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 -> Loan Cover Term Assurance Plan
|Minimum Sum Assured|
|Maximum Sum Assured||No Limit|
|Minimum Entry Age||18|
|Maximum Entry Age||55|
|Maximum Maturity Age||60|
|Payment Frequency||Monthly,Quarterly,Half Yearly,Yearly,Single|
|Coverage||Covers Home Loan and other Loans liabilities|
|Exclusions||No Benefit will be paid if the death of the life assured or the first to die of lives assured is caused directly or indirectly by suicide with in one year from the date of first being covered.|
|Grace Period||Information not available|
|Pre Mandatory Medical||Information not available|
|Cost Health Checkup||Information not available|
|Number of Riders Covered||3|
|Riders||1. Critical Illness Benefit 2. Accidental death Benefit 3. Accelerated Sun Assured Benefit|
|Surrender Value||No surrender benefits are payable at any point during the policy term|
|Revival Laps Policy||Information not available|
|Cancellation Clause||Information not available|