HDFC Life Partners with ET Money to Launch Data-Led Policy
Long-term life insurance provider HDFC Life has launched of an exclusive (अनन्य) Data-Led Group Term Insurance Plan in partnership with personal finance app“ET Money” of Times Internet on February 27, 2017. The plan offered as ET Money benefit is first such term insurance plan which isbased on the spend(बिताना) pattern of the users and can be exclusively availed by 1 million users of the ET MONEY app. The plan has been developed keeping in mind the first-time insurance buyers. The partnership will simplify the policy buying process by eliminating(नष्ट) all paperwork, medical tests, income requirements and manual intervention(हस्तक्षेप). The group term life insurance coverage ranges from Rs 25-50 lakh and users can also save upto 30% of the premium paid as a tax benefit under section 80C of the Income Tax Act.
The term insurance plan can be bought from the ETMoney app available on Android playstore.