Life Insurance

Life Insurance

Certification : IRDA certification since January 2001

Representing : HDFC Standard Life Insurance Company since January 2001.

HDFC Life Logo

We have chosen to represent HDFC LIFE to offer their Life Insurance products to our clients. Established in 2000, HDFC Life is a leading long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health.

Just remember to ask yourself:
  • Am I ADEQUATELY covered ?
  • Is having a nominal Life Cover good enough for any eventuality ?
  • Should I only look at Life Insurance for tax saving purposes ?
  • Are my Insurance Savings earning better returns than the Inflation rates ?

 

If you have answered NO to any of the above points, then you should without fail immediately contact us for helping you be better informed and covered for something as precious as your LIFE.

Why Do I Need Life Insurance

Life insurance is designed to protect you and your family against financial uncertainties that may result due to unfortunate demise or illness. You can also view it as a comprehensive financial instrument – as a part of your financial planning offering you savings & investment facilities along with cover against financial loss. By choosing the right policy as per your needs i.e. customised solutions, you will be able to plan for a secure future for yourself and your loved ones.

Choosing the Right Plan

Identifying the right plan on the basis of your needs is the first crucial step towards insurance planning. At HDFC SL we help you through this decision by identifying your various needs and offering plans that are customised for you. You may also choose a plan for yourself by identifying the life stage you are at.

Analysing Needs

What is your need?

  • Protection
    Need for a sound income protection for your family in case of your unfortunate demise
  • Investment
    Need to ensure long-term real growth of your money
  • Saving
    Save for the milestones and protect your savings too
  • Pension
    Need to save for a comfortable life post retirement

 

Once you have analysed your needs as per above classification, you need to then ascertain important factors such as type of cover, insurance amount as per one's income, life stage and dependents. It is difficult to arrive at all these figures yourself. Our financial consultants can help you with all the analysis to offer a customised solution by doing a thorough need-based analysis.

Life Stages

Your insurance need will change as your life does, from starting your career to enjoying your golden years and all the stages in between. Each one of these stages may pose a different insurance need/cover for you. In this section, we have drawn up the basic life stages and help you analyse various insurance needs accordingly. Please click here to get in touch with our financial consultant to know more about our products.

STAGE 1 - Young and Single

An important stage where one lays down the foundation of a successful life ahead. Take advantage of the time and power of compounding to ensure that you build up your dreams. Start saving early.

Your needs
  • Save for a home and wedding
  • Tax Planning
  • Save for Golden years
STAGE 2 - Just Married

Marriage brings about a significant change. New dreams and new opportunities also bring in additional responsibilities. While both of you look forward to a happy and secure life, it is equally important to ensure that eventualities don't come in the way of shaping your dreams.

Your needs
  • Planning for home / securing your home loan liability
  • Save for vacation
  • Save for your first child
STAGE 3 - Proud Parents

Once you have children, your need for life insurance is even more. You need to protect your family from any untoward incident. Ensure your protection umbrella takes into account the future cost of securing your child's dream. You will want life to go on for your loved ones, and having enough life insurance is a way to help ensure that.

Your needs
  • Provide for children's education
  • Safeguarding family against loan liabilities
  • Savings for post-retirement
STAGE 4 - Planning for Retirement

While you are busy climbing the ladder of success today, it is important for you to take time and plan for your life after retirement. Having an early start for retirement planning can make a significant difference to your savings.Think about your golden years even before you have reached them. The key is to think ahead and plan well, using your time and money.

Your needs
  • Provide for regular income post retirement
  • Immediate tax benefits
  • Lead a secure, independent and comfortable life style in your retirement years