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HDFC Life Group Term Insurance Plan
HDFC Life Group Term Insurance Plan
UIN: 101N005V08Protect your employees from uncertainties
Employee benefits
One master policy
Receive Tax Benefits1
Features
A Non Linked Non Participating Group Term Insurance Product
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
Benefits
Choose from the benefits available under HDFC Life Personal Pension Plus
Know the benefits offered under this product
- Features
Features
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Benefits To employer
Benefits To employer
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Life cover for all the group members under one policy.
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Easy and hassle free financial help to the employee's family, in case of an unfortunate event
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Cost-effective method to buy a high cover at a low premium
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GTI cover for future service gratuity liability
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Serves as strong retention tool
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Premiums paid by the employer is tax deductible u/s 37 (1) of the Income Tax Act, 1961
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Simple procedures for addition and deletion of members in to the policy
![Heart-Icon]( "Heart-Icon")
Benefits To employee
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Adequate financial support to loved ones against his accident, illness or untimely death
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Convenience of no medical tests till free cover limits
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Cover for housing or vehicle loans given by you to your employees
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Premiums paid by the employer not treated as perquisite
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Death benefits exempt from tax under Section 10(10D)
Need Help to Buy a Right Plan?
Our expert will assist you in buying a right plan for you online.
Reach us between 8:30 AM - 10 PM IST.
For existing policy related assistance, click here.
A certified expert of HDFC Life will help you.
99.68% Claim Settlement Ratio
For FY 2024-2025
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Disclaimer: By submitting your contact details, you agree to HDFC Life's Privacy Policy and authorize ...Read More
99.68% Claim Settlement Ratio
For FY 2024-2025
~5 Cr. Number Of Lives Insured
For FY 2024-2025
FORMS & DOWNLOADS
Rider Brochure Download
T&C*
- As per Income Tax Act,1961. Tax benefits are subject to change in Tax laws.
ARN: PP/09/24/15881
