HDFC Life, a leading insurance provider, has launched a new product called HDFC Life Click 2 Achieve Par Advantage, designed to help individuals achieve their long-term goals and provide financial security for their loved ones. The product is designed to cater to various life stages, such as buying a home, sending children to prestigious educational institutions, and securing a financially secure future.
According to Aneesh Khanna, Head of Products & Segments at HDFC Life, the product is designed to offer flexibility, liquidity, and financial security. He emphasized that every individual has dreams and goals, and this product aims to help them achieve those goals while providing a financial safety net to protect against uncertainties.
The HDFC Life Click 2 Achieve Par Advantage offers several benefits, including:
1. Policy Continuance Benefit (PCB): If the life assured passes away, future premiums are waived, and the death benefit is paid out as a lump sum, allowing the nominee or survivor to continue receiving the policy benefits.
2. Death Benefit Multiple: Policyholders can choose a customised Death Benefit multiple (5x, 7x, or 11x) to suit their needs.
3. Paid-Up Addition: Policyholders can convert partial or full cash bonus into Paid-Up Additions, which can be encashed at any time during the policy term.
The product allows customers to choose any combination of these options to suit their future needs. With HDFC Life Click 2 Achieve Par Advantage, individuals can achieve their long-term goals, protect their dreams, and provide financial security for their loved ones.