HDFC Life launches 'Life Pragati' policy
HDFC life, private life insurance company, launched HDFC Life Pragati, with the potential to take life insurance within the reach of every single household and financially secure every single individual in the country. HDFC Life Pragati is a traditional life insurance plan that has been specifically designed to empower low income families. The ‘with profit’ life-cover helps savings grow with guaranteed premium returns.
With Pragati, HDFC Life wants to offer the dual benefit of systematic savings (with guaranteed premium returns) and wholesome life protection, making it an ideal financial product for every Indian household. It not only enables them to fulfill future life stage needs but provides the safety protection net from uncertainties of life.
On the occasion of the launch Sujoy Manna, VP-Products at HDFC Life said “Almost half the population in India belongs to the lower income group, aspiring to enhance their quality of life and secure the financial future of their family. The priority of this consumer segment is children’s education and to secure future financial security for their family. With this insight we aimed to offer a product that will help the customer reap the dual benefits of systematic savings and protection, without making a significant dent in their monthly income.” (EOIC)