Age at entry Classic*
• Aspiration: Minimum 30 days and maximum 60 years
• Academia: Minimum 8 years and maximum 60 years
• Career: Minimum 8 years and maximum 60 years
Classical waiver
All Options
• Minimum 18 years and maximum 55 years
Age at maturity Classic*
• Aspiration:Minimum 18 years and maximum 75 years
• Academia: Minimum 23 years and maximum 75 years
• Career: Minimum 23 years and maximum 75 years
Classical waiver
All Options
• Minimum 33 years and maximum 75 years
Premiums payment term • 7 years
• 10 years
• Policy term minus 5 years
Sum assured (minimum) Depends on the policy you choose

*For all ages, risk commences from the date of inception of the contract.

Plans Available

This traditional child multiple benefit plan has multiple maturity benefits aspiration, academia, and career. It also offers two death benefits like a classic and a classic waiver. You get guaranteed additions for the first five years of policy (if applicable as per your plan), additional bonuses are paid at maturity.

How to Purchase the Policy?

  • To apply for the HDFC Life Youngstar Udaan, 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’s network diagnostic centers.
  • Policy schedule, policy wordings, cashless cards, and health guide will be sent to your 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 examination can be required in some cases, depending on the sum assured.

How to Process the Claim?

Life is uncertain and so are medical emergencies and accidents. We are here to guide you in these tough times and complete your claim processing in a few simple steps.
Cashless Claims
Documents needed to process cashless claim:
With the HDFC Life Youngstar Udaan Plan, the insured 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.
  • 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.
  • The insured can also check the status online on https://www.hdfclife.com/.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-authorisation 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 the insured’s registered contact phone number and email id.

Collect below mentioned relevant original documents from the hospital and submit them to the insurer:
• Claim form duly filled & signed by you/life insured.
• Hospitalisation discharge card/summary.
• Hospital invoice(s) (summary and itemised 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:
i. Health card or policy document
ii. ID proof (PAN card, Aadhar card, passport, driving license, voter’s identity card, bank passbook/statement).
iii. In case of cashless claims, ID proof should contain the photograph of the ID card holder.
iv. 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

Suicide

  • When suicide is committed within 12 months of policy start, then only 80% of premium are returned to the nominee.
  • In case of suicide within 12 months of revival, more than 80% of premiums paid or accrued surrender value is paid.
  • Please refer to the policy wording to know the policy exclusions in detail.

Claim/Assistance Contact Details

BFL Helpline Number: 08698010101

HDFC Life Helpline Number: 1800-266-9777

E-mail –  wecare@bajajfinserv.in

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


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

Disclaimer

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, Tata AIG General Insurance Company Limited, Oriental Insurance Company Limited, Max 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 HDFC Life YoungStar Udaan with the UIN: 101N099V04. 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: service@hdfclife.com, 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: www.hdfclife.com.

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 into with HDFC Limited.

HDFC Life YoungStar Udaan (101N099V04) is a Non-Linked, 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.


BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS
• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.