HDFC HOME LOAN PROTECTION PLAN

HDFC HOME LOAN PROTECTION PLAN

This plan provides you the assurance that the company will pay all the outstanding home loans in case of your unfortunate death. This plan ensures that your family is secured against the liability burden.

Benefits and features:

• You can avoid paying for the protections which you do not need.

• A decreasing sum assured payable if you die during the term of the contract. This sum assured with the intention to help pay-off your outstanding home loan.

• To get started with this plan you just have to pay the first premium in advance.

• This can be later considered as a part of your regular installment.

• A plan that will bare the financial responsibilities of your family in your absence.

• The minimum eligibility limit to avail this plan is 18 years and the maximum is of 50 years.

• The minimum sum assured under this plan is Rs.2000.

• The maximum sum assured under this plan is Rs.30, 00,000.

• This plan provides the premium to be included with the home loan repayments.

• Tax benefits are also available under section 80 C and 10(10) D.