RESUME APPLICATION PAY PREMIUM
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RESUME APPLICATION PAY PREMIUM

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Features

A Non Linked Non Participating Group Term Insurance Product

Why HDFC Life Sanchay Legacy?

  • The HDFC Life Group Term Insurance Plan will have the following structure:

  • Provides life cover to groups of people

  • One master policy covering all members of the group

  • Annually renewable term insurance plan

  • Addition and deletion of members anytime during the year

  • Sum assured payable to nominee on death of the covered member

  • Employees can be additionally covered by riders e.g. accidental/ critical illness / disability

  • Offers flexibility to cover the spouse of the member

  • Simplified –Enrolment process

  • Offers Cover for policies issued in lieu of Employees Deposit Linked Insurance (Amendment) Scheme 2016 (EDLI)

  • Easy claim settlement process enabling speedy & quick settlement.

  • Get additional protection by opting for Rider> HDFC Life Group Critical Illness Plus Rider that provides Rider Sum Assured in case diagnosed with any of the 19 Critical Illnesses

  • Get additional protection by opting for Rider> HDFC Life Group Illness Rider that provides Rider Sum Assured in case diagnosed with any one of the 25 Critical Illnesses or a Terminal Illness

  • The HDFC Life Group Term Insurance Plan will have the following structure:

  • Provides life cover to groups of people

  • One master policy covering all members of the group

  • Annually renewable term insurance plan

  • Addition and deletion of members anytime during the year

  • Sum assured payable to nominee on death of the covered member

  • Employees can be additionally covered by riders e.g. accidental/ critical illness / disability

  • Offers flexibility to cover the spouse of the member

  • Simplified –Enrolment process

  • Offers Cover for policies issued in lieu of Employees Deposit Linked Insurance (Amendment) Scheme 2016 (EDLI)

  • Easy claim settlement process enabling speedy & quick settlement.

  • Get additional protection by opting for Rider> HDFC Life Group Critical Illness Plus Rider that provides Rider Sum Assured in case diagnosed with any of the 19 Critical Illnesses

  • Get additional protection by opting for Rider> HDFC Life Group Illness Rider that provides Rider Sum Assured in case diagnosed with any one of the 25 Critical Illnesses or a Terminal Illness

Why HDFC Life Sanchay Legacy?

Benefits

Choose from the benefits available under HDFC Life Personal Pension Plus

Know the benefits offered under this product

  • Features

Features

Heart-Icon Benefits To employer

  • Life cover for all the group members under one policy.

  • Easy and hassle free financial help to the employee's family, in case of an unfortunate event

  • Cost-effective method to buy a high cover at a low premium

  • GTI cover for future service gratuity liability

  • Serves as strong retention tool

  • Premiums paid by the employer is tax deductible u/s 37 (1) of the Income Tax Act, 1961

  • Simple procedures for addition and deletion of members in to the policy

Heart-Icon Benefits To employee

  • Adequate financial support to loved ones against his accident, illness or untimely death

  • Convenience of no medical tests till free cover limits

  • Cover for housing or vehicle loans given by you to your employees

  • Premiums paid by the employer not treated as perquisite

  • Death benefits exempt from tax under Section 10(10D)

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FORMS & DOWNLOADS

1 Rider Brochure Download

2 Forms

Disclaimer

T&C*

  1. As per Income Tax Act,1961. Tax benefits are subject to change in Tax laws.

ARN: PP/06/23/2808