Know about the Financial Shield needed for your family

From buying a house to ensuring the best education for your children. We spend most of our lives saving for purchases that are to come in our life. While it is important to save for the best moments of your life, it is equally vital to prepare for the worst. Financial planning is an important aspect that helps you prepare for tough times and secure your family’s future. Ensuring a stable financial future for your children is perhaps the best gift you can give them.

HDFC Life Young Star Udaan plan helps secure your child’s future. It offers the combined features of an endowment plan and a money-back plan. In case of the sudden demise of the parent when the policy is still active, the nominee (child/family) gets the lump sum amount. Moreover, to ensure the benefit of the child, the future premiums to be paid by the policyholder are paid to the nominee by the insurance company. Maturity benefits, Guaranteed additions, and bonuses (if declared) offered by the policy help cover your child’s college fees, wedding expenses, and other academic expenses.

Most people understand the significance of being prepared and how it can be useful in the long run. But not many realise that the most important aspect of being prepared is to sort out the challenge before taking them on. No matter what life throws at you, being prepared helps you overcome the hurdles. But, sometimes even the best-laid plans are disrupted by unforeseen circumstances. This is where financial planning helps you deal with unforeseen circumstances such as medical emergencies and mitigate their effects on your family.

If you have dependent family members, then it is crucial to ensure that their needs are fulfilled even when you are not around. One of the vital steps while preparing for difficult situations in life is to ensure financial stability. HDFC Life savings plan provides guaranteed returns in the form of a lump sum benefit to help you attain your milestones. The additional riders offered under the plan include accidental disability rider and critical illness plus rider. In case of disability due to an accident, you get income benefits over and above the sum assured. So, shield your family's financial future by choosing HDFC Life insurance plans.

HDFC Life’s Behind The Journey series showcases everyday heroes achieving success through prudent planning. With Paulami’s inspiring story, she had to cope with trauma at a young age but her parents helped her rise out of these tough times. Her father’s savings approach helped them deal with sky-high medical expenses.

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