HDFC Standard Life - private life insurance player - launched a new ULIP - HDFC Standard Life Crest - which assures higher returns.
HDFC Standard Life Crest has
• a 30-day free look-in period against the usual 15 days so that investors understand the new ULIP (Unit Linked Insurance Products) better, in compliance to with the IRDA regulations which came into effect.
From now onwards all HDFC Standard Life insurance plans will carry a 30-day free look in period. This is for the convenience of an investor in case he/she feel that the product purchased is not very suitable to his/her requirement. The investor will be given a choice to switch over to an alternative product offered from the company within a year although at a nominal additional cost.
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