INSURANCE INSIGHTS
|
JULY 2017
20
21
JULY 2017 |
INSURANCE INSIGHTS
Insurer Name
HDFC Standard Life Insurance Company Ltd.
Product name
HDFC Life YoungStar Udaan
Premium p.a. (for a 35 year old Male, non-smoker,
for SA of Rs. 5 Lakh)
(Excluding taxes, surcharge & cess)
R
46,334
PPT - 15 years, PT - 20 years, Aspiration option
Illustrative Maturity Benefit at 4% and 8% return for
above premium and Sum Assured (as per insurer's
illustration)
R
8,71,154 (at 4%)/
R
13,44,997 (at 8%)
Key Plan Features
Participating Child Plan with 3 Plan options of Money back and
Endowment and Guaranteed additions in the 1st 5 Policy years.
Entry Age(Min/Max)
30 days/60 years (Classic: Option 1), 8/60 years (Classic: Option
2&3),
18/55 years (Classic Waiver)
Maturity Age(Min/Max)
18/75 years (Classic: Option 1), 23/75 years (Classic: Option
2&3),
33/75 years (Classic Waiver)
Premium paying options
Limited Pay
Premium Paying Term(PPT)/Policy Term(PT)
7, 10 or PT minus 5 years/15 to 25 years
Premium mode
Annual, Half-yearly, Quarterly or Monthly
Sum assured (Min/Max)
R
1,57,224
3
/No Limit
Minimum Annual Premium
R
24,000
Plan options
Classic, Classic Waiver
Maturity Benefit*
A. Last guaranteed payout for Moneyback Options OR ‘Sum As-
sured on Maturity’ for Endowment Option.
B. Accrued Guaranteed Additions (if applicable)
C. Reversionary bonus, interim bonus and terminal bonus, if any.
Death Benefit*
Classic - Basic Death Benefit + Accrued Guaranteed Additions +
Accrued Bonuses, if any
Classic Waiver - Basic Death Benefit + Premium Waiver
CHILD PLANS (TRADITIONAL)
*Please refer to the Product Brochure for more details.
Option 1 - Aspiration, Option 2 - Academia, Option 3 - Career
1
Depends on the Basic Sum Assured selected. Currently taken for 25 year old female, Minimum Sum Assured -
R
2,50,000
2
Depends upon the age, Sum Assured and plan option chosen, Here Male, Age – 18 years, Sum Assured –
R
1 Lakh, PPT – 5 years, PT – 14 years
3
Considered for Age 30 days, Aspiration, Classic option, PPT – 7 years, PT – 18 years, Minimum Premium –
R
24,000
Insurer Name
HDFC Standard Life Insurance
Company Ltd.
Birla Sun Life Insurance Company
Ltd
Product name
HDFC SL YoungStar Super Premium
BSLI Wealth Aspire Plan -Assured
Option
Illustrative Maturity Benefit at 4% and
8% return for Premium Rs. 50,000 p.a.,
PPT - 20 years, PT - 20 years, for a 35
year old Male, non-smoker. (as per
insurer's illustration)
(Premium excluding taxes, surcharge
& cess)
R
11,15,911 (at 4%)
/R
17,53,838 (at 8%)
R
3,23,343 (at 4%)/
R
6,
88,610 (at 8%)
Key Plan Features
Regular Premium Payment Child
Endowment plan with 2 plan options and a
choice of investment in 4 fund options.
Flexibility to add top-ups in case of
additional savings and you are also
rewarded for policy continuance in the
form of additional units.
Entry Age(Min/Max)
18/65 years (Option 1), 55 years
(Option 2)
18/45 (5, 6 & 7 Pay), 50 years (8 Pay
& above)
Maturity Age(Min/Max)
18*/75 years (Option 1), 33/65 years
(Option 2)
28/60 years
Premium paying options
Regular Pay
Limited Pay, Regular Pay
Premium Paying Term(PPT)/Policy
Term(PT)*
10 to 20 years
5,6,7,8 years/5 to 40 years
1
Premium mode
Annual
Annual, Half-yearly,
Quarterly, Monthly
Sum assured (Min/Max)
Age<45 years: 10 x AP/40 x AP
Age>=45 years: 7 x AP/40 x AP
R
3,00,000/No Limit
Minimum Annual Premium
R
15,000
R
30,000
2
Plan options
Life Option, Life and Health Option
BSLI Wealth Aspire Plan - Assured
Option
Premium Allocation Charges
Year1-7 : 4%, Year 8+ : 1%
Year 1/Premium Band
#
1 - 7%, Year
2+/Band
#
1 - 5%
Maturity Benefit*
Fund Value
Fund Value
Settlement Option Available
Death Benefit*
Sum Assured + Premium Waiver depend-
ing upon Save Benefit or Save-n-Gain
option chosen.
On Maturity, fund value to be paid to the
beneficiary.
^
Higher of -
Basic Fund Value or Basic Sum Assured
plus, higher of -
Top-up Fund Value or Top-up Sum As-
sured
CHILD PLANS (ULIP)
*Please refer to the Product Brochure for more details.
Option 1 - Life Option, Option 2 - Life and Health Option, AP – Annualised Premium
^Death benefit payable shall never be less than 105% of total premiums paid to date (including Top-up),
#
Varies as per the premium band chosen. 2% Premium Allocation Charge is levied on any top-up premium when paid,
1
subject to maximum age of 70 on pay term,
2
depends on the premium mode selected
