Mumbai: HDFC life today launched Pragati, a traditional life insurance plan that has been specifically designed to empower low income families.
Pragati makes life insurance easily accessible to every person who wishes to financially secure his family, the private life insurer said in a release issued here.
With Pragati, HDFC Life wants to offer the dual benefit of systematic savings (with guaranteed premium returns) and wholesome life protection, making it an ideal financial product for every Indian household.
"Almost half the population in India belongs to the lower income group, aspiring to enhance their quality of life and secure the financial future of their family. With this insight we aimed to offer a product that will help the customer reap the dual benefits of systematic savings and protection," HDFC Life VP-Products, Sujoy Manna said.