Page 33 - HDFC Bank | Take the cut out of your tax cut

HDFC Life Cardiac Care
India, today, is poised to become the country with the highest incidence of cardiovascular (cardiac) diseases in the world.
Currently, out of the estimated population of 1.27 billion, around 45 million people suffer from coronary artery diseases.
HDFC Life Cardiac Care is a comprehensive plan aimed at providing financial protection in case you are diagnosed with a
cardiac condition or are undergoing a procedure as covered under the policy.
Tata AIA Life Insurance Smart Health Shield Plan
To help you secure yourself and your loved ones against the financial strain of an unforeseen illness, we bring to you Tata AIA
Life Insurance Smart Health Shield Plan. This plan offers comprehensive coverage against cancer, cardiac diseases and 29
other critical illnesses by providing timely benefits on diagnosis which can help in cost of treatment and reduce the financial
burden on your loved ones.

ABSLI CritiShield Plan
ABSLI CritiShield Plan is a regular pay plan that pays a percentage of sum assured on diagnosis of Early Stage or Major
Stage of Cardiac Condition or Renal Condition or both. This plan provides security to the family with respect to expenses
incurred due to diagnosis of Early Stage or Major Stage of Cardiac or Renal Conditions.

ABSLI Cancer Shield Plan
A comprehensive plan that pays a lump sum benefit on early or major stage Cancer detection. Provision for the requisite fund
and protect your personal savings in a predicament like Cancer.

Keyman Insurance
Keyman insurance refers to a life insurance policy taken by an employer on the life of key persons who is an employee or
who is connected in any manner to the business of an employer, to compensate for financial losses that may arise from the
death of key persons.
The premiums are paid by the person taking the keyman insurance policy and is an allowable business expenditure u/s 37
(1), Income Tax Act, 1961 (subject to conditions specified u/s 37(1)).

Any sum received under keyman insurance policy including any sum allocated by way of bonus on such policy by an
employer would be considered as taxable business income.

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*Based on Retail Loan book size (excluding mortgages). Source: Annual Reports FY 20-21 and No.1 on market capitalisation based on BSE data as on 31st Dec, 2021