Why do I need Protection Plans?
Protection Plans help you shield your family from uncertainties in life due to financial
losses in terms of loss of income that may dawn upon them incase of your untimely
demise or critical illness. Securing the future of one’s family is one of the most
important goals of life. Protection Plans go a long way in ensuring your family’s
financial independence in the event of your unfortunate demise or critical illness.
They are all the more important if you are the chief wage earner in your family.
No matter how much you have saved or invested over the years, sudden eventualities,
such as death or critical illness, always tend to affect your family financially
apart from the huge emotional loss.
For instance, consider the example of Amit who is a healthy 25 year old guy with
a income of Rs. 1,00,000/- per annum. Let's assume his income increases at a rate
of 10% per annum, while the inflation rate is around 4%; this is how his income
chart will look like, until he retires at the age of 60 years. At 50 years of age,
Amit’s real income would have been around Rs. 10,00,000/- per annum. However, in
case of Amit’s unfortunate demise at an early age of 42 years, the loss of income
to his family would be nearly Rs. 5,00,000/- per annum.
However, with a Protection Plan, a mere sum of Rs. 2,280/- annually (exclusive of
service tax & educational cess) can help Amit provide a financial cushion of up
to Rs. 10,00,000/- for his family over a period of 25 years.
Types of Protection Plans
Our range of Protection Plans includes
| HDFC Term Assurance Plan |
| HDFC Loan Cover Term Assurance Plan |
| HDFC Home Loan Protection Plan* |
Let Us Help You Choose The Right Plan For You
Do you want your family to be?