HDFC Life Unveils Click 2 Achieve Par Advantage
HDFC Life has recently rolled out its newest insurance offering, the HDFC Life Click 2 Achieve Par Advantage. This insurance plan is designed as a participating product, carefully crafted with the various milestones and aspirations an individual experiences throughout life.
People often want quick access to their funds for short-term needs, flexibility in their financial planning, and a safety net for the future as they save for their goals. Click 2 Achieve Par Advantage addresses these needs with key features.
Here are the main features of the HDFC Life Click 2 Achieve Par Advantage:
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Policy Continuance Benefit (PCB): In the event of the life assured’s passing, this feature cancels any future premium payments. The death benefit is paid out immediately as a lump sum, while the plan’s benefits proceed for the beneficiary or survivor.
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Choice of Death Benefit Multiple: Customers can select a custom death benefit multiple. Options include 5x, 7x, or 11x, letting clients customize the plan to their particular needs.
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Paid Up Addition: With this feature, you can transform part or all of the cash bonus into paid-up additions that can be cashed out anytime during the policy term.
Clients have the ability to pick and choose any combination of these options to align with their future requirements. Apart from providing life insurance, ensuring the family’s financial security, the plan provides:
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Additional Life Coverage: An option to extend coverage to one’s spouse.
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Tax benefits: Subject to the individual’s eligibility based on current tax laws.
Life insurance is vital for all working individuals with financial obligations. HDFC Life has a history of innovation in the life insurance industry. They provide adaptable products that adapt to the changing demands of Indian consumers.
Aneesh Khanna, who is the Head of Products & Segments at HDFC Life, said this about the new product: “We at HDFC Life believe that insurance products need to match each individual’s specific needs, including their age, life stage, current income, and plans for the future. Everybody hopes to secure finances for their family and to reach goals like home ownership, higher education for their kids, and so on. These objectives require extended planning, with an instrument that offers adaptability, liquidity, and financial protection. HDFC Life Click 2 Achieve Par Advantage provides a solution for those striving for a better tomorrow and seeking to guard their dreams against life’s uncertainties with a financial buffer.”
