HDFC Life, a leading private life insurer, has launched HDFC Life Click 2 Achieve Par Advantage, a participating life insurance plan designed to provide liquidity, flexibility, and financial security for individuals across various life stages.
The plan offers 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 choose a customizable Death Benefit Multiple (5x, 7x, or 11x) and leverage the Paid-Up Addition option to convert cash bonuses into encashable benefits. Additional features include life coverage for spouses and tax benefits under prevailing laws.
According to Aneesh Khanna, Head of Products & Segments, HDFC Life, “This product is tailored to meet the evolving financial needs of individuals, helping them achieve aspirations like homeownership and children’s education while securing their family’s future.” With a 99.50% claim settlement ratio in FY24, HDFC Life continues to reinforce its leadership in the insurance sector with innovative, customer-focused solutions.