US Dollar Group Credit Life Plan

A USD-denominated offering for financial institutions

Plan Benefits
File iconWorldwide cover
File iconEasy enrolment
File iconRisk Management
File iconFinancial security
Team Image

About Group Credit Life Plan

group of persondollar animation

Protecting borrowers, empowering lenders

While you help make dreams come true as a lending institution, there may be unfortunate demise of the borrower. This affects not just the borrower’s family but also your financial stability. US Dollar Group Credit Life Plan aims to protect your outstanding against loans in the event of the borrower’s demise during the lending period.

US Dollar Group Credit Life Plan is a unique solution offered in USD that not only insures your lent assets but also protects the borrower’s family from the financial burden of repaying the loan in case of an early death.

Why purchase a US Dollar Group Credit Life Plan?

AffordableAffordable

Cost affective premiums with flexible payment option

World Wide CoverWorld Wide Cover

Borrower is covered anywhere in the world with USD settlement

Easy EnrolmentEasy Enrolment

Convenient, hassle-free enrolment process

Risk ManagementRisk Management

Lender benefits as risk of default is transferred to the insurer

Financial securityFinancial security

Borrower’s family is relieved of financial obligations from outstanding debt

What are we offering

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3 different cover option

(Decreasing term assurance option)
(Decreasing term assurance option with moratorium)
(Level term assurance)

Voluntary and mandatory options
available

Joint life coverage option available

Who can apply?

team

Minimum group size

5 Members

Minimum age

18 Years

Maximum cover age

80 Years

(age at last birthday)

Maximum age

79 Years

(age at last birthday)

Policy term

1 Year

(annually renewable)

HDFC Life International

From a global lifestyle to the best healthcare in the world for your family or a world class education for your kids, HDFC Life International is here to open up possibilities for the Global Indian with US Dollar denominated innovative solutions.

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Terms and Conditions

HDFC International Life and Re Company Limited, IFSC Branch

FCRN: F06803 & IFSCA Registration No.: IFSCA/IIO/006/2022-23(Regulated by the IFSCA)

Registered Branch Office and Address for Correspondence: Office No. 213, Hiranandani Signature, Second Floor, Block 13B, Zone - 1, GIFT SEZ, Gift City, IFSC, Gandhinagar, Gujarat, India - 382355.

The registered marks including the name/letters "HDFC" in the name/logo of the Company/branch belongs to HDFC Bank Limited ("HDFC Bank") and the name/letters "HDFC Life" is used by HDFC Life Insurance Company Limited ("HDFC Life") and its subsidiary, HDFC International Life and Re Company Limited under a licence/agreement between HDFC Bank and HDFC Life.

For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.

PLEASE EXERCISE CAUTION REGARDING DECEPTIVE PHONE CALLS AND FRAUDULENT OFFERS.