Extending the Safety Umbrella for all NPL Customers
Housing Life Insurance for NPL Customers
Another innovative safeguard for our customers under the CAS and the HBP programs would be the “Housing Life Insurance Scheme” (HLIS). The HILS would consist of a group life insurance policy and a life insurance policy for the clients willing to participate in the HLIS. Under this program, the nominee of the deceased client would be the beneficiary of both the group life insurance and the individual life insurance benefits simultaneously in relation to the specified plot/flat. In case of any eventuality, the nominee/s shall get the booked plot/flat without any further payment (except for the cost utility facilities, registration and other fees at actual) out of the group life insurance policy; and a cash amount equal to the ‘Sum Assured’ out of the life insurance policy as well.
