HDFC Term Insurance Plans
  • Highest solvency ratio
  • Best branch network
  • Lowest entry age
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Everything About The HDFC Term Insurance Plans

In today's fast-paced and complex world where everything is represented as best and unique, it becomes very difficult to choose the right product that fills your requirements and comes in your budget as well. When it comes to buying term insurance, Hdfc term insurance consists of plans that fulfill your requirements and comes in your budget compared to other term insurance plans in the market. HDFC term insurance plans are popular for giving high coverage at a very low premium, so customers can also opt for add-ons like Critical illnesses, and accidental disability riders which helps their loved ones in tough times.

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About Hdfc Life

HDFC Life started there business in India on 23rd October 2000 after which it never looked back. At present, HDFC Life has opened more than 400 different branches across various cities, towns and villages and its team of 16 thousand plus employees works 24/7 to resolve every possible query of customers. Recently, Hdfc Life also opened its liaison office in UAE to understand the business and investment opportunities. (*Source Wikipedia)

Why choose HDFC Term Insurance?

Since its establishment, HDFC Term Insurance have aimed to provide wide coverage at a lower premium, making it a trustworthy insurance provider in the Indian market. There are many reasons why you should HDFC term plan as your term insurance:

  • Solvency ratio

    The solvency ratio shows the financial health of your insurance provider, IRDAI sets a benchmark of 1.5 or below which indicates the company has bad financial health. In the latest report released by IRDAI (2021-2022), HDFC term insurance maintains a healthy solvency ratio of 1.89, which is considered the best in the market.
  • Claim settlement ratio

    The claim settlement ratio determines how many claims are settled by the insurance company during the same financial year. HDFC term Insurance has maintained a Highest Claim settlement ratio of 99.30% since the beginning, which means almost every single claim that has been raised is settled in the same financial year.
  • Ease of purchase

    HDFC term insurance plans are available in both offline and online mediums. So, in case you are a working professional with limited time, you can buy it online with ease of access.
  • Flexibility of plan

    HDFC term insurance plans give flexibility or multiple options for taking the lump sum payout to the nominee in case of the death of the policyholder.
  • Availability of riders

    Riders play a very important role, in case you have any pre-existing disease or want to increase coverage. HDFC term insurance plans consist of multiple riders, which helps customers to understand their requirements and choose the correct rider.
  • Branch network

    HDFC term insurance has the highest number of branch networks above 400 compared to any other term insurance provider. HDFC term insurance branches are available in almost every major city, town, and village of India.

Types of HDFC Term Insurance plans

HDFC Term Insurance offers multiple types of term insurance policies, Customers can select a plan according to their needs and requirements.

Here is the list of term insurance plans that HDFC offers:

  1. Pure term insurance policy

    As per the word term, the pure term insurance plans cover the policyholders for a specific period of time.

  2. Return of premium policy

    Return of premium plans helps the policyholders to take back their premiums after the completion of the policy duration (after deducting the taxes paid.)

  3. Increasing sum assured policy

    In increasing sum assured plans, the term insurance company increases the sum assured of the policyholder over the period of time without the further need of the underwriter. The cost of premiums is also higher compared to the normal term insurance plans.

  4. Term insurance plan with income policy

    HDFC Term insurance offers a plan with income benefits as well. For eg: if A policyholder is accidentally disabled and is not able to work further then they will get a monthly income under this plan depending upon the sum insured.

HDFC Term Insurance features

HDFC Term insurance offers the following features:

  • Low Entry Age

    The Minimum age for purchasing HDFC term insurance is just Eighteen years. It is helpful in such a way that, at this age, the premium of the term insurance is minimal compared to the later-in-life stage.
  • Protection as per your term

    In HDFC term insurance, you have the flexibility to choose a term, according to your requirements. (eg: if you are a working professional and have many liabilities before retirement you can opt for term insurance till your retirement
  • Flexible premium paying options

    In HDFC term insurance flexible premium paying options are available which means you can select from the monthly, quarterly, half-yearly, and annual premiums.

List of Riders available in HDFC term insurance Policy

Riders play a very crucial role, in increasing your coverage and covering pre-existing diseases. HDFC term insurance plans consist of multiple riders, with whom customers can add according to their needs.

Here is the list of riders available in HDFC Term Insurance Policy

  • Income benefits and accidental disability rider

    Accidental disability might affect your ability to perform your simplest daily activity. In this HDFC term insurance rider, you will get coverage for any form of disability that occurs from any unfortunate events, which means there are only income benefits available to this rider. The death benefits are not available.
  • HDFC life critical illness rider

    Critical illness riders are considered to be very important if your family has a hereditary disease. In this HDFC term insurance rider, you will get a lump sum payout benefit for treatment in case you have been diagnosed with any mentioned critical diseases.
  • HDFC Life Protects Plus Rider

    HDFC Life Protect Plus Rider offers three different options from which customers can select.
    • Personal accident cover- Personal accident cover gives the policyholder payout in case of Accidental death, Accidental total permanent disability, or Accidental partial disability.
    • Accidental death cover- Accidental death cover gives the nominee of the policyholder, one hundred per cent of the rider sum assured.
    • Cancer cover- Cancer cover helps the policyholder to receive a lump sum payout for treatment in case of diagnosis of cancer at any stage during the policy.

Documents Required to buy HDFC term insurance Policy

Documents required to purchase HDFC term insurance policy depend upon the profession of the customer:

For Salaried

  • Photo ID Proof (either of one) - Passport, Aadhar card, Pancard, Driving license.
  • Age proof(either of one)- Passport, Aadhar card, PAN card, Driving license.
  • Address proof(either of one)-Utility bill, passport, voter ID, ration card.
  • Income proof( either of one)- bank statement, last 3 months salary slips.

For self-employed

  • Photo ID Proof (either of one) - Passport, Aadhar card, Pancard, Driving license.
  • Age proof(either of one)- Passport, Aadhar card, PAN card, Driving license.
  • Address proof(either of one)-Utility bill, passport, voter id, ration card.
  • Income proof(either of one)- Bank statement, form 16, last three years ITR filled.

Where to buy HDFC Term policy

As you figure out, HDFC term insurance has the best term insurance plans that fulfills all of your requirements and comes in your budget. You are thinking about where to buy an policy. So, you can buy this HDFC term insurance policy either from policyx.com or HDFC Life.

From Buying policyx.com

  • Fill out the form given at the top of this page with the necessary details.
  • Select your income and city. Click on 'Proceed'.
  • Update your education and occupation details.
  • Choose your preferred plan and click on 'Buy this plan'.
  • Select the policy term, premium period, and riders (if required) and then proceed to make the payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

How to raise a claim in HDFC term insurance plans

HDFC term insurance made the claim process a convenient and hassle free procedure. Customers can easily file a claim in both online and offline procedures. To raise a claim in HDFC term insurance plans customer needs to follow the below steps:

  1. Informing HDFC term insurance

    The first step is to informing the HDFC term insurance about the incident from any of the given medium-

    Emailing at- claims@hdfclife.com Calling at- 1860 267 9999 ( Toll free)

    After informing HDFC term insurance , you have to file claim intimation form through online or offline convenience during which basic details you have to fill like:

    • Name of the policyholder.
    • Date of death
    • Cause of death
    • Policy number
    • Nominee details
    • Contact details
  2. Document submission

    Once you inform the HDFC term insurance and fill up the claim intimation form, it's time to submit the documents to process the claim further, here is a list of documents that are required to be submitted.

    In case of natural death

    • Death claim form.
    • Original policy documents.
    • Medical records.
    • Death certificate
    • Nominee resident proof
    • Account details of nominee

    In case of accidental death, Sucide, murder

    • Death claim form
    • Original policy documents
    • FIR, police inquest report & pancha-nama of tehsil.
    • Death certificate
    • Claimant's identity & residence Proof
    • Post mortem report
    • Account details of the nominee

    Claim settlement

    Once you submit all the documents to the HDFC term insurance you are free from your side. Now, Company will verify all the documents from their end. After successfully verification the total sum insured of the policy will transfer in the nominee bank accounts.

How to Contact my HDFC term insurance policy

There are both offline and online ways available to contact your HDFC term insurance team, to settle claims of your policy, or buy or renew your policy.

For offline-

You can visit any branch office nearby to your office. HDFC term insurance has above 400 branches that are available all over india. Here is the list of major city branches and their addresses.

City Branch address
MumbaiOffice 5th floor, IL&FS Financial Centre, PN C 22G, G Block BKC, Kurla Cplx, Bandra East, Mumbai, Maharashtra 400051
DelhiOffice No F48, 3rd Floor, EROS 48, South Extension I, Block F, New Delhi, Delhi 110049
IndoreOffice 1st Floor, Plot No 19, 1, Sapna Sangeeta Road, above Bank of Baroda, Snehnagar, Indore, Madhya Pradesh 452007
BengaluruOffice 9, 4th Flr, Esquire Centre, Mahatma Gandhi Rd, Bengaluru, Karnataka 560001
LucknowOffice at Cyber Heights, Ofc Space No. 305 /A & B , 3rd PNo., Gomti Nagar, Vibhuti Khand, Lucknow, Uttar Pradesh 226010
HyderabadOffice at Ashoka Raghupathi Chambers, 1 to 62, 3rd Flr, Begumpet, Hyderabad, Telangana 500034
PuneOffice No 301A, 314A, 314B, 315A, 315 B 3F, City Mall, SNo 132/B/1, Shivaji-nagar Nagar main Road, Maharashtra 411007
ChennaiOffice No 32/3, 1st Floor, Velachery Main Road Velachery Chennai - 600042
PatnaOffice at 2nd Floor, Bhagwati Dwarka Arcade, Brajkishore Path, opp. Bank of Maharashtra, Patna, Bihar 800001
JaipurOffice No S/54B, 2nd & 3rd Floor, Scheme C, Opposite Jai Club, Arvind Marg, Jaipur, Rajasthan.

For Online-

Domestic NRI
Toll free-1800 266 9777
Email- buyonline@hdfclife.in, claims@hdfclife.in
Whatsapp- 8291890569
Contact- 8916613503
Email- buyonline@hdfclife.in, claims@hdfclife.in

Conclusion

HDFC term insurance is the only term insurance provider in India which has an outstanding solvency ratio, claim settlement ratio and the highest no of branches available compared to any other term insurance provider. Talking about the riders, HDFC term insurance plans have the rider that gives the highest coverage and even covers all the critical illnesses, while also giving monthly income benefits in case of the permanent disability of the policyholder. HDFC term insurance requires only basic documents like age proof, address proof and income proof to opt for their term insurance plans.

HDFC Top Term Insurance Plans

A plan offering spouse benefits, premium waivers, premium refunds, and death benefits. It is a flexible protection plan that adapts to your changing needs.

Unique Features

  • Return of Premium
  • Offers coverage for whole life
  • Regular monthly income

HDFC Life Click 2 Protect Life (Pros)

  • Auto Balances Death Cover
  • Auto Balances Critical Illness cover
  • Reduce Premium Payment Term

HDFC Life Click 2 Protect Life (Cons)

  • No Suicide Cover
  • No War Injury Cover
  • No Adventure Sports Cover

HDFC Life Click 2 Protect Life (Other Benefits)

  • Life & CI Rebalance
  • Maturity Benefit
  • Waiver Of Premium

HDFC Life Click 2 Protect Life (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 20 L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - SP/RP/LP

HDFC Life Saral Jeevan Bima, a term insurance plan providing flexible premium payment terms and additional rider options to customize your plan.

Unique Features

  • Lump Sum Variant
  • Income Variant
  • Guaranteed Surrender Value

HDFC Life Saral Jeevan Bima (Pros)

  • Discount on Higher Premiums
  • Policy Loan Available
  • No Interest on ROP Minors

HDFC Life Saral Jeevan Bima (Cons)

  • No Alterations Allowed
  • No Death Benefit on Income Payout
  • Advance premiums for monthly payment mode

HDFC Life Saral Jeevan Bima (Other Benefits)

  • 3 Rider Options Available
  • Premium Payment Flexibility
  • Tax Benefits on Premiums and Maturity

HDFC Life Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 30 Days
  • Max Entry Age - 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP

A term plan that offers all-around protection to the policyholder as it protects against 36 critical illnesses, accidental death benefits, etc.

Unique Features

  • Life Stage Option
  • Multiple Coverage Options
  • Increasing Death Benefit

HDFC Life Click 2 Protect Super (Pros)

  • Terminal Illness Benefit
  • Smart Exit Benefit
  • Acceleration Death Benefit

HDFC Life Click 2 Protect Super (Cons)

  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

HDFC Life Click 2 Protect Super (Other Benefits)

  • Death Benefit in Instalments
  • RP, WOP & 3 Riders
  • Additional Cover for Spouse

HDFC Life Click 2 Protect Super (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age - 84 years
  • Minimum Sum Assured - INR 5,000
  • Maximum Maturity Age - 85 years
  • Premium Payment Term - RP/SP/LP

HDFC Life Term With Return Of Premium

This plan guarantees a return of total premiums paid upon policy survival and comes with a high sum assured.

Unique Features

  • High Sum Assured discount
  • Premium Discount for Females
  • No Medical Tests

HDFC Life Term With Return Of Premium (Pros)

  • Premium Payment Options
  • Absolute Amount Assured Paid
  • Tax Benefits on Premiums and Maturity Benefit

HDFC Life Term With Return Of Premium (Cons)

  • No Discount on Limited Pay
  • No Riders Available
  • No Policy Loan

HDFC Life Term With Return Of Premium (Other Benefits)

  • Guaranteed Surrender Value
  • Guaranteed Maturity Benefits
  • No Waiting Period on Accidental Death

HDFC Life Term With Return Of Premium (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 50 years
  • Minimum Sum Assured - 10 L
  • Maximum Maturity Age - 65 years
  • Premium Payment Term - LP/RP

HDFC Life Smart Term Pro

This plan provides a 100% return of premium upon maturity, offers life coverage up to 80 years, and allows premium payments over 5, 8, 10, or 12 years.

Unique Features

  • Riders Protection
  • Premium Discount for Females
  • Family Income Payout

HDFC Life Smart Term Pro (Pros)

  • Death Benefit
  • Maturity Benefit
  • Death Benefit Payout Options

HDFC Life Smart Term Pro (Cons)

  • Reduced Paid-up Benefits
  • Reduced Paid-up Death Benefit
  • No Adventure Sports Cover

HDFC Life Smart Term Pro (Other Benefits)

  • Guaranteed Surrender Value
  • 80% Premiums on Suicide
  • Guaranteed Sum Assured on Maturity

HDFC Life Smart Term Pro (Eligibility Criteria)

  • Entry Age - 30 Days
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 15 L
  • Maximum Maturity Age - 80 years
  • Premium Payment Term - 5/8/10/12 yrs

HDFC Life Smart Term Edge

This policy offers up to 150% return of premiums, comes in 3 variants and with critical illness and accident riders.

Unique Features

  • Life Cover till 75 yrs
  • Guaranteed Surrender Value
  • Return of Percentage of Premiums

HDFC Life Smart Term Edge (Pros)

  • 3 Premium Payment Modes
  • Option to Increase Death Benefit
  • 3 Premium Payment Modes

HDFC Life Smart Term Edge (Cons)

  • No Suicide Cover
  • No Policy Loans
  • No Pre-existing Conditions

HDFC Life Smart Term Edge (Other Benefits)

  • 3 Plan Options
  • 100% Death Cover
  • Tax Benefits on Premiums/Maturity/Riders

HDFC Life Smart Term Edge (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 5 Lakhs
  • Maximum Maturity Age- 75 years
  • Premium Payment Term - 12 to 30 Years

A comprehensive term insurance plan that offers protection against Death, Disease & Disability. 3 different plan options to choose from – 75 lacs, 1cr, 1.25cr.

Unique Features

  • Coverage for 19 Critical Illnesses.
  • 2x coverage for accidental death.
  • Quick Issuance with no medical.

Quick Protect By HDFC Life (Pros)

  • Monthly Income For 10 Years
  • Critical Illness Plus Rider
  • Income Benefit Rider

Quick Protect By HDFC Life (Cons)

  • No HIV Cover
  • No Policy Loans
  • No Pre-existing Conditions

Quick Protect By HDFC Life (Other Benefits)

  • Accidental Death Benefit
  • Maturity Benefit
  • Waiver Of Premium

Quick Protect By HDFC Life (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 50 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 years
  • Premium Payment Term - 5 to 40 Years

HDFC Term Insurance: FAQs

1. How to calculate my hdfc term insurance premiums?

To calculate the HDFC Term Plan Premium, one can use the HDFC Term Insurance Premium Calculator. The calculator will help you to get an estimate of how much you need to pay in monthly or yearly premiums for your insurance policy.

2. How many types of HDFC term insurance are available?

Four different types of term insurance are available.

  • Regular term insurance.
  • Return of premium plans.
  • 100% return of premium at no cost term plan.
  • Whole life insurance policy.

3. Why is HDFC term insurance considered to be the term insurance best plan in india?

HDFC is considered to be the best term insurance plans due to the following reasons such as: highest solvency ratio, highest claim settlement ratio etc.

4. How to check the status of HDFC term insurance plans after purchasing?

You can check the status of HDFC term insurance plans on policyx.com as well as on hdfc main portal.

5. Are there any tax benefits available on HDFC term insurance plans?

Yes, you can take the benefits under section 80C on income of the same financial year.

6. What are documents required to purchase HDFC term insurance plans?

Here are documents needs to purchase HDFC term insurance plans in india:

  • Age proof
  • Address proof
  • Income proof

7. What is the minimum age limit for purchasing HDFC term insurance plans?

The minimum age limit of purchasing hdfc term insurance is 18 years and maximum it goes 60 years of age.

8. How many branches of HDFC term insurance available in india?

In India there are more than 400 offline branches available in almost every city, district and village.

9. Is there a free look period available in HDFC term insurance plans like other term insurance plans?

A free look period of 15 days is available in hdfc term insurance plans, in which the customer can cancel their plan if they are not satisfied with the term of plans.

10. Did HDFC term insurance charge for the medical test in their term insurance plans?

No,HDFC term insurance bears all expenses of all the medical tests in all their term insurance plans.

11. Can Nri also buy the HDFC term insurance plans?

Yes, any NRI that has Indian citizenship can buy HDFC term insurance plans.

12. What are the premium paying terms in HDFC term insurance plans?

In HDFC term insurance plans, there are monthly, quarterly, semi annually, annually premium paying options available.

Other Term Insurance Companies

HDFC Term Insurance Reviews

Read what our customers have to say about HDFC term insurance company

Customer Review Image

Megha Kanwal

Delhi

June 13, 2022

I just received my claim amount of the HDFC Term Policy that my husband had bought for us. Without any hassles I got my claims settled within a month of my husband s death. Thankyou HDFC LIfe f...

Customer Review Image

Sukhi Singh

Allahabad

September 21, 2021

very decent customer support at policyx.com! my benefits and features of click 2 retire was detailed and i have no confusion

Customer Review Image

Kanak Deol

Chandigarh

September 20, 2021

had a good discussion with one the agents at policyx,com! i mean the person was deeply knowlegeable and it was very helpful! Will recommned going forward!

Customer Review Image

Surbhi Verma

Mysore

September 20, 2021

I bought the click 2 protect plan to secure myslef...I think policyx did a fab job piking the right plan for me! got a decent bunch of benefits

Customer Review Image

Kanak Goel

Mumbai

September 17, 2021

This is the second term plan that I m buying from policyx.com. I want to make sure my family has enough after my death so I figured HDFC was a safe bet

Customer Review Image

Kinshuk Chabra

Bhopal

September 16, 2021

with corona and my brother s death due to it, our entire family was in shock. but I went to personally claim the policy after hs death ...it was policyx which guided me and made sure that proce...

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Kushagra M

Pune

September 16, 2021

I purchased my life insurance plan from policyx after my sister suggested it...they made the whole process like 10x easier...so super satisfied

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Jagjeet

Indore

September 13, 2021

policyx was the one who got everything done...it was so simple and quick. i was surprised to see isuarnce has become so convenient

Varun Saxena

Written By: Varun Saxena

Varun is a passionate content writer with over three years of experience in the insurance domain. An avid learner, he stays ahead of the industry's trends ensuring his writing remains fresh and includes the latest insurance shifts. Through his work, Varun strives to engage with targeted insurance readers.