Page 37 - The Insurance Times March 2025

Product

New Product Launch

HDFC Life launches new life plan Term Insurance. Upon entering your details, you will get a
list of the best term insurance plans. Choose the ABSLI In-
HDFC Life launched HDFC Life Click 2 Achieve Par Advantage,
a participating life insurance product designed to support come Suraksha Plan from the list and proceed to buy.
financial goals at different life stages.
Shriram General Insurance introduces
The plan offers early liquidity, flexibility, and long-term fi-
nancial security whilst allowing policyholders to customise Shri Health Suraksha Insurance for com-
benefits based on their needs. prehensive medical coverage
The product includes a Policy Continuance Benefit (PCB), Shriram General Insurance (SGIC) has launched its first in-
ensuring that in the event of the policyholder’s death, fu- demnity health insurance plan, Shri Health Suraksha Insur-
ture premiums are waived, a lump sum death benefit is paid ance. The policy covers a wide range of treatments, includ-
out, and the nominee continues receiving policy benefits. ing modern medical procedures and AYUSH treatments
It also provides the option to select a Death Benefit Mul- (Ayurveda, Yoga, Unani, Siddha, and Homeopathy). The plan
tiple of 5x, 7x, or 11x and allows policyholders to convert provides nationwide coverage, offering access to cashless
partial or full cash bonuses into Paid-Up Additions, which can treatments at over 13,000 network hospitals, with multiple
be encashed anytime during the policy term. options for individuals to select a suitable plan based on their
healthcare needs.
Aditya Birla Sun Life Insurance Launches Anil Aggarwal, MD & CEO of Shriram General Insurance

Income Suraksha Plan Company, stated, “Apart from being emotionally depleting,
health emergencies or conditions can drain your finances.
Aditya Birla Sun Life Insurance (ABSLI) has launched its lat- Shri Health Suraksha offers comprehensive coverage at an
est term insurance plan, the Income Suraksha Plan, to pro- affordable premium with easy-to-understand terms, safe-
vide financial security for customers' families in the case of guarding one’s finances against any untoward medical emer-
an unfortunate event. With up to 9% off as a one-time dis- gencies. It enables the customer to provide medical treat-
count, this term plan promises a steady monthly income to
ment to their loved ones, unhindered by any financial chal-
the beneficiaries, starting at a selected amount.
lenges. We have priced premiums competitively for a fam-
To guard against inflation, the income grows by 5% annu- ily floater plan. The offering aligns with our vision to allow
ally, thereby growing at 1.5 times the initial amount. You every Indian to access comprehensive and quality medical
also get optional riders for extra protection against unfore- care.”
seen risks, making this plan one of the most unique and best Shri Health Suraksha Insurance offers several key features.
choices for long-term protection. The policy covers a broad range of hospitalisation expenses,
The ABSLI Income Suraksha Plan offers up to 11% discount including room charges, ICU fees, doctor and surgeon’s fees,
for salaried individuals (7% first year + 4% special online dis- and costs for blood and oxygen. It includes pre and post-
count) and 13% for females (9% first year + 4% special online hospitalisation expenses, ambulance charges, and daycare
discount). The plan includes two variants to choose from, procedures involving anaesthesia. The plan is available as
i.e. Fixed Income Protection and Increasing Income Protec- individual coverage or as a family cover, including coverage
tion, and provides six rider options to enhance coverage. for children aged three months and above, as well as par-
This plan is a unique term insurance plan and is exclusively ents and in-laws. Policyholders can select from multiple sum-
available on Policybazaar’s website for customers to buy. insured options, and a cumulative bonus is provided for ev-
You can simply visit the Policybazaar website and click on ery claim-free year. A grace period of 15 to 30 days is avail-

The Insurance Times March 2025 33