HDFC Life Insurance

HDFC Life Insurance Company Limited is a joint venture between Housing Development Finance Corporation Limited and Standard Life Aberdeen plc, a leading well known provider of financial savings & investments services in the United Kingdom.
HDFC Life commenced its operations in the year 2000, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment and Health Solutions. As on March 31, 2018, the Company had 34 individual and 11 group products in its portfolio, along with 8 optional rider benefits, catering to a diverse range of customer needs.

HDFC Life has about 414 branches and presence in 980+ cities and towns in India. The company has also established a liaison office in Dubai

The Company also has two wholly owned subsidiaries namely HDFC Pension Management Company Limited and HDFC International Life and Re Company Limited. Since its establishment, HDFC Life Insurance Company Limited has become one of the top life insurance companies operating in India today.

Highlights of HDFC Life Insurance

The company’s vision is ‘to provide innovative and customer centric insurance plans that can help our customers secure their family's future as well as help them with other benefits such as tax savings. Keeping this in mind we offer a large range of life insurance plans such as term insurance plan, women's plan, health insurance plans, pension plans for retirement planning, child education plans, ULIPs, saving and investment plans.

HDFC Life has its presence in more than 980 cities and towns across India
The company has also established a liaison office in Dubai
It has multi-channel distribution system for its insurance products

-The company has successfully honoured 97.8% Individual claims and 99.27% Group claims for the financial year 2017-18.

As on June 30, 2018, the insurer had 34 individual and 11 group products in its portfolio, along with 8 optional rider benefits.

Benefits of HDFC Life Insurance Plans

HDFC Life offers a various range of life insurance plans such as protection, retirement, savings, health and investment.
Its vast network and distribution channel has ensured that their investment products are available in all major cities and towns in India
The company also provides customisation of insurance plans such as enhanced rider protection for an extra premium
The company has a healthy claim settlement ratio which means its claim settlement process is hassle-free and it offers good service to its customers

Documentation needed to apply for a HDFC Life Insurance Plans

You need to fill and sign the Proposal form, Illustration copy and the Most Important Document.

Proposal Form consists of Plan details and Personal details of the Life to be Assured, Nominee, Beneficiary and Appointee (where applicable).

The Illustration copy contains basic policy details such as the Policy term, Frequency, Plan name and assumed returns on investment at various stages of the policy including the effect of charges (applicable only for Unit Linked policies).

Most Important Document (MID) is a One Page Declaration Form which you need to fill, that will serve as an understanding of the key features of your policy.

Address Proof, Identity Proof, Age Proof and Income Proof should be also submitted along with the documents stated above.

Since a standard requirement of an identity and address proof is mandatory for applying for a life insurance policy. The following documents are considered valid:

Aadhaar card, a biometric, digital and physical identity system.
Indian passport or an Overseas Passport
Electoral Photo Identity Card (EPIC) issued by the Election Commission of India
Overseas Citizenship of India Document
Person of Indian Origin Card
Permanent account number (PAN) card (income tax)
Driving licence in India issued by the states
Ration card issued by the Government of India
Identity Certificate for non-citizens or stateless people
A Birth certificate issued by the Registry of Births and Deaths (RBD) or from a Municipality within the provisions of the RBD Act
Transfer/School leaving/Matriculation Certificate

Types of HDFC Life Insurance

Protection Plans

These are affordable term insurance plans that provide full protection and financial stability to your loved ones, in case of any unforeseen events.

Why do you Need a Protection Plan?

A protection plan is simply known as a term insurance plan. A term insurance is a type of life insurance plan offered by an insurance company which provides financial coverage to the policyholder for a specific time period. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary. Among all life insurance plans, term insurance provides the highest life insurance coverage at the lowest premiums during the period of the plan. Term Insurance Plans by HDFC Life provides you with the advantage of a larger life insurance cover for an affordable premium. Individuals can also add-on additional features such as rider protection and cover for critical illnesses.

HDFC Life Click 2 Protect 3D Plus:

This is an online term insurance plan that offers comprehensive protection at an economical cost. The name 3D stands for the three big risks of Death, Disability and Disease. The online term plan safeguards the family financially in case of an eventuality. The plan offers a wide range of 9 plan options to choose as per every individual's unique needs. Additional benefits include life cover at nominal cost, life stage protection, flexibility while purchasing a plan and tax benefits. Note: This online term plan is designed to pay out the entire sum assured as lump-sum on death of the policy holder or on diagnosis of Terminal Illness. Also, all future premiums are waived upon Total Permanent Disability due to an accident.

Features

Provide financial cover to the insured and his or her family at an affordable cost.
The online term plan can be customized with a choice of 9 plan options.
All future premiums are waived in case of Accidental Total Permanent Disability and on diagnosis of critical illness (available under 3D Life & 3D Life Long Protection options).
Life stage protection feature offers to enhance insurance cover for certain key milestones without medicals.

Benefits

HDFC Life Click 2 Protect 3D plus provides 9 plan options. Lumpsum (6 options) - Life Option, Extra Life Option, 3D Life Option, Life Long Protection, Option, 3D Life Long Protection Option and Return of Premium Option Lump Sum + Monthly (3 options) - Income Option, Extra Life Income Option and Income Replacement Option

Eligibility Criteria

All Options except Life Long Protection Option & 3D Life Long Protection Option

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 65 years
Maturity Age	Minimum - 23 years Maximum - 75 years Maximum - 85 years (For Life, Extra Life, Income and Extra Life Income options only)
Policy Term	Minimum - 5 years Maximum - 40 years Maximum - 50 years (For Life, Extra Life, Income and Extra Life Income options only)

Life Long Protection Option & 3D Life Long Protection Option

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Entry Age	Minimum - 25 years Maximum - 65 years
Maturity Age	Whole of life
Policy Term	Whole of life

HDFC Life Click 2 Protect Plus:

This term insurance plan provides protection at a nominal & affordable cost. It protects you and your family against the uncertainties of life. The term insurance offers a good range of cover options which you can select depending on your individual’s needs. This plan is suitable for people who are the sole breadwinners of the family.

Features

Choice of cover option – Life Option, Extra Life Option, Income Option and Income Plus Option
Provide monthly income to family members in the absence of the insured under Income and Income Plus Option
Increase insurance cover at the key milestones of one’s life under Life Option
Riders can be included for protection against Accidental Disability or Critical Illness

Benefits

Benefits available under HDFC Life Click 2 Protect Plus include:

Death Benefit
Life Option
Extra Life Option (Accidental Death Benefit)
Income option
Income plus option

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 65 years
Maturity Age	Minimum - 28 years Maximum - 75 years
Policy Term	Minimum - 10 years Maximum - 40 years

Click 2 Protect Health:

This is a combo health plan offered by HDFC Life and Apollo Munich Health Insurance. It provides a dual benefit of health and life insurance in one comprehensive plan for you and your family at an affordable price. There are 9 plan options which are available for customisation as per your requirements

Features

Customize policy with a choice of 9 plan options.
All future premiums are waived on Accidental Total Permanent Disability and on diagnosis of Critical Illness (available under 3D Life & 3D Life Long Protection options).
Life Stage Protection feature offers to boost insurance cover on certain key milestones without medicals.
Flexibility to increase cover every year through top-up option.

Benefits

Protection - Death Benefit, Terminal Illness Benefit, Benefit on Accidental & Total Permanent Disability (ATPD), Critical Illness Benefit, Accidental Death Benefit, Maturity Benefit, Life Stage Protection and Top Up Option Health - Restore Benefit, Health Checkup, Multiplier Benefit, Critical Advantage Rider and Portability

Eligibility Criteria

All Options except Life Long Protection Option & 3D Life Long Protection Option

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Entry Age	Minimum - 18 years Maximum - 65 years
Maturity Age	Minimum - 23 years Maximum - 75 years Maximum - 85 years (For Life, Extra Life, Income and Extra Life Income options only)
Policy Term	Minimum - 5 years Maximum - 40 years Maximum - 50 years (For Life, Extra Life, Income and Extra Life Income options only)

Life Long Protection Option & 3D Life Long Protection Option

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Entry Age	Minimum - 25 years Maximum - 60 years
Maturity Age	Whole of life
Policy Term	Whole of life

Health Plans

These plans comprise a variety of Health Insurance Plans & Mediclaim Policies that offer financial security to meet health related contingencies.

Why you Need a Health Insurance Plan?

An ever changing and stressful lifestyle are causing diseases with expensive and prolonged treatments. A Health insurance plan helps in protecting your family finances from an unexpected large medical expense caused by an accident or critical illness. It helps meet various health care needs be it based on the life stage of a person or a specific disease.

HDFC Life Cancer Care:

This plan is specifically designed to offer you a lump sum benefit on diagnosis of Cancer. This ensures that your savings are protected from expensive cancer care. Hence, giving you the freedom to get the best treatment possible. Lump sum payout is provided on different stages of cancer and future premiums of 3 years are waived off on diagnosis of the disease. You can also avail income benefit for next 5 years under a platinum option. Additionally, tax benefit can also be availed on premiums paid under Sec 80D of the Income Tax Act.

Features

Offers lump sum benefit on detection of Early and Major cancer
Choice of 3 plan options – Silver, Gold and Platinum
Regular income for 5 years under Platinum option
Waiver of Premium Benefit in case of diagnosis of Early Stage Cancer

Benefits

Silver option - Offer lump sum benefits on diagnosis of cancer Gold option - Along with Silver Benefit, Increased Benefit is also payable. Platinum option - Along with Gold Benefit, monthly income of 1% of applicable Sum Insured for 5 years, on diagnosis of listed Major Cancer, is payable. Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 5 years Maximum - 65 years
Entry Age	Minimum - 15 years Maximum - 85 years
Policy Term	Minimum - 10 years Maximum - 85 years - Entry Age

HDFC Life Easy Health:

A fixed benefit health insurance plan that provides coverage against hospitalization, surgical procedures and critical illnesses depending upon the plan option chosen. This plan features a daily hospital cash benefit and a lump sum payout on diagnosis of 18 critical illnesses listed or 138 surgeries specified within the plan.

Features

Flexibility to choose from 1, 2 or all 3 benefits.
Lump sum pay out on diagnosis of any one of 18 Critical Illnesses
Lump sum pay out against 138 Surgical Procedures
Daily Hospital Cash Benefit in case of hospitalization

Benefits

Choice of any or all of the following benefit options:

Daily Hospital Cash Benefit
Surgical Benefit
Critical Illness Benefit

Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 65 years
Maturity Age	Minimum - 23 years Maximum - 70 years
Policy Term	5 years

Retirement Plans

Retirement & Pension Plans provide you with financial security at the stage of life where you need it the most - old age.

Why do you Need a Retirement Plan?

Retirement Plans, also known as Pension Plans, aim to provide regular income during your retirement with the help of money saved during your term of employment so that you and your family can maintain its lifestyle without your regular pay cheque despite the rising cost of living. Adequate retirement planning will also help you to meet unexpected expenses without having the need to worry about unforeseen events.

What is a Pension Plan?

This is a good saving tool to provide for your future retirement needs. It is similar in function, (accumulation and payout based) where you are paid a regular income throughout the payout phase after your retirement. One of the most common form of this plan is a PF also known as a Provident Fund for the salaried working class. In this fund the employee as well as the employer contribute jointly towards the corpus on a monthly basis. It is directly deducted from the salary and the benefits are given post retirement based on the investments made on the money accumulated during the employment phase.

HDFC Life Click 2 Retire:

It is an online Unit Linked pension scheme which helps you to achieve your retirement goals by offering you market linked returns. You have an option to start as early as 18 years and customise the mode of payment for the premium as per your needs to enjoy the comprehensive benefits of a regular income post retirement.

Features

This is an online pension plan.
Option to start as early as 18 years
Lower vesting/maturity age of 45 years
Regular, Limited Pay & Single Pay options available

Benefits

The benefits offered under HDFC Life Click 2 Retire Pension Scheme include:

Vesting Benefit
Deferment of Vesting Date
Death Benefit

Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 65 years
Vesting Age	Minimum - 45 years Maximum - 75 years

HDFC Life Assured Pension Plan:

This is a ULIP plan which offers market linked returns on the amount invested along with loyalty additions to help you build a corpus for your retirement needs. It comes with an option of a single pay or premium paying term of 8, 10 or 15 years.

Features

Loyalty additions in the form of Pension Multipliers every alternate year, beginning in the 11th year
Option to start as early as 18 years
Lower vesting/maturity age of 45 years
Limited Pay & Single Pay – Options available in one product

Benefits

Pension Multiplier
Vesting Benefit
Deferment of Vesting Date
Death Benefit Eligibility Criteria

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Entry Age	Minimum - 18 years Maximum - 65 years
Vesting Age	Minimum - 45 years Maximum - 75 years

HDFC Life Personal Pension Plus Plan:

A participating regular premium deferred pension plan that offers a guaranteed benefit on death or at vesting. This plan offers an opportunity to participate in the profits of the participating fund of the company by way of bonuses payable to you at the time of vesting. It is ideal for individuals who want to plan well for their retirement and achieve adequate fund accumulation to fulfil their post-retirement goals.

Features

Flexibility to choose investment horizon from 10 – 40 years
Assured benefit equal to 101% of all regular premiums paid on demise or at vesting
The plan can be taken only on a single life basis
The flexibility to choose the premium payment frequency

Benefits

At vesting (on maturity), one can choose from a range of annuity options and get a guaranteed income for life
Option to commute up to 1/3rd of the vesting benefit tax-free
The minimum level of death benefit is 105% of the premiums paid

Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 65 years
Maturity Age	Minimum - 55 years Maximum - 75 years
Policy Term	10-40 years

HDFC Life Click 2 Retire:

It is a Unit Linked pension scheme that aims to offer market linked returns to enable you to achieve capital growth. It helps you meet the objective of building a robust corpus for your post retirement years. It is an online pension plan. The entry age is 18 years, while the minimum maturity/vesting age is 45 years. The death benefit offered by this HDFC life insurance policy makes the nominee eligible for higher of the fund value or 105% of premiums paid on the policyholder’s demise during the policy tenure. The plan includes flexible payment options - regular, limited pay and single pay, which policyholders can select from as per their convenience.

HDFC Life Pension Super Plus:

This is yet another unit linked pension plan that specializes in creating wealth for financial stability during your retired life. The premiums are invested in a mix of equities and fixed income assets. At the end of the policy tenure, policyholders are eligible for receiving either the higher of the fund value or the assured benefit of 101% of total premium payments including top-up premiums. Staying invested in the plan over a long term attracts benefits starting from the 11th policy year. At vesting (on maturity), you have the opportunity to purchase an annuity from a range of options. It assures policyholders of a reliable and stable source of income for yourself and your family after you retire. This retirement plan also offers you the flexibility to commute up to 1/3rd of the benefit at vesting tax-free, according to the existing tax laws. In case of the policyholder’s demise during the policy term, the nominee can avail the death benefit.

Features

Flexibility to plan retirement date
Benefit of Assured Maturity (Vesting) Value
Opportunity to build a corpus for post-retirement income
Additional allocation of premium from 11th year onwards

Benefits

At the end of the policy term, the individual will receive higher of the following

Fund Value or
Assured benefit of 101% of all premiums including top-up premiums paid till date -Maturity (vesting) benefit will be used to provide post retirement income i.e. an annuity.

In the event of the policyholder’s demise during the policy period, the nominee will receive the death benefit.

Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 65 years
Maturity Age	Minimum - 55 years Maximum - 75 years
Policy Term	10-40 years

HDFC Life Single Premium Pension Super:

This HDFC life insurance plan is a Single Premium Unit Linked Deferred Annuity Plan or Pension Plan. It is a Unit linked Insurance Plan. Premium payments are in the form of lump sum for the policy to continue for the full policy term of 10 years. The maturity benefit, payable after the completion of the policy term, comprises of either the Fund Value or 101% of single premium along with Top Up (if any), whichever is higher. After the policy matures, the accumulated corpus offers annuity. Individuals can select from five different types of annuity plans - Life Annuity, Joint Life Annuity, Life Annuity with Return of Purchase Price, Life Annuity with Guarantee up to 15 years, and Life Annuity Return of Balance Purchase Price

Features

Benefit of Assured Maturity (Vesting) Value
Builds corpus for post retirement income

Benefits

At the end of the policy term, the individual will receive higher of the following

Fund Value or
Assured benefit of 101% of total premiums paid i.e. single premium plus any top-up premium plus any top-up premiums paid till date

Maturity (vesting) benefit will be used to provide post retirement income i.e. an annuity. In the event of the policyholder’s demise during the policy period, the nominee will receive the death benefit. Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 40 years Maximum - 75 years
Maturity Age	Minimum - 50 years Maximum - 85 years
Policy Term	10 years

HDFC Life Guaranteed Pension Plans:

As the name suggests, this HDFC life insurance offers Guaranteed Additions of 3% for each completed policy year along with a lump sum vesting addition. The policy term ranges from 10 to 20 years, while premiums can be paid through the limited premium payment term of 5, 7 and 10 years.

Features

Guaranteed Additions of 3% of sum assured get accrued for every completed policy year
A lump sum Vesting Addition paid at vesting
Premium payment term of 5, 7 and 10 years
Policy period ranging from 10 to 20 years

Benefits

Limited premium paying term with assured benefit on demise or at vesting
Enjoy lifetime income post retirement
Lump sum vesting benefit payable - which is a total of sum assured on vesting, Guaranteed Additions as well as Vesting Addition
Assured Death Benefit of total premiums paid to date, accumulated at a guaranteed rate of 6% p.a. compounded annually

Eligibility Criteria

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Entry Age	Minimum - 35 years Maximum - 65 years
Maturity Age	Minimum - 55 years Maximum - 75 years

HDFC Life New Immediate Annuity Plan:

HDFC Life New Immediate Annuity Plan is a non-linked traditional annuity plan, available with a range of annuity options. With guaranteed income for a lifetime for you and your partner, on premium payment frequencies – monthly, quarterly, half-yearly or annually.

Features

Guaranteed income for as long as the insured and his or her partner lives
Wide range of annuity options to cater to the policyholder’s diverse needs
Flexibility to choose frequency of annuity from monthly/quarterly/half-yearly/annual options

Benefits

Guaranteed income for as long as the insured and his or her partner lives at a frequency of monthly/quarterly/half-yearly/annual options
Benefit from higher annuity rates at an investment of Rs. 2,50,000 or higher
Death benefit on certain annuity options that provide for return of purchase price or annuity to your spouse

Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 30 years Maximum - 85 years

Savings and Investment Plans

These online investment plans help in systematic and disciplined investment, ensuring that you and your family achieve your financial goals.

Why do you need Savings and Investment Plans?

HDFC Savings and Investment plans help you save regularly and be substantially prepared to meet your family’s financial needs in the future. These policies offer various features that help meet your financial needs with investments made according to your appetite to take risks. They also provide protection to your family and ensure all expenses are covered in your absence as well.

HDFC Life Click2Invest:

An online Unit linked plan that offers you the opportunity to get market linked returns. Along with the financial protection, this plan also offers a wide range of investment funds. You can choose from among 8 fund options to invest your money and get good returns on your investment. Additionally, this plan also has a tax benefit under Sec 80C and Sec 10(10D) of IT Act.

HDFC Life Uday:

A non-linked participating life insurance plan that offers benefits like guaranteed additions and bonuses. This plan has a life insurance protection component ensuring that your family receives a lump sum benefit in case of your unfortunate death. It also has an inbuilt accidental death benefit.

Features

Low ticket size with monthly premium of Rs. 500 and annual premium of Rs. 5,000
Multiple term options:

i) Pay premiums for 8 years and get cover for 12 years or 15 years. ii) Pay premiums for 10 years and get cover for 15 years.

Guaranteed Additions of 3% p.a. during the first five policy years.
Bonuses declared at the end of every financial year

Benefits

Maturity Benefit
Death Benefit
Accidental Death Benefit
Auto Cover Continuance

Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 55 years
Maturity Age	Minimum - 30 years Maximum - 70 years

HDFC Life Sampoorn Nivesh:

A life insurance cum investment plan, it is designed specifically with multiple fund options to help maximize return on investment. It provides the flexibility to choose the investment term from 10 to 25 years.

Features

Flexibility to choose investment term from 10 to 25 years
Customize premium payment options – Single, Limited or Regular
Choice of 3 Benefit Options to suit one’s financial requirements
Option of accidental death benefit by selecting Extra Life Option

Benefits

Provides 3 Benefit Options to choose from -

Classic,
Classic Plus and
Classic Waiver

Eligibility Criteria

Classic (Life) Option

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 53 years (5 Pay) Maximum - 58 years (Other than 5 Pay
Maturity Age	Minimum - 18 years Maximum - 53 years (5 Pay) Maximum - 58 years (Other than 5 Pay

Classic Plus Option

Eligibility	Criteria
Entry Age	Minimum - 0 years Maximum - 48 years (5 Pay) Maximum - 50 years (Other than 5 Pay)
Maturity Age	Minimum - 18 years Maximum - 58 years (5 Pay) Maximum - 60 years (Other than 5 Pay

Classic (Extra Life) Option

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 53 years (5 Pay) Maximum - 58 years (Other than 5 Pay)
Maturity Age	Minimum - 28 years Maximum - 63 years (5 Pay) Maximum - 68 years (Other than 5 Pay)

Classic Waiver Option

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 47 years (5 Pay) Maximum - 50 years (Other than 5 Pay)
Maturity Age	Minimum - 28 years Maximum - 57 years (5 Pay) Maximum - 60 years (Other than 5 Pay)

HDFC Life Click2Invest Plan:

This is a Unit Linked Insurance Plan that specializes in offering market linked returns, ensuring financial security to your family. It serves the dual purpose of insurance and investment. Death Benefit, payable to the nominee on the demise of the policyholder, consists of the Sum Assured or Fund Value or 105% of the total premiums paid, whichever is the highest. The policy gets terminated and the nominee is no longer eligible for any other benefits. The maturity benefit, payable on survival of the policyholder till the end of the policy tenure, comprises of the Fund Value.

Features

8 fund options to choose from
Premium Payment options - Single, Limited: 5 years, 7 years, 10 years and Regular: same as the policy term
Flexibility to choose policy term from 5 to 20 years

Benefits

Death benefit
Maturity benefit

Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 0 years Maximum - 65 years
Maturity Age	Minimum - 18 years Maximum - 75 years
Policy Term	Minimum - 18 years Maximum - 75 years

HDFC Life Sanchay:

This HDFC life insurance policy is designed to offer non–participating traditional plan with guaranteed returns for meeting your financial objectives. It offers the flexibility of selecting their investment horizon as the policyholder’s unique goals. The premium payment terms are 5 years, 8 years and 10 years, while the policy term options are 10 years to 25 years. Guaranteed additions of 8% or 9% of Sum Assured are applicable over and above the maturity benefit, accumulated at simple rate for each completed policy year. The total Guaranteed Maturity Benefit is between 180% and 325% of Sum Assured on maturity, provided all due premiums have been paid.

Features

Non-Participating Traditional Plan with Guaranteed Benefits
Limited premium paying term of 5, 8 or 10 years
Flexibility to choose the policy term from 10 to 25 years
Guaranteed Additions of 8% or 9% of the Sum Assured on Maturity, accrued at simple rate for every completed policy year

Benefits

Limited premium paying term of 5, 8 or 10 years with flexibility to choose policy period between 10 to 25 years
Financial protection against demise throughout the policy term
Guaranteed Benefits of 180% to 325% of the coverage amount on maturity, depending on the policy term

Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 30 days Maximum - 55 years
Maturity Age	Minimum - 18 years Maximum - 65 years (policy term 10 years) Maximum - 80 years (policy term 15 to 25 years)

HDFC Life Super Income Plan:

This HDFC life insurance policy is a limited payment endowment plan that is accompanied by a bonus facility. Premium payment tenure options are 8 years, 10 years and 12 years. The Guaranteed Regular Income is paid for 8 years, 10 years, 12 years or 15 years after the completion of the premium paying term. The Guaranteed Regular Income as Maturity Benefit is between 8% and 12.5% of Sum Assured every year. Thus, the total Guaranteed Base Income would be 100% to 120% of the Sum Assured, along with bonus payable on maturity. Medical diagnostic tests are not compulsory for this plan.

Features

Regular income for a payout period of 8 to 15 years.
Survival benefits ranging from 8.0% to 12.5% of the Sum Assured on Maturity payable every year during the payout period.

Benefits

Limited premium paying term of 8, 10 or 12 years
Guaranteed income every year for a period of 8, 10, 12 or 15 years.
Financial protection against untimely death throughout the premium payment term and the payout period

Eligibility Criteria

Eligibility	Criteria
Entry Age	Minimum - 2 (For policy term of 16 years) and 30 days (For policy term of 18 to 27 years) Maximum - 59 (For policy term of 16 years), 57 (For policy term of 18 years), 55 (For policy term of 20 years), 53 (For policy term of 22 years), 51 (For policy term of 24 years) and 48 (For policy term of 27 years)
Maturity Age	Minimum - 18 years Maximum - 75 years

HDFC Life ClassicAssure Plus:

HDFC Life ClassicAssure Plus serves the dual purpose of investment and insurance plan, which offers guaranteed benefit and capital growth. Reversionary bonus is guaranteed during the premium paying term. It not only assures policyholders of financial security during unforeseen emergencies, but also enables you to plan for your long term investment objectives for self and family. The applicable limited premium payment tenures are 7 years and 10 years. Insurance coverage is offered throughout the policy tenure. This HDFC life insurance plan is applicable on a single life basis.

Features

Limited premium paying terms - 7 or 10 years
Insurance cover throughout the policy period
Guaranteed reversionary bonus for the premium paying term

Benefits

Lump sum payment in case of death during the policy period
Discount on basic premium for policies with sum assured of Rs. 10 lakhs or above
Loan can be availed against the policy

Eligibility Criteria

For a 10-year policy term

Eligibility	Criteria
Minimum-Maximum Entry Age	8-55 years
Minimum-Maximum Maturity Age	18-65 years

For a 15 year policy term

Eligibility	Criteria
Minimum-Maximum Entry Age	3-60 years
Minimum-Maximum Maturity Age	18-75 years

For a 20-year policy term

Eligibility	Criteria
Minimum-Maximum Entry Age	30 days-55 years
Minimum-Maximum Maturity Age	18-75 years

HDFC Life Super Savings Plan:

Features

Flexibility to choose a policy term from 15 to 30 years
Insurance cover for entire policy term
Double Sum Assured in case of accidental death
Boost maturity benefits with reversionary bonuses and terminal bonus, if any

Benefits

Maturity Benefit
Death Benefit
Accidental Death Benefit

Eligibility Criteria

Eligibility	Criteria
Age at Entry	Minimum - 30 days Maximum - 60 years
Age at Maturity	Minimum - 18 years Maximum - 75 years

This is a traditional endowment plan that also participates in bonus declarations by the company. It is accompanied by an inbuilt Accidental Death Benefit Rider that pays an additional Sum Assured, in case of accidental death during the policy tenure. Premiums are payable throughout the policy term, and is accompanied by bonus declarations. This HDFC life insurance also offers loans. This plan offers the Death Benefit, which is the sum assured payable on the death of the policyholder during the policy tenure, provided all premiums have been paid till the time of the death. The death benefit is the Sum Assured or 105% of all premiums paid till death or 10 times the annual premiums paid, whichever is the highest. Additionally, it also includes the accrued bonuses, interim bonus and terminal bonus (if any). Accidental deaths further attract an additional Sum Assured. The Sum Assured, along with all these bonuses, are paid as Maturity Benefit when the policyholder survives through the policy tenure.

HDFC Life ProGrowth Plus:

HDFC Life ProGrowth Plus is a Unit Linked Insurance Plan (ULIP) that serves the dual role of savings and insurance plan by investing in equities and stocks, while offering a life cover. It offers the flexibility to select from a varied range of funds. The Life Option, offers Death Benefit, while Extra Life Option specializes in offering Death Benefit along with Accidental Death Benefit.

Features

Flexibility to choose from a range of funds
Flexibility to choose sum assured

Benefits

Flexibility to choose:

Life Option = Death Benefit Extra Life Option = Death Benefit + Accidental Death Benefit

Flexibility of planning investment strategy on the basis of risk and return requirement

Flexibility to make partial withdrawals

Eligibility Criteria

Life Options

Eligibility	Criteria
Minimum-Maximum Entry Age	14-65 years
Minimum-Maximum Maturity Age	NA-75 years

Extra Life Options

Eligibility	Criteria
Minimum-Maximum Entry Age	18-55 years
Minimum-Maximum Maturity Age	NA-70 years

HDFC SL ProGrowth Super II:

HDFC SL ProGrowth Super II is a smart savings-cum-insurance unit linked plan that will help you to provide the finest for your family, be it today or tomorrow. This ULIP aims to help you achieve long term savings. It offers the flexibility to choose from a term of 10 years or from 15 years to 30 years.

Features

Flexibility to choose a term of 10 years or from 15 to 30 years
Flexibility to choose from a range of funds

Benefits

The savings plan gives one the flexibility to choose from the following 8 options:
Life Option = Death Benefit
Life & Health Option = Death Benefit + Critical Illness Benefit
Extra Life Option = Death Benefit + Accidental Death Benefit
Extra Life & Health Option = Death Benefit + Critical Illness Benefit + Accidental Death Benefit
Life & Disability Option = Death Benefit + Accidental Total & Permanent Disability Benefit
Extra Life & Disability Option = Death Benefit + Accidental Death Benefit + Accidental Total & Permanent Disability Benefit
Extra Life & Health & Disability Option = Death Benefit + Accidental Death Benefit + Critical Illness + Accidental Total & Permanent Disability Benefit
Life & Health & Disability Option = Death Benefit + Critical Illness + Accidental Total & Permanent Disability Benefit

Eligibility Criteria

Life Options

Eligibility	Criteria
	10-30 years
Minimum-Maximum Entry Age	14-65 years
Minimum-Maximum Maturity Age	75 years

Extra Life & Health Option

Eligibility	Criteria
Minimum-Maximum Term Age	10-30 years
Minimum-Maximum Entry Age	18-55 years
Minimum-Maximum Maturity Age	65 years

Life & Health & Disability Option

Eligibility	Criteria
Minimum-Maximum Term Age	10-25 years
Minimum-Maximum Entry Age	18-55 years
Minimum-Maximum Maturity Age	65 years

Extra Life Options

Eligibility	Criteria
Minimum-Maximum Term Age	10-30 years
Minimum-Maximum Entry Age	18-55 years
Minimum-Maximum Maturity Age	70 years

Life & Disability Option

Eligibility	Criteria
Minimum-Maximum Term Age	10-25 years
Minimum-Maximum Entry Age	18-55 years
Minimum-Maximum Maturity Age	65 years

Life & Extra Health Option

Eligibility	Criteria
Minimum-Maximum Term Age	10-30 years
Minimum-Maximum Entry Age	18-55 years
Minimum-Maximum Maturity Age	65 years

Extra Life & Disability Option

Eligibility	Criteria
Minimum-Maximum Term Age	10-25 years
Minimum-Maximum Entry Age	18-55 years
Minimum-Maximum Maturity Age	65 years

HDFC SL ProGrowth Flexi:

This HDFC life insurance policy is again a savings-cum-insurance Unit Linked Plan (ULIP), offering a life cover while helping you plan for your future aspirations. It also offers individuals the flexibility to select from two types of benefits - Life Option or Extra Life Option. Policyholders also have the convenience of choosing from a variety of fund options.

Features

Choice of two benefit options:

Life Option = Death Benefit
Extra Life Option = Death Benefit + Accidental Death Benefit Flexibility to choose from a range of funds.

Benefits

In the event of the insured’s demise during the policy term, the company will pay greater of the Sum Assured or total fund value to the nominee.
On maturity, the individual can take the Fund Value at the prevailing unit prices as lump sum or opt for settlement option.
Flexibility to move accumulated funds from one fund option to another anytime, or redirect future premiums into a different selection of funds.

Eligibility Criteria

Life Options

Eligibility	Criteria
Entry Age	Minimum - 14 years Maximum - 65 years
Maximum Maturity Age	75 years

Extra Life Options

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 55 years
Maximum Maturity Age	70 years

HDFC Life Sampoorna Samriddhi Plus:

HDFC Life Sampoorn Samriddhi Plus is a part of Par (Life) fund. 22% of this fund is invested in equities. It is a limited premium endowment plan that offers the flexibility to extend the life coverage to a maximum of 100 years under whole life coverage. The applicable limited premium payment term is less than 5 years. The policy term options vary between 15 years and 40 years. Further, there are also Guaranteed Additions ranging to a maximum of 5% of the annual “Sum Assured on Maturity” for the first 5 policy years. The plan participates in the profit of the participating fund in the form of bonuses from the 1st year.

Features

Limited premium endowment plan with the option to extend life cover up to 100 years under whole life coverage
Limited premium payment term equal to policy term less 5 years
Flexibility to choose a policy term from 15 to 40 years

Benefits

Choice between the following options

Endowment - Lump sum payable at the end of the policy term.
Endowment with Whole Life - Lump sum paid at the end of the policy period plus sum assured on maturity, payable on survival until the age of 100 years or death, whichever is earlier.

Eligibility	Criteria
Entry Age	Minimum - 30 days Maximum - 60 years
Maximum Maturity Age	Minimum - 18 years Maximum - 75 years

Women’s Plans

Women’s plans are a set of specially created and hand-picked products which suit the needs of women at different stages of their life such as protection, health, retirement, child’s education and long term savings and investments.

Why Women Need Women’s Insurance Plans?

Women need different financial solutions in comparison to men. These solutions include financial protection on spouse’s premature demise, women-specific health risks and financial security in retirement. A Women’s Insurance Plan address these women-specific needs. Women Life Insurance Plans benefit single women as well. Unforseen debts such as loans and taxes would fall on family members if something were to happen to you. An insurance plan can provide your family with the funds needed to pay off these debts.

HDFC Life Smart Woman Plan: A life insurance policy for women that ensures their savings grow. It provides uninterrupted savings with a waiver and funding of premiums for next 3 years on the following events:

Pregnancy complications or birth of child with congenital disorder
Diagnosis of malignant cancer of female organs
Death of spouse

Additional benefits include:

Flexibility to make partial withdrawals
Tax benefits under sections 80C and 10(10D) of the Income Tax Act 1961
Avail multiple modes of premium payment - credit card, internet banking, cheque and auto debit facility

Features

Choice of 4 funds to suit the insured's risk appetite: Income Fund, Balanced Fund, Blue chip Fund and Opportunities Fund Select any of 3 Benefit Options:

Pregnancy complications or birth of child with congenital disorder
Death of spouse (Only with Elite option)
Diagnosis of malignant cancer of female organs Benefits
Under Premier and Elite options - additional periodic cash pay-outs
Flexibility to make partial withdrawals for meeting contingencies
Uninterrupted savings with waiver and funding of premiums for next 3 years on the following events:

Complications with pregnancy or birth of child with congenital disorder
Diagnosis of malignant cancer of female organs
Death of spouse (under Elite option)

Eligibility	Criteria
Proposer Entry Age	Minimum - 18 years
Entry Ages for Female Life to be Assured	Minimum - 18 years Maximum - 45 years
Entry Ages for Female Life to be Assured	Minimum - 21 years Maximum - 50 years

Children’s Plan

Plans designed specifically to cater to the rising cost of children’s education in absence or loss of a parent.

Why you Need a Child Insurance Plan?

In order to cater to your child’s needs like the rising cost of higher education, a child insurance plan is the best option to provide regular income. The financial protection provided in child plans ensure that your child gets the best in the future even in your absence.

HDFC SL YoungStar Super Premium:

A unit-linked insurance plan (ULIP) designed to accumulate savings for your child's future in absence of a parent. In case of unfortunate death of the parent or a critical illness, the sum assured is paid directly to the beneficiary (child) and you do not have to pay further premiums as the policy will cover 100% of the future premiums.

Features

Flexibility to choose from 4 funds - Income Fund, Balanced Fund, Blue chip Fund and Opportunities Fund.
Flexibility to choose premium amount Benefits Save Benefit - In the event of the demise of the parent or a critical illness
- Sum Assured payable to the beneficiary (child)
- Future premiums will be paid by the insurance company
- On maturity, fund value is again paid to the beneficiary Save-n-Gain Benefit - In the event of the demise of the parent or a critical illness
- Sum Assured payable to the beneficiary (child)
- 50% future premiums will be paid by the insurance company towards the policy and 50% of the premiums to the beneficiary on the premium due date
- On maturity, the fund value will get paid to the beneficiary Eligibility Criteria

Life Option

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 65 years
Maturity Age	Maximum - 75 years

Life and Health Option

Eligibility	Criteria
Entry Age	Minimum - 18 years Maximum - 55 years
Maturity Age	Maximum - 65 years

HDFC Life YoungStar Udaan:

A traditional insurance participating plan suitable for parents who intend to invest for the future requirements of their children such as:

Academic expenses before college.
Increasing college fees or marriage expenses.
Miscellaneous and extracurricular expenses that occur during college or school.

This policy features three maturity options to choose from based on which the benefits are payable.

1. Aspiration (Endowment Benefit): A lump sum amount is paid at maturity.

2. Academia (MoneyBack Benefit): The first guaranteed payout is higher than the subsequent payouts during the last 5 years of the policy.

3. Career (MoneyBack benefit): The last guaranteed payout is higher than the subsequent payouts during the last 5 years of the policy.

Two death benefit options to choose from, based on which the death benefit payable is decided.

Classic Policy: Terminates after payment of death benefit.

Classic Waiver: Policy continues after payment of death benefit and all future premiums are waived off.

Features

Three Maturity benefit options to choose from - Aspiration (Endowment benefit), Academia (Moneyback benefit) and Career (Moneyback benefit)
Two Death Benefit options to choose from - Classic and Classic Waiver

Benefits

Survival/Maturity Benefits
Death Benefit

Eligibility Criteria

Death Benefit - Classic Option 1- Aspiration

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Entry Age	Minimum - 0 years (30 days) Maximum - 60 years
Maturity Age	Minimum - 18 years Maximum - 75 years

Death Benefit - Classic Option 2- Academia

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Entry Age	Minimum - 8 years Maximum - 60 years
Maturity Age	Minimum - 23 years Maximum - 75 years

Death Benefit - Classic Option 3- Career

1234	5678
Entry Age	Minimum - 8 years Maximum - 60 years
Maturity Age	Minimum - 23 years Maximum - 75 years

Death Benefit - Classic Waiver All Options

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Entry Age	Minimum - 18 years Maximum - 55 years
Maturity Age	Minimum - 33 years Maximum - 75 years

Rural and Social Plans

These plans have been designed keeping in view the rural population in order to provide them with stable returns and insurance cover.

HDFC SL SarvGrameen Bachat Yojana:

This is a special offering from HDFC Standard Life, exclusively for the benefit of rural customers. This scheme provides robust returns even on an investment as small as Rs. 200 by adding 50% to original investment in 5 years. Apart from guaranteed returns, this plan offers the essential security of a life insurance.

To be eligible for this plan, entry age of the life assured must be between 18 and 60 years of age with a fixed term period of 5 years and the maximum age at maturity is 65. This policy can be taken only on a single-life basis.

The Benefits which can be availed under the HDFC SL SarvGrameen Bachat Yojana include:

Guaranteed returns with the essential security of a life insurance
On survival of the life assured to maturity of the plan which is 5 years after the starting date, a maturity benefit of 300 is payable
Additionally, a surrender value of Rs. 200 and a death benefit of Rs. 5000 is provided throughout policy term

Features

If the insured survives the policy period, a maturity benefit of Rs. 300 is payable.
In case of demise during the policy period of 5 years, sum assured of Rs. 5,000 will be paid.

Benefits Guaranteed returns along with life insurance cover

Eligibility Criteria

Eligibility	Criteria
Entry Age	18 years to 60 years
Maturity Age	Maximum - 65 years

NRI Insurance Plans

Plans which serve as investment options for Non-Residential Indians. They provide a similar set of insurance plan options to NRIs in the field of health, retirement, child, saving and investment and term plans. (Which include the same provided to resident citizens such as - HDFC Life Click 2 Protect 3D Plus, HDFC Life Click 2 Invest, HDFC Life Cancer Care, etc.)

QROPS (Overseas Pension Scheme): If you have accumulated a pension pot in the UK and are looking for an option of investing it through a QROPS, HDFC Life can facilitate your fund transfer through HDFC Life QROPS solutions.

What is QROPS and why do you need QROPs?

A pension scheme which is administered outside the UK and is registered with HMRC (Her Majesty’s Revenue & Customs). QROPS facilitates easy and convenient pension fund transfer from the United Kingdom.

You can opt for QROPS if you have accumulated a pension fund in the UK and wish to transfer the same to India in a tax efficient retirement product registered as QROPS with HMRC. This provides steady income for you post retirement in India.

Eligibility Criteria for HDFC Life Insurance Plans

Types of HDFC Life Insurance Plans	Entry Age Limit (in years)	Maturity Age	Sum Assured	Policy Term (in years)	Mode of Premium
HDFC Standard Life Insurance Term Plan	18 - 65	75	25 lakh - No Upper Limit	10 - 40	Monthly, Quarterly, Half-yearly or Annual
Endowment Plan	18 - 60	75	2,45,145 - No Upper Limit	15 - 30	Monthly, Half-yearly or Annual
Retirement Plan	18 - 65	75	2 lakh - No Upper Limit	10 - 40	Monthly, Quarterly, Half-yearly or Annual
Child Plan	30 days - 60	75	Based on factors like age, premium, etc.	15 - 25	Monthly, Half-yearly or Annual
Savings Investment Plan	30 - 45	70	1 lakh - No Upper Limit	15 - 25	Monthly, Quarterly, Half-yearly or Annual

Awards Won by HDFC Life Insurance Company

Adjudged one of India's Best Companies to Work 2017
HDFC Life received the ICAI Awards - Gold Shield for Excellence in Financial Reporting for the Annual Report 2015-16
HDFC Life Cancer Care awarded the Finnoviti 2016 Award for innovations in BFSI
Indian Insurance Awards 2016 - Best Product
SAP ACE Awards 2016 - Technology Adoption
Dataquest Business Technology Awards 2016 - Mobility
Gold in DL Shah Quality Award 2015 - Improvement in Persistency: A Win for ALL
Indian Insurance Awards 2015 - Life Insurance Company of the Year
Financial Services Marketing Summit Awards 2015 - Customer Responsive Insurance Company
Prime Time Awards 2015 - Best Creative Advertising
Frost & Sullivan 2015 - Project Evaluation & Recognition Program
PCQuest Best IT Implementation Award 2014
Winner at the 10th National Award for Excellence in Cost Management 2013
Recognized as Celent Model Insurer of Asia for the Year 2013
Recipient of Porter Prize 2012
National Award 2012 - Excellence in Cost Management
Received Golden Peacock HR Excellence Award 2011

HDFC Life Claim Settlement Process

First, you need to Inform HDFC Life of the claim by filling the claim form which is available on the HDFC Life website. Alternately, you can also email the company for claim intimation on the below email addresses:

Life Insurance or Critical Illness Claims: service@hdfclife.com

Health Insurance Claims: healthassure@hdfclife.com

The company representative will guide you on the documents required to process the claim. Don’t forget to check the list of documents to be submitted on the company website as per the type of claim.
Send all the documents to the insurance company at the earliest for a faster claim process.
The company maintains to have processed all the claims within 24 hours for all policies over 3 years from the date of inception.

Documents Required for Claim Settlement

To help you in arranging the documents faster, we have here a tentative list of documents that need to be submitted with the claims form.

Life Insurance Claim Documentation

Natural Death

Death certificate issued by Govt. / Relevant Authority
Death claim form (includes NEFT)
Original Policy Document (In Case of DEMAT, Original Policy Documents are not Required)
Claimant’s Identity & Residence Proof
Medical records at the time of death & past illnesses
NEFT Account details

Un-natural Death (Accidental death / Murder / Suicide)

Death certificate issued by Govt. / Relevant Authority
Death claim form (includes NEFT)
Original Policy Document (In Case of DEMAT, Original Policy Documents are not Required)
Claimant’s Identity & Residence Proof
FIR, Police Inquest Report & Panchanama
Post Mortem Report
NEFT Account details

Additional documentation may be requested on case-to-case basis.

Disaster / Natural Calamities

Death certificate issued by Govt. / Relevant Authority
Death claim form (includes NEFT)
Original Policy Document (In Case of DEMAT, Original Policy Documents are not Required)
Claimant’s Identity & Residence Proof
NEFT Account details

Critical Illness Claim

Critical Illness claim form
Medical records (current & past) viz. hospital records, reports of diagnostic tests done.
Original Policy Document (In Case of DEMAT, Original Policy Documents are not Required)
Claimant’s Identity & Residence Proof
NEFT Account details

Additional documentation / forms may be requested on case-to-case basis.

Exclusion of HDFC Life Insurance Plan

Permanent Exclusions - Unless expressly stated to the contrary in the policy, the company shall not make any payment for claims in respect of any Life Insured if it is caused by, arises from, or is in any way attributable to any of the following:

Treatment received outside India

Non-Allopathic and Experimental Treatment

Breach of Law

Conflicts and Disasters

Military Services

Aviation

Hazardous Activities

Self-Inflicted injuries or attempted suicide

Substance Misuse and De-addiction

Rehabilitation and Convalescence

Cosmetic treatments

Sleep and Obesity

Hormone Replacement Therapy

Dental treatments

Routine Eye(s) and Ear ailments

HIV/AIDS

Sexually transmitted Disease and other Sexual problems

Circumcision

Birth Control and Assisted Reproduction

Psychological disorders

Congenital Conditions

Items of personal comfort and non-medical expenses

Expenses of Life Insured as donor

Stem Cell Banking

Expenses other than reasonable & medically necessary

Immunisation & Nutritional treatment

Review of HDFC Standard Life Insurance

HDFC Life has a huge range of life insurance products to offer for each type of investor with additional distribution channels and partners for its products and services. They also have an impressive track record of same day claim processing and a healthy claim settlement ratio of 97.80% for Individual claims and 99.67% for Group claims as per FY 2017-18.

HDFC Life Contact Details

HDFC Standard Life Insurance Company Limited.

CIN: L65110MH2000PLC128245

IRDAI Reg. No. 101

Registered Office

HDFC Standard Life Insurance Company Limited Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi. Mumbai 400 011

Tel No: (022) 67516666

Email: buyonline@hdfclife.in

SMS: Simply text LIFE to 56161

FAQ's of HDFC Life Insurance

How to pay the premium? What are the modes of payment available?

Different modes such as all mediums of internet banking (Debit/Credit Card/Net Banking, etc) are accepted for online payment

How can I check policy status?

Simply visit the website myaccount.hdfclife.com where you will be prompted to enter your registered credentials, (Email id/Client id/Mobile no and password) once you have logged in, the new page will showcase all the features of your policy including status.

What is the policy renewal process?

Simply visit the website myaccount.hdfclife.com and login. Click on instant renewal>Enter your policy details and your premium for renewal shall get generated>Make the payment and the renewal for your policy is done

What is the company’s process to settle claim?

First, you need to Inform HDFC Life of the claim by filling the claim form which is available on the HDFC Life website. Alternately, you can email the company for claim intimation on the below email addresses:

For Life Insurance or Critical Illness Claims: service@hdfclife.com

For Health Insurance Claims: healthassure@hdfclife.com

What is the policy cancellation process?

In order to cancel your policy you will have to visit the nearest HDFC Life Branch and submit a surrender request for your policy.

How can I check my HDFC Life Policy Fund Value?

You can check the Fund Value of your HDFC Life Insurance Policy by following these easy steps:

Call 08000006609 from your registered mobile number.
As soon as the call gets disconnected automatically, you will receive a message with information regarding your current Fund Value.

How can I track my HDFC Life Insurance Policy?

Registered users can track the status of their HDFC Life Insurance Policy by logging into the website of the insurance company using their Client ID, Email ID or Mobile Number. Individuals who don't hold an account need to first register themselves using their policy number and date of birth.

What is sum assured in HDFC Life Insurance?

Sum assured is the guaranteed amount that HDFC Life Insurance pays on the occurrence of an event covered under the policy, such as the demise of the insured. It is also referred to as the cover or the coverage amount.

How can I open HDFC Life statement?

Users can download their HDFC Life statement from the E-Services Section of “My Account”. For further assistance, one can drop an email to service@hdfclife.com.

How does HDFC Life Insurance Policy work?

HDFC Life Insurance Company offers a range of life insurance products, and the manner in which they function differs from one another. Term insurance policies, for instance, are low-cost life covers that pay out the sum assured in case the insured passes away during the policy period. Endowment plans pay maturity benefits if the life insured outlives the policy term, and death benefits in case of the individual’s demise during the policy term. ULIPs provide risk cover for the insured along with investment options to park money in a number of qualified investments.

How can I get HDFC Life receipt?

Users can view and download the premium receipt through the website of HDFC Life Insurance by logging into their account. The insurance company will also mail across the receipt to the registered email address of the policyholder.

How to view HDFC Life policy fund value?

Users can track details of their HDFC Life Insurance policy from the E-Services Section of “My Account”. For further assistance, one can drop an email to service@hdfclife.com.

Can I surrender my HDFC Life policy?

Policies that have saving or investment component can be surrendered after the completion of its lock-in period. According to a recent directive by the insurance regulator, life insurers have been asked not to levy surrender charges if the insured opts to terminate the cover after five years.

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HDFC Life Insurance

Highlights of HDFC Life Insurance

Benefits of HDFC Life Insurance Plans

Documentation needed to apply for a HDFC Life Insurance Plans

Types of HDFC Life Insurance

Eligibility Criteria for HDFC Life Insurance Plans

Awards Won by HDFC Life Insurance Company

HDFC Life Claim Settlement Process

Documents Required for Claim Settlement

Exclusion of HDFC Life Insurance Plan

Review of HDFC Standard Life Insurance

HDFC Life Contact Details

FAQ's of HDFC Life Insurance

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