HDFC Life, a leading life insurance provider, has launched a new product called HDFC Life Click 2 Achieve Par Advantage. The product is designed to help individuals achieve their long-term goals and ensure financial security for their loved ones. The product is tailored to fit the specific needs of individuals at different stages of life, from buying a home to sending children to prestigious institutes for higher education.
Aneesh Khanna, Head of Products & Segments at HDFC Life, emphasized that the product is designed to provide flexibility, liquidity, and financial security to individuals who want to create a better future and protect their dreams against uncertainties. The product offers a range of benefits, including a Policy Continuance Benefit (PCB) that waives future premiums in case of the death of the life assured, allowing the nominee or survivor to continue receiving benefits.
The product also offers a Death Benefit Multiple option, which allows customers to choose from three different death benefit multiples: 5x, 7x, or 11x. Additionally, the Paid-Up Addition option allows policyholders to convert partial or the entire cash bonus into paid-up additions, which can be encashed at any time during the policy term. Customers can choose a combination of these options to suit their future needs.
Overall, HDFC Life Click 2 Achieve Par Advantage is designed to provide a comprehensive solution for individuals who want to secure their future and achieve their financial goals, while also protecting themselves against uncertainties with a financial safety net.