HDFC Life Youngstar Udaan

Secure your children’s future with HDFC Life Youngstar Udaan. This policy helps you stay prepared and financially equipped at every stage of life.

Key Features And Benefits

Here are the key features and benefits offered under this policy:

  • Multiple options for money back

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

  • Classical wavier plan benefit

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

  • Systematic transfer plan strategy

    This benefit enables you to invest a fixed amount at a regular interval. This will help you manage 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 during 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 plan offers multiple benefits such as maturity benefits for aspiration, academia, and career plans. It also offers two death coverages under classic and classical waiver. You get guaranteed additions for the first five years of policy (if applicable as per your plan), additional bonuses are provided at maturity.

How To Purchase The Policy

Here are the steps 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. One of the representatives 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 centres.
  • Policy schedule, policy wordings, cashless cards, and health guide will be sent to your mailing address.

List of Documents To Purchase The Policy

Here’s the list of mandatory documents required 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

Here’s how you can process the claim:

Cashless claims

The insured can avail the benefit of cashless treatment at any of the insurer’s network hospitals across the country. Here are the documents required for processing cashless claims:

  • First, search for an HDFC network hospital in the city where you want to get cashless treatment.
  • Intimate the insurer within 48 hours (emergency hospitalisation) and 3 days before admission in case of planned hospitalisation.
  • 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-authorisation request form correctly, which will be 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

Here are the 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 the insurer.
  • For collection and submission of claim documents, you need to send the list of the documents in original form within 15 days of discharge from the hospital. You can collect these documents from the hospital and submit them to the insurer:
  1. Claim form duly filled and signed by you/insured
  2. Hospitalisation discharge card/summary
  3. Hospital invoice(s) (summary and itemised invoices) and corresponding payment receipts
  4. Surgical summary (in case the life assured has undergone surgery).
  5. All supporting diagnostic reports and prescriptions
  6. All pharmacy receipts and corresponding prescriptions
  7. Ambulance invoice if applicable

You will also need to submit self-attested copies of the following documents:

  1. Health card or policy document
  2. ID proof (PAN card, Aadhar card, passport, driving license, voter’s identity card, bank passbook/statement).
  3. In case of cashless claims, ID proof should contain the photograph of the ID card holder.
  4. It would be preferable to provide NEFT details and supporting documents (cancelled cheque/bank passbook/statement) at the time of claim registration.
• 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.

Major Policy Exclusions

Here’s one of the major exclusions under the policy:

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.

Note: Please refer to the policy wording to know more about the policy exclusions.

Claim/Assistance Contact Details

For claim/assistance, you can contact us/insurer through one of the following ways:

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, ACKO General Insurance 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 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.

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