HDFC Bank’s Credit Card Division is cross selling HDFC Group’s product. They sent to every customer of HDFC Credit Card an offer for subscription to Credit Shield and Fraud loss Cover from HDFC Ergo General Insurance Co.
What are the Features Offered by Credit Shield and Fraud loss Cover Insurance by HDFC Ergo ?
- Fraud loss Cover upto 3.5 lac
- Upto 5 lac of cover on ‘all’ loan outstanding with HDFC Bank (Credit Card, Personal Loan and Education loan) on accidental death / permanent total disability
- Sum assured of 5 lac on accidental death / permanent total disability
- Education grant of 25,000 (one kid < 21 yrs)
- Total coverage is upto 13.75 lac
What is the premium they are Charging for the above Policy ?