Everything About The HDFC Term Insurance Plans

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:

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:

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

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.

For Online-

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.