HDFC Bank partners Ceylinco Life Insurance for Loan Protection Insurance to customers

HDFC Bank recently signed an MOU with Ceylinco Life Insurance Limited for the provision of Loan Protection Insurance cover for the Bank’s loan customers. The Bank’s loan customers and their loved ones will greatly benefit from this value-added feature, which will ensure peace of mind during the tenure of the loan. This partnership between HDFC Bank and Ceylinco Life Insurance Limited will pave the way for the Bank’s loan customers to enjoy best-in class products and services. 

The solution provided by Ceylinco Life Insurance Limited ensures that, in case of an untimely demise or total permanent disability of a Bank’s loan customer, the loan repayment will not become an additional burden to his or her loved ones. It is the policy of the bank to provide this protection to all Mortgage loan customers, and Guarantor loan customers whose loan amount is more than Rs 500,000/=.

HDFC Bank is a specialised bank with a track record of over 34 years in the provision of housing and related financial services. The Bank’s recent product diversification resulted in the introduction of new credit schemes, including Development Loans, Gold Loans and Leasing. HDFC operates with 39 branches, covering all districts of the country. Further, the Bank’s mobile banking operation serves over 150 townships in the country. The Bank has embraced modern technology to keep abreast with new technological developments, and to better serve its rapidly increasing customer base with cutting edge banking solutions.