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HDFC Life Insurance

HDFC Life Insurance Company Limited is a joint venture between Housing Development Finance Corporation Limited and Standard Life Aberdeen plc. It has become one of the top life insurance companies operating in India today.

HDFC life has good PAN India presence with its products available in 11,200 branches.

HDFC Life commenced its operations in the year 2000 offering a range of individual and group life insurance solutions. The product portfolio contains insurance and investment products such as Protection, Pension, Savings, Income and Health. The Company has two wholly owned subsidiaries namely HDFC Pension Management Company Limited and HDFC International Life and Re Company Limited.

Interesting Facts about HDFC Standard Life Insurance

  • HDFC has its presence in more than 980 cities and towns across India
  • The company has also opened a liaison office in Dubai
  • It has multi-channel distribution system for its insurance products
  • Claim settlement ratio of HDFC life for the year 2016-17 was 97.62%

Benefits of HDFC Standard Life Insurance

  • HDFC Life is offering a huge range of life insurance plans such as protection, retirement, savings, health, investment, etc.
  • Due to its vast network and distribution channel the investment products are available in all major cities and towns in India
  • The company also provides customisation of insurance plans by offering riders to enhance protection for 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.

Life Insurance Plans Offered by HDFC Life Insurance

Term Insurance Plans

HDFC Life Click 2 Protect 3D Plus: HDFC Life Click 2 Protect 3D Plus 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.

HDFC Life Click 2 Protect Plus : HDFC Life Click 2 Protect Plus is a term insurance plan that safeguards for a nominal affordable cost. The plan protects you and your family against the uncertainties that life may throw at you. The term insurance offers a good range of cover options which you can select depending on your individual’s needs. The plan also helps secure day to day requirements under monthly income & income plus pay out options.

Click 2 Protect Health : This is a combo health plan offered by HDFC Life and Apollo M Munich Health Insurance to offer you dual benefit of health and life insurance in one comprehensive plan. The plan provides protection to you and your family at an affordable price. 9 Choices of plan options are available to customise the plan as per your requirements to get the most out of your premium paid.

Savings and Investment Plans

HDFC Life Click2Invest : HDFC Life Click2Invest ULIP is 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 and make your funds grow. The plan also has tax benefit under Sec 80C and Sec 10(10D) of IT Act, 1961.

HDFC Life Uday : HDFC Life Uday is a non-linked, participating life insurance plan. It offers great benefits like guaranteed additions and bonuses. The plan also has a life insurance protection component ensuring that your family receives a lump sum benefit in case of your unfortunate death. The plan also has an inbuilt accidental death benefit. It also gives guarantees addition of 3% during the first 5 years of the policy.

HDFC Life Sampoorn Nivesh : HDFC Life Sampoorn Nivesh is a life insurance cum investment plan. The plan 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. It has an option to attach accidental death benefit rider.

Retirement Plans

HDFC Life Click 2 Retire : HDFC Life Click 2 Retire is an online Unit Linked pension scheme which helps you to achieve your retirement goals by offering you market linked returns. You can select either a single pay or premium paying term of 8, 10 or 15 years with a policy term of 10 to 35 years (except 11 to 14 years) as per your needs to enjoy comprehensive benefits of the regular income post retirement.

HDFC Life Assured Pension Plan : HDFC Life Assured Pension Plan is a ULIP plan which offers market linked returns on investment along with loyalty additions to help you build a corpus for your retirement. Life Assured Pension Plan can help you with your dream retirement by planning well in advance. The plan has the option of a single pay or premium paying term of 8, 10 or 15 yrs.

HDFC Life Personal Pension Plus Plan : HDFC Life Personal Pension Plus Plan is a participating regular premium deferred pension plan that offers a guaranteed benefit on death or at vesting. The product offers an opportunity to participate in the profits of participating fund of the company by way of bonuses payable to you at the time of vesting. The plan is ideal for individuals who want to plan well for their retirement to get adequate fund accumulation to fulfil all their post-retirement goals.

Health Plans

HDFC Life Cancer Care : HDFC Life Cancer Care is designed to offer you lump sum benefit on diagnosis of Cancer. This ensures your savings are protected from expensive cancer care and giving you the freedom to get the best treatment possible. Lump sum pay-out is provided on different stages of cancer. Future premiums of 3 years will be waived off on diagnosis. You can also avail income benefit for next 5 years under platinum option. Tax benefit can be availed on premiums paid under Sec 80D of the Income-Tax Act, 1961.

HDFC Life Easy Health : HDFC Life Easy Health is a Fixed Benefit health insurance plan that provides coverage against Hospitalization, Surgical procedures and Critical illness depending upon the plan option chosen. The plan has daily hospital cash benefit, lump sum pay out on diagnosis of 18 critical illnesses listed or 138 surgeries specified. Tax benefit can be availed on premiums paid under Sec 80D of the Income-Tax Act, 1961.

HDFC Life Claim Settlement Process

  • Inform HDFC life of the claim by filling the claim form which is available on the HDFC life website. You can also email the company for claim intimation on the below email addresses:

    • Life Insurance/Critical Illness Claims: claims@hdfclife.com

    • Health Insurance Claims: healthassure@hdfclife.com

  • The company representative will guide on the documents required to process the claim. You can also 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 hrs for all policies over 3 years from the date of inception.

Review of HDFC Standard Life Insurance

HDFC Life has a huge range of life insurance products to offer for each type of investor. The company has an impressive distribution channel and partner for its products and services. With an impressive track record of same day claim processing and healthy claim settlement ratio, the life insurance products are offering great value.

HDFC Life Contact Details

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.

Toll Free Phone: 1800 266 9777 (All Days 10am to 7pm)

SMS : SMS LIFE to 56161

EMAIL : buyonline@hdfclife.in

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