HDFC SL ProGrowth Flexi

This plan allows you to build your wealth over an extended period while ensuring insurance coverage.

UIN: 101L072V05

  • Additional sum assured in case of accidental death.

  • Choice of 10 fund options.

  • Option to select a sum assured up to 40 times the annual premium.

Safeguard your family’s future with our Insurance Plans

Why choose HDFC SL ProGrowth Flexi?

  • HDFC SL ProGrowth Flexi is a Unit Linked Non-Participating Life Insurance Plan that offers flexibility in choosing premiums and fund options, allowing you to grow your savings.

  • At maturity, you can receive either the Fund Value or choose the Settlement Option to receive your maturity benefits over a period of 5 years.

  • You have the ability to manage your funds by either switching or redirecting future premiums into a new fund.

  • After 5 years of your policy, you can make lump sum partial withdrawals from your funds.

  • The plan provides tax benefits as per prevailing tax laws1 .


  • As per Income Tax Act, 1961. Tax Benefits are subject to changes in tax laws.

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Frequently Asked Questions

  • You can buy this plan through InCred Wealth's partnership with HDFC Life, either online or offline. On our website, you have the option to view and compare the plan's features and benefits before entering your details. We will have a Relationship Manager reach out to you soon.

  • HDFC SL ProGrowth Flexi is a unit-linked savings-cum-insurance plan that provides financial security to your loved ones.

    It offers valuable financial protection to your family in case of your demise.

    The plan provides flexible additional benefit options and allows you to invest in a choice of funds.

    You have the freedom to choose your premium and investment funds, and at the end of the policy term, you will receive the accumulated value of your chosen funds.

    In the unfortunate event of your death during the policy term, your nominee will receive the higher of the sum assured (less withdrawals) or fund value.

  • If you pass away during the policy term, your nominee will receive the highest of the following:

    Sum assured (less all withdrawals made in the two-year period preceding your death)

    Unit fund value

    Minimum death benefit of 105% of the total premiums paid

    After the death benefit is paid, the policy will terminate.

  • There are 10 fund options available in this plan, including Income Fund, Balanced Fund, BlueChip Fund, Opportunities Fund, Equity Plus Fund, Bond Fund, Diversified Equity Fund, Conservative Fund, Discovery Fund, and Equity Advantage Fund

  • The minimum premium amounts vary based on the premium payment frequency:

    Annual: ₹24,000

    Half-Yearly: ₹10,000

    Monthly: ₹2,500 (mandatory to be taken with ECS/SI and pay the first 3 months' premiums in advance)

  • You can invest your money in this plan on an annual, half-yearly, or monthly basis (subject to certain requirements for monthly payments).

  • Yes, you can save tax under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to provisions and changes in tax laws.

  • In unit linked policies, the investment risk in the investment portfolio is borne by the policyholder. The

    Unit Linked Insurance products do not offer any liquidity during the first five years of the contract.

    The policyholders will not be able to surrender/withdraw the monies invested in Unit Linked

    Insurance Products completely or partially till the end of fifth year.

    Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.For Single premium, the special addition is 1% of the Single premium at inception only.

    • 1. Opt for Settlement Option to receive maturity benefit in periodical installments.
    • 2. Partial withdrawals can be made from your funds after completion of 5 policy years, provided the Life Assured is atleast 18 years of age.
    • 3. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.
    • 4. Additional Sum Assured on accidental death is paid under Extra Life Option.
    • 5. In your policy documents we give the Critical Illness benefit the unique name of Extra Health Benefit, Accidental Death Benefit is called Extra Life Benefit and Accidental Total & Permanent Disability Benefit is called Extra Disability Benefit.
    • 6. Death Benefit under the product - Sum Assured less all withdrawals made during the two year period immediately preceding the death of the Life Assured. Unit Fund Value based on the number of units and the Unit Price of the fund is also payable. The Minimum death benefit will be at least 105% of the total premiums paid.
    • 7. Loyalty additions (as percentage of the average fund value) will be added to the fund value in the form of additional units from the end of 6th policy year onwards, provided all due premiums have been paid. The Loyalty Additions will be added for both Single Pay and Limited Pay policies.
    • 8. Assured maturity benefit will be paid only on policy maturity provided all due premiums have been paid and will not apply on death or surrender.
    • 9. Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2022-23.
    • 10. Source -
    • 11. For Single premium, the special addition is 1% of the Single premium at inception only
    • 12. Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options
    • 13. Save 46,800 on taxes if the insurance premium amount is Rs.1.5 lakh per annum and you are a Regular Individual, Fall under 30% income tax slab having taxable income less than Rs. 50 lakh and Opt for Old tax regime
    • 14. In ULIP Plan, the investment risks in the investment portfolio is borne by the policyholder. @17.29% p.a. rate of return. Rate of return shown is fund performance of Diversified Equity Fund (for last 5 years). Please note that past fund performance is not indicative of future performance fund. Life Insurance is available in this plan. T&C Apply

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