Product Specification-hdfc-progrowth-plus

Policy Details of HDFC Life ProGrowth Plus Grace Period: 15 days grace period is allowed for monthly mode and 30 days for other modes in HDFC Progrowth Plus Policy Termination or Surrender Benefit: Policyholder of HDFC Progrowth Plus is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges Free Look Period: If you are not pleased with the coverage, and terms and conditions of the HDFC Life Progrowth Plus, you have the option of cancelling HDFC Progrowth Plus policy within 15 days of receipt of the policy documents, provided there has been no claim. Inclusions Partial withdrawals are allowed every year with a minimum value of Rs.10,000 in HDFC Progrowth Plus Switches are allowed every year for switching between funds under HDFC Progrowth Plus Future premiums can be redirected to a new fund via the Premium Redirection option in the HDFC Progrowth Plus plans Additional Features or Riders Premium paying frequency can be changed as per requirement under HDFC Progrowth Plus There is an inbuilt Accidental Death Benefit Rider under the Extra Life Option of these HDFC Progrowth Plus plans Exclusions In HDFC Life Progrowth Plus, the benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date. In case of rider benefit under HDFC Life Progrowth Plus, death 3 months after the accident or accidental death due to intentional self-inflicted injury, alcohol abuse, war, aviation, and acts of criminal nature or due to participating in hazardous activities is excluded.