First product compliant with new regulations
Moneylife Digital Team
HDFC Life ClassicAssure Plus is an endowment plan compliant with the new life insurance rules. The Insurance Regulatory and Development Agency (IRDA) came out with regulations covering life insurance products to ensure that all the products are consistent in design and are focused on meeting policyholders’ expectations. ClassicAssure Plus is a traditional insurance plan that offers limited premium payment term (PPT) along with a guaranteed reversionary bonus during PPT. For instance, you can choose to pay premiums for seven or ten years, while the cover continues for 10-20 years.
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