HDFC Life, one of India’s leading life insurance companies has launched Endowment Gain, a ‘with profit’ traditional product.
Endowment Gain is being offered in a highly affordable regular premium version combining the benefits of savings and insurance.
Paresh Parasnis, ED & COO, HDFC Life, said, “We design products that are in line with our customer centric approach. HDFC SL Endowment Gain is a need-based, flexible, and affordable life insurance product providing value to the customers. HDFC SL Endowment Gain provides the flexibility in premium paying frequency – monthly, quarterly, half-yearly and annual – along with two Optional Benefits - Critical Illness and Accidental Death Benefit riders. Premiums paid are, of course, eligible for tax benefits under Section 80C and Section 10 (10D). Benefit can also be availed under Section 80D in case the customer opts for the Critical Illness rider.”
“With increasing awareness on financial planning, individuals are seen to be proactive in preparing well in advance to safeguard the important milestones in their lives. HDFC SL Endowment Gain is one such affordable life insurance product that would encourage customers to own a life insurance product at an early stage in their lives,” Mr. Parasnis added.
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