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ETMoney joins hands with HDFC Life, launches data-led organisation tenure word plan

With first-time word buyers in mind, this devise simplifies a routine shopping routine by expelling all paperwork, medical tests, income mandate and primer intervention

March 2, 2017

ETMoney, a Times Internet-backed financial services app, announced a launch of a data-led organization tenure word devise in partnership with HDFC Life.

Offered as an disdainful advantage to ETMoney’s  1 million+ users, a organization tenure life word devise offers coverage between Rs 25 lakh and Rs 50 lakh that is distributed formed on the user’s spend pattern. Secondly, ETMoney users can also save up to 30% of a reward paid as a taxation advantage underneath territory 80C of a Income Tax Act. With first-time word buyers in mind, this plan simplifies the routine shopping routine by expelling all paperwork, medical tests, income mandate and primer involvement that is common in a unchanging word policy. The easy workflow within a app creates it probable to buy a devise in reduction than dual minutes.

Mukesh Kalra, COO of ETMoney, said, “Young earners in India are significantly under insured. The tenure devise is designed drift adult for this shred and it acts as a simple, paperless and cost-effective proceed to start their word journey. Partnering with HDFC Life substantiates our data-led, mobile-first proceed and we are unapproachable to work with them to pattern this digital policy.”

Amitabh Chaudhry, MD CEO of HDFC Life, said, “In gripping with a attempt to be a digital initial organisation, we have undertaken mixed initiatives and harnessed several innovations to renovate a proceed we do business by digitisation and grasp patron delight. We’re unapproachable to contend that a organisation with ET Money will capacitate us to strech out to a millennial patron by one’s many elite middle in a paperless, self-help sourroundings with remoteness and convenience. This financial formulation government app brings word during a finger-tips of a perceptive new-age generation.”

ETMoney app is accessible for giveaway on Android playstore.

Media contact:

Yashmeen Barua

Tags: #life insurance

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