HDFC Claim Settlement Ratio
  • Check the CSR of HDFC Term Insurance
  • Process of Settling Claims
  • Check the Previous CSR of HDFC Life
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HDFC Term Insurance Claim Settlement Ratio

Claim Settlement Ratio is one of the most crucial factors that one should check at the time of buying an insurance plan. And, HDFC Term insurance is no different. When it comes to Term Insurance, it is the most basic and simplest type of life insurance. It offers your family a cost-effective financial safety and allows you to receive a decent sum assured by paying an affordable premium.

The benefit amount is paid out to the nominee in case of the death of the person insured during the term of the policy.

Other Term Insurance Claim Settlement Ratio

What is a Claim Settlement Ratio?

A claim settlement ratio refers to the percentage of life insurance claims paid out of the total claims filed in a financial year. The higher the ratio, the easier it is for your dependents to claim the insurance when you are no longer with them.

HDFC Term Insurance Claim Settlement Ratio

As per IRDAI, HDFC Term Insurance Claim Ratio is 99.30%. If you have decided to protect your family's financial needs with HDFC Term Insurance, then you must take a look into the company's claim settling performance. It is true that HDFC Life is one of the renowned names in the insurance market, but as a responsible customer and family member, it is your duty to have a deep knowledge of the company's performance when it comes to settling your claims. 

In the below section, we will help you to get an insight into the company's claim settling ability.

Claim Settlement Ratio (CSR) of HDFC Life Insurance 2018-21

Claim Settlement Ratio (CSR) of HDFC Life Insurance 2018-21

Source: IRDAI Annual Reports

How to File a Claim Under HDFC Life Insurance Policy?

HDFC Life allows you to make claim requests online and ensure that you get quicker, simpler, and more efficient assitance. Follow the below steps to understand the claim filing process.

  • Visit HDFC Life's official website
  • Scroll down to the 'Make a Claim' section and click on 'Submit Claim'.
  • The 'How to make a claim' section provides you with a link to make an individual death claim. Click on the option 'Click Here' to proceed.
  • Verify the policy details, submit life assured details, and submit the nominee's details along with the necessary documents.

Once done, the company will contact you with acceptance or rejection of your claim request.

Term Insurance Companies

Check and compare plans from 21 IRDAI-approved term insurance providers before purchasing a term plan.

What Our Customers Have to Say

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Sanjeev

Hyderabad

May 20, 2024

SUD Life term plan truly stands out my expectations as I got SUD Life term plan along with additional riders at very affordable premiums.

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Sumit

Coimbatore

May 20, 2024

I am impresses with the hassle free and quick claim settlement process of SUD Life. Thanks to PolicyX who guided me to get my claim settled.

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Barkha

Delhi

May 20, 2024

Bought SUD Life Family Income Benefit Rider plan to secure the future of my plan financially even in my absence.

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Geetanjali

Kolkata

May 20, 2024

I was looking for a term plan to secure the future of my family. So I contacted PolicyX and one of their representatives Mr. Vaibhav helped me choose SUD Life term plan.

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Armaan khan

Agra

May 17, 2024

I recently purchased a Pramerica term insurance policy from Policyx.com. The customer service team was very helpful in answering all my queries and guiding me through the application process. I...

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Rahul Yadav

Indore

May 17, 2024

PolicyX’s dedicated support made renewing my Bandhan Life Insurance policy easy. I’m absolutely delighted with the service offered by PolicyX Insurance Advisor.

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Priyanshu Sharma

Delhi

May 17, 2024

I bought a Bandhan Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.

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Yash Tomar

Bhopal

May 17, 2024

After getting advice from the PolicyX experts, I chose a Bandhan Life Insurance term plan. Thank you, PolicyX, for helping me buy a term plan at such a low premium.

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.