HDFC Life has added a new Regular Income Plan under its savings category, HDFC Life Super Income Plan, which allows clients to choose from six plan options with different term combinations.
HDFC Life Super Income provides guaranteed regular income for a payout period of eight, ten, 12 or 15 years as per plan option chosen, after the end of premium payment term. The new product also offers lump-sum payout at maturity.
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Speaking about the launch, HDFC Life Products vice president Sanjay Tiwari said Super Income Plan will help customers to fulfill multiple needs like planning for child’s education, retirement planning or simply to save for increasing expenses in future.
"This product offers higher death benefit to the customers in line with new regulations and also helps customers to secure their future with Guaranteed Regular Income," Tiwari added.
HDFC Life recently launched 11 traditional plans and ten unit-linked insurance plans under the new product regime.
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