Page 30 - business%20kit%20print%20-%20V.6%2005.11.18

18 - HDFC Life Group Credit Insurance

Customer Segment
• Applicable for all Salaried / SENP/SEP availing loan from PCHF

Benefits
• Easy to purchase, by filling a simple Member Information Form (MIF).

• Provides risk cover to protect the family from the burden of loan
liabilities and build the assets.
• Higher Non-medical limits.
• Applicants and co-applicants can be covered in a single policy .

Product Features
• The life insurance covers the decreasing principal amount for the
entire term.
• In case of death of the insured member, HDFC LIFE will pay the sum
assured as per the Insurance schedule.
• Eligibility Norms
- Age at Entry. Min 18 years, Max 65years.
- Age at Expiry. Min 20 years, Max 75 years.
- Membership Term. Min 2 years, Max 30 years

• Risk commencement date begins from loan disbursement date or
receipt of premium, whichever is later.
• A single premium will be charged for the entire term of insurance.

• Applicable non-medical limit under this policy will be as follows as
per data in MIF.

Age NML Age NML Age NML
18-45 2 Cr. 56-60 50 lacs >69 Nil
45-55 75 lacs 61-68 10 lacs

VERSION - 6 30