Timely preparedness for uncertainties of the future can go a long way towards living a life of confidence. HDFC Gramin Bima Mitra Yojana provides this preparedness through robust returns even on an investment as small as Rs. 500 by adding 50% to your original investment in 3 years. In addition to the guaranteed returns, the plan offers the security of a life insurance cover and the flexibility to exit prematurely. HDFC Gramin Bima Mitra Yojana is a special offering from HDFC Standard Life, exclusively for the benefit of our rural customers.
Product Features
On survival of the life assured to maturity of the plan which is 3 years after the inception date, a guaranteed maturity benefit of Rs. 750 is payable.
On termination of the plan before maturity, the guaranteed benefits payable are
(in Rs.):
During Year
1
2
3
On Death
5000
5000
5000
On Surrender
500
575
650
Eligibility
To be eligible for this plan, age at entry of the life assured must be between 18 and 50 years of age. This policy can be taken only on a single-life basis.
Premium
A single premium of Rs. 500 is due on the date of commencement. There are no further premium/s due.
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