HDFC Standard Life, one of the leading private life insurers, today launched protection plan with premium guarantee under the name HDFC Premium Guarantee Plan.
The plan comes with twin advantages of protection and payback of all premiums (paid throughout the term) at the end of the policy term.
"The affordability component makes it a potent product across all demographics. The product has been designed keeping in mind the customers who are not comfortable investing in a market-linked life insurance plan and are looking for a low premium paying protection product," said Paresh Parasnis, executive director and COO, HDFC Standard Life.