I in LIFE stands for Ideal Life Cover

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