HDFC Life and Sundaram Finance Join Forces to Offer Comprehensive Insurance Solutions

HDFC Life has expanded its partnership with Sundaram Finance to offer HDFC Life Group Credit Protect Plus Insurance Plans. These plans will cover various loan segments, ensuring borrowers' liabilities are settled in the event of their death. The collaboration aims to enhance financial security and accessibility for Sundaram Finance customers.

HDFC Life, a prominent insurer in India, has strengthened its collaboration with Sundaram Finance. The expanded partnership will enable HDFC Life to offer its Group Credit Protect Plus Insurance Plans to Sundaram Finance's customers, covering a diverse range of loan segments, including commercial vehicles, cars, and tractors.

Founded in 1954, Sundaram Finance is a reputable non-banking finance company with an extensive network of over 700 branches across India. The HDFC Life Group Credit Protect Plus Insurance Plan ensures that borrowers' liabilities do not burden their families, settling outstanding loan amounts in the event of the borrower's death.

This strategic partnership leverages Sundaram Finance's broad reach to make life insurance more accessible, reflecting a commitment to financial security. HDFC Life's strong claims settlement ratio and focus on customer service highlight its dedication to policyholders, aligning with IRDAI's vision of 'Insurance for all by 2047'.

(With inputs from agencies.)