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UNIT LINKED ENDOWMENT SUVIDHA PLUS |
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Unit Linked Endowment Suvidha Plus is a unit linked endowment plan from the HDFC Standard Life Insurance Co. Ltd. |
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Unique selling proposition of the Plan |
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- Royalty units at end of every policy year are added to each of the funds at 0.10% of the fund value.
- Choice of six funds to suit the risk-return profile of individual investor.
- Wide set of options for premium payment, policy term available.
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Plan Benefits |
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Death benefit: In case of death of life assured during the policy period, the nominee gets the sum assured and the total fund value. |
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Maturity benefit: As maturity benefit, policy holder is paid the fund value of the balance units at prevailing NAV. |
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Plan Eligibility |
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Entry age: minimum – 18 years; maximum – 50 years |
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Maximum age at maturity: 65 years |
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Policy term: minimum – 10 years; maximum – 30 years |
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Minimum sum assured: Rs.1,25,000 |
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Minimum annual premium: Rs.10,000 |
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Premium payment modes: annual, semi-annual, quarterly, monthly |
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Six Investment Funds to Choose from |
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Fund Name |
Asset Class |
Risk & Return Rating |
Bank Deposits & Money Market |
Government Securities & Bonds |
Equity |
Fund Composition |
Liquid Fund |
100% |
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Low |
Secure Managed Fund |
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100% |
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Low Moderate |
Defensive Managed Fund |
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70% to 85% |
15% to 30% |
Moderate |
Balanced managed Fund |
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40% to 70% |
30% to 60% |
High |
Equity Managed Fund |
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0% to 40% |
60% to 100% |
Very High |
Growth Fund |
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100% |
Very High |
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Plan Charges |
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Premium allocation charge: 60% for the first year, 1% from the 2nd year onwards |
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Policy Administration charge: Rs.20 / month, levied by proportionate cancellation of units. |
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Mortality Charge: Depends upon age at entry and levied by cancellation of units on a monthly basis |
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Switching Charge: Rs.100 / switch after 24 'free-of-charge' switches every policy year. |
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Partial withdrawal Charge: Rs.250 / withdrawal request after 6 'free-of-charge' withdrawals every policy year |
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Revival Charge: Rs. 250 / policy service request after 6 'free-of-charge' poliy servicing requests. |
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Miscellaneous Charge: Charge levied for any alteration within the insurance contract. |
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Fund Management Charge: 0.80% p.a. of fund value |
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Tax Benefits |
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This insurance plan is eligible for tax benefits available under Section 80C and Section 10(10D) of the Income Tax Act, 1961. |
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