HDFC Life offers HDFC Life Guaranteed Income Insurance Plan to provide customers with regular and guaranteed income to build a financial corpus. Life insurance is a necessity for every individual with responsibilities and long-term financial goals. HDFC Life Guaranteed Income Insurance Plan can enable fulfillment ofthese goals.
The plan provides guaranteed income of 11% to 13% annually as a percentage of the Sum Assured under the policy. Discounts on first year premium are available for online purchase; discount of 12% for 8 and 10 years of premium payment term (PPT) and 15% for 12 and 15 years PPT. Individuals can choose the income period of 8, 10, 12, 15, 20, 25 or 30 years.
Guaranteed Death Benefit can be availed of either in lump sum or in monthly installments. Entry age ranges from 0 to 65 years. This is a non-participating life insurance plan. Speaking on the launch Aneesh Khanna – Head Products & Segments, HDFC Life said, “We hope individuals make the most of this plan and build a corpus along with a financial safety net for themselves and their families.”