user
Bijit

Question

Is HDFC SL Classic Assure Insurance Plan can only be bought by the person who is having an existing life policy with HDFC life?? One of the agent told me that you can only buy this HDFC SL Classic Assure Insurance Plan if your are an eligible customer of HDFC life. as a per-requisite. They also informed me that you get 3% annual bonus in HDFC SL Classic Assure Insurance Plan

  • Asked By: Bijit
  • On: 16th May 2012 3:19 PM
  • Answered Within: 1 Days
expert
MIC Expert

Answer

HDFC SL ClassicAssure Insurance Plan is a with profits plan that offers a lump sum payment on survival up to the maturity date. In this plan, the policyholder has to pay premiums for only 7 years.

The policy brochure does not share any such condition that one should be an existing customer of HDFC Life to avail this policy. Also it does not mention the rate of bonus that will be declared on maturity.

So you should either request your agent to show these statements in writing on some official paper circulated by HDFC Life Insurance Company or approach the nearest branch of the insurer and discuss this with the branch head or some experienced employee.

  • Answered By: MIC Expert
  • On: 17th May 2012 6:14 PM
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