HDFC Life Insurance

HDFC Life is a joint venture between HDFC Ltd., India's leading housing finance institution and Abrdn PLC (formerly Standard Life Aberdeen PLC) a global investment company. HDFC Life has 372 branches and is present in around 980+ towns and cities in India. It deals with a wide range of products such as Pension, Protection, HDFC Life Savings & Investment, Child, Women, and Health plans. In the financial year 2020-21 alone, HDFC Life insured over 4 crores of lives and was awarded the Superbrand 2021.

HDFC Life boasts partnerships across formats to be over 300, comprising traditional partners such as NBFCs, MFIs, and SFBs, and including new-ecosystem partners. Life Insurance HDFC is one of the most reputed companies in the country. Life Insurance HDFC is committed to offering innovative products and services that enable individuals to live a ‘Life of Pride’.

As per the latest update of HDFC Life, the company has 38 individual and 13 group products in its portfolio, along with 7 optional rider benefits. With so many life insurance products available, HDFC Life's policy caters to a diverse range of customer needs.

Key Features of HDFC Life Insurance Company

With so many life insurance companies available in India, choosing the right insurance company can be a hectic task. It is important that you choose the right insurer and the right plan that will best suit the potential needs of your family. So, before choosing any life insurance company, you need to check some important factors of the insurance company such as claim settlement ratio, solvency ratio, annual premium, and operating network.

To get more insight into Life Insurance HDFC, take a look at the below key features that will help you to analyze the company based on its performance:

Benefits of HDFC Life Insurance

HDFC Life Insurance Plans

To cater to the dynamic insurance needs of an individual and their family, HDFC Life Insurance comes with several plans. HDFC Life comes with a range of plans that allow the customers to choose their ideal plan as per their and their family's requirements. The company ensures to offer a plan for everyone.

1. HDFC Life Term Plans

   You may not always be around to take care of your family which is why an HDFC Term Plan is an essential investment for the protection of your family.

   Plan	Entry Age	Tenure	Minimum Sum Assured
   HDFC Life Click 2 Protect Super	min. age: - 18 Years max. age: - 84 Years	85 years - age at entry	Rs. 5,000
   HDFC Life QuickProtect	min. age: - 18 Years max. age: - 50 Years	5 to 40 years	Rs. 75,00,000
   HDFC Life Click 2 Protect Life	min. age: -18 Years max. age: - whole life	10 years to whole life	Rs. 50,000
   HDFC Life Saral Jeevan Bima	min. age: -18 Years max. age: - 70 Years	5 to 40 years	Rs. 50,000
   HDFC Life Smart Term Pro	min. age: -18 Years max. age: - 60 Years	15 to 40 years	Rs. 15,00,000
   HDFC Life Smart Term Edge	min. age: -18 Years max. age: - 60 Years	12 to 30 years	Rs. 5,00,000
   HDFC Life Term with Return of Premium	min. age: -18 Years max. age: - 50 Years	10 to 30 years	Rs. 5,00,000

   Know More About: HDFC Term Insurance Plans

2. HDFC Life Savings Plan

   HDFC Life Savings Plan are financial instruments that will help individuals realize their life goals without any risk.

   Plan	Entry Age	Tenure	Minimum Installment Premium
   HDFC Life Sanchay Plus	min. age: - 5 Years max. age: - 80 Years	7 to 20 years	Rs. 2,500 (Monthly)
   HDFC Life Sanchay Fixed Maturity Plan	min. age: - 90 days max. age: - 80 Years	5 to 40 years	Rs. 875 (Monthly)
   HDFC Life Sanchay Par Advantage	min. age: - 0 Years max. age: - 65 Years	100 years	Rs. 2,188 (Monthly)
   HDFC Life ClassicAssure Plus	min. age: - 30 days max. age: - 60 Years	10 to 20 years	Rs. 48,032 (Sum Assured)
   HDFC Life Super Income Plan	min. age: - 30 days max. age: - 59 Years	15 to 27 years	00% of sum assured on maturity divided by payout period
   HDFC Life Sampoorna Samridhi Plus	min. age: - 30 days max. age: - 60 Years	15 to 40 years	Rs. 1,000 (Monthly)
   HDFC Life Uday	min. age: - 18 Years max. age: - 55 Years	12 to 15 years	Rs. 28,465 (Sum Assured)
   HDFC Life Pragati	min. age: - 8 Years max. age: - 55 Years	5 to 20 years	Rs. 100 (Monthly)
   HDFC Life Saral Jeevan	min. age: - 8 Years max. age: - 50 Years	6 to 20 years	Rs. 1,000 (Monthly)
   HDFC Life Smart Income Plan	min. age: - 4 Years max. age: - 60 Years	19 to 37 years	Rs. 3,000 (Monthly)
   HDFC Life Assured Gain Plus	min. age: - 3 Years max. age: - 60 Years	10/12/15 years	Rs. 5,000 (Monthly)
   HDFC Life Star Saver	min. age: - 3 Years max. age: - 60 Years	10/12/15 years	Rs. 5,500 (Monthly)
   HDFC Life Guaranteed Wealth Plus	min. age: - 3 Years max. age: - 60 Years	12/15 years	Rs. 10,000 (Monthly)
   HDFC Life New Creating Life Insurance Plans	min. age: - 18 Years max. age: - 45 Years	10/12/15 years	Rs. 10,000 (Annual)
   HDFC Life Sampoorna Jeevan	min. age: - 75 Years max. age: - 45 Years	75 minus age at entry 100 minus age at entry	Rs. 2,000 (Monthly)
   HDFC Life Secured Income Insurance RP	min. age: - 0 Years max. age: - 55 Years	10/12/15 years	Rs. 15,000 (Annual)
   HDFC Life Guaranteed Income Insurance Plan	min. age: - 3 Years max. age: - 55 Years	16/20/24/30 years	Rs. 15,000 (Annual)
   HDFC Life Guaranteed Income Insurance Plan	min. age: - 3 Years max. age: - 55 Years	16/20/24/30 years	Rs. 15,000 (Annual)
   HDFC Life Income Advantage Plan	min. age: - 3 Years max. age: - 55 Years	16/24/30 years	Rs. 1,090 (Monthly)
   HDFC Life My Assured Income Plan	min. age: - 2 Years max. age: - 60 Years	10/16 years	Rs. 4,000 (Monthly)
   HDFC Life Saral Bachat	min. age: - 8 Years max. age: - 50 Years	6/8/10/12/15/20 years	Rs. 1,000 (Monthly)
   HDFC Life Secured Income Insurance Plus	min. age: - 0 Years max. age: - 50 Years	10/12/15 years	Rs. 25,000 (Annual)
   HDFC Life New Fulfiling Life	min. age: - 15 Years max. age: - 50 Years	85 years minus age at entry	Rs. 12,000 (Annual)

   Know More About: HDFC Investment Plans

3. HDFC Life ULIP Plans

   HDFC Life offers an array of ULIP Plans that allow flexibility to invest in equity or debt funds, depending on the investor’s risk appetite. ULIPs help with capital appreciation over a long period of time, while providing insurance coverage.

   Plan	Entry Age	Tenure	Minimum Sum Assured
   HDFC Life Sampoorn Nivesh	min. age: - 0 Years max. age: - 85 Years	10/15 to 35 years	1.25X Single Premium
   HDFC Life ProGrowth Plus	min. age: - 0 Years max. age: - 65 Years	10 to 30 years	Higher of 10 x Annualized Premium
   HDFC Life Click 2 Wealth	min. age: - 0 Years max. age: - 60 Years	10 to 40 years	1.25X Single Premium
   HDFC Life Click2 Invest ULIP	min. age: - 0 Years max. age: - 65 Years	5 to 20 years	7X Single Premium
   HDFC SL ProGrowth Super II	min. age: - 14 Years max. age: - 75 Years	10/25/30 years	7X Annualized Premium
   HDFC SL Crest	min. age: - 10 Years max. age: - 65 Years	10 years	7X Annualized Premium
   HDFC SL ProGrowth Fexi	min. age: - 14 Years max. age: - 65 Years	10 years	7X Annualized Premium
   HDFC Life Smart Woman Plan	min. age: - 18 Years max. age: - None	10 to 15 years	7X Annualized Premium
   HDFC Life Classic One	min. age: - 0 Years max. age: - 80 Years	10 years	1.25 X Single Premium
   HDFC Life Capital Shield	min. age: - 8 Years max. age: - 60 Years	10 years	7X Annualized Premium
   HDFC Life Wealth Builder	min. age: - 8 Years max. age: - 65 Years	5/10 years	1.25 X Single Premium
   HDFC Life Wealth Elite	min. age: - 0 Years max. age: - 65 Years	10 to 20 years	7X Annualized Premium
   HDFC Life Wealth Maxima	min. age: - 0 Years max. age: - 18 Years	10/15 to 20 years	7X Annualized Premium

   Know More About: HDFC ULIP Plans

4. HDFC Life Retirement Plans

   Inflation can eat all the retirement funds that you saved up. HDFC Life offers retirement plans which help you get better equipped to deal with post-retirement years.

   Plan	Entry Age	Annuity	Annuity payout
   HDFC Life New Immediate Annuity Plan	min. age: - 20 Years max. age: - 99 Years	Life annuity	Rs. 10,000 yearly
   HDFC Life Systematic Retirement Plan	min. age: - 45 Years max. age: - 75 Years	Whole life	Rs. 12,000 yearly
   HDFC Life Systematic Pension Plan	min. age: - 18 Years max. age: - 75 Years	5 to 40 years	Rs. 50,000 (Sum assured)
   HDFC Life Click 2 Retire	min. age: - 18 Years max. age: - 65 Years	15 to 35 years	Rs. 24,000 yearly
   HDFC Life Pension Guaranteed Plan	min. age: - 18 Years max. age: - 65 Years	Whole life	Rs. 12,000 yearly
   HDFC Life Personal Pension Plus	min. age: - 18 Years max. age: - 65 Years	10 to 40 years	Rs. 2,000 (Monthly premium)
   HDFC Life Assured Pension Plus	min. age: - 18 Years max. age: - 65 Years	10/15 to 35 years	Rs. 2,000 (Monthly premium)
   HDFC Life Saral Pension	min. age: - 40 Years max. age: - 80 Years	Whole life annuity	Rs. 1,000
   HDFC Life Smart Pension Plan	min. age: - 25 Years max. age: - 70 Years	5 to 55 years	Rs. 5,000 (Monthly Premium)

   Know More About: HDFC Pension Plan

5. HDFC Life Child Plans

   The birth of a child brings immeasurable joy to parents. But it is essential to plan wisely for his/her future expenses and with HDFC Child plans you can offer your child the best.

   Plan	Entry Age	Tenure	Minimum Sum Assured
   HDFC Life Click 2 Wealth- Premium Waiver	min. age: - 30 Days max. age: - 60 Years	10 to 40 years & 99 Minus age at entry	10X Annualized Premium
   HDFC SL Youngstar Super Premiums	min. age: - 18 Years max. age: - 65 Years	10 to 20 years	10X Annualized Premium
   HDFC Life Youngstar Udaan	min. age: - 30 Days max. age: - 75 Years	15 to 25 years	125% of SA

   Know More About: HDFC Child Plan

How To Buy HDFC Term Insurance Plans?

HDFC Life allows you to buy a term insurance plan via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of the buying process.

How to File HDFC Life Insurance Claims?

Filing a claim for HDFC Life Insurance Plan is a simple and hassle-free task. You can easily fill and submit their claims online or offline. To file a claim for HDFC Life Insurance Plans, you need to follow the below-mentioned steps.

Claim Intimation

Inform the company about the incident via various channels- by writing an email at claims@HDFClife.com, calling on the toll-free number (1860 267 9999), filling the online claim form on its website, or by visiting the nearest branch. The following details have to be provided during the intimation of your claim:

• Name of the policyholder
• Policy number
• Date of death/event of the life assured
• Nominee name
• Cause of death
• Contact details

A claim reference number/intimation number will be provided to you upon successful registration of the claim.

Document Submission

Submit the necessary documents requested by the company to process the claim. In the case of natural death-

• Death claim form.
• Death certificate.
• Original policy documents.
• Claimant's identity & residence Proof.
• Medical records at the time of death & past illnesses.
• Account details of the nominee.

In the case of unnatural death (Accidental death/Murder/Suicide)-

• Death claim form.
• Death certificate.
• Original policy documents.
• Claimant's identity & residence proof.
• FIR, police inquest report & panchanama.
• Post mortem report.
• Account details of the nominee.

Claim Settlement

After receiving all the documents and claim forms, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over call or email.

How to Contact HDFC Life Insurance Company?