HDFC Life, the life insurance company, has launched ProGrowth Flexi, a Unit Linked Insurance Plan (ULIP) with minimum monthly premium of Rs 2500.
The company, in a statement said, "A highly affordable product, HDFC SL ProGrowth Flexi comes with 30-day Free Look-in, flexible premium payment options, five investment funds, and the flexibility to change premium paying term."
Amitabh Chaudhry, MD and CEO, HDFC Life, said, “The product offers several flexibilities to customers that can be chosen based on their needs and appetite. Apart from the normal life cover, HDFC SL ProGrowth Flexi also provides extra life cover with accidental death benefits option.”
The premium payment for the plan is yearly, half-yearly and monthly and has five invesment funds, namely; Short Term Fund, Income Fund, Balance Fund, Blue Chip Fund, and Opportunities Fund.
