Protection Plans aim to provide your family with financial security in case of your unfortunate demise or critical illness. Protection Plans, such as HDFC Loan Cover Term Assurance Plan and HDFC Home Loan Protection Plan, secure your family from loss of income or your loan liabilities, in the event of your unfortunate demise.

The HDFC Term Assurance Plan offers additional optional benefits known as riders. These additional benefits can be opted for by paying nominal charges. The optional benefits available with this plan are Critical Illness Benefit, Accidental Death Benefit and Accelerated Sum Assured Benefit. However, you cannot opt for the Critical Illness benefit and Accelerated Sum Assured Benefit at the same time.

Critical Illness Benefit provides you with the Sum Assured in case of diagnosis of any one of the six Critical Illnesses (as mentioned in the policy document). The benefit is paid only if you survive for 30 days after the claim.

All the Protection Plans offered by HDFC Standard Life have a single premium payment option.

Yes, there is survival benefits in Premium Guarantee Plan, where you will receive your premium back on maturity. Protection Plans are non-participating (without profits) pure risk cover plans without any maturity benefits.

This plan has two major benefits

• The Sum Assured in the policy decreases as your loan liability decreases. Thus you don’t have to pay for protection which you don’t need
• You can avail the policy benefits just by paying a single premium in advance