HDFC Life · ULIP · Goal / child-oriented ULIP
Click 2 Wealth
A ULIP with three variants - Invest Plus for straightforward wealth building, Premium Waiver to protect the goal if the payer dies, and Golden Years for whole-of-life cover with retirement income via withdrawals - across 19 fund choices with zero allocation or admin charges.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Linked (ULIP)
CategoryGoal / child-oriented ULIP
InsurerHDFC Life
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureYes — fund-value linked
LiquidityNot available in the current product data
Lock-in5 years (statutory minimum for ULIPs)
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A ULIP with three variants - Invest Plus for straightforward wealth building, Premium Waiver to protect the goal if the payer dies, and Golden Years for whole-of-life cover with retirement income via withdrawals - across 19 fund choices with zero allocation or admin charges.
You might need this if…
- You might need this if you want a ULIP with no premium allocation or policy administration charges eating into your investment.
- You might need this if you're saving for a child's future and want the plan to keep growing even if you (the premium payer) die before the goal is reached (Premium Waiver option).
- You might need this if you want a single plan that converts into a retirement-income tool later in life via the Golden Years Benefit and systematic withdrawals.
- You might need this if you want a very wide fund menu (19 options, including a liquid fund) with unlimited free switching for rebalancing.
How it actually works
- Life Assured entry age 0 (30 days) to 60; policy term 10-40 years for Invest Plus, or to age 99 for Golden Years; premium term is Single, Limited (5/7/10 years), or Regular (10-40 years).
- Death benefit is the highest of the total sum assured (minus recent withdrawals), the fund value, or 105% of premiums paid.
- Fund management charge is 0.80% p.a. for debt-oriented funds and 1.35% p.a. for equity funds; there is no premium allocation or admin charge, and switching/withdrawal/surrender are free.
- A Special Addition of 1% of annualised premium is added to the fund value each year for the first 5 years.
- Return of Mortality Charges (ROMC) adds back all mortality charges deducted over the term, credited at maturity.
- Maturity benefit is the fund value, payable as a lump sum or in instalments over up to 5 years.
Worked example
A 35-year-old paying ₹50,000/year for a 20-year term with a ₹5 lakh sum assured sees a projected maturity value of about ₹13.89 lakh at an assumed 4% return, or ₹21.90 lakh at an assumed 8% return.
Worth knowing before you decide
- 5-year lock-in applies; no partial withdrawal or surrender is allowed during that period.
- Illustrated 4%/8% returns are not guaranteed and depend on actual market performance of the chosen funds.
- The Return of Mortality Charges benefit is forfeited if the Premium Waiver option is triggered by the proposer's death.
Official source
⌟ Official product brochure
Learn about this category
Read the full ulips explainer → · See all ulip products →