HDFC SL Crest is a unit linked insurance plan where you pay premiums for only 5 years to get market linked returns for a period of 10 years. This plan offers bonus.
Compare this plan with other Investment Plans Show ReturnsFlexibility to invest in any of the 4 funds available, create your own investment strategy by switching or redirecting future premiums
Flexibility to choose sum assured multiple between 10 times to 20 times annual premiumGet benefit of investing in a shorter horizon. Pay premiums for just 5 years and enjoy a policy term of 10 years
Tax benefits under sections 80C and 10(10D) of the Income Tax Act 1961There are no riders in this plan.
Your policy matures at the end of the policy term and fund value prevailing on the date of the maturity will be paid to you. You can opt for the settlement option described below.
Settlement Option: You can take your fund value in periodical installments over a period which may extend up to 5 years. The value of installments payable on the date specified shall be subject to investment risk i.e. the NAV may go up or down depending upon the performance of the funds chosen by you. Your money will remain invested in the funds chosen by you and is subject to the same investment risks as during the policy term. During the Settlement period, the risk cover will cease, we will continue to deduct Fund Management Charge and no other charges shall be levied. Partial withdrawals and switches shall not be allowed during this period. Complete withdrawal may be allowed at any time during this period without levying any charge.
At the end of this 5-year period, we will redeem the balance units at the then prevailing unit price and pay the fund value to you.
In case of the unfortunate demise of Life Assured, the insurance company will pay the benefit as defined below to the nominee:
| Death | Summary of Death Benefit |
| Before attainment of age 60 years | Greater of - |
1) Sum Assured (less all withdrawals made during the two year period immediately preceding the date of death)
2) The total fund value
The policy will terminate thereafter and no more benefit will be payable.
Sum Assured (less all withdrawals made after attainment of age 58)
The total fund value.
The policy will terminate thereafter and no more benefit will be payable.