Page 54 - HDFC Bank | Take the cut out of your tax cut

Individual - Self, legally married spouse as long as they
continue to be married, son, daughter, brother, sister,
grandson, granddaughter, son in-law, daughter in-law,
brother in-law, sister in-law, nephew, niece.
Floater - Self, legally married spouse as long as they
5 Relationship Covered continue to be married, dependent children (up to 4) Yes Yes
Note: Son/Daughter/Child will include legally adopted
Child and Step Child.
In case of a family floater policy premium to be calculated
on the basis of age of eldest member.

Waiting Periods

Pre-existing Waiting
1 48 Months Yes Yes
Period
2 Initial Waiting Period 30 Days Yes Yes

3 Specific Waiting Period 24 Months Yes Yes
1) Upfront Good Health Discount - 10% basis good
health risk classified. We will allow this discount once
at the time of obtaining first Policy from Us. (In case
4 Discount of Family Floater risk of each insured will be evaluated Yes Yes
and average discount need to be calculated)

Discount applied only on first policy year premium.
2) Early bird discount
(Applicable if Insured Persons age at enty is less than
35 years at the time of inception of first policy.) This Yes Yes
discount will be available at renewal 5% discount from
4th policy year to 7th policy year. 10% discount from
8th Policy year onwards.

3) Family Discount
This discount will be applicable on both New Business
and Renewal policy premium. Yes Yes
2 members in a policy – 5% discount on applicable
premium, 3 or more members in a policy – 10%
discount on applicable premium.
4) Long Term Discount
7.5% on selecting a 2 years policy
10% on selecting a 3 years policy Yes Yes

This discount will be applicable on both New Business
and Renewal Policy premium only in case of Single
Premium Policies.

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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