HDFC Life, ET Money launch country's first term insurance plan

Q.  HDFC Life and ET money have launched a term insurance plan, the country's first based on ______
- Published on 06 Mar 17

a. Spend pattern of users
b. Expenditure pattern of insurers
c. Saving pattern of users
d. None of the above

ANSWER: Spend pattern of users
 
HDFC Life launched an exclusive data-led group term insurance plan in partnership with ET Money, the Times Internet backed financial services app.

This is the country’s first term insurance plan based on the spend pattern of the users, the private insurer indicated.

This financial planning management app brings insurance at the finger-tips of the discerning new-age generation.

Offered as an ET Money benefit, the group term life insurance plan can be availed exclusively by 1 million users of the ET MONEY app.

One can get a group term life insurance coverage that ranges anywhere from Rs 25-50 lakh and it will be based on spend pattern of the user.

HDFC Life substantiates ET Money's data-led, mobile-first approach and we are excited to work with them closely, the company executives said in a statement.

HDFC: Know More
  • CEO : Aditya Puri
  • Headquarters: Mumbai
  • Founded: August 1994, India
  • Number of employees: 90,421

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