The pioneer in Life Insurance, HDFC Standard Life Insurance unfolds the 5 real reasons to buy Life Insurance

The pioneer in Life Insurance, HDFC Standard Life Insurance unfolds the 5 real reasons to buy Life Insurance

We all put efforts to make future secured and safe but none of us are sure what is stored for us in future, even in the near most moments to come. While this poses a huge uncertainty, we still can have some plans for future to cope up and sustain through the unforeseen situation that might arise, however much tough it might be. An unexpected death of the earning member of the family brings the functionality of the family to a collapse due to the financial dependence on that person. To reduce these types of adversities, life insurances with its different customer-friendly variants come as a much-needed relief to the immediate family of the deceased person.

HDFC Standard Life Insurance is the joint collaboration between Indian company HDFC Limited and the United Kingdom counterpart of Standard Life Group. Since its inception in 2000, HDFC Standard Life Insurance has managed to grow tremendously and attained a significant position in the insurance market in India. It operates through 568 branches and caters 700 cities across India. The company offers a diverse range of life insurance plans, either individual or group insurances which can very well cater the diverse needs of the customers like Protection, Retirement, Health, child and Investment plans.

5 Types of Insurance Plans that you must have :

Diverse Product Ranges of life HDFC Standard Life Insurance covers 5 important aspects of life. These are :

1. Protection Plan – this includes two comprehensive term products :

  • HDFC Life Click 2 Protect 3D Plus – This covers 3 ‘D’s– death, disease, and disability and there are nine options to select from. It gives protection for major milestones at different stages of life
  • HDFC Life Click 2 Protect Plus – Affordable life coverage with 4 options to select. It has add-on riders

Both the plans are having Tax Benefits under Section 80C and 10D

2. Retirement Plans – this has three products to reach the retirement goals with different options:

  • HDFC Life Click 2 Retire – It is a Unit-linked plan for pension and available online. Entry and Maturity ages are 18 and 45 years respectively. This plan has tax benefit under Section 80C and 10A
  • HDFC Life Guaranteed Pension Plan – the lump sum amount of vesting benefit could be availed as well as the assured benefit upon death. The premium could be paid for 5, 7 or 10 years term. This product has tax benefit under Section 80CCC
  • HDFC Life Personal Pension Plus – This is the conventional Pension Plan that has tax benefits under Sections 80C and 10A. Customer can choose the term as well as the frequency of premium payment

3. Health Plans – include two products to support in emergencies :

  • HDFC Life Easy Health – This is a fixed benefit plan for health insurance that covers 18 illnesses and 138 surgical procedures with the benefits of daily hospital costs for individual or group health plans
  • HDFC Life Cancer Care – This has three options to select from. This gives lump sum benefit as well as tax benefit under Section 80D

4. Child Plan – Two products under this is designed to support the child of the insured for any future eventuality.

  • HDFC Life YoungStar Udaan — This plan is ideal if parents keep the academic plan of the child in mind. The plan has options for 3 maturity benefits and two death benefits to select from and has tax benefit under Section 80C and 10D
  • HDFC Life YoungStar Super Premium – this is the unit-linked plan that helps to build savings for the education and marriage of the child. There are 4 plans to choose from and gives flexible sum assured benefit and tax benefit under Sections 80C and 10D

5. Investment Plans – Three different plans with multiple options in each plan to select and this gives the investment and saving benefits for the insured.

  • HDFC Life Click 2 Invest ULIP – Online plan linked with market returns. This has minimal charges and gives 8 options to choose from with flexibility of policy terms and premium payment terms. Tax benefit under Sections 80C and 10D
  • HDFC Life Uday – gives guaranteed bonuses and additions along with lump sum benefits in case of death. Comes with option of multiple terms
  • HDFC Life Sampoorn Samridhi Plan – Having options for maturity benefits and premium payments. Tax benefits under Section 80C and 10D

These aforementioned plans cover the five most important aspects of life. These along with some combo plans and plan targeted specifically for women makes the HDFC Standard Life Insurance a unique provider to consider. Their multichannel network like Bancassurance partners, agents, brokers, direct channels and online presence makes it highly customer friendly and a pioneer in the insurance industry.

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