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I in LIFE stands for Ideal Life Cover

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January 19, 2024

Change, taxes, and death are inevitable in life, but acknowledging and preparing for them in time is vital. As the sole breadwinner of your family, you must ensure financial security for your loved ones so that they can lead a peaceful life even in your absence.

One of the crucial factors when deciding which life insurance to buy is to ascertain the ideal life cover. If you have just started earning then a life cover of INR 1 crore might seem a sufficiently large amount but you need to ask yourself if that amount would be adequate 20 years from now. Prepare yourself by keeping future expenses in mind.

While buying life insurance most individuals tend to overlook several factors such as kids, marriage, inflation, lifestyle expenses, etc. Once you take into account all these factors, you might feel that the cover of INR 1 crore might fall short of meeting the financial needs of your loved ones in the event of your sudden demise.

I in LIFE stands for Ideal Life Cover and HDFC Life’s AdhuraNahi, Pura Insurance campaign focuses on ensuring that you get 100% protection for your family. HDFC Life offers Human Life Value (HLV) calculator, a user-friendly online tool that helps secure your family’s future. By calculating the ideal life cover.

Also Read: Myths About Buying Online Life Insurance

An HLV calculator takes into account basic details such as your current age, desired retirement age, income, future expenses, liabilities, etc. to come up with the ideal life cover amount. Evaluating human life in this way is crucial especially in cases where the policyholder is the sole breadwinner. It identifies how much insurance amount is enough to cover both present and future expenses of the dependents.

Visit the HDFCLife.com website to calculate the ideal sum assured and know your Ideal Life Cover' using the Human Life Value Calculator

ARN: ED/01/22/27402

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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Here's all you should know about life insurance.

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HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Disclaimer

HDFC Life Insurance Company Limited (“HDFCLife”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.

Registered Office: LodhaExcelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: [email protected], Tel No: 1800-266-9777 (10 am to 7 pm). Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website: www.hdfclife.com The name/letters “HDFC” in the name/logo of the company belongs to Housing Development Finance Corporation Limited (“HDFC Limited”) and is used by HDFC Life under an agreement entered into with HDFC Limited.

For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.

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