HDFC Life has introduced a new life insurance product, HDFC Life Click 2 Achieve Par Advantage, aimed at supporting financial goals throughout various life stages. The launch highlights the company’s commitment to provide adaptable insurance solutions.
The plan is designed to provide early liquidity, flexibility, and long-term financial security, allowing policyholders to tailor their benefits based on their individual needs. This includes a Policy Continuance Benefit (PCB), ensuring that future premiums are waived in case of the policyholder’s death. Additionally, a lump sum death benefit is paid out, and the nominee continues to receive policy benefits.
The product also offers a Death Benefit Multiple option of 5x, 7x, or 11x and allows the conversion of partial or full cash bonuses into Paid-Up Additions, which can be encashed at any point during the policy term. Furthermore, the plan includes the option to extend life coverage to a spouse and provides tax benefits, as per prevailing laws.
This launch aligns with HDFC Life’s strategy to expand its product offerings. The new plan emphasizes the company’s focus on innovation and customer-centric financial solutions.
Published 55 minutes ago
