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Old 17th October 2016, 01:44 PM
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Default Udaan Ratnakar Bank

Hii sir, I wants to get the Information About the HDFC Life YoungStar Udaan program Joint Venture program of the Ratnakar and HDFC bank ?
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Old 17th October 2016, 02:45 PM
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Default Re: Udaan Ratnakar Bank

As you Asking for the Information About the HDFC Life YoungStar Udaan program Joint Venture program of the Ratnakar and HDFC bank is given below


HDFC Life YoungStar Udaan is a traditional participating insurance plan. This plan is ideal for parents who wish to make provision for academic expenses that occur prior to college education as well as specific goals like college fees or marriage expenses etc.

Features of the Program :

Three Maturity benefit options to choose from based on which your survival/maturity benefits payable are decided

1. Aspiration (Endowment benefit) – Lumpsum payout at maturity

2. Academia (Moneyback benefit) – payouts during last 5 policy years with first guaranteed payout higher than subsequent guaranteed payouts

3. Career (Moneyback benefit) – payouts during last 5 policy years with last guaranteed payout higher than previous guaranteed payouts


Benefits

Limited PPT of 7, 10 or Policy term minus 5 years

Flexibility to choose your policy term from 15 to 25 years as per your child’s future needs

Guaranteed Additions1 during first 5 policy years, if applicable

Participating plan with accrued bonuses payable at maturity

Option to take this policy by filling a Short Medical Questionnaire (SMQ)

Tax Benefits under Section 80C and Sec 10(10D) of Income Tax Act 1961


Premium :

All future outstanding premiums under the policy will be waived. The contract shall continue and the benefits as per Survival benefit and Maturity Benefit shall be available.

For more details you may Visit the nearest branch of the RBK bank
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