Private sector HDFC Life has launched a new product offering cover to a maximum age of 85 from the earlier 75 years and a policy term to 50 years from the earlier 40.
The policy also comes with a critical illness plus rider, under which it has increased the payout by three times up to Rs 1.5 crore, HDFC Life said in a statement today.
Called protect 3D plus, new version offers a lifelong option wherein premium payment term is now up to 75 years, making the product more affordable.
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