Details about HDFC Group Term include its plan type, eligibility, returns. HDFC Standard Life Insurance Company Limited is an insurance company which provides different insurance plans under various categories such as Endowment Plans, ULIPs, Group Plans, Pension Plans etc. Claim settlement ratio for this insurance provider is 94.01 %. That is out of 100 claims received, they have paid money for those many number of claims. This policy is provided by the life insurance company under Group Life Insurance Plan. HDFC Group Term details also include information about policy term and whether the plan can be bought in a group. Presently, this policy can be bought from the insurance company. This plan cannot be bought online.
HDFC Group Term eligibility talks about the min/max entry ages and vesting ages required for this plan. Vesting age is also known as maturity age. Vesting age usually begins after all the HDFC Group Term Insurance Premiums are paid and it is time to reap the benefits of the plan i.e. getting your invested money back along with added bonus. Minimum/maximum entry ages and vesting ages are calculated based on the last birthday of the life insured.
Following are the entry age and vesting age restrictions for HDFC Group Term Insurance-
Policy Term in HDFC Group Term is a period of time during which the policy is valid. When policy term is completed, you get some fixed returns and extra benefits mentioned in your policy. Policy term details for this plan are given below.
Minimum Policy Term: Not Provided.
In a life insurance policy, sum assured comes under HDFC Group Term Insurance returns. Sum assured is the minimum amount of money that you get from the insurance company upon completion of the policy term. In event of your death, this money is paid to your family. For this policy, value for minimum sum assured is ₹ 5000. Maximum sum assured by this insurance plan: No Limit.
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