Whole Life Plans at HDFC Standard life Insurance

Insurance has become a necessity, particularly in India where most families are dependent on a single earning individual. Further, since there is no social security available in India, the financial interests of the family have to be protected through other sources. Whole life insurance policies are designed to provide lump sum payments to a family in the event of the death of the insured person.

Unlike term insurance, a whole life insurance policy covers you for your entire life and not just for a specific period of time.

Benefits:

The policy stays in force as long as the insured individual continues to live and benefits remain constant during the entire coverage period of the policy.

There is no need to undergo future medical examination once the policy is in force.

There is also an element of tax-saving in these policies.

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