HDFC Term Insurance Plans

About Hdfc Life

HDFC Life Insurance Started its business in India on 23rd October 2000. The company has opened more than 400 branches across various cities, towns, and villages, and its team of 16,000+ employees works 24/7 to resolve every possible customer query. Recently, Hdfc Life opened its liaison office in UAE to understand the business and investment opportunities. (*Source Wikipedia)

Why Should You Choose HDFC Term Insurance?

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

Types of Term Insurance Plans Offered by HDFC Term Insurance

HDFC Term Insurance offers four types of term insurance plans with multiple flexibilities and unique customer benefits.

1. Pure term insurance policy/level term insurance

   Pure-term or level-term insurance plans are the most straightforward term plans offered by HDFC Life. These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included in these types of plans.

2. Return of premium plans

   People are usually concerned about the what-ifs they live the policy duration. Where will the amount of the premium go? So, HDFC Term Insurance has return of premium plans, which gives the premium amounts back to the policyholders only if they survive the policy term.

3. Increasing sum assured plans

   With the increasing age, income and responsibilities also increase. HDFC Term Insurance offers increasing sum-assured plans that help the policyholders level up the sum assured with duties over time.

4. Term insurance plan with Income Benefit Plans

   Term insurance is usually taken for income replacement so the families do not suffer financially in case of the death of the policyholder. Income benefit plans are offered where the nominee opt. for the desired sum assured in monthly installments.

Features of HDFC Term Insurance Plans

HDFC Term Insurance Plans offer the following features.

List of Riders Offered by HDFC Term Insurance Plans

Riders are crucial in increasing your coverage and covering pre-existing diseases. HDFC term insurance policies consist of multiple riders customers can add according to their needs.

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

Documents Required to buy HDFC Term Insurance Policy

Documents required to purchase an 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 three 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 fulfill all your requirements and come within your budget. You are thinking about where to buy a policy. So, you can buy this HDFC term insurance policy from policyx.com or HDFC Life.

From Buying policyx.com

• Fill out the form 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 pay.

**Once the payment is made, you will receive a 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 using both online and offline methods. To raise a claim in HDFC term insurance plans, the customer needs to follow the below steps:

1. Informing HDFC term insurance

   The first step is to notify the HDFC term insurance about the incident from any of the given mediums: Emailing at claims@hdfclife.com OR Calling at 1860 267 9999 (Toll-free)

2. Filling the Claim Intimation Form

   After informing HDFC term insurance, you have to file a claim intimation form online or offline at your convenience. The basic details you have to fill in:

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

3. Document submission

   Once you inform the HDFC term insurance and fill out 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, suicide, 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

4. Claim settlement

   Once you submit all the documents to the HDFC term insurance, you are accessible from your side. Now, the company will verify all the records from their end. After successful verification, the total sum insured by the policy will transfer to the nominee's bank accounts.

How to Contact my HDFC Life for Your HDFC Term Plan

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

For offline-

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

For Online-

Conclusion

HDFC Life offers a complete and wide variety of term insurance plans for every category of people. HDFC term insurance also has an excellent claim settlement ratio, highlighting the company's outstanding financial report & with over 400+ branch offices all over india. HDFC term insurance plans are worth and appropriate for financial protection for loved ones.