HDFC LIFE GROUP JIVAN SURAKSHA

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HDFC LIFE GROUP JIVAN SURAKSHA

HDFC Life Group Jeevan Suraksha (Micro-Insurance product) is aNon-Linked, Non-Participating Group Term Micro-InsuranceProduct. This product has been specially designed for theemployees of Micro-Finance Institutions, Co-operatives andmembers / employees of other homogeneous groups to providefinancial security at a normal cost in the event of unfortunate deathof a member / employee.


Policy Type : Term Policy1 Life 1 Policy : Single customer can avail only one Policy Policy Term : 5yrsPremium Type : Single PremiumPremium Amount : Depends on age of the policy-holder ;

(will be auto-calculated by the system)Sum Assured : 2 lakhsEntry Age : 18yrs to 60yrsMaturity Benefit : Only death benefit applicable within

the policy term.Tax Benefit : Tax exemption under 80C of Income Tax Act, 1961.

Death Benefit under 10(10D) of Income Tax Act, 1961.

FEATURES & BENEFITS


Surrender Value: The surrender of the policy within the term of policy postthe free look period. The surrender value is the discretion of the insurer.

Free Look Period: 15 days from the date of issuance of the policy or COI.

Point to Remember: If any customer is COVID infected he or she will not beeligible to accept the policy. But in case post issuance of policy if anycustomer is found positive, and death happened his/her nominee will be paidwith the death benefit.

FEATURES & BENEFITS


PREMUIM GRID

Age 5 year Prm Grid per 1000 of SA

18 18.21

19 18.74

20 19.14

21 19.46

22 19.70

23 19.90

24 20.08

25 20.27

26 20.49

27 20.78

28 21.14

29 21.60

30 22.17

31 22.88

32 23.75

33 24.78

34 25.99

35 27.40

36 29.04

37 30.94

38 33.12

Age 5 year Prm Grid per 1000 of SA

39 35.6440 38.5441 41.90

42 45.7743 50.22

44 55.3145 61.0646 67.47

47 74.5348 82.1849 90.3350 98.93

51 107.87

52 117.1453 126.7154 136.60

55 146.8956 157.69

57 169.1358 181.3759 194.58

60 208.91


SM Payout : 15% of PremiumSM Commission Frequency : Monthly within 25th of next

of policy issuance,

VLE BENIFITS

PORTAL Walk-Through

VLE Needs to log in to the portal with SM id and Password



VLE needs to click on the ‘Insurance’ tab and then on the ‘Life Insurance’ tab

PORTAL Walk-Through


On the next page VLE needs to click on ‘HDFC Life’ tab

PORTAL Walk-Through


VLE will click on ‘New Transaction’ Tab on the next page

PORTAL Walk-Through


PORTAL Walk-Through

Questionnaire needs to be filled at the beginning before updating personal details


PORTAL Walk-Through

If any of the questions has the answer as ‘yes’ then the customer won’t be allowed to proceed with the policy.


If the answer is ‘NO’ for all the questions then SM is guided back to the home page. On clicking HDFC Life SM has to proceed for the same

PORTAL Walk-Through


VLE will click on ‘New Transaction’ Tab on the next page

PORTAL Walk-Through


The page opens where the details of the policy holder is required to be filled. ‘Select product’ ‘Master Policy Holder Name’ and Master Policy no.’ will be auto generated and cannot be changed.

PORTAL Walk-Through


Other Policy Holder Information needs to be filled.Age of the proposer should be more than 18. AADHAR number cannot be repeated. 1 AADHAR 1 Policy.

PORTAL Walk-Through


On the 2nd page Application Id will be generated and the VLE needs to keep the Application id saved and it will be valid for 24hrs. On this page the ‘Nominee Details’ needs to be filled

PORTAL Walk-Through


If the age of the Nominee opted by the Policy Holder is less than 18yrs then Appointee details needs to be filled. Appointee must be more than 18 years of age.

PORTAL Walk-Through


Medical questionnaire is required to be fulfilled to continue with the policy

PORTAL Walk-Through


Policy can only be availed by customer if the customer is in Sound Health as underIf customer chooses Y he will be eligible for policyIf customer chooses N he will not be eligible for the policy as in Screen shot belowThe question is common for MALE/FEMALE user.

PORTAL Walk-Through


Female questionnaire: In addition to the Sound Heath question Female life to answer the pregnancy question if the answer is ‘YES’ she will not be able to avail the policy. Then ‘Calculate Premium’ button to be clicked at the end of the page.

PORTAL Walk-Through


In the liability section page, the policy details will be seen. GST is not applicable with this Policy Premium

PORTAL Walk-Through


On the 4th page total Premium amount to be paid will be shown. VLE needs to click on ‘SKASH Deduction’ tab

PORTAL Walk-Through


In the SKASH Deduction Page SM has to enter the PIN to complete the process of payment of the policy premium. SM to click on PAY button after entering the PIN.

PORTAL Walk-Through


Once the payment is done from SKASH, VLE will be redirected to the below page where he will get 2 options:1. Money Receipt; 2. Generate Policy

PORTAL Walk-Through


By clicking ‘Money Receipt Download’ VLE will be able to view the Money Receipt against the payment made and the print out can be given to the customer

PORTAL Walk-Through


To generate policy, VLE needs to click on ‘Get COI’ tab

PORTAL Walk-Through


The COI PDF can be opened by using the DOB of the customer in “yyyymmdd” format. Customer to note the COI No. as mentioned and pointed

PORTAL Walk-Through


Policy Document Specimen








Policy Document Specimen The unique no for reference for the customer for policy servicing is the Scheme Member Code as mentioned above and highlighted.


The customer can also get the policy copy through email and sms. Screen shot as under



Claim Process

Basic Documentation for death claims:

• Mail from MPH to initiate the Claim process.•Death certificate issued by the Government / Municipal authority under section 12/17 of the Registration of

Birth and Death Act 1969.•Claim form with NEFT details (personalized cancelled cheque).•Identity and Residence proof of the nominee (with relationship).•Statement of Loan A/c (as per the format mentioned in claim form or as per Annexure VII).•COVID questionnaire form and MEF as attached need to be submitted.

Additional Documentation:

• Cause of death certificate issued by the doctor / hospital.• A copy of medical records for past illnesses / ailments / diseases and for treatments taken at the time of death.• Additional requirements may be raised on case to case basis.

“ During policy issuance the forms (PPT attached) to be signed by customer and keep with them. Duringclaim along with other claim documents nominee to provide the forms signed by the customer”


Documents

HDFC LIFE GROUP JIVAN SURAKSHA