HDFC Life Group Term Insurance Plan
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Whatever the business, it is the people who make it a success. Everybody requires some type of life insurance, especially when others depend on them financially. HDFC Life Group Term Insurance Plan (GTI) meets this need and serves as an ideal way for employers to reinforce their bond with their employees. The sort of needs, you, as an employer need to cater to could be in form of "Employee benefits”,” Cover for housing or vehicle loans given by you to your employees".

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Company Details

Minimum employee strength : 10

Customer Details

Choose from the benefits available under HDFC Life Personal Pension Plus
  • Benefits To employer
    1. Life cover for all the group members under one policy.
    2. Easy and hassle free financial help to the employee's family, in case of an unfortunate event
    3. Cost-effective method to buy a high cover at a low premium
    4. GTI cover for future service gratuity liability
    5. Serves as strong retention tool
    6. Premiums paid by the employer is tax deductible u/s 37 (1) of the Income Tax Act, 1961
    7. Simple procedures for addition and deletion of members in to the policy
  • Benefits To employee
    1. Adequate financial support to loved ones against his accident, illness or untimely death
    2. Convenience of no medical tests till free cover limits
    3. Cover for housing or vehicle loans given by you to your employees
    4. Premiums paid by the employer not treated as perquisite
    5. Death benefits exempt from tax under Section 10(10D)
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