HDFC Life has launched a new participating life insurance product called HDFC Life Click 2 Achieve Par Advantage. This product is designed to support financial goals at different life stages, offering early liquidity, flexibility, and long-term financial security. Policyholders can customize benefits based on their needs, including the option to extend life coverage to a spouse and select a death benefit multiple of 5x, 7x, or 11x.
The plan includes a Policy Continuance Benefit (PCB), which waives future premiums in the event of the policyholder’s death, pays out a lump sum death benefit, and allows the nominee to continue receiving policy benefits. Policyholders can also convert partial or full cash bonuses into Paid-Up Additions, which can be encashed at any time during the policy term.
In addition to these features, the plan provides tax benefits as per prevailing laws. Overall, HDFC Life Click 2 Achieve Par Advantage offers a comprehensive and flexible life insurance solution, allowing policyholders to achieve their long-term financial goals while providing peace of mind and protection for their loved ones.
The plan’s features and benefits make it an attractive option for individuals looking for a participating life insurance policy that offers a range of flexibility and customization options. With its commitment to providing customer-centric solutions, HDFC Life is poised to revolutionize the life insurance industry with this new product.
If you’re interested in learning more about HDFC Life Click 2 Achieve Par Advantage or other products and services offered by HDFC Life, please visit their website or contact a licensed insurance professional. Don’t miss out on this opportunity to achieve your financial goals while securing your future.