A Life Insurance Company of India | HDFC Standard Life Insurance

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HDFC Standard Life Insurance

Group Products

GROUP TERM INSURANCE PLAN

Whatever the business – It’s the people who make it a success. Everybody requires some type of life insurance, especially when others depend on them financially.

The Group Term Insurance (GTI) plan meets this need and serves as an ideal way for companies 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
	A GTI cover for future service gratuity liability to be taken along with the HDFC Group Unit Linked Plan

The HDFC Group Term Insurance is a cost-effective plan that addresses these needs. In addition you have the choice to opt for a GTI with an experience discount feature ("Profit Share"), where a discount is given on future premiums in case of favorable claim experience (subject to group size).

The HDFC group term insurance plan will have the following structure:
	One year renewable term insurance plan
	One master policy issued covering all members of the group
	Sum assured is payable on death (either due to natural causes or accidents)

The plan covers death due to any cause; accidental or natural, and hence is more comprehensive than Group Personal Accident Insurance. Several multinational corporations, large Indian companies, foreign banks and software companies have already chosen the HDFC Group Term Insurance, an innovative product from HDFC Standard Life Insurance, to protect their employees.

Optional Rider Benefits
	Accidental Death Benefit
	Total Permanent Disability
	Total Permanent and Partial Diability Benefit
	Critical Illness Benefit
	Terminal Illness Benefit