What is unit linked plan of hdfc standard life?

unit linked young star


unit linked pension plan

What is unit linked plan of hdfc standard life?
HDFC Standard Life launched its unit linked insurance and pension plans. The company has launched 2 products on the unit-linked platform – HDFC Unit Linked Endowment Plan and HDFC Unit Linked Pension Plan. Through their flexible features the plans can be structured according to an individual’s specific needs and risk appetite. The HDFC Unit Linked Endowment Plan will help an individual grow his savings in the long term while providing ongoing risk cover and the HDFC Unit Linked Pension Plan will help him in accumulating a corpus for post retirement life. These plans are targeted at individuals who want to make their own investment choice while choosing their insurance and pension plans. Moreover, the flexibility of increasing premium contributions in an existing account will be of particular help to the unorganised segment of the market in managing their cash flows.





Commenting on the new plans, Mr Deepak Satwalekar, Managing Director %26amp; CEO, said, “With this launch we have a complete range of solutions to offer to customers. The unit linked plans will offer a choice of investment options to customers looking for the same. In addition, this launch will help us tap the emerging opportunity of the new pension scheme for the government employees”





HDFC Standard Life is confident of delivering good long-term investment returns to its unit linked policyholders. The company has a good track record in managing policyholder funds and as a result has declared 3 consecutive bonuses in the last three years on its “with profit” products. The competitive charging structure for the newly launched unit linked plans is one of the lowest in the market and will help in delivering better long-term returns to policyholders. The recently launched gratuity plan funds have performed well in the short term, which too is a reflection of the company’s investment expertise.








HDFC Standard Life sees its pre-sale advice as a clear differentiator and in pursuance of this strategy, the company is launching its unit-linked plan through specially trained and certified Financial Consultants. HDFC Standard Life Insurance is the only company to have a special training followed by a test before allowing Financials Consultants to advice customers on these products. While elaborating on this Mr. Satwalekar said, “With the flexibility and options offered under the unit linked platform, a well trained Financial Consultant will help a customer structure his plan and derive the maximum value from it. Since the customer will have to monitor his investments periodically, good advise and education by our Financial Consultant will be a key input for the customer to utilise the flexible feature of the plans.”











The newly launched plans offer a lot of flexibility to customers. The HDFC Unit Linked Endowment Plan comes with 5 fund options to match a customer’s risk profile. This plan allows the customer to choose the level of life insurance cover he needs and also a optional health cover. In addition the customer can switch monies between funds, re-direct future premiums and also top up premiums to invest additional income. The HDFC Unit Linked Pension Plan comes with 4 fund options and allows customers to switch between funds, re-direct future premiums and top up when needed.





For further information on HDFC Standard Life Insurance Co. Ltd, do visit www.hdfcinsurance.com.
Reply:I am working with HDFC Standard Life Insurance as Certified Financial Consultant and you may contact me for advice/ guidance on this: mnkannan@yahoo.com