HDFC Crest Life Insurance ULIP Plan - Benefits , Procedure and catch
HDFC SL Crest
HDFC SL Crest claims that there should be a plan which should not affect your plans of securing happiness for yourself and your family. HDFC SL Crest is an insurance-cum-investment plan that aims at providing financial protection to your family. It acts as an investment option that provides the highest NAV ( Net Asset Value ) along with a guarantee on returns*. So, when you reap the returns in life, they are on crests and not on lows hence the name. In this plan, you can choose to invest in any one of the two options available : Highest NAV Guarantee Fund or free Asset Allocation Option.
What HDFC SL Crest Offers
The HDFC SL Crest offers :
- Benefit of paying premiums for a limited term
- Valuable financial protection to your family in case you are not around
- Benefit of highest NAV at maturity
- Benefit of Minimum guaranteed NAV of Rs.15 at maturity
- An outstanding investment opportunity that maximizes your savings by providing you a choice of thoroughly researched investment selection.
Features and Benefits
Higher Allocations :
Level of Protection :
You can choose any amount as Sun Assured with a minimum of 10 Times and a maximum of 20 times your chosen regular premium.
Premium Paying Term : 5 years
Term Limits : Term of the policy is 10 years or 15 years
Age Limits :
Minimum age at the entry : 14 years
Maximum age : 55 years
Maximum Age at the maturity : 65 Years
Investment Options available :
- Highest NAV guaranteed fund
- Free asset allocation
Benefits
- Choice of two investment options.
- Benefit of minimum guaranteed NAV of Rs. 15 at maturity
- On maturity , you will receive the fund value as per the investment option selected
- It provides valuable protection to your family in case you are not around. In case of unfortunate occasions during the policy term, the amount higher then your sum assured will be paid to your nominee.
- This plan can be taken by filling a short medical Questionnaire, which may not require you to go for various medical checks.
- Tax benefits are offered under section 80C and 10D of income tax act, 1961
Application Process
It just takes a few minutes and clicks to get insured. Apply today and manage your finances easily
Our Final Verdict :
CREST is most likely an investment scheme than a Life insurance plan. The guarantee of Highest NAV of Rs 15 provided is an exceptional factor in this product. Also the higher lock period is an added advantage . The past records of HDFC is quite impressive and hence you can go ahead and make investments.
