Term Insurance PlanHDFC Life CSC Suraksha

The Common Services Centre (CSC) is a strategic cornerstone of the National e-Governance Plan (NeGP), approved by the Government in May 2006, to introduce e-governance on a massive scale in Rural India. These are ICT enabled front end service delivery points at the village level for delivery of Government, Financial, Social and Private Sector services in the areas of agriculture, health, education, entertainment, FMCG products, banking, insurance, pension, utility payments, etc.

The Scheme is being implemented in a public private partnership framework with a focus on rural entrepreneurship & market mechanisms.

Each CSC is expected to serve a cluster of 6-7 villages (approximately 1400 households), thereby covering more than 6.5 lakh villages across India. The CSCs are being looked at as a change agent not only as service delivery points but also as key contributor in promoting rural entre preneurship, building rural capabilities and liveli hoods by enabling community participation and thus, leading to a collective social change.

In order to facilitate inclusion of this section of the population into mainstream insurance, we have launched HDFC Life CSC Suraksha. This low cost and simple to understand insurance plan will be sold through CSC channel, thereby, helping us increase the reach of life insurance in rural areas at a low cost.

HDFC Life CSC Suraksha is a simple, hassle free term insurance plan. This plan provides for a payment of a lump sum in the event of your unfortunate death.

Features of HDFC Life CSC Suraksha

Term insurance plan which keeps you protected for the entire policy termLow premiums to ensure affordability Flexible Policy Term options ranging from 5 to 15 yearsSimple and Hassle Free Issuance of the policy with Declaration of Good Health (DOGH)

Advantages of HDFC Life CSC Suraksha

Stay insured throughout the policy term and ensure your family’s future is in safe handsGet a lump sum payout in case of your unfortunate demise during the policy term Enjoy tax benefits on the premiums paid under Section 80(c) of the Income Tax Act

What is the aim of this plan?

This plan provides a benefit amount in the unfortunate event of death of the Life Assured anytime during the policy

term. This amount would help your family to pay any outstanding debts or fund the day to day expenses, thus easmg the financial womes of yourfamlly.

What are the . Ian o-tions?

Plan Option (wet

Life Opunn Death Beneit

Extra Life Option Death Bandit v Accidental Death Benelit

hmme Option 10% at the Death benefit as a Lump sun with the remaining 90% payable in farm


hmme Plus Dimun 100% UfSum Assured is paid olideath and equal too 5%01 Sim Assured bemmes payable fora penodof 10 years The rlicmhly Income (in be level a increasing at a simple rate til 10% put as change

Who can apply?

Vw can apply if you meet the below eligibility cntena Age Limits Minimum Entry Age 18 years Maximum Entry Age 65 years Maximum Maturity Age 75 years

TERMSS CONDITIONS

a) Exclusions: in case of death due to suicide. within 12 months from the date of commencement of risk or revival of the policy the nominee of the policy holder shall be entitled to 80% of the premiums paid. prov ded the policy is in-force.

b) Free-look Period: In case you are not agreeable to the any policy terms and conditions. you have the option of returning the policy to us stating the reasons thereof, within 15 days from the date of

receipt of the policy. On receipt of your letter along with the original policy documents. we shall arrange to refund you the premium. subject to deduction of the proportionate risk premium for the period on cover and stamp duty. A policy once returned shall not be revived, reinstated or restored at any paint of time and a new proposal will have to be made fora new policy.

c) Grace Period: Grace period of 30 days from the premium due date is available for payment of premiums.

d) Discontinuance of Premiums: If the due premium is not paid within the end of the grace period, the policy shall lapse without value and the policy benefits shall cease.

e) Revival of a Lapsed Policy: You can revive your lapsed policy within 2 years from the date of first unpaid premium subject to the terms and conditionswe may specify from time to time. For revival. you will need to pay all the outstanding premiums and interest on the outstanding premiums and applicable taxes. Interest rate will be as prevailing from time to time. Once the policy is revived. you are entitled to receive all contractual benefits

1‘) AssignmentorTransfer:

(1) This policy may be transferred/assigned, wholly or in part. with or without consideration.

(2) An Assignment may be effected in a policy by an endorsementupon the policy itself or by a separate instrument under notice to the Insurer.

(3) The instrument of assignment should indicate the fact of transfer

or assignment and the reasons for the assignment or transfer. antecedents of the assignee and terms on which assignment is made.

(4) The assignment must be signed by the transferor or assignor or duly authorized agent an dat tested by at least one witness.

(5) The transfer or assignment shall not be operative as against an Insurer until a notice in writing of the transfer or assignment and either the said endorsement or instrument itself or copy there of certified to be correct by both transferor and transferee or their duly authorized agents have beend elivered to thelnsurer.

(6) Fee to be paid for assignment or transfer can be specified by the Authority through Regulations

(7) On receipt of notice with fee, the Insurer should Grant a written acknowledgement of receipt of notice. Such notice shall be conclusive evidence against the insurer of duly receiving the notice.