HDFC Unit Linked YoungStar Champion:

HDFC Unit Linked Young Star Champion is a specially designed plan to help you to arrange for a secure future for your child.  It provides you with a surety of protecting your investment as well as works to increase it to as large an amount as possible so that you will benefit by it greatly at the time of maturity.

The advantages of buying this plan are,
You are not required to undergo any kind of medical examination.  You will just have to fill up a short questionnaire on your health.

This plan has a number of fund options from which you can choose to invest your money.  You can choose whichever is suitable for your requirements.

At the time of maturity you will be given another kind of bonus by the insurance company called the bumper addition. This facility is available only in this plan.  

HDFC Unit Linked Young Star Champion benefits include
According to the death benefit that is provided by this plan include payment to your nominee or family in the event of death of the policy holder.  The family will not have to pay the remaining premiums. 

They will be relieved of this burden since the company will pay the remaining premiums for them.  At the time of maturity of the policy your child will receive the fund value as scheduled.

You are needed to pay a low fund management value of one and a quarter percent of the fund value.  In this way you can accumulate a greater maturity value and you can have a longer policy term. You are given the option of paying your premiums monthly or yearly according to your convenience.

At anytime during the policy term you are permitted to shift your investment from one fund option to another according to where you will receive more benefit. 

You are also permitted to redirect your premium and in this way pay your premium in a different fund option.

This plan is a very beneficial plan since it provides a lot of added benefits to suit your needs and provide your child with a secure future.