Insurance

HDFC Life Insurance Co. Ltd

HDFC Life Insurance Co. Ltd

HDFC Life Insurance Company Ltd. is a prominent life insurance company in India. It is a joint venture between HDFC Ltd., India's leading housing finance institution and Standard Life, a UK based insurance company.

HDFC Life's offers insurance products both for individual and groups.

HDFC Ltd. holds 72.37% and Standard Life Ltd. holds 26% of equity in the joint venture, while the rest is held by others.

Term -> Home Loan Protection Plan

Eligibility Description
Minimum Sum Assured 300000
Maximum Sum Assured 3000000
Minimum Entry Age 18
Maximum Entry Age 50
Maximum Maturity Age 60
Payment Frequency Single premium

Feature Description
Coverage Decreasing sum assured to pay-off outstanding home loan.
Exclusions If the death of the Life Assured is caused directly or indirectly by suicide within one year of the Date of Commencement or the date of issue of the Policy, if later. Claims as a result of death due to non-accidental causes during the first 90 days of the policy will be declined.
Grace Period Information not available
Pre Mandatory Medical Information not available
Cost Health Checkup Information not available
Number of Riders Covered Information not available
Riders Information not available
Surrender Value Information not available
Revival Laps Policy Information not available
Cancellation Clause Information not available

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