HDFC Life’s new Pragati policy

HDFC Life has expanded its consumer segment to include the economically weaker sections with the roll-out of HDFC Life Pragati. With Pragati, HDFC Life wants to offer the dual benefit of systematic savings (with guaranteed premium returns) and wholesome life protection. Sujoy Manna, Vice-President (Products) at HDFC Life, said Pragati will help customers reap the dual benefits without significantly denting their monthly income. Prominent features include premiums starting at ₹100 a month, auto cover continuance wherein full death benefit is payable for up to two years after last unpaid premium, flexible premium and hassle-free issuance based on ‘declaration of good health’.