The Group Variable Term Insurance is a tailor made insurance policy for third party institutions. HDFC Standard Life Insurance Company will offer life insurance to customer’s of one or more of the third party’s specific products in order that in the event of their death, there will be a lump sum available.
The Group Variable Term Insurance:
On death, will pay a lump sum known as a sum assured. The sum assured varies over time in order that the customer receives the cover that they need
Is a group policy
Has no lengthy underwriting procedure
Is simple to administer
The policy is without any participation in the insurer’s profits.
