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)
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:
HDFC Term Insurance offers four types of term insurance plans with multiple flexibilities and unique customer benefits.
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.
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.
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.
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.
HDFC Term Insurance Plans offer the following features.
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
Particulars | Minimum | Maximum |
---|---|---|
Entry age | 18 years | 55 years |
Maturity age | 23 years | 60 years |
Sum assured | INR 5 lakhs | INR 10 crores |
Policy term | 5 years | 40 years |
Minimum Annual premium | INR 12,000 | - |
Documents required to purchase an HDFC term insurance policy depend upon the profession of the customer:
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.
**Once the payment is made, you will receive a confirmation at your registered email address.
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:
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)
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:
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
In case of accidental death, suicide, murder
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.
There are offline and online ways to contact your HDFC term insurance team to settle claims or buy or renew your policy.
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.
City | Branch address |
---|---|
Mumbai | Office 5th floor, IL&FS Financial Centre, PN C 22G, G Block BKC, Kurla Cplx, Bandra East, Mumbai, Maharashtra 400051 |
Delhi | Office No F48, 3rd Floor, EROS 48, South Extension I, Block F, New Delhi, Delhi 110049 |
Indore | Office 1st Floor, Plot No 19, 1, Sapna Sangeeta Road, above Bank of Baroda, Snehnagar, Indore, Madhya Pradesh 452007 |
Bengaluru | Office 9, 4th Flr, Esquire Centre, Mahatma Gandhi Rd, Bengaluru, Karnataka 560001 |
Lucknow | Office at Cyber Heights, Ofc Space No. 305 /A & B , 3rd PNo., Gomti Nagar, Vibhuti Khand, Lucknow, Uttar Pradesh 226010 |
Hyderabad | Office at Ashoka Raghupathi Chambers, 1 to 62, 3rd Flr, Begumpet, Hyderabad, Telangana 500034 |
Pune | Office No 301A, 314A, 314B, 315A, 315 B 3F, City Mall, SNo 132/B/1, Shivaji-nagar Nagar main Road, Maharashtra 411007 |
Chennai | Office No 32/3, 1st Floor, Velachery Main Road Velachery Chennai - 600042 |
Patna | Office at 2nd Floor, Bhagwati Dwarka Arcade, Brajkishore Path, opp. Bank of Maharashtra, Patna, Bihar 800001 |
Jaipur | Office No S/54B, 2nd & 3rd Floor, Scheme C, Opposite Jai Club, Arvind Marg, Jaipur, Rajasthan. |
Domestic | NRI |
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Toll free-1800 266 9777 Email- buyonline@hdfclife.in, claims@hdfclife.in Whatsapp- 8291890569 |
Contact- 8916613503 Email- buyonline@hdfclife.in, claims@hdfclife.in |
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.
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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.