HDFC GRAMIN BIMA MITRA YOJANA
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.