Mumbai 28th August:- HDFC Life Insurance Company, one of India’s largest private life insurers today announced the launch of HDFC Life Classic One, a single premium ULIP plan which offers the dual benefits of creating wealth through potentially high returns, along with financial protection in the form of life cover.
Salaried as well as self-employed individuals sometimes come across a financial surplus. This could be in the form of a bonus, through maturity of a financial plan or a sudden wealth gain. Choosing the right financial instrument for investing a surplus of this kind can be difficult. There are very few instruments available today, which offer the flexibility to maximise gains from market movements, while also offering a life cover of 10 times of the single premium paid.
HDFC Life Classic One has been specially designed to address this need. This product offers individuals the opportunity to invest in a market-linked plan through a single-premium payment and stay invested for the long-term. It provides policyholders with nine fund options across debt, equity and balanced fund platforms.
This unique product also allows for unlimited free switches between the funds, thereby enabling customers to maximise their investments.
The product suite of HDFC Life has products belonging to traditional, ULIP, pension and health categories, designed to meet the rapidly changing needs of Indian consumers. Each product is developed after a detailed research in terms of consumer needs, available options and the benefit of the product over the long-term.