HDFC Life has launched a Unit Linked Insurance Plan
HDFC Life, the life insurance company, has launched a Unit Linked Insurance Plan (ULIP) known asProGrowth Flexi and this is with minimum monthly premium of Rs 2500.
Commenting on this new product, Amitabh Chaudhry, MD and CEO, HDFC Life, said, “The product offersseveral flexibilities to customers that can be chosen based on their needs and appetite. Apart from thenormal life cover, HDFC SL ProGrowth Flexi also provides extra life cover with accidental death benefitsoption.”
The premium payment for the plan is yearly as well as half-yearly and monthly. Moreover, it has fiveinvestment funds namely; Short Term Fund as well as Income Fund, Balance Fund, Blue Chip Fund, andOpportunities Fund.
HDFC Standard Life last year in September had launched a new insurance cum investment (unit linked)plan with highest NAV Guarantee named as HDFC SL Crest that offers another unique feature – theflexibility to opt for highest NAV backed with minimum guaranteed NAV of Rs 15 on maturity of thecontract.