Prices Increasing soon Prices Increasing Soon

HDFC Life Insurance Income Replacement in Mizoram

Mizoram's economy is growing, with the service sector contributing over 45% of the Gross State Value Added (GSVA) in 2022-23, alongside rising agriculture and horticulture industries. With many families depending on a single income in a growing economy, financial security is essential.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount# for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from /month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

The HDFC Life Income Replacement Plan provides an affordable solution, offering a steady monthly income in case the primary earner is lost, helping families maintain stability and cover expenses even in challenging times.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

What is the HDFC Life Insurance Income Replacement Plan? 

The HDFC Life Insurance Income Replacement Plan is a type of insurance policy designed to provide families with a steady monthly income if the policyholder passes away during the term. Unlike a one-time payout, this plan ensures ongoing monthly payments to help cover daily living expenses, loan instalments, education costs, and other essentials, giving families a stable financial foundation during challenging times.

For example, if you earn ₹35,000 per month, this plan can ensure your family receives a similar amount monthly, helping them manage routine expenses in your absence.

Why is Income Replacement Important for Families in Mizoram?

In Mizoram, where the economy is driven by agriculture, small businesses, and government employment, many households rely on a single income source. With these earnings' seasonal and often uncertain nature, the HDFC Life Income Replacement Plan offers crucial financial support to families, giving them a steady income stream instead of a single lump sum, which can better meet their ongoing needs.

This plan is particularly valuable for salaried individuals, small business owners, and farmers in Mizoram, providing peace of mind that their families’ basic needs and lifestyles can be maintained.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 10%#

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

What are the Key Features of HDFC Life Insurance Income Replacement in Mizoram?

  • Monthly Income Payouts: Guarantees monthly payments to cover essential expenses like food, rent, and utilities, ensuring your family’s financial security in your absence.

  • Affordable Premiums: Designed with affordability in mind, this plan offers substantial coverage with premiums tailored to income levels in Mizoram.

  • Flexible Coverage: Policyholders can choose a monthly payout amount to match their current income, allowing families to sustain their lifestyle comfortably.

  • Premium Waiver Option: Some variants of this plan offer a waiver on premium payments if the policyholder is diagnosed with a critical illness, ensuring no disruption in coverage during treatment.

  • Tax Benefits: Premium payments qualify for tax deductions under Section 80C and tax-free benefits on monthly payouts under Section 10(10D) of the Income Tax Act.

How Does the HDFC Life Insurance Income Replacement in Mizoram Work?

Here’s a brief overview of how the plan functions:

  • Choose Your Monthly Income and Coverage: Select a monthly payout amount based on your family’s needs and choose the policy term accordingly.

  • Make Regular Premium Payments: Pay premiums regularly, with options for monthly, quarterly, or yearly payments.

  • Receive Monthly Benefits: If the policyholder passes away during the term, HDFC Life provides the chosen monthly income to the family until the term ends or for a specified period.

  • Policy Expiration: If no claim is made, the policy ends upon term completion without any payout.

What are the Benefits of Choosing an HDFC Life Income Replacement Plan in Mizoram?

  • Ongoing Financial Security: Provides monthly income to prevent financial hardships and help the family manage daily expenses in the policyholder’s absence.

  • Support for Financial Goals: Helps the family achieve long-term objectives, like education or loan repayment, by ensuring a steady income flow.

  • Economical Premiums: This plan offers substantial coverage with affordable premiums, making it accessible to people across income levels in Mizoram.

  • Tax Advantages: Premiums paid are eligible for tax deductions, providing both protection and tax relief.

  • Peace of Mind: Knowing your family will be financially supported even if you’re not around offers invaluable peace of mind.

Life Insurer Piller

How Can You Buy HDFC Life Insurance Income Replacement in Mizoram from Policybazaar?

Follow these steps to purchase the plan through Policybazaar:

  • Go to the term insurance section on Policybazaar.

  • Enter your basic details like name, gender, and contact information.

  • Answer questions about your occupation, income, lifestyle, and education.

  • Compare options, select the best fit, and complete the purchase by paying the premium.

Final Thoughts 

The HDFC Life Income Replacement Plan provides a reliable financial cushion for families in Mizoram. With consistent monthly payments, affordable premiums, and tax benefits, it's a practical choice for ensuring your family's financial well-being, even in your absence. Regardless of your income level, you can find affordable term insurance policies to protect your family. 


Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in



Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance

Term insurance Articles

  • Recent Article
  • Popular Articles
13 Dec 2024

Annual Renewable Term Insurance

Annual Renewable Term Insurance (ATR) is tailored for short-term

Read more
12 Dec 2024

ICICI Pru iProtect Super Plan

The ICICI Pru iProtect Super Plan is a pure-term insurance plan

Read more
10 Dec 2024

Does HDFC Term Insurance Come Under Section 80C...

Many people wonder about its tax benefits when purchasing a term

Read more
09 Dec 2024

How to Study Abroad for Free with the Right Term...

Studying abroad can be a life-changing experience, offering

Read more
06 Dec 2024

HDFC Life Insurance Income Replacement in Tamil...

The divide between rural and urban lifestyles in Tamil Nadu is

Read more

Term Insurance Calculator Online : Get Instant...

Term Insurance Calculator [[ Term Insurance Calculator - Calculate your Term Insurance Premium for Free Term

Read more

Best Term Insurance Plan for 1 Crore : Buy Best...

A ₹1 crore term insurance plan ensures financial security for your family by providing a ₹1 crore payout as a

Read more

LIC Surrender Value After 10 Years Calculator

The surrender value of a LIC insurance policy is the amount that the policyholder will receive if they decide to

Read more

Claim Settlement Ratio of Term Insurance Plan...

Claim Settlement Ratio (CSR) is an important parameter in the selection of an insurance policy. If you are going

Read more

LIC New Bima Gold Maturity Calculator

The LIC New Bima Gold Calculator is an online tool offered by the Life Insurance Corporation of India (LIC). It

Read more
Need Help? Request Callback
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL