HDFC Life Term Insurance Plans - Introduction of New Options

Prakala Wealth Management continuously advise their customers to have enough term life insurance cover. This is particularly true for those who are earning currently and below retirement age.

Each of us should have at least 20 times of our annual income as term life insurance. For example a person earning Rs. 3 Lacs per annum should have a term life cover of Rs. 60 Lacs at the least.

While choosing term life insurance, it is important to see three parameters:

1.       Stability and reputation of insurance company

2.       Cost of the term life cover

3.       Claim Settlement ration

In all the above parameters HDFC Life ranks high. Currently HDFC Life has come out with new options in term life cover and has reduced the rates a tad lower. Currently available options are:

1.       Life Option (If you are taking 1 Crore insurance, your life is covered for Rs. 1 Crore)

2.       Extra Life Option (If you are taking 1 Crore insurance, your life is covered for 2 Crores in case of accidental death and for Rs. 1 Crore in case of death due to all other reasons)

3.       Income Option (Part of the Death benefit as a Lump sum with the remaining payable in form of monthly income over a period of 15 years)

4.       Income Plus Option (100% of Sum Assured is paid on death and a monthly income equal to 0.5% of Sum Assured becomes payable for a period of 10 years. The monthly income can be level or increasing at 10% p.a. as chosen by the policyholder)

Other features include:

·         Cover up to the age of 75 years

·         Step-up option available (you can increase your insurance cover on certain key milestones of your life such as marriage, birth of first child and second child) without medicals

·         Lower premium for non-tobacco users

·         Tax benefit under section 80C

·         Regular, limited, and single premium payment options available

·         Single, annual, half-yearly, quarterly and monthly frequencies are available under this product

·  NRIs/ PIOs  can also take this Insurance.

If you would like to take term life insurance cover or would like to review your existing cover, please give a call at 044 - 4202 0942, 044 -  4207 3710 or send an e-mail.

For more Details

Mr. Chokkalingam Palaniappan

Direcetor.

Prakala Wealth Management Pvt. Ltd.

2/102, Third Street (First Floor) 

Karpagam Avenue, RA Puram

Chennai – 600 028, India 

Tele:   044 4202-0942, 044 4207-3710

www.prakala.com

 prakalawealth@gmail.com

     

An alternate number to reach us: 917-693-9055

Prakala Wealth Management Offerings: 

Wealth Management • Financial Advise & Planning • Strategy & Business Consulting • Portfolio Restructuring • Mutual Funds • Share/ Stock Investments • Brokerage & Demat Accounts • Term Life Insurance • Health Insurance • General Insurance • Fixed Deposits • Cumulative Deposits • Capital Gains Tax Exempt Bonds • Tax Free Bonds • Recurring Deposits • Infra Bonds •  Corporate Bonds • PAN Application

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