Premium Payment Options for HDFC Life Group Variable Employee Benefit Plan
Premium payment options for HDFC Life Group Variable Employee Benefit Plan are the ways in which premium can be paid by the life insured to HDFC Standard Life Insurance Company Limited. For this plan, options to pay the premium include Single Pay. Some HDFC Life Group Variable Employee Benefit Plan Provisions include riders in which premium payment can be waived off. Within regular pay mode, there five options through which premium can be paid. These options are: Annual payment, Semi-annual payment, quarterly payment, monthly payment and payroll savings program. Not all will be applicable for all the insurance plans.
Group Variable Employee Benefit Premium Top-up
Top up is a facility which is generally provided in Unit Linked Life Insurance Policies. Group Variable Employee Benefit premium top-up is an additional amount of money that can be paid along with the premium to get returns. Top up premium is allowed for this plan. Top up premium can be used to acquire additional gains in a life insurance policy. It can be paid any time during the policy term at irregular intervals excluding the basic regular premium payment.