HT Bureau
GUWAHATI, March 1: HDFC Life launched HDFC Life Guaranteed Income Insurance Plan that provides guaranteed, regular, tax-free benefits and guaranteed death benefits. The new plan provides a guaranteed income of 11% to 13% annually as a percentage of the Sum Assured under the policy. The new plan also offers a discount on first-year premium for online purchases; a discount of 12% for 8 and 10 years of a premium payment term (PPT) and a discount of 15% for 12 and 15 years of PPT. Further, the guaranteed death benefit can be availed of either in a lump sum or in monthly installments as a family income benefit option.
Speaking on the launch Aneesh Khanna – head of products & segments, at HDFC Life said, “At HDFC Life, we aim to ensure financial security for our policyholders and their loved ones. Life insurance as a product category provides the dual benefits of protection and long-term savings. HDFC Life Guaranteed Income Insurance plan offers guaranteed returns and secures policyholders from future uncertainties. The plan offers a choice of premium payment terms and life cover even during the income payout phase. We hope individuals make the most of this plan and build a corpus and a financial safety net for themselves and their families.”
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