HDFC Life Youngster Udaan-A Good Plan For The Future Of Your Child

1. HDFC Life Youngster UdaanA Good Plan For The Future Of Your Child Get Free Insurance Quotes

2. Children Plans All parents are always concerned for making their children’s future better; they want to fulfill their dreams, provide good education, and do lavish weddings well. Child plan is very helpful for lessening the worries of the parents because it supports the child with lump sum amount if the child losses its parent. Thus, the parents’ planning is not affected even after the death of the parent.

3. HDFC Life Youngster Udaan • It is a traditional participating child plan which has been formed considering the need of lump sum amount for the crucial period of the child as marriage, education, or other specific task. This is the plan that helps you make the future of your child secure, and keep free from the worries. This is a flexible child plan that offers a number features and benefits.

4. Features • Guaranteed Payout –This child plan lets you decide whether you want guaranteed lump sum amount at the end of the policy or payouts for the duration of last 5 policy years. • Premium Waiver Benefit – You can also take advantage of the option of premium wavier benefits that is a useful feature in which premium of policy are waived if the parent of child dies during the policy.

5. Premium Payment for Limited term-The plan also lets you choose the limited term for which you need to pay premiums of the policy. You can choose 7 years or 10 year as premium term. There is one more option for term in which you can deduct the 5 years from the policy term you choose. • This child plan is a flexible oneespecially in regard of the tern. You are free to choose policy term between 15 to 25 years. • You may also take advantages of the Guaranteed Additions between the first 5 years.

6. Benefits This is such a child insurance plans which offers you three kinds of maturity options; you can choose anyone which suits you better. • Aspiration (Endowment Benefit) – This is one of the maturity options, and it suits for those who want lump sum amount at time of maturity. • Academia (Money back benefits) – This option offers you payout at the time of last five years of your policy; moreover, it also guarantees to offer first payout which would be more than the following payout. • Career (Money back benefits) – This option offers similar maturity benefits as Academia mentioned above.

7. Death Benefits • If a parent of a child dies during the policy term, death benefits are applicable. These Death Benefits have been divided into 2 different categories – • Classic Benefits • The death benefits belonging to the first option include Basic Death benefit and accrued Guaranteed Additions along with accrued bonus, if they are applicable. • At the time of the maturity, 105 % of the total amount paid may be payable. • 10 times annualized Premiums are also offered if the entry age is up to 50 years. • If the entry age is above the 50, 7 times annualized Premiums are paid

8. Death Benefits • Classic Waiver • This option also offers basic death benefits like that of classic option; moreover Premium waiver is also applicable. • All left premiums of the policy are waived; besides, Maturity and Survival benefits are paid.

9. Final Words • It is a good plan for the better future of the child. The plan offers you enough flexibility for paying the premium . This child plan can keep you free from the worries of your child. However, the plan is not suitable for everyone as it needs to pay minimum 24,000 per year which maybe a bit costly; if the cost does not bother you, it is a good policy for your child

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