HDFC Standard Life Insurance

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HDFC Standard Life Insurance Company Limited

HDFC Standard is a life insurance company has headquarters in Mumbai. It provides individual and group insurance plans. Basically, it is a joint venture between Housing Development Finance Corporation Ltd (HDFC) and Standard Life Plc, which is a leading provider of financial savings and investment services in the UK. HDFC Ltd., holds 72.37% and Standard Life (Mauritius Holding) Ltd. holds 26.00% of equity and the rest are held by others. HDFC Life's insurance plans includes Protection, Pension, Savings, Investment, Health along with Children and Women plans. It also provides the facility of customizing the plans, by adding optional benefits called riders, at nominal price. The company currently has 37 retail and 8 group products, along with 9 optional rider advantages.

Life Insurance is a kind of policy that assist the insured at every important stage of his/her life. It also assists in having a secure post retirement life. Several plans under the life insurance policy are designed in a way that can provide required financial assistance when the insured needs it most.

Why You Need A life insurance Policy ?

Life insurance is basically a great tool that helps you in meeting the financial requirement of your family when you are not around to take care of the same. The motive behind of a life insurance plan is to secure your family after your demise. The best thing about a life insurance plan is that it pays a decided amount to your beneficiary or nominee after your death so that they can easily clear your debts, loans and can continue their standard living. It can also assist you in the case of critical illness. Thus, Life insurance refers to be an essential insurance plan that you must add to your saving and investment portfolio.

Nowadays, it almost becomes essential to have more than one insurance policy. Below are some reasons through which you will understand the importance of having a life insurance plan.

Family’s Financial Needs

If you are the only earning person in your family and there will be no other source of income in case of your demise, then you should buy a life insurance plan for your family’s needs. Have you ever thought that what will they do when you will be not there for them. With no income, their standard of living will surely fall and they will not be able to meet your basic needs as well. Thus, Life insurance plan is a savior for your family in such situations. Loans and Expenses Repayment

You might be paying EMIs for a loan, or you may have borrowed some money from your friend or colleague. Moreover, if you just started your family and your child is still young. In such cases, what if you met an accident and your spouse's is not able to bear all expenses alone. How he/she will manage to do things, to live a normal life, to educate your child. Yes, a life insurance can help them in living a normal life. They will get the funds from insurer to meet their requirements. Draw Loans Against Insurance

Apart from using life insurance’s funds to clear debts and loans, you can also file for a loan against your life insurance plan.

Diverse Investment Options

You can also use your life insurance plan as a good investment option. There are several forms of insurance policies such as Child Insurance plan, Retirement plan, Term Life Insurance, Whole Life Insurance and you can use the same for different purposes. Except for term Insurance policies, all of the plans are a good investment option.

Illnesses and Accidents

It is also a good investment option against the financial burden that you might face during an illness or accident. Under the same, you will be liable to get the treatment from top hospitals without taking tension about its costs.

Tax Benefits

Yes, life insurance policy also offers tax advantages. Under section 80C of the Income-tax Act, most of the insurance policies are liable to get the advantage of tax benefits or tax deductions in the premium amount.

HDFC Life Insurance Plans

HDFC Life insurance plan is offering a wide range of effective life insurance policies. You can easily get the best one for yourselves.

HDFC Life Personal Pension Plan: This plan is designed to help you secure your retirement fund.

HDFC Life Click 2 Retiree- Ulip: It offers market linked returns, with minimal charges.

HDFC Life Pension Plus: It is a regular premium plan that builds a corpus for a better post retirement life.

HDFC Life Single Premium Pension Super Plan: It basically builds corpus for your retirement with a single premium.

HDFC Life Guaranteed Pension Plan: It offers guaranteed income for your retirement.

HDFC Life New Immediate Annuity Plan: It offers regular income in your retirement years.

HDFC Life Click 2 Protect Plus : It offers comprehensive coverage to you & your family.

HDFC Life Cancer Care Plan: It provides lump sum benefits on diagnosis of cancer that assists in protecting your income and savings.

HDFC Life Health Assure Plan: It is a comprehensive insurance plan that provides pure protection with health insurance features.

HDFC Life Click2Invest-Ulip: It is a Unit linked plan that provides good returns and insurance coverage as well.

HDFC Life Super Income Insurance Plan: It is a regular income plan that provides guaranteed benefits.

HDFC SL Crest: It is an Ulip plan that assists in achieving financial goals of your family.

HDFC Life Classic Assure Plus: It helps in achieving the future goals.

HDFC Life super Savings Plan: It improves your family financial security.

HDFC Life ProGrowth Plus: It allows investment based on risk and return requirement.

HDFC SL ProGrowth SuperII: It is a ULIP plan that is available in eight different options.

HDFC SL ProGrowth Flexi: It provides the choice to choose funds for investments.

HDFC Life Sampoorn Samridhi Plus: It builds wealth and plans your legacy and provide lifetime coverage as well.

HDFC Life Invest Wise Plan: It is a single premium Ulip Plan that allows you to build a corpus as well.

HDFC SL ProGrrowth: It offers insurance coverage, which assist in building wealth in short time span

HDFC SL Young Star Super Premium: It helps in fulfilling child’s future needs.

HDFC Life Young Star Udaan: It ensures guaranteed payout at different stages in your child’s life.

HDFC Life Smart Woman Plan: It is an insurance cum investment plan which is specially designed to meet the requirements of women.

Other plans of HDFC Life

- HDFC Group Pension Plan
- HDFC Life New Group Unit Linked Plan
- HDFC Life Group Credit Protect Plus Insurance Plan

- HDFC Grounp Unit Linked Pension Plan
- HDFC Life Group Term Insurance Plan
- HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana Plan

- HDFC Life Group Variable Employee Benefit
- HDFC Life Group Credit Protect Insurance Plan

Contact Address

19th Floor, Lodha Excelus,
Apollo Mills Compound, N.M. Joshi Road, Mahalaxmi, Mumbai - 400 011
Tel : 022-67516666

HDFC Standerd Life Insurance News

CCB To Investigate Complaints Against Insurer Manager

As the jurisdictional police failed to recover valuable, now the case of HDFC Life Insurance manager who has been charged for cheating several consumers is now handed over Central Crime Branch (CCB). The manager – 43-year-old Vishalakshi Bhat – was posted in the BTM Layout branch. She has cheated several persons by promising to provide


Friday January 08, 2016

Insurance JV: Cabinet To Choose On HDFC’s Stake Sale

The government has moved the proposal of HDFC Standard Life Insurance Company for the approval of CCEA, that includes Foreign Direct Investment (FDI) of Rs 1,705 crore, the Finance Ministry said in a statement. HDFC Standard Life Insurance Company  requires approval for transfer of its shares presently held by HDFC to Standard Life (Mauritius Holdings)


Wednesday January 20, 2016

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.  “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance


Monday November 13, 2017

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