Don't leave behind a burden
Protection for the family against burden of repaying outstanding loan in the event of death, disability or illness of the insured member(s).
Flexible payment options
Flexibility to choose your plan with a decreasing cover or level cover.
Flexible loan cover term
Up to 30 years.
One policy, one premium
Pay off your premium in a go with single premium.
Single or joint life coverage options
Enjoy benefits of longer tenures even with a shorter coverage term
Enhance your protection coverage with rider options on payment of additional premium.
Receive Payout Benefits On Demise Of Member
Receive Payout Benefits On Demise Of Member
Surrender Benefits To Be Provided On A Conditional Basis
Surrender Benefits To Be Provided On A Conditional Basis
How to get insured?
- AU customers and non-AU customers can buy insurance via these modes:
Customer support
24x7 help
Quick links
Why AU
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National presence
Bank with us through a network of 2,900+ touchpoints .
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Get a bit more
Enjoy quality services at competitive rates.
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Visit branches without the wait
Our ample touchpoints ensure all our customers are conveniently served.
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Superfast app
Manage and track all your transactions on the AU 0101 App.
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Sustained growth
Expanding by every quarter, with a balance sheet of over ₹1 lakh crore.
Bank anywhere anytime, on the AU 0101 mobile app
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View balance and transactions
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Download account statement
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Request cheque book
40+ lakh customers banking on app
Not sure which product is right for you?
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Personal assistance
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No spam
Customer support
24x7 help
Frequently Asked Questions (FAQs)
How does the plan work?
This is a group insurance plan and the lending institution is called the Master Policy holder (MPH). The Loanee would be the insured member. One of MPH’s representatives would assist the insurer in explaining the benefits and premium to be paid. Post acceptance of duly completed MIF by HDFC Life, insured member would be issued a policy copy.
How will HDFC Life Group Credit Plus Insurance plan help?
In the event of death of the insured member, Loan outstanding amount paid to AU Small Finance Bank and any amount over & above the balance is paid to the nominee (Death Benefit). In case of prepay of Loan, the insurer would be eligible for a surrender value, the calculations of which would be mentioned on policy copy (Surrender Benefit)
What happens in case of death of the member during coverage period?
In case of any unfortunate event like death, nominee should contact the MPH or HDFC Life for intimation of the same. List of documents along with Claim form needs to be submitted with the request. The benefit applicable would be paid by HDFC life.
What does one need to keep in mind while applying for Insurance?
It is very much important for the member at the time of Issuance to give complete and correct information especially about age and health. These details are critical for making sure members get right benefits under the plan.
Can insurance cover be provided to co-borrower/guarantor?
Yes. Insurance cover can be provided to co-borrower / in case of partnership and proprietorship firms. Borrower consent will be required for offering insurance to Co-borrower.
What will happen to the insurance cover if the applicant decides to cancel the loan or in case of foreclosure of the loan?
Post foreclosure of the loan, the applicant may choose to continue with the insurance cover or surrender the policy. If the customer chooses to discontinue the policy after the free look-in period the surrender value will apply & branches may forward such request to central operations.
Disclaimers
AU SMALL FINANCE BANK LTD with registered office at 19-A, Dhuleshwar Garden, Ajmer Road,Jaipur- 302001, Rajasthan (CIN: L36911RJ1996PLC011381 is the master policyholder of HDFC Life. Tel: 1800 1200 1200 / 1800 26 66677. Loan Borrowers of AU SMALL FINANCE BANK LTD are eligible to avail the Group Credit Protect Plus Insurance Plan as per applicable terms and conditions. The insurance products offered here are underwritten by HDFC Life
It is voluntary to buy HDFC Life Group Credit Protect Plus Insurance Plan with your Loan
HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245. IRDAI Registration No. 101. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. Email: service@hdfclife.com, Tel. No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00.
Website:www.hdfclife.com The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. HDFC Life Group Credit Protect Plus Insurance Plan (UIN:101N096V03, Form No: P501-124) is a Non Linked Non Participating Group Life Insurance Product. Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. MC/10/22/30093
