Benefits Of Insurance – Need Of Life Insurance by HDFC Life

Benefits Of Insurance – Need Of Life Insurance by HDFC Life

by Rama K

Life insurance policy has its own significance in every individual life. Whether it is about achieving the ultimate financial goal or securing the future of your loved ones, life insurance policies is a one-stop solution for all the insurance needs. With the burgeoning popularity of life insurance policy, there are wide ranges of insurance policies offered by various insurance companies.

If we talk about some of the best market players of insurance policies then HDFC Standard Life Insurance policy top the list. In order to cater the requirements of the insurance seekers, HDFC Standard Life Insurance Company offers a wide range of insurance policy to satisfy the demands of the customers. With a wide range of insurance policies available under HDFC Life Insurance, the buyers can gain manifolds of benefits through these policies.

Further, in this article, we have elaborately discussed some of the benefits offered by HDFC Life Insurance

Fulfills the Future Financial Goal

HDFC Standard Life Insurance is an excellent vehicle to fund the ultimate financial goal of an individual. One of the major reasons behind this is because the insured can be rest assured that even in case of unfortunate demise of the policy holder the sum assured amount will fulfil the future financial requirements of the beneficiary of the policy holder.

Tax Benefit

Apart from providing a certainty and financial backup to the insured person, HDFC Standard Life Insurance is also tax efficient. The insurance buyers can save bundles on taxes as the maturity benefit and the premium paid are eligible for tax exemption under section 80C and 10(10D) of Income Tax Act.


HDFC Standard Life Insurance also provides flexibility to choose from a wide range of products. Especially, the ULIP plans provide flexibility of both specific risk appetite and asset allocation according to the suitability of the insured, duration of the policy, the tenure of premium payment and fund switching options. Moreover, depending upon the various aspects like the risk ability of the insured, the rate of return required and the tenure of the policy needed, a wider option of policies is offered by HDFC Standard Life Insurance.

Financial Security

Apart from providing flexibility and wide options of policies to choose, HDFC Standard Life Insurance also provides financial security with the family of the insured. It covers all the contingent liabilities like critical illness, hospitalization, debt redemption in most cost-effective manner. Under term insurance policy offered by HDFC Standard Life Insurance, a death benefit is offered to the beneficiary of the policy as the total sum assured amount along with the bonus facility, if any in case of uncertain demise of the insured person.

Moreover, many term insurance policies provide an option of rider benefits like accidental death benefit rider and critical illness rider, which can be brought along with the basic coverage offered by the policy.

Retirement Planning

Life insurance policies are one of the most efficient tools for retirement planning. The retirement plans offered by HDFC standard life insurance provides a continuous flow of income and safeguard the financial future of the individual even after the retirement. The pension plan helps to create corpus during the days of employment and provides a lump sum on retirement and annuity.

With so many benefits offered by HDFC Standard Life insurance, the insurance seekers can choose the most beneficial plan according to one’s own requirements and suitability.

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