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