HDFC Life’s new insurance plan offers guaranteed income of up to 13% per annum

Anish Khanna – Head of Products & Segments, HDFC Life said, “At HDFC Life, we aim to ensure financial security for our policyholders and their loved ones. Insurance As a product category, it offers the twin benefits of safety and long-term savings.”

Khanna said, “HDFC Life Guaranteed Income Insurance Plan provides guaranteed returns and security policy holders from the uncertainties of the future. The plan offers premium payment terms and life cover option even during the income generation phase. We hope that people will take maximum advantage of this scheme and create a corpus as well as a financial safety net for themselves and their families.”

This new insurance plan from HDFC Life offers a discount on the first year’s premium for online purchases. There is also a rebate of 12% for 8 and 10 years of the Premium Paying Term (PPT) and 15% for 12 and 15 years PPT.

In addition, the plan offers life cover during the income payment phase as well.

The policyholder will have the option to choose an income term of 8, 10, 12, 15, 20, 25 or 30 years.

Additionally, the policy offers guaranteed death benefit as a family income benefit option either in lump sum or in monthly instalments.

The entry age for the scheme ranges from 0 (zero) to 65 years.

It needs to be noted that this is a non-participating life insurance plan.

The HDFC-backed life insurance arm continuously strives to offer products that meet the needs of individuals at different stages of life. With HDFC Life Guaranteed Income Insurance Plan, the company is providing customers with an opportunity to build a financial corpus that will support them through regular and guaranteed income.

HDFC said, life insurance is a necessity for every individual with responsibilities and long-term financial goals. HDFC Life Guaranteed Income Insurance Plan can be able to meet these goals.