HDFC Term Insurance

HDFC Life Term Insurance Plans

HDFC Life Insurance is one of the largest private life insurance companies, offering a range of insurance solutions, including term plans, savings plans, endowment plans, child plans, retirement plans, etc. They offer more than 60 insurance solutions to fulfill the needs of every customer. HDFC Life has been recognized with several awards, showcasing its commitment to offering excellent services.

HDFC Term Insurance Plans offer financial coverage to your family in case of your unfortunate demise during the policy tenure. HDFC Life is one of India's top term insurance companies, with a strong reputation for providing high-quality insurance products and services. You can choose your policy tenure, premium payment tenure, and sum assured with HDFC term plans according to your financial requirements. You can buy HDFC term plans either from their website or PolicyX.com.

What Sets HDFC Life Term Plans Apart?

• Death benefits for your family
• Affordable premiums
• Long-term coverage option
• Option to choose additional riders
• Tax-saving benefits
• Flexible premium payment options
• Discount on purchasing online

Good Solvency Ratio

In the latest report by IRDAI (2024-2025), HDFC term insurance maintains a healthy solvency ratio of 1.94, which is considered healthy and competitive in the market.

Claim Settlement Ratio

HDFC Term Insurance has maintained a very high claim settlement ratio of 99.68% consistently, indicating a high rate of claim approvals within the same financial year.

Ease of Purchase

HDFC term insurance plans are available both offline and online. If you are a working professional with limited time, you can easily buy a plan online.

Flexibility of Plan

HDFC term insurance plans offer the flexibility to receive the death benefits as a lump sum, in installments (monthly, quarterly, half-yearly, yearly), or a combination of both.

Availability of Riders

HDFC term policies allow you to choose from multiple riders, helping customers select the correct rider based on their individual needs.

Eligibility Criteria of HDFC Term Insurance Plans

To purchase an HDFC term insurance plan in 2025, certain eligibility criteria must be met. Let's understand these criteria in detail.

• Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium.
• Health Condition: Since an HDFC term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine their current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
• Income: An HDFC term insurance plan has no specified minimum income requirement. However, they might ask for your bank statement copies and salary slips to determine the coverage for your term plan.
• Smoking Habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer, as smokers are exposed to severe health hazards like lung cancer.
• Citizenship: Indian citizens can buy an HDFC term insurance plan in India. NRIs or PIOs can also leverage the benefits of a term insurance plan in India.

Additional Benefits Offered By HDFC Term Plans

HDFC Term Insurance Plans offer various additional benefits to policyholders.

Income Payouts

Some HDFC Term Insurance Plans, such as HDFC Life Click 2 Protect Life, also offer an income payout under the Income Plus Option, which helps your family maintain a comfortable life with regular income even after your demise.

Acceleration of Death Benefit

Acceleration of Death Benefit is offered by some HDFC term plans, such as HDFC Life Click 2 Protect Super, upon diagnosis of specified terminal illnesses, up to age 80 years.

Spouse Coverage

Some HDFC term plans offer additional cover for your spouse under the same plan, thereby saving on additional premiums.

Smart Exit Benefit

Some term plans offered by HDFC, such as HDFC Life Click 2 Protect Super, provide a Smart Exit Benefit that helps you get all your premiums back.

No Medical Test Required

Some HDFC term plans, such as HDFC Life Term with Return of Premium, are offered to policyholders without the requirement of any medical tests, making the overall process efficient.

Types of HDFC Life Term Plans

There are various HDFC term insurance plans based on their features. You can choose the one that best suits your requirements.

Basic Term Plan

Plan Name: HDFC Life Saral Jeevan Bima

These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.

Term Plan with Return of Premium

Plan Name: HDFC Life Term with Return of Premium (TROP)

These plans give the premium amount back to the policyholders only if they survive the policy term.

Increasing Sum Assured Plans

Plan Name: HDFC Life Click 2 Protect Super

These plans help policyholders increase the sum assured over time.

Term Insurance Plans with Income Benefit Plans

Plan Name: HDFC Life Smart Term Pro

Income benefit plans are offered where the nominee can opt for the desired sum assured in monthly installments.

Term Insurance with Waiver of Premium

Plan Name: HDFC Life Click 2 Protect Life

In case the policyholder is diagnosed with a critical illness or disability, future premiums are waived.

Riders You Can Avail With HDFC Term Insurance Plans

Here is a list of additional riders that you can avail with HDFC term insurance plans. You can choose the one that aligns with your individual needs.

Documents Required to Buy HDFC Life Term Insurance Policy

Here are the documents required to buy an HDFC Term Insurance Plan:

Photo ID Proof

Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Utility bill, Passport, Voter ID, Ration card.

Medical Records

Medical records of the policyholder if requested.

Income Proof

Bank statement, last three months' salary slips (if salaried).

How to Buy HDFC Life Term Insurance Online

1. Step 1: Visit the official website of HDFC Life.
2. Step 2: Hover over ‘Term Insurance’ and click on ‘View all plans’ under ‘Term Insurance Plans.’
3. Step 3: Click on ‘Buy Online’ under the plan you want to buy.
4. Step 4: Enter various details, including your age, occupation, gender, smoking habits, etc.
5. Step 5: Pay the premium, and your policy will be initiated.

How to File an HDFC Life Term Insurance Plan Claim

HDFC term insurance has made the claim process convenient and hassle-free. Customers can easily file a claim using both online and offline methods. To raise a claim with HDFC Life's term insurance plan, the customer needs to follow these steps:

Online Process

1. Claim Reporting

The first step is to notify HDFC Term Insurance about the incident through any of the following mediums: Sending an email to [email protected] OR Calling 1860 267 9999 (Toll-free).

2. Claim Review

HDFC Life’s customer support staff will review your claim form and assist you at every step. They will then evaluate your claim and notify you if any documents are still pending.

3. Claim Approval and Settlement

Once all documents are submitted to HDFC Term Insurance, the company will verify all records. After successful verification, the total sum insured by the policy will be transferred to the nominee's bank account.

Offline Process

An HDFC term plan claim can be reported by visiting your local HDFC Life Branch Office. For details of HDFC Life Insurance branches, you can visit their website and locate the nearest branch. You must submit the essential documents at the branch for your claim to be processed.

How to Buy HDFC Term Insurance on PolicyX.com

1. Step 1: Fill out the form at the top of this page with the necessary details.
2. Step 2: Select your income and city. Click on 'Proceed'.
3. Step 3: Update your education and occupation details.
4. Step 4: Choose your preferred plan and click on 'Buy this plan'.
5. Step 5: Select the policy term, premium period, and riders (if required), and then proceed to pay.