HDFC SL Youngstar Super Premium

HDFC SL Young Star Super Premium Plan is designed in s way to give off a triple benefit Unit Linked Insurance Plan (ULIP) for the welfare of children, where the parent is the Life Insured. In this plan if the owner of the policy I mean if the parent insured dies or is diagnosed with any of a critical illness during the policy period, then the nominee, that is, the child will receive all the Sum Assured in an approximation to the mentioned address and all  the immediate needs of the family will also be seen and the future premiums will either be paid by the company by funding or to the beneficiary. On maturity, the Fund Value would be paid to the beneficiary.

Features of HDFC SL Youngstar Super Premium

1. The plans are available in 2 options- Life Option with only Death Benefit and Life and Health Option which comes with Death Benefit + Critical Illness Benefit

2. 5 Investment Funds choices are available.

If the insured person dies or is diagnosed with any of the Critical and fatal Illnesses, then all the Sum Assured is given to the family and the policy continues.

3. Plans are designed and developed in a manner to give off the most possible benefits.

1. Smart Junior Plan

Features of this plan are mentioned below in the following points:

1. This Plan  offers two types of coverage and they are-

Life cover option: This option offers  only the death benefits and if in any case the insured dies before the policy tenure, he can avail these benefits.

Life and Health cover option: The plan offers both the death and the critical illness benefit. If in any case the insured is diagnosed with a critical illness during the policy tenure, this plan covers it all.

Eligibility Details

Entry Age:- 18 years to 65 years in life option and 18 years to 55 years in Life & Health option

 Policy period is between 10 to 20 years.

 Maximum age of maturity for life option is 75 years, and for Life & Health option it is 65 years.

2. Future Smart Plan

This plan by HDFC is like any other insurance plan. Features of this plan are stated below -:

1. The plan provides two variants which behave as an Endowment plan and a Money Back plan.

2. The plan promises guaranteed addition in the first five years at the rate of 3% by the age of 20 years and it extends to upto 5% after the age of 20 years.

3. Maturity benefits can be availed by three different options:

  • Aspiration Option
  • Academia Option
  • Career Option

4. Death benefit is also given under this plan in the following options:-

• Classic option

• Classic Waiver option

 What the HDFC SL Young star Super Premium covers?

HDFC life child plans provide your child an extremely financially independent life ahead in the future, even in the case of any unfortunate event in his or her life. The company guarantees to give the serve the best possible service to its investors and assures the financially secure future.

Applying for a Traditional / Investment Plan from the company

Online Option

There are few of the plans which the company issues via the only mode only. To apply online, you just have to register via a login ID and password on the official website of the company. Once logged-in, you have to select a particular policy, coverage plan and fill in the application form. After the selection of your desired plan, you can make the premium payment via debit card/credit card/net banking.

Offline Application

One can purchase multiple plans of Kotak Life Investment Plans from banks, agents, brokers, branch and intermediaries.

Why you should buy the HDFC SL Youngstar Super Premium?

Following are some of the most prominent reasons why one should choose HDFC SL YoungStar Super Premium Plan:

1. It provides financial protection to your child even in case of any unforeseen situations.

2. By investing in certain fund or a combination of funds helps to generate good returns.

3. Customisation flexibility is also given to the owner to fit your plan according to your child’s immediate and future requirements.

4. Along with this to add on some Critical Illness Rider and Income Benefit on Accidental Disability Rider option is also offered.

Why you need an HDFC SL Youngstar Super Premium and Investment Plan?

Following are some of the most prominent reasons why one should choose HDFC SL YoungStar Super Premium Plan:

1. It provides financial protection to your child even in case of any unforeseen situations.

2. By investing in certain fund or a combination of funds helps to generate good returns.

3. Customisation flexibility is also given to the owner to fit your plan according to your child’s immediate and future requirements.

4. Along with this to add on some Critical Illness Rider and Income Benefit on Accidental Disability Rider option is also offered.

How to Apply for HDFC SL Youngstar Super Premium?

1. On the official page of the Kotak Life Investment Plans , click on the Traditional Insurance tab under the Personal tab.

2. Click on the  New Quotes options to compare and choose the plan from the top insurance providers.

3. Mention your date of birth (DOB), and add in whether you are a smoker or a non-smoker.

4. Fill in your personal details like, name, email address, city, country code, and mobile number and press Continue.

5. Now, you will head to the Life Insurance quotes page and here you will get to see and choose life insurance quotes of more than 10 insurers.

6. After comparing from all the plans provided, choose a life insurance quote, click on the premium amount to buy the desired plan.

7. You will see a pop-up notification bar on your screen which will help you with an overview of the chosen plan like premium, plan features, exclusions, additional riders, and more and than click on Proceed.

8. This will take you to the insurer’s website and now fill in the necessary details to buy the plan.

FAQs on HDFC SL Youngstar Super Premium

1. What is the policy renewal process for HDFC SL Youngstar Super Premium?

Renewal of your plan can be done tby clearing all the due premiums through the following modes:

Online mode: Login to your policy account using your Login ID and Password and choose the plan that is due for renewal. Click on the ‘Pay Renewal Premium Now’ and select your payment mode and after making the payment, your plan will be renewed immediately.

Offline mode: You just have to visit the nearest branch and pay the remaining premiums to renew the policy.

2. How can I check policy status for HDFC SL Youngstar Super Premium?

Log in to your account with your ID and Password and check the status of your policy instantly.

You can also check your policy status via SMS facility by following a few steps-       

 SMS LIFE and send it to 56161,

 SMS FACILITY and send it to 5676727

 You can also call on the toll-free number 1800 266 9777 / 1800 227 227 and enquire about your policy status.

3. What is the policy cancellation process for HDFC SL Youngstar Super Premium?

 Submit a properly filed surrender form with all the relevant documents at any branch near you and after the  verification process, the company will refund the applicable amount.

4. How to pay a premium? What are the modes of payment available?

 HDFC life child plans provides the following modes of payment:

  • ECS system
  • Bill pay
  • YES or AXIS bank
  • Dropbox
  • Cash/Cheque payment
  • NEFT
  • Debit card/ Credit card

* Online payment

5. What is the Invest Protect Option?

 The child plans which is offered by HDFC comes under the most suitable saving plan. The plans come with various convenient ways to invest and receive maturity amount along with benefits. With this investment, the policy owner is assured about the financial security of child’s future.

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