Secure your children’s future with HDFC Life Youngstar Udaan. This policy helps you stay prepared and financially equipped at every stage of life.
Here are the key features and benefits offered under this policy:
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.
When you choose to go for the classical waiver option, you don’t require to pay all the instalments of future premiums.
This benefit enables you to invest a fixed amount at a regular interval. This will help you manage your other expenses.
Get the advantage of limited premium payment term and enjoy cover throughout the policy term.
This policy gives you the option to get guaranteed additions accumulated in the first 5 years of the policy, payable at maturity.
An 8.5% of survival benefits can be availed of during annual payout.
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 term||15 years - 25 years|
|Plan options||For maturity pay-outs
|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
• 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
• 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|
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.
Here are the steps to purchase the policy:
Here’s the list of mandatory documents required to purchase the policy:
Here’s how you can process the claim:
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:
Here are the documents needed to process reimbursement claim
You will also need to submit self-attested copies of the following documents:
Here’s one of the major exclusions under the policy:Suicide
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
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 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: firstname.lastname@example.org, 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.
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