HDFC Life Term Insurance
HDFC Life Term Insurance
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HDFC Term Insurance

HDFC Life Insurance Company Limited was founded in 2000. It is a joint venture between HDFC Ltd. and Standard life Aberdeen. It is one of the leading life insurance companies in India catering to different needs of customers with the help of a wide range of individual and group insurance solutions. HDFC life insurance company is a ruling insurance company by creating unique HDFC term insurance plans and other related plans for the diverse population of India to safeguard their interests.

HDFC Term Insurance Plans allow the policyholders to secure the financial safety of their families in the case of unfortunate events of life at affordable premiums. You can choose from various types of term plans offered by the company such as a pure term plan, an increasing sum assured plan or a return of premium plan. The plans also come with a number of riders to provide additional coverage to your base plan.

Types of HDFC Term Insurance Plans

1. HDFC Life Click 2 Protect 3D Plus

Click 2 Protect 3D Plus is one of the most overrated HDFC term insurance plans that provides complete financial security to your loved ones at affordable prices. The term '3D' stands for various uncertainties of life, i.e. Death, Disability and Disease.

Features & Benefits of buying HDFC Life Click 2 Protect 3D Plus

The death benefit is paid in two forms namely- 1. Lumpsum Payout, 2. Lumpsum Plus Monthly Payout. It gives you choices and flexibility by presenting 4 variants or options to avail the profits from the term plan-

  • You can get rebates on choosing a higher sum assured option of Rs. 1 crore or more. The premium rates vary with the chosen sum assured.
  • The plan helps to reduce your future financial burden during events such as childbirth and marriage of children (declared in the policy).
  • All future premiums are waived off if diagnosed with any listed critical illness (under 3D Life & 3D Life Long Protection options) and Accidental Total Permanent Disability (under all plan options).
  • The death benefit (under the plan) is paid via 2 forms- Lump Sum Payout and Lump Sum Plus Monthly Payout.
  • It offers 9 plan options to the life assured along with several benefits so as to customize the plan as per his/her requirements.
  • It provides flexibility to choose premium paying term and policy term.

Eligibility Criteria of buying HDFC Life Click 2 Protect 3D Plus

Minimum Age of Entry18 years
Maximum Age of Entry65 years
Age of MaturityMinimum: 23 years
Maximum: 85 years
Policy Term Minimum: 1 month and 5 years
Maximum: 85 years minus age at entry
Minimum Sum AssuredRs. 10,000
Maximum Sum AssuredNo limitations
Premium Paying ModeSingle Pay,
Regular Pay
Limited Pay (5 years to 84 years minus age at entry)
Premium Paying FrequencySingle/Annual/Half-yearly/Quarterly/Monthly

**These values may change as per different plan options (Last Updated on 05-11-2020)

Exclusions of HDFC Life Click 2 Protect 3D Plus

  • Any of the listed critical illness conditions where death occurs within 30 days of the diagnosis.
  • Any sickness-related condition manifesting itself within 90 days of the commencement of the policy/date of acceptance of risk or reinstatement of cover.
  • Self-inflicted injuries or suicide irrespective of mental condition.
  • Use of alcohol, drug, medication or sedative unless it is an "over the counter" drug, medication or sedative taken according to package directions or as prescribed by a Medical Practitioner.

2. HDFC Life Click 2 Protect Plus

HDFC Life Click 2 Protect Plus is a term insurance plan that offers comprehensive protection to you and your loved ones against different unexpected events of life. The plan offers multiple plan options and you can choose one as per your needs. It helps in fulfilling your family's future goals (even in your absence) by way of monthly income.

Features & Benefits of buying HDFC Life Click 2 Protect Plus

  • It provides higher sum assured options at an affordable rate of premiums.
  • The plan offers 4 plan options to pick up anyone as per your preferences.
  • It offers flexibility in choosing premium paying terms, premium paying frequency and policy term.
  • Heavy discounts are provided by the plan for non-smoker or policyholders who do not consume tobacco.
  • Increase your coverage amount up to 50% extra in case of financial support during life stage events such as marriage and birth of a child.

Eligibility Criteria of buying HDFC Life Click 2 Protect Plus

Minimum Age of Entry18 years
Maximum Age of Entry65 years
Age of MaturityMinimum: 23 years
Maximum: 85 years
Policy Term Minimum: 5 years
Maximum: 85 years minus age at entry
Minimum Sum AssuredRs. 25 lakhs
Maximum Sum AssuredNo limitations
Premium Paying ModeSingle Pay,
Regular Pay
Limited Pay [5 years, 10 years, 12 years and (Policy term - 5) years]
Premium Paying FrequencySingle/Annual/Half-yearly/Quarterly/Monthly

**These values may change as per different plan options (Last Updated on 05-11-2020)

Exclusions of HDFC Life Click 2 Protect Plus

  • Intentionally self-inflicted injury or suicide, irrespective of mental condition.
  • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner.
  • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion.
  • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft.
  • Taking part in any act of a criminal nature with criminal intent.

3. HDFC Life Click 2 Protect Health

HDFC Life Click 2 Protect Health plan is a combination of term and health insurance that provides comprehensive and affordable protection to its customers.

Features & Benefits of buying HDFC Life Click 2 Protect Health

  • It provides lifelong protection from death (by any cause), terminal illness, accidental total permanent disability and accidental death.
  • Under this plan, special discounts are offered for female policy buyers and non-smokers.
  • You can customize the plan as per your requirements with a choice of 9 plan options.
  • Stay fit and active during the term of the policy to avail up to 8% discount on the premium.
  • Reload your sum assured on complete or partial consumption of sum assured and other benefits. This is applicable only once during the policy tenure.
  • Get maximum coverage up to Rs. 50 lakhs.

List of Critical Illnesses with E-opinion Facility:

  • Cancer of Specified Severity.
  • Chest CABG.
  • Myocardial Infarction (First Heart Attack of specific severity).
  • Kidney Failure requiring regular dialysis.
  • Major Organ/Bone Marrow Transplant.
  • Multiple Sclerosis with Persisting Symptoms.
  • Permanent Paralysis of Limbs.
  • Stroke resulting in permanent symptoms.

Eligibility Criteria of buying HDFC Life Click 2 Protect Health

Minimum Age of Entry18 years
Maximum Age of Entry65 years
Age of MaturityMinimum: 23 years
Maximum: 85 years
Policy Term Minimum: 5 years
Maximum: 85 years minus age at entry
Minimum Sum AssuredRs 10,000
Maximum Sum AssuredNo limitations
Premium Paying ModeSingle Pay,/Regular Pay/Limited Pay (5 years to 84 years minus age at entry)
Premium Paying FrequencySingle/Annual/Half-yearly/Quarterly/Monthly

**These values may change as per different plan options (Last Updated on 05-11-2020)

Exclusions of HDFC Life Click 2 Protect Health

  • If the policyholder commits suicide due to sane or insane condition in the first policy year, then HDFC will return at least 80% of the premiums paid till the date of death.
  • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion.
  • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft.
  • Taking part in any act of a criminal nature with criminal intent.
  • Taking part or practising for any hazardous hobby, pursuit or race unless previously agreed to by HDFC in writing.

Rider Options

The following riders are applicable only for HDFC Life Click 2 Protect 3D Plus and HDFC Life Click 2 Protect Plus Plans:

  • HDFC Life Income Benefit on Accidental Disability Rider: The rider pays 1% of Rider Sum Assured per month for the next 10 years in case of an Accidental Total Permanent Disability. No maturity benefit is payable under the plan.
  • HDFC Life Critical Illness Plus Rider: This rider pays the Rider Sum Assured in case you are diagnosed with any of the 19 Critical Illnesses and survive for a period of 30 days following the diagnosis. No maturity benefit is payable under the plan.

How To Purchase HDFC Term Insurance Plan?

Purchase With HDFC Life:

  • Visit the official website of HDFC Life Insurance.
  • You will see the 'I want to buy' option in a box given at the centre of the page. Choose 'term plan' from the drop-down list.
  • Click on the 'continue' and fill all the required details.
  • Tap on 'next'. You will be redirected to the plan options along with premium details.
  • Select a plan as per your requirements and click on the 'buy now' button.
  • Make the payment and you will get a payment confirmation on your registered email address.

Purchase With PolicyX.com:

  • Go to the top of this page and fill the form 'Get HDFC Term Insurance Quotes Online' with the necessary details and tap on 'Continue'.
  • Select your income and city. Click on 'Proceed'.
  • Choose your education and occupation type.
  • The quotes page of different insurers with all the details will be displayed in front of you. Choose 'HDFC Term Insurance Plan' and click on 'Buy this plan'.
  • Proceed to do the payment.
  • On successful completion, a confirmation receipt will be received in your registered email id.

How To Settle A Claim For HDFC Term Insurance Plan?

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.

Documents 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 un-natural 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 form, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred in the nominee's bank account and the same will be communicated to him/her over call or email.

HDFC Term Insurance : FAQs

1. Are the term insurance plans by HDFC available for NRIs?

Yes, NRIs who hold dual citizenship and qualify as citizens of India can purchase HDFC term plans.

2. What are the tax benefits under HDFC Term Insurance policies?

Under Section 80C of the Income Tax Act, 1961, the premiums paid for HDFC term plans are exempted from tax. The policyholder can avail a maximum benefit of Rs. 1.5 lakhs under the plan.

3. What are the documents needed for filing a critical illness claim for HDFC Term insurance?

  • Claim Intimation Form for critical illness.
  • Original Policy Document (for DEMAT accounts no need).
  • Claimant's Identity & Address Proof.
  • Bank Account Details (IFSC code, original bank statements, cancelled the personalized cheque, passbook with the name of the claimant imprinted over it).
  • Medical records (Discharge/Death summary, Test results, Admission notes, etc. supporting the cause of death.

4. What are the contact details of HDFC Life?

Toll-free Number: 1800-266-0315 10:00 am to 7:00 pm (all days)

E-mail: onlinequery@hdfclife.in

5. How much time does HDFC term insurance take to communicate the claim decision?

The claim decision will be communicated within 15 days after the claim has been examined and approved. The company may ask for extra documents to support the claim.

6. I am an NRI. How will I contact the company after the policy issuance?

For NRI customers Only: Toll-free Number: 1800-267-9999 10:00 am to 7:00 pm (Monday to Saturday as per IST)

E-mail: NRIservice@hdfclife.in

7. Can I link my home loan or any other loan with my HDFC Term Insurance plan?

Yes, you can, if you are the primary borrower of the loan. Write to service@hdfclife.com.

8. Is it possible to reduce the amount of sum assured in order to decrease premiums for my HDFC Term Plan? If yes, then how?

Yes, it is possible. There are 3 options to proceed:

  • Adjust the sum assured within the paid premium.
  • You can remove riders if any.
  • You can change the premium payment frequency or the policy term.

9. Do I need to pay for the medical tests required to buy the HDFC term plan?

In the case of routine medical tests, the company will cover its expenses. In the case of additional medical tests being conducted outside India, its expenses will be borne by the policyholder.

10. Can I increase my coverage in HDFC Life Click 2 Protect 3D Plus?

Yes, you can increase your coverage by using the top-up option offered by the plan.

Last updated on 05-11-2020