Check out the PDF file for other details and charges

Key Features:

• One time investment at the start of the policy
• Cover till the age of 99 years
• Regular loyalty units of 0.10% every year as long as the policy is not surrendered
• No medicals in case of eligibility, for applying through Short Medical Questionnaire (SMQ)
• Flexibility of investing in 5 funds — Money Plus Fund, Bond Opportunities Fund, Large-cap Fund, Mid-cap Fund, and Manager’s Fund.

On the occasion of the launch of Wealth Maximiser Plus, Deepak Satwalekar, MD & CEO, HDFC Standard Life said, “Wealth Maximiser Plus is the first unit-linked product in the Indian life insurance industry to offer the opportunity of investing in ‘Manager’s Fund’ — a fund that offers a dynamic exposure between other Equity and Debt-type funds.” The investment limits are follows:

• Money Plus: 0-5%
• Bond Opportunities Fund: 10-60%
• Large-cap Fund: 15-45%
• Mid-cap Fund: 15-45%

Customers may choose Manager’s Fund, if they would like the company’s investment manager to take decisions regarding reallocation between equity and debt funds while market conditions change. HDFC Standard Life’s Unit Linked Wealth Maximiser Plus will offer customers the opportunity to maximize returns by investing in 5 new funds, launched exclusively for this product.

Wealth Maximiser Plus allows people to choose the premium and the investment fund/funds. HDFC Standard Life then invests the specified premium, net of premium allocation charges in the chosen funds in the proportion specified by the customer. The accumulated value of the funds is received at the end of the policy term. In the event of unfortunate demise of the policyholder during the policy tenure, HDFC Standard Life will pay the greater of the Sum Assured (less all applicable withdrawals) and the total fund value to the family members of the policyholder.

Wealth Maximiser Plus is a single premium plan and is subject to appropriate tax treatment under the Income Tax Act 1961 and rules made there under or any other financial enactment prevailing from time to time. Currently Section 80C benefit is available for the premium paid into the plan subject to the limits in that section. Benefits received under Section 10 (10D) will be exempt from tax subject to the limits contained therein.

But the big question is: What are the charges? Premium allocation charges of HDFC ULIPs are known to be the highest!!

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