Edited By: Namit Singh Sengar
Last Updated: February 25, 2023, 13:12 IST
The entry age for the plan ranges from 0 (zero) to 65 years. (Representative picture)
The plan supplies life cowl even throughout the earnings payout part
Private life insurer HDFC Life immediately introduced the launch of HDFC Life Guaranteed Income Insurance Plan. The firm stated that this product supplies assured, common, tax-free advantages and assured dying profit.
With this the corporate is offering a chance for patrons to construct a monetary corpus that might help them by means of common and assured earnings, the corporate stated in a press assertion.
What is HDFC Life Guaranteed Income Insurance Plan all about?
HDFC Life Guaranteed Income Insurance Plan is a non-linked non-participating particular person life insurance coverage financial savings plan. According to the corporate, the plan supplies assured tax-free advantages after completion of premium fee time period and assured dying profit throughout your complete coverage time period and this can be a financial savings oriented product.
Also Read: This LIC Policy Offers Special Premium Rates For Women And Non-Smokers; Check Details Here
As per the data offered by the corporate, the next advantages are a part of the brand new product;
- The entry age for the plan ranges from 0 (zero) to 65 years
- The plan supplies a assured earnings of 11% to 13% yearly as a proportion of the ‘Sum Assured’ below the coverage
- This is a non-participating life insurance coverage plan
- Discount on first yr premium is offered for on-line buy; low cost of 12% for 8 and 10 years of premium fee time period (PPT) and a reduction of 15% for 12 and 15 years PPT
- The plan supplies life cowl even throughout the earnings payout part
- Individuals can select the earnings interval of 8, 10, 12, 15, 20, 25 or 30 years
- Guaranteed dying profit may be availed of both in lump sum or in month-to-month installments as a household earnings profit choice
Aneesh Khanna, head merchandise and segments, HDFC Life, stated, “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 term and life cover even during the income payout phase. We hope individuals make the most of this plan and build a corpus along with a financial safety net for themselves and their families.”
Read all of the Latest Business News right here
