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Insurance combi plans - why settle for anything less?

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October 16, 2018
The insurance plans and their diversity was a big factor that earlier made the market complex. As such earlier, it required a lot of deliberation and study to find the right kind of cover for securing your finances and meeting your specific needs. However, with the changing requirements and demands, there has been a revamp in the insurance sector and buying a plan has become a lot simplified than it previously was.

Insurance covers all your needs - from the benefits of assured income in case of any contingency to the gains that you can reap after your retirement. Be it any specific plans of expenditure or any long-term financial goal, insurance schemes in different forms seek to safeguard you at all times against any kind of mishap. However, keeping in view the value of fiscal core strength and how it impacts the customers, insurers now-a-days have started offering the combined benefits of two policies as a singular, packaged product that saves you from unnecessary hassles and nuisances of hunting for different policies from different agencies.

However, staying informed and updated about the latest trends is very important. Equally important is understanding the difference between a "Combo" plan and a "Combi" plan is very important in this regard. When a company offers two or more products in a single deal, it is referred to as a combo plan and when two different insurers join hands to offer two or more different products as a single solution, it becomes a combi-plan. Specific insurance plans are highly beneficial and the combination plans compliment the provided benefits in a broad manner. The range of benefits that results form combi-plans is extensive - why must you settle for anything less?

Investment plan is very important while deciding on the plan that you intend to buy. Different insurers may offer ranging benefits and this is what makes combi plans so attractive. In addition to being a convenient way (as it allows you to save your time and energy by following a minimal documentation), a combi plan saves you from the burden of seeking detailed comparisons to know what is best suited for you and your family's needs. This makes is all the more important for you to check the premiums on offer, the cover as per your needs, the terms of maturity and capital benefits. All this information is available online and as such requires no significant effort. Moreover, you can always seek the assistance of experts in your pursuit and this too can be had online.

Comparison of specific-benefit insurance plans in India with the combi plans emphasizes the complimentary benefits of both. Specific plans offer targeted benefits against a specific occurrence (e.g. Cancer care policies) and combi-plans offer you a combined segment benefit that includes the benefits of the two providers. However, it is crucial for you to make note of your specific needs so that choice can be made accordingly.

HDFC Life offers many such plans that have been formulated keeping in mind the extensive coverage and flexible terms for you and your loved ones.

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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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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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