Chennai: HDFC ERGO General Insurance Company said it has registered a 26 per cent y-o-y growth in Gross Written Premium (GWP) for the last quarter of 2020 (Q3 FY21).
With this, the company has crossed Rs 8700 crore in gross premium income and covers 1.5 crores lives.
Meanwhile, HDFC Life has launched itslatest term product Click 2 Protect Life. The non-linked, non-participating, individual term plan has been designed to cater to the changing needs in the different life stages of an individual.
“The ongoing pandemic has brought about a change in an individualās approach towards life insurance as a product category. Term insurance has become an important component of every financial plan,” it said.