Life Insurance Corporation's money back policy is also quite popular. The new trend is that a large segment of customers is opting for the term insurance plan. HDFC's Standard Life provides a combination of saving and life insurance. They provide basic benefits like financial support by way of lumpsum payment in case of death within the term of the policy. On survival up to maturity, lumpsum amount consisting of the basic sum assured, plus bonus, is paid.
All additional benefits have to be selected at the outset of the plan.