Indian women are raised to believe that they are always racing against time. Their “biological clock” is always ticking away. They must achieve everything that they aspire for by the end of their mid-30s at the latest. As if those constant reminders are not enough, they create this implicit pressure for themselves that they need to hustle so that they are at the top of the game.
Taking a sabbatical or a career break? Procrastinating asking for an increment? These are common questions that women often struggle with. Last year, former Pepsi CEO and one of the greatest female icons of our times, Indra Nooyi also claimed that she had “never, ever, ever” asked for a pay rise and that she found the idea “cringeworthy”. Today, business leaders like Falguni Nayar and Kiran Mazumdar Shaw are slowly shifting that dial, making those strides in finance and sitting at coveted industry positions whilst demonstrating age-no-bar.
But when it comes to personal finance, some women appear to lag behind their male counterparts. Making early and right investment choices can help alleviate some of that pressure. Stocks and mutual funds are always a hot market promising lucrative returns. But women should also diversify their portfolios and allocate adequate resources which secure their financial assets under uncertain circumstances.
HDFC Life Sanchay Par Advantage is a participating life insurance plan that provides an option to avail cover for the whole of life (till the age of 100 years old). The plan provides a holistic solution for you to generate a regular income and to build a corpus to achieve the planned goals and secure your loved one’s future, without any compromises.
This non-linked, participating life insurance plan gives you a guaranteed income on the terms that you decide and provides life cover. The policy offers two plan options:
Immediate Income: An option that provides regular income by way of cash bonuses (if declared), from 1st policy year and provides lump sum at maturity thereby creating a legacy for your loved one.
Deferred Income: An option that provides Guaranteed Income for a guarantee period, and also provides regular income by way of cash bonuses (if declared) throughout the policy term. It helps create a legacy for your loved ones by providing a lump sum at maturity.
Based on your needs and eligibility you can select the policy option that suits you best. Key benefits of the policy include:
Life cover with protection up to as high as age 100 years
Choose between Immediate Income or Deferred Income options as per your needs
Flexibility to accrue the survival benefit payouts, maturity benefit, and death benefits.
In a nutshell, HDFC Life Sanchay Par Advantage is an insurance plan that offers flexibility, freedom, and convenience. It can be accessed easily and the best part is that it provides you with a financial safety net under all unforeseen circumstances. If you are burnt out and want to take a career break, you need not worry about paying your household bills or other expenses. Your income from HDFC Life Sanchay Par Advantage will take care of those burdens.
To know more about the policy plan or how to get one, visit: HDFC Life Sanchay Par Advantage.
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