HDFC Gramin Bima Kalyan Yojana
Timely preparedness for uncertainties of the future can go a long way towards living a life of
confidence. HDFC Gramin Bima Kalyan Yojana provides this preparedness through robust returns
even on an investment as small as Rs. 200 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 (i.e. in
case of unfortunate demise of policyholder before the end of policy term, the nominee will receive
the death benefit) and the flexibility to exit prematurely. HDFC Gramin Bima Kalyan 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 maturity benefit of Rs. 300 is payable.
On termination of the plan before maturity, benefits payable are (in Rs.):
|
During Year |
1 |
2 |
3 |
|
On Death |
5000 |
5000 |
5000 |
|
On Surrender |
200 |
230 |
260 |
Eligibility
To be eligible for this plan, age at entry of the life assured must be between 18 and 50 years
of age. Term period is fixed as 3 years and the Maximum age at Maturity is 53. This policy can
be taken only on a single-life basis.
Premium
A single premium of Rs. 200 is due on the date of commencement. There are no further
premium/s due.