HDFC Unit Linked YoungStar Champion Plan | Enjoy Tax Benefits | Invest Now

HDFC Unit Linked YoungStar Champion Plan | Enjoy Tax Benefits | Invest Now

HDFC recently introduced a new investment plan called HDFC Unit Linked YoungStar Champion Plan.This will surely ensure your children future.

Best Features Of HDFC Unit Linked YoungStar Champion Plan:

• Ideal Plan for children’s future needs
• Maturity benefit with Bumper addition available
• A Partial withdrawal facilities available for any financial emergencies
• Flexible investment opportunity in a wide range of investment funds
• Low fund management cost
• Hassle-free premium payment options available
• Premiums allowed as deduction under section 80C (upto a maximum of Rs.1,00,000)
• In the event of unfortunate demise of life insured, sum assured paid immediately and 50% of the premium for the remaining term paid by HDFC Standard Life

You can save tax in HDFC Unit Linked YoungStar Champion Plan in two way:

• Under Section 80C: You can save tax each year as premiums up to Rs. 1,00,000 are allowed as a deduction from your taxable income.
• Under Section 10 (10D): The benefits you receive from this policy are completely tax-free, subject to the conditions specified therein.

This entry was posted on Thursday, August 27th, 2009 at 1:29 am and is filed under Advise, Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.