HDFC Life Group Credit Protect Plus Insurance Plan

Premium Payments Offered by HDFC Life Group Credit Protect Plus Insurance Plan:

Key Features of HDFC Life Group Credit Protect Plus Insurance Plan:

What you need to know about HDFC Life Group Credit Protect Plus Insurance Plan:

1. 6 plan options are available with this HDFC Life Group Protection Plan.
2. There is an option to decrease and level cover.

Advantages and Benefits of HDFC Life Group Credit Protect Plus Insurance Plan:

The HDFC Life Group Credit Protect Plus Insurance Plan provides the following key benefits:

1. Death benefit:

In the event of death of the member, the sum assured is paid if the level term is selected. If the decreasing term is selected, the decreasing sum assured is paid.

1. Accelerated terminal illness benefit:

If the member is diagnosed with a terminal illness, the sum assured is paid if the level term is selected. If the decreasing term is selected, the decreasing sum assured is paid.

1. Additional accidental death benefit:

If the member dies in an accident, the sum assured is paid if the level term is selected. If the decreasing term is selected, the decreasing sum assured is paid. This benefit is in addition to the death benefit.

1. Accelerated critical illness option 1:

If the member is diagnosed with a critical illness, the sum assured is paid if the level term is selected. If the decreasing term is selected, the decreasing sum assured is paid. The risk cover ceases. The CI benefit will be equal to the main benefit or 5 years, whichever is lower.

1. Accelerated critical illness option 2:

If the member is diagnosed with a critical illness, the sum assured is paid if the level term is selected. If the decreasing term is selected, the decreasing sum assured is paid. The risk cover ceases. The CI benefit will be equal to the main benefit or 10 years, whichever is lower.

1. Accelerated total permanent disability:

If the member is disabled due to an accident, the sum assured is paid if the level term is selected. If the decreasing term is selected, the decreasing sum assured is paid. The risk cover ceases.

1. Moratorium period:

Members can take home loan, education loan or mortgage which will be disbursed in two or more payments. The coverage will be offered for the moratorium period which is equal to the initial sum assured. Member can choose the moratorium period which is 1 - 7 years. The term of the cover can be equal to the term of the moratorium period. The death benefit following the moratorium period will be reducing cover.

Charges applicable under :

Exclusions under HDFC Life Group Credit Protect Plus Insurance Plan:

The following critical illnesses will be excluded:

1. Surgery of Aorta
2. Major head trauma
3. Paralysis
4. Loss of sight
5. Major burns
6. Loss of limbs
7. Heart valve surgery
8. End stage lung disease
9. Loss of independent existence
10. Cancer
11. Heart attack
12. Coronary artery bypass graft surgery
13. Kidney failure
14. Stroke
15. Major organ transplant
16. Benign brain tumor
17. Apallic syndrome
18. End stage liver disease
19. Coma
20. HIV/ AIDS
21. Pre-existing medical condition
22. Radioactive contamination due to nuclear accident
23. Diagnosis and treatment outside India
24. War, invasion, civil commotion, etc
25. Service in police, military, etc