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Reasons why Life Insurance Isn’t Just for Old People
Contrary to the general opinion, Life Insurance is not just for old people. Life can throw curveballs anytime. It’s best to be prepared for such situations at any age. Below are a few reasons why Life Insurance is for everybody old or young
1 Crore Term Insurance @Rs.19/day***
To delay is to regret
You may not always be around to take care of your family. And that’s when a term plan ensures your family is well protected.
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Return of Premium (ROP) Option^
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17% Online Discount**
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Same Day Claim Processing#
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100% Claims guaranteed15
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0% GST on Premiums#^#
Please wait while we are calculating term insurance premium for 1 crore
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You are healthy and young
The best time to buy Life insurance is when you are young and healthy as the premiums are calculated according to your age and medical history. The younger and healthier you are, the higher your rating and the higher your rating, the lower the price.
You want to boost your retirement fund -
Life insurance is the yin to retirement accounts yang. There are two kinds of life insurance: those that expire (term), and those that generate cash value (permanent). If you structure a permanent life insurance policy properly, you can actually use the cash value during your life to help fund your retirement, and even better, the benefits can be tax-free to you.
You got Married -
Maybe one of you is not working or perhaps there’s an income gap. In case something happens to the higher earning partner, it’s important to have a cushion for the other partner to fall back on to cover their expenses and lifestyle.
You have a baby -
Children, however adorable; do bring a lot of expenses with them. Their clothes, vaccinations, food and eventually school and college amounts to a high expense. Tax-free life insurance benefits can become an important life preserver and ensure your child's well-being.
You are open for business -
You may be brimming with ideas and want to invest in that idea and give it a form. If you have a business partner, then taking a Life insurance is your next step. Business owners usually opt for life insurance on each other in what is a called a "buy-sell agreement." This agreement drafted by an attorney states who gets what when something happens. The most common form of currency to "fund" a buy-sell agreement is Life insurance. If something happens to one partner, their family is taken care of well.
HDFC Life offers a wide range of insurance policies to help you plan your financial future. Choose the best for yourself policy as per the above points and secure your Family’s financial future.
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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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Here's all you should know about life insurance.
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HDFC Life
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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.
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@@Online Premium for Life Option for HDFC Life Click 2 Protect Supreme (UIN: 101N183V01), Male Life Assured, Non-Smoker, 35 years of age, Policy term of 35 years, Regular pay, Annual frequency, exclusive of taxes and levies as applicable. (Monthly Premium of 1921)
#^#Individual Life Insurance Policies issued on or subsequent to 22nd, September 2025, shall be exempt from GST under the provisions of the Goods and Services Tax, 2017.
@As per integrated annual report FY24-25, available on www.hdfclife.com. As of May 2025
#Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved
^ Available under Life & Life Plus plan options
***Online Premium for Life Option for HDFC Life Click 2 Protect Supreme(UIN:101N183V01), Male Life Assured, Non-Smoker, salaried, 20 years of age, Policy term of 25 years, Regular pay, Monthly frequency, inclusive of 15% online discount (applicable only for 1st year premium) & exclusive of taxes and levies as applicable. (Monthly Premium of 573/30=19).
**If a customer is a Salaried individual and has opted for a cover of INR 2 Cr with Limited pay, then the total discounts applicable shall be: 10% +7% = 17% discount on the first year premiums.
~Tax benefits of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 30% on life insurance premium u/s 80C of ₹ 1,50,000 and health premium (Critical illness rider) u/s 80D of ₹ 25,000. Tax benefits are subject to conditions under section 80C, 80D, 10(10D) as per Income Tax Act, 1961. Please consult your tax advisor for more information.
*Online Premium for Life Option, Male Life Assured, Non-Smoker, 20 years of age, Policy term of 25 years, Regular pay, Monthly frequency, exclusive of taxes and levies as applicable.
15. HDFC Life Click 2 Protect Ultimate(UIN: 101N179V01) A Non-Linked, Non-Participating, Individual, Pure Risk Premium/Savings Life Insurance Plan. The policy must be in force on the date of death, with all premiums fully paid, except for the exclusion clauses mentioned in Part F of the policy document.
