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.

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.

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:

• 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.

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

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.

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.

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).