HDFC Life Launches Guaranteed Income Insurance Plan; Know Key Details Here

Private life insurer HDFC Life today announced the launch of HDFC Life Guaranteed Income Insurance Plan. HDFC Life Guaranteed Income Insurance Plan is a non-linked non-participating individual life insurance savings plan. As per the information provided by the company, the following benefits are part of the new product; The entry age for the plan ranges from 0 to 65 years The plan provides a guaranteed income of 11% to 13% annually as a percentage of the ‘Sum Assured’ under the policy This is a non-participating life insurance plan Discount on first year premium is available for online purchase; discount of 12% for 8 and 10 years of premium payment term and a discount of 15% for 12 and 15 years PPT The plan provides life cover even during the income payout phase 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 as a family income benefit option Aneesh Khanna, head products and segments, HDFC Life, said, “Life insurance as a product category provides the dual benefits of protection and long-term savings. HDFC Life Guaranteed Income Insurance plan offers guaranteed returns and secures policyholders from future uncertainties.