HDFC Life, one of India’s leading life insurance providers, has announced the launch of HDFC Life Click 2 Achieve Par Advantage, a participating life insurance plan designed to provide financial security, flexibility, and liquidity to policyholders.
The plan includes Policy Continuance Benefit (PCB), which ensures that in the event of the policyholder’s demise, future premiums are waived while benefits continue for the nominee. Customers can also select a customizable Death Benefit Multiple (5x, 7x, or 11x) and utilize the Paid-Up Addition feature, allowing conversion of cash bonuses into encashable benefits. The product also offers life coverage for spouses and tax benefits under applicable laws.
Aneesh Khanna, Head of Products & Segments, HDFC Life, commented, “This plan has been crafted to meet the evolving needs of individuals at different life stages, helping them achieve milestones like homeownership and higher education for their children while ensuring financial protection.” With a 99.50% claim settlement ratio in FY24, HDFC Life reaffirms its commitment to providing innovative, customer-centric insurance solutions.
