HDFC Life, one of India’s leading life insurers, has launched HDFC Life Click 2 Achieve Par Advantage, a participating life insurance plan designed to help individuals meet financial milestones with liquidity, flexibility, and long-term security.
The plan offers key features such as Policy Continuance Benefit (PCB), which waives future premiums while continuing benefits for nominees in case of the policyholder’s demise. It also provides a customizable Death Benefit Multiple (5x, 7x, or 11x) and a Paid-Up Addition option, allowing customers to convert cash bonuses into encashable benefits. Additionally, it includes life coverage for spouses and tax benefits under applicable laws.
Commenting on the launch, Aneesh Khanna, Head of Products & Segments, HDFC Life, stated, “This product is designed to offer a financial safety net while enabling individuals to achieve their aspirations such as homeownership and children’s higher education.” With a 99.50% claim settlement ratio in FY24, HDFC Life continues to strengthen its position as a trusted insurance provider with customer-centric solutions.
