Understand insurance plans for defence personnel in India

The complete domain of defense services and the personnel who render their services is quite huge. Generally, following are the personnel who come under the purview of the term Defense Personnel:

1. All members of Indian military forces (Army, Navy and Air Force)
2. Members of Territorial Army
3. Members of Indian Coast Guard
4. Members of BSF (Border Security Force)
5. Members of CRPF (Central Reserve Police Force)
6. Members of CISF (Central Industrial Security Force)
7. Members of RPF (Railway Protection Force)
8. Members of ITBP (Indo-Tibetan Border Police)
9. Members of all state police forces
10. Members of NSG (National Security Guards), Fire Services, schools administered by Armed Forces, Reserve Forces etc.

The important features of an ideal insurance plan for defense personnel are mentioned below:

1. Tracking mechanism: The plan must offer a specific customer tracking mechanism for the personnel so that due contact can be retained with them in the event of their transfer/posting to a new location, anywhere in India.
2. Specialized services: The insurer must offer the services of a dedicated team that specifically understands the financial requirements of the defense personnel and caters to them on a timely manner.
3. Serviceability and ease of access: Any defense personnel posted in a specific location cannot avail of a policy that has limited serviceability. Thus, the insurer must have broad scope of access and the personnel must be able to purchase the policy from any place near her/his location.
4. Claim settlement: Defense work comes in the category of high risk work and the personnel must not be made to face any hassle when it comes to settlement of the policy. The documentation must be minimal and timely disbursement of the maturity proceeds must be ensured at all times.
5. Ease of renewals: This is also another important feature of an ideal plan for defense personnel. Any required renewals must offer flexible terms and conditions and ease of payments.

HDFC Life offers SHAURYA an initiative by HDFC Life that offers guaranteed financial protection and tailor-made benefits for the defense personnel. It comes with flexible terms and conditions and ensures ease of operation and specialized services. For details, click on the mentioned link: https://www.hdfclife.com/defence-personal-insurance-plan-offerings.