HDFC Life Click 2 Protect 3D Plus now offers life cover till the age of 85 years
One
of the most flexible and customizable protection plans available
Nine
options covering Death, Disease & Disability (“3D”)
In
line with customer needs, maximum age at maturity now increased from 75 to 85
years for popular options, no maximum policy term limit
Mumbai: HDFC Life Insurance Company, one of India’s leading
private life insurers has announced launch of the enhanced version of its award-winning
term product, Click 2 Protect 3D Plus. As
part of its regular product related research, the Company identified the need
for term cover up to a higher age. Keeping this requirement in mind, especially
with the increasing awareness of term products amongst the younger population,
the Company increased the maximum Term for Click 2 Protect 3D Plus to “85 minus
age of entry” for popular options like Life Option; Extra Life Option; 3D Life
Option. For the Return of premium
option, the maturity age has been increased to 85 years from 75 years.
With
changing needs and an increase in life expectancy due to better medical
facilities and improved quality of living, today, Indians are living longer
than they did before. This means the need for protection continues even after
retirement. Furthermore, this can also be looked at from a legacy planning
point of view. Click
2 Protect 3D Plus is one of HDFC Life’s flagship products and is a
comprehensive one covering death, diseases and disability through 9 options. This
enhanced product is available across all its platforms and channels.
Srinivasan
Parthasarathy, Sr. EVP, Chief Actuary & Appointed Actuary, HDFC Life
said, “When it comes to products,
innovation has been the mantra for HDFC Life. We launched C2P 3D Plus at a time
when there was a strong need for a comprehensive term insurance plan. With
changing customer needs, we introduced enhanced features to make the plan more
attractive and customer-friendly. This enhancement of life cover till the age
of 85 years will work well for the younger customers who want to purchase
protection at an early age and reap the benefits of lower premiums for the
entire term.”
About HDFC Life: HDFC Life Insurance
Company Limited (formerly HDFC Standard Life Insurance Company Limited) ('HDFC
Life' / ‘Company’) is a joint venture between HDFC Ltd., India’s leading
housing finance institution and Standard Life Aberdeen, a global investment company. Established in 2000,
HDFC Life is a leading long-term life insurance solutions provider in India,
offering a range of individual and group insurance solutions that meet various
customer needs such as Protection, Pension, Savings, Investment, Annuity and Health. As on June 30, 2019,
the Company had 38 individual and 11 group products in its portfolio, along
with 8 optional rider benefits, catering to a diverse range of customer needs.
HDFC Life continues
to benefit from its increased presence across the country having a wide reach
with 421 branches and additional distribution touch-points through several new
tie-ups and partnerships with over 270 partners comprising NBFCs, MFIs, SFBs,
etc and including more than 40 new-ecosystem partners. The Company has a strong
base of financial consultants. website, www.hdfclife.com
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