HDFC Life launched new childrens plan
Posted on: 28/Apr/2014 3:22:38 PM
HDFC Life has launched `HDFC Life Youngstar Udaan` a children’s plan with money back options.
The HDFC Life Youngstar Udaan plan allows parents to utilse the key formative years of their child to plan for their secure future. The plan is ideal for parents who wish to secure their child’s future keeping in mind critical milestones like education, marriage, setting up of business etc.
"The plan focuses on the aspiration, academic and career aspects of the child’s growth with option to waive future premiums to ensure that various life-stage needs are fulfilled even when the insured parent is not around. By offering pro-active financial planning for children, we aim at helping parents make their children financially independent.”, said,Sanjay Tiwari, Vice-President, Product Development, HDFC Life.
The plan also provides insurance coverage for the policy term even if the premium payments are for a limited period thus protecting a child’s dreams.
