INSUBCONTINENT EXCLUSIVE:
The critical illness cover increased with the brand-new rebalance optionHDFC Life introduced a term insurance coverage 'Click 2 Protect
Life', through which it provides an unique life and critical disease (CI) rebalance alternative
The new life and critical health problem rebalance option provides protection against important diseases and death by auto balancing life
and the cover with age, according to a current declaration shared by HDFC Life
The non-participating, non-linked term insurance plan deals with the changing needs in various stages of life.In the new choice, the life
cover reduces but the critical health problem cover increases proportionally, on each policy anniversary
Furthermore, upon diagnosis of any of the noted 36 vital health problem conditions, the increased CI amount ensured is paid
all future premiums are waived off and the life cover continues, according to HDFC Life
At the start of the policy, the standard amount ensured is divided in between the life cover and critical illness cover in a ratio of 80:20,
and the overall fundamental amount assured stays the exact same throughout the term policy.Despite the increasing vital disease cover at
every policy anniversary, the premium for the customer stays stable throughout the policy term
Upon death, the suitable death benefit will be paid to the candidate and the choice likewise permits one to get all premiums paid on
survival till the maturity with the 'return on premium add-on'
Quickly altering way of lives have produced a boost in important illnesses like cancer, heart ailments, etc
The cost of treatment for such diseases is generally extremely high and might even result in a financial setback for the whole household,
said Mr Srinivasan Parthasarathy, Chief Actuary-- HDFC Life
It becomes vital to have a policy that can cover the cost of treatment without needing to dip into one's cost savings
The Life and CI Rebalance choice available with Click 2 Protect Life makes it possible for policyholders and their households to be
financially prepared to handle vital diseases, included Mr Parthasarathy
On Friday, September 17, shares of HDFC Life Insurance were last trading 1.51 percent lower at Rs 743.55 each on the BSE
HDFC Life Insurance opened on the BSE at Rs 757.05, touching an intra day high of Rs 759.60 and an intra day low of Rs 741.90, in the
trading session up until now
