• HDFC Life Insurance

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    HDFC Standard Life Insurance Company Limited, or HDFC Life as it is more commonly called, is a merger between India’s largest housing finance company – HDFC Ltd., and a globally renowned long-term investment savings firm – Standard Life. At the moment, Standard Life holds 35% of the stake and HDFC Ltd. holds 61.63% of the stake in HDFC Life, and the remainder is held by other players.

    HDFC Standard Life has established itself as one of the most trusted insurance firms in the country. It offers a wide variety of products and services for individuals as well as group entities. Whether you are looking for protection plans, women’s or children’s plans, pension plans or savings and investment solutions, HDFC Life has it all.


    Key Highlights of HDFC Life Insurance

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    HDFC Life Insurance 1 Cr Life cover plan

    1 Crore Life Cover

    Get 1 Cr Life cover @₹ 18*/day

    Claim-settlement ratio for HDFC Life Insurance

    Claim Settlement Ratio

    Claim-settlement ratio of 97.62% for year 2016-2017

    Occupation eligibility for HDFC Life Insurance

    Grievances Resolved

    99.89% Grievances Settled for year 2016-2017


    To be eligible for HDFC Life insurance

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    Minimum age for HDFCLife insurance

    You should be at least 18 years old

    Maximum age for HDFC Life insurance

    You should be less than 65 years old

    Occupation eligibility for HDFC Life insurance

    You should be either Salaried, Self- employed, a professional or have your own business


    HDFC Life insurance at a Glance

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    Maximum tenure of HDFC Life insurance

    A maximum tenure of 40 years

    Maximum sum assured for HDFC Life insurance

    Min Sum Assured: Rs 25 Lakhs
    Max Sum Assured: No limit subject to underwriting

    Exclusions for HDFC Life insurance

    Specific exclusions: Suicide within the first 12 months


    Documentation needed to apply for an HDFC Life Insurance

    • 1. Identity Proof
    • 2. Age Proof
    • 3. Income Proof
    • 4. Address Proof
    • 5. PAN Number

    Benefits of HDFC Life Insurance:

    HDFC Life was set up in 2000 and has since grown into one of the biggest and best long-term life insurance companies in India. One of the things that sets HDFC Life apart from its competitors is that it allows customers to customise their plans by adding riders and other optional benefits at relatively inexpensive prices. The company has honoured 97.62% claims under individual life insurance policies and 99.67% claims under group policies in the financial year 2016-17. The insurer has also been conferred with numerous awards and recognitions for its innovative products, adoption of technology, and customer service initiatives.

    HDFC Standard Life also boasts of a large network of branch offices across India. The extensive set of Bancassurance partners and corporate agents help the company reach a wider customer base.

    Different Kinds of Life Insurance Policies Offered by HDFC Life:

    HDFC Standard Life has developed a strong reputation for providing a vast array of insurance policies in all segments, be it protection plans, retirement solutions, children’s plans, savings and investment instruments, women’s plans, etc. Following is a list of the various plans offered by HDFC Life:

    HDFC Life Protection Plans:

    The protection plans offered by HDFC Life Insurance Company are designed keeping a diverse customer base in mind. Since the world is full of uncertainties and it is essential to ensure that our near and dear ones are financially secure at all stages of their lives, protection plans become essential. These plans provide your family a lump sum amount to ensure that their financial needs are taken care of in case of your untimely demise. Following are the protection plans offered by HDFC Life Insurance Company:

    1. HDFC Life Click 2 Protect Plus: The key features of the plan are as follows:

      • This policy enables the policyholder to choose from 4 life cover options.
      • A monthly income is offered to the beneficiary under the policy under Income and Income Plus variants.
      • There is an option to increase the insurance coverage at key milestones under the Life variant.
      • The policy term varies between 10 years and 40 years.
      • Riders can be added to enhance the coverage of the base plan.
      • The plan also offers flexible premium payment term options and tax benefits.
    2. HDFC Click 2 Protect Health: This is a single policy that provides the dual benefits of life and health insurance protection. The key features of the plan are as follows:

      • This is the only insurance plan that provides tax benefits under Sections 80C, 80D, and 10(10D) of the Income Tax Act.
      • The policy is affordable and offers 9 variants to choose from.
      • If the life assured suffers accidental total permanent disability, all future premiums are waived off.
      • Lifelong protection options are made available under this plan and the insurance coverage can be increased at certain milestones in life.
      • Female customers and non-tobacco users can avail special rates on premium.
      • Sum assured restoration facility is offered under health insurance.
      • Customers who stay active and observe claim-free years can benefit from premium discounts and increase in basic sum assured, respectively.
      • Cashless hospitalisation facility is offered under the plan.
    3. HDFC Click 2 Protect 3D Plus: 3D stands for the three uncertainties in life, i.e., disability, disease, and death. This plan is available in 9 variants to choose from. The key features of the plan are as follows:

      • In the event of accidental total permanent disability, the future premiums are waived off.
      • Whole life protection can be availed under certain plan variants.
      • The customer has the flexibility to choose the premium payment term and the policy term.
      • The insurance coverage can be enhanced at certain milestones in the life of the customer.
      • The insurer offers special rates of premium for non-tobacco users and female customers.
      • Tax benefits are offered under the plan.
    Plan Basic Sum Assured Policy Term (Tenure)
    HDFC Life Click 2 Protect Plus Minimum - Rs.25 lakh Maximum - No limit 10 years to 40 years
    HDFC Click 2 Protect Health Protection: Minimum - Rs.10 lakh Maximum - No limit Health: Varies between Rs.3 lakh and Rs.50 lakh Protection: Minimum - 5 years Maximum - 40 years For Life Long Protection Option and 3D Life Long Protection Option, the policy term is the whole life Health: 1 year or 2 years
    HDFC Click 2 Protect 3D Plus Minimum - Rs.10 lakh Maximum - No limit Minimum - 5 years Maximum - 40 years For Life Long Protection Option and 3D Life Long Protection Option, the policy term is the whole life

    HDFC Life Savings and Investment Plans:

    The HDFC Life savings and investment plans are designed in a manner such that customers have multiple avenues to save money so that it can grow over a period of time. These plans help customers in following a systematic investment discipline to ensure that they have adequate funds to meet their long-term objectives. Following are the savings and investment plans that you can purchase from HDFC Life:

    1. HDFC Life ClassicAssure Plus: This is an investment cum insurance plan that allows your money to grow while ensuring a guaranteed benefit to the policy holder.
    2. HDFC Life Sanchay: HDFC Life Sanchay is a non-participating, traditional plan that offers guaranteed benefits. The plan has limited period of 15-25 years as policy term. If all the premiums are paid then the guaranteed maturity benefit can be anywhere between 220%-325% of the sum assured.
    3. HDFC Life Super Income Plan: Super Income plan is a participating plan that offers guaranteed benefits as well as bonuses. It is best suited for individuals looking for a regular income through life insurance.
    4. HDFC Life Sampoorn Samridhi Plus: This is a participating, savings insurance plan from HDFC Life, one of the largest private life insurers in India. This plan is available in two varieties – endowment and endowment with whole life. These plans come with the option for extended coverage up to 100 years under the whole life package. Customers can choose policy tenure between 15 to 40 years, and the plan comes with a built-in accidental death rider which provides additional sum assured.
    5. HDFC Life Uday: This is an insurance plan aimed to provide increased benefits on future savings through bonuses and additions. It also provides the sum assured along with said bonuses as a maturity benefit or death benefit.
    6. HDFC Life Capital Shield: The Capital Shield plan is an investment-cum-insurance plan that provides relatively high returns by investing a proportion of your finances in equity and a part of it in debt whilst also offering life cover.
    7. HDFC SL Crest: The SL Crest from HDFC Life is a short term unit linked insurance plan that helps customers in meeting their investment targets in a short span of 10 years whilst also providing financial security to the family of the policyholder.
    8. HDFC Life ProGrowth Plus: The ProGrowth Plus from HDFC Life is a convenient savings as well as insurance policy that provides life cover in addition to allowing you the freedom to create your own investment strategies. The plan provides market-linked returns and has policy term between 10 years and 30 years.
    9. HDFC SL ProGrowth Super II: The SL ProGrowth Super II from HDFC Life is a savings as well as insurance unit linked insurance plan that helps customers attain long-term savings whilst ensuring that the policyholder and his/her family are always financially covered. The customer has the option to select the investment funds under the policy and even move from one fund to another during the policy term.
    10. HDFC SL ProGrowth Flexi: The Progrowth Flexi from HDFC Life is a savings and insurance unit linked insurance plan that provides financial security to the family of a policyholder. The customer can choose from two plan variants i.e., the Life option and the Extra Life option. The Extra Life option has an in-built Accidental Death Benefit rider.
    11. HDFC Life Sampoorn Nivesh: Sampoorn Nivesh is a distinctive insurance and investment plan that offers the option of multiple funds so that the policyholder can optimise his/her investments. The customer can choose the investment period from 10 to 25 years. The plan offers 3 benefit options to choose from and optional accidental death benefit coverage. After 10 years of investment in the plan, loyalty additions boost the fund value.
    12. HDFC SL ProGrowth Maximiser: The SL ProGrowth Maximiser plan from HDFC Standard Life insurance is a single premium unit linked insurance plan that helps in maximising your returns so that you and your loved ones are financially protected at all times. The customer can also pay a single premium top-up starting from Rs.10,000 based on the investment option selected. This will enhance the fund value and provide greater returns.
    13. HDFC Life SL SarvGrameen Bachat Yojana: This is a microinsurance product that offers significant returns even for an investment as low as Rs.200. The plan provides guaranteed returns and life insurance protection to the rural sections of the society.
    14. HDFC Life Pragati: This is a non-linked savings and protection plan that can be bought for an affordable premium as low as Rs.100 per month. Multiple premium payment options and policy term options are available under the plan. Bonuses can enhance the value of the policy.
    15. HDFC Life Click 2 Invest - ULIP: This is a unit linked insurance plan with 8 fund options from which the customer can pick one. There are multiple premium payment options under the plan. The policy term ranges from 5 years to 20 years. The policyholder can receive up to 10 times the annualised premium as sum assured based on his/her age of entry and the premium payment option chosen.
    Plan Basic Sum Assured Policy Term (Tenure)
    HDFC Life ClassicAssure Plus Minimum - Rs.49,447 for 10-year policy term, Rs.48,032 for 15-year policy term, and Rs.73,516 for 20-year policy term. Maximum - No limit 10 years / 15 years / 20 years
    HDFC Life Sanchay Minimum - Rs.105,673 Maximum - No limit Minimum - 15 years Maximum - 25 years
    HDFC Life Super Income Plan Minimum - Rs.128,337 Maximum - No limit 16 years / 18 years / 20 years / 22 years / 24 years / 27 years
    HDFC Life Sampoorn Samriddhi Plus Minimum - Rs.65,463 Maximum - No limit 15 years to 40 years
    HDFC Life Uday Minimum - Rs.28,465 Maximum - No limit 12 years to 15 years
    HDFC Life Capital Shield For Single Premium policies, the sum assured for individuals under 45 years of age will be 125% of single premium, and the sum assured for individuals who are 45 years or above will be 110% of single premium. For Limited Premium policies, the sum assured is 10 x annualised premium for individuals entering when they are under 45 years of age, 7 x annualised premium for individuals entering between ages 45 and 54 years, and 7 x annualised premium for individuals entering after 55 years of age. For the customer age group of 45 to 54 years, the maximum sum assured can go up to 10 x annualised premium. 10 years
    HDFC SL Crest 10 x annualised premium if the individual is entering when he/she is under 45 years of age, and 7 x annualised premium for individuals entering when they are 45 years or above. 10 years
    HDFC Life ProGrowth Plus Minimum: Higher of (10 x annualised premium) or (0.5 x policy term x annualised premium) if the individual is less than 45 years old; and Higher of (7 x annualised premium) or (0.25 x policy term x annualised premium) if the individual is equal to or more than 45 years old Maximum: 40 times annualised premium, subject to a maximum of Rs.40 lakh. Minimum - 10 years Maximum - 30 years
    HDFC SL ProGrowth Super II Minimum: Higher of (10 x annualised premium) or (0.5 x policy term x annualised premium) if the individual is less than 45 years old; and Higher of (7 x annualised premium) or (0.25 x policy term x annualised premium) if the individual is equal to or more than 45 years of age Maximum: 40 x annualised premium 10 years to 30 years
    HDFC SL ProGrowth Flexi Minimum : When entry age is below 45 years - Higher of (10 x annualised premium) or (0.5 x policy term x annualised premium) When entry age is equal to or above 45 years - Higher of (7 x annualised premium) or (0.25 x policy term x annualised premium) Maximum: The sum assured can go up to 40 times the annualised premium Minimum - 10 years Maximum - 30 years
    HDFC Life Sampoorn Nivesh For single premium: 125% of single premium in case the individual is 45 years or less; and 110% of single premium if the individual is 45 years or above. For limited and regular premium: When entry age is below 45 years - Higher of (10 x annualised premium) or (0.5 x policy term x annualised premium) When entry age is equal to or above 45 years - Minimum sum assured is the higher of (7 x annualised premium) or (0.25 x policy term x annualised premium). Maximum sum assured can go up to 10 times the annualised premium as well. 10 years / 15 to 25 years
    HDFC SL ProGrowth Maximiser 125% of single premium in case the individual is 45 years or less; and 110% of single premium if the individual is 45 years or above. Minimum - 5 years Maximum - 10 years
    HDFC Life SL SarvGrameen Bachat Yojana Maturity benefit - Rs.300 Death benefit - Rs.5,000 Surrender benefit - Rs.200 5 years
    HDFC Life Pragati Minimum - Rs.5,000 Maximum - For single pay, Rs.18,697 For limited pay, Rs.64,869 For regular pay, Rs.54,747 For single pay, 5 to 20 years For limited pay, 10 to 20 years For regular pay, 10 years
    HDFC Life Click 2 Invest - ULIP Fixed sum assured for single premium - 125% of the single premium Fixed sum assured for limited and regular premium (entry age less than or equal to 55 years) - 10 x annualised premium Fixed sum assured for limited and regular premium (entry age greater than 55 years) - 7 x annualised premium Between 5 and 20 years

    HDFC Life Child Plans:

    Given the unpredictability of life, it is essential to ensure that your children are financially secure at all times. HDFC child plans ensure that you start saving for the future expenses of your child at a very early stage so that you will have access to enough money to meet various expenses related to marriage, higher education, etc. Following are the two child plans you can purchase from HDFC Life:

    1. HDFC Life YoungStar Udaan: This children’s plan from HDFC ensures guaranteed payouts at each and every significant milestone of your child’s life. There are three maturity benefit options to choose from. The coverage can be availed for varying policy tenures and premium payment terms.
    2. HDFC Life YoungStar Super Premium: The Youngstar Super Premium plan by HDFC is essentially a ULIP that takes care of all the important financial milestones in your child’s life like education, marriage, buying a house, and so on. In case of death of the life assured, the policy will provide yearly payments to the family of the deceased. The customer has the flexibility to choose the funds in which the investments will be done.
    Plan Basic Sum Assured Policy Term (Tenure)
    HDFC Life YoungStar Udaan No limit 15 years to 25 years
    HDFC Life YoungStar Super Premium Minimum - 10 x annualised premium if the individual is less than 45 years of age; and 7 x annualised premium if the investor is 45 years or above. Maximum - 40 x annualised premium Minimum - 10 years Maximum - 20 years

    HDFC Life Retirement Plans:

    The HDFC Life retirement solutions offer financial security to ensure that you will have a regular income even when your professional income no longer flows into your account. These plans help you live a comfortable life whilst dealing with rising inflation and the increased cost of living. Following are the retirement plans you can purchase from HDFC Life:

    1. HDFC Life Personal Pension Plus: This pension plan from HDFC provides you with an assured benefit of 101% of the premiums paid in case of vesting or death. Also, the plan allows you to choose an investment period between 10 years and 40 years. Reversionary bonuses and terminal bonus are offered under the policy.
    2. HDFC Life Pension Super Plus: This plan offers an assured 101% of all premiums paid. There is flexibility to choose tenure and guaranteed regular income in case annuity is purchased.
    3. HDFC Life Single Premium Pension Super Plan: This pension plan is a unit-linked, single premium plan that assures you get to generate a substantial corpus post retirement.
    4. HDFC Life Guaranteed Pension Plan: Guaranteed Pension Plan from HDFC Standard Life is a deferred pension plan that offers assured payouts at vesting or death. It guarantees an addition of 3% of sum assured on each premium year completion. The plan offers the flexibility of choosing the premium payment term.
    5. HDFC Life New Immediate Annuity Plan: This is a traditional pension plan that lets you choose an annuity and earn a regular income post your retirement. The plan ensures guaranteed income for as long as you or your spouse is alive. There are seven single life annuity options and four joint life annuity options to choose from.
    6. HDFC Life Click 2 Retire: The HDFC Life Click 2 Retire is an online retirement plan offered by HDFC. This is a unit linked insurance plan and offers you a number of benefits such as tax benefits, death benefits, vesting benefits and surrender benefits. The vesting age under the plan is 45 years, lower than most other retirement plans. Single pay and limited pay options are available under the plan.
    7. HDFC Life Assured Pension Plan: This unit linked insurance plan provides customers with market-linked returns along with loyalty bonuses that help in achieving their retirement goals through strategic and systematic planning in advance. The entry age for the plan is as low as 18 years.
    8. HDFC Life Pension Guaranteed Plan: This is a single premium annuity plan that offers a guaranteed income on a regular basis for life. The customer can choose from various annuity options. The coverage can be availed on a single or joint life basis. The annuity can be received immediately or as deferred annuity. There is an option to receive the purchase price at the death of the life assured.
    Plan Minimum Annual Instalment Premium Policy Term (Tenure)
    HDFC Life Personal Pension Plus Rs.24,000 10 years to 40 years
    HDFC Life Pension Super Plus Rs.24,000 10 years / 15 years / 20 years
    HDFC Life Single Premium Pension Super Plan Rs.25,000 (Single Premium) 10 years
    HDFC Life Guaranteed Pension Plan Rs.24,000 10 years to 20 years
    HDFC Life New Immediate Annuity Plan Varies based on the annuity option chosen Varies based on the annuity option chosen
    HDFC Life Click 2 Retire Rs.24,000 10 years / 15 to 35 years for Single Pay, 8 Pay and 10 Pay policies; and 15 years to 35 years for 15 Pay policies
    HDFC Life Assured Pension Plan Rs.24,000 10 years / 15 to 35 years for Single Pay, 8 Pay and 10 Pay policies; and 15 years to 35 years for 15 Pay policies
    HDFC Life Pension Guaranteed Plan For Immediate Life Annuity - Rs.42,076 For Immediate Life Annuity with Return of Purchase Price - Rs.1,60,261 For Deferred Life Annuity with Return of Purchase Price - Rs.76,046 Varies based on the annuity option chosen

    HDFC Life Women’s Plans:

    HDFC Life has designed a special solution that caters specifically to the various financial requirements of women. This product is created to ensure that women can plan well in advance for different stages of life, like retirement, protection, child’s education, etc. At the moment, HDFC Life has only one Women’s plan which is as follows:

    1. HDFC Life Smart Woman Plan - This is an insurance scheme that provides both investment and insurance benefits under the same product. The customer can choose from three benefit options. The policy offers premium waiver benefit following pregnancy complications, diagnosis of malignant cancer in female organs, or death of the spouse of the policyholder. Additional cash payouts are offered periodically under specific plan variants.
    Plan Basic Sum Assured Policy Term (Tenure)
    HDFC Life Smart Woman Plan Minimum - 10 x annualised premium if the individual enters when she is less than 45 years of age; and 7 x annualised premium if the individual enters when she is 45 years or above Maximum - 40 x annualised premium 10 years / 15 years

    How to Claim Insurance with HDFC Life:

    Following is the procedure to claim insurance with HDFC Life:

    • Write a letter intimating the company about the claim.
    • Once the company receives your intimation, it will revert with a list of the documents you will have to submit to start the claims process.
    • Go through the letter, assemble all documents, and drop them off along with the claim form at the nearest HDFC Life branch.
    • The company will then review your documents and determine whether or not you are eligible for the claim amount.
    • If the documents provided suffice, the company will accept your claim request and process the same as early as possible and make the payment to the policyholder/nominee.
    • In case the claim is rejected, the company will communicate with the individuals the reasons as to why their claim was rejected.
    • You can drop an email to claims@hdfclife.com in case you require any assistance regarding the reporting of claims.

    Documents Required to Claim Insurance with HDFC Life:

    Following are the documents required when making claims with HDFC Life:

    In case of Natural Death:

    • Original policy document
    • Death claim form (including NEFT)
    • Death certificate issued by the government or a relevant authority
    • Medical records of the life assured at the time of death
    • Residence and identity proof of the claimant
    • NEFT account details
    • For money back/pension and for maturity claims - Annuity Claim Documentation

    In case of Unnatural Death:

    • Original policy document
    • Death claim form (including NEFT)
    • Death certificate issued by the government or a relevant authority
    • Panchanama and police inquest report / FIR
    • Residence and identity proof of the claimant
    • Post mortem report
    • NEFT account details
    • For money back/pension and for maturity claims - Annuity Claim Documentation

    In case of Death from Natural Calamities / Disasters:

    • Original policy document
    • Death claim form (including NEFT)
    • Death certificate issued by the government or a relevant authority
    • Residence and identity proof of the claimant
    • NEFT account details
    • For money back/pension and for maturity claims - Annuity Claim Documentation

    In case of a Critical Illness Claim:

    • Original policy documentation
    • Critical illness claim form
    • The address and identity proof of the claimant
    • Past and latest medical records, including diagnostic test reports, hospital records, etc.
    • NEFT account details
    • For money back/pension and for maturity claims - Annuity Claim Documentation

    HDFC Life Claim Settlement Ratio:

    Total Premium in Crores (2016-17) Total Premium in Crores (2015-16) Total Premium in Crores (2014-15) Total Premium in Crores (2013-14) Claim Settlement Ratio (2016-17) Claim Settlement Ratio (2015-16) Claim Settlement Ratio (2014-15) Claim Settlement Ratio (2013-14)
    19445.49 16312.98 14.829.9 12,062.9 97.62% 95.02% 90.50% 94.01%

    Documents Required for Purchasing a HDFC Standard Life Insurance Policy:

    Following are the documents you will require to purchase a life insurance policy from HDFC Life:

    • Identity proof
    • Address proof
    • Income proof
    • PAN Card
    • Self-attested bank passbook copy

    How to Check HDFC Standard Life Insurance Policy Status Online:

    To check the status of your HDFC Life insurance policy, all you have to do is visit the company’s official website and locate the Login option on the homepage. On the Login portal, you will find a link called Customer. Under this, you will have the links for individual policyholders, group members, and NRIs. Click the appropriate link and you will be requested to enter your Client ID, Email ID, or mobile number along with the password to login. You have the option to use an OTP as the password. Once you have logged in, you can view the status of your HDFC Life insurance policy on the screen.

    HDFC Life Online Payment:

    If you wish to make premium payments over the internet instead of going out to a branch of the company, you can do so by visiting the customer service section of the company’s official website and select the Pay Premium Online option after which you will be redirected to a new page. Here, you will have to enter the required details, i.e., your policy number and your date of birth. Then click on the Proceed option and select your payment mode, viz. credit card/debit card/net banking, etc., and make your premium payment. Your payment will then be complete.

    HDFC Life Frequently Asked Questions:

    1. Can I avail pension benefit with my life insurance plan?

      Yes, HDFC Life Personal Pension Plus is an insurance plan which offers you pension after retirement. This plan is also eligible for bonuses as a percentage of sum assured on vesting, reversionary bonus, interim bonus, and terminal bonus.

      HDFC Life New Immediate Annuity plan is a non-linked traditional annuity plan. You get guaranteed income for as long as you and your partner lives.

    2. Are there any specific life insurance plans for women?

      HDFC Standard Life offers HDFC Life Smart Woman Plan which is a unit-linked insurance plan that covers you for pregnancy complications, malignant cancers of the female organs, and congenital conditions of your new-born baby. You can get a sum assured of up to 40 times the annual premium you pay.

    3. Is there any life insurance plan that enables me to save while I can enjoy life cover?

      HDFC Life ProGrowth Plus is a simple savings cum insurance plan that will let you enjoy life cover and benefit from creating your own investment strategies. This is a unit linked insurance plan and you can make the most of equities by channelizing your savings.

      The HDFC Life Super Income plan is a money back life insurance policy with limited pay option. You will receive reversionary and terminal bonuses and survival benefits under the policy. After the premium payment term, you can enjoy a regular income for 8 to 15 years.

    4. Is there any plan that lets me protect my family’s health and secure my life at the same time?

      Yes, you can get a comprehensive life and medical insurance plan. HDFC Life Click 2 Protect Health is a combi plan that provides you the benefits of health and life insurance under the same product. The plan has nine variants that you can choose from. You can select the policy term and premium payment term based on your needs. The insurer offers special discounts for female customers and non-tobacco users.

    5. Is there any specific plan for life threatening diseases?

      Yes, HDFC offers HDFC Life Cancer Care which provides financial protection for both early and major stage of cancer. The plan gives you a waiver on premium for the next 3 years on diagnosis of early cancer. An increased benefit is offered under the gold and platinum options where the sum insured increases by 10% every year.

    6. If I’m not satisfied with the plan can I return it?

      Yes, you get a 15 days free look period from the date of receipt of the policy within which you can return the policy.

    7. If I miss the premium payment, will my policy lapse?

      Yes, the policy will lapse if you miss making the premium payment but it can be renewed within 2 years from the date that the policy lapses. There are certain cases when you can turn the policy to a paid up policy, check the policy document to see if you have that option.

    8. What is the premium payment frequency for life insurance policies?

      The premium payment frequency will depend upon the kind of policy you select. However, most policies come with the standard annual, semi-annual, quarterly, and monthly premium payment frequencies.

    9. Can I cancel my policy after a while if I no longer want it?

      Yes, customers who wish to discontinue their policy can surrender the same to the company and a proportion of their investment will be returned to them.

    HDFC Life Insurance

    News About HDFC Life Insurance

    • HDFC ERGO’s acquisition of L&T General Insurance approved by CCI.

      The Competition Commission of India (CCI) has approved HDFC ERGO’s request to acquire L&T General Insurance, as per the announcement carried out in June. This acquisition amounts to Rs. 551 crores. According to the agreement, HDFC ERGO will be acquiring 100% equity shareholding of L&T General Insurance from Larsen & Toubro (L&T), which is the current shareholder. Both companies had drawn a share sale and a purchase agreement previously in June. The Competition Commission of India (CCI) communicated the approval for the acquisition through a tweet. M&A deals above a certain amount are required to get CCI’s approval.

      24 August 2016

    • HDFC Sells 9% Stake in HDFC Standard Life Insurance Company

      HDFC Bank recently completed selling 9% stake in its Standard Life Insurance Company to its British joint venture partner Standard Life for just more than Rs.1,700 crore. At a BSE filing, representatives of the bank revealed that HDFC is likely to sell almost 18 crore shares in the insurance joint venture and that the price of each share on offer will be Rs.95.

      11 April 2016

    • HDFC Life Records 45% Higher Quarterly Net Profit in December

      HDFC Standard Life Insurance Company has registered a quarterly net profit of Rs. 174 crore in December, up 45 percent from the corresponding period last year.

      In a filing to the BSE, HDFC Life said Rs. 1,264 crore was earned as premium from new business in the third quarter, 8 percent less than the Rs. 1,368 recorded in the same period last year. Premium from renewals stood at Rs. 2,316 crore, up 3 percent year-on-year from Rs. 2,254 crore. The total premium in the third quarter rose by 1 percent to Rs. 3,581 crore. Assets under management (AUM) stood at Rs. 71,575 crore in the quarter, 13 per cent higher than last year.

      25 January 2016

    • HDFC Standard Life’s FDI Proposal Inches Towards Approval

      HDFC Standard Life Insurance Company Limited’s proposal involving a Foreign Direct Investment plan of Rs. 1,705 crore has been recommended to the Cabinet Committee on Economic Affairs for approval by the Union government. A proposal by FireFly Networks Ltd. to begin functioning as a Telecom Infrastructure Provider Category-I and to approve the existing indirect foreign investment of 50 percent, has also been approved by the Centre.

      The Foreign Investment Promotion Board, which met on December 29, 2015, deferred the decision on four other FDI proposals. It rejected a proposal for fresh funding by Software is Correct Inc. in its Indian subsidiary.

      HDFC Standard Life seeks to increase its foreign share from 26 percent to 35 percent by transferring its shares from HDFC, to Standard Life (Mauritius Holdings) 2006 Ltd.

      20 January 2016

    • HDFC Life Insurance records Rs. 127 crore profit

      Housing Development Finance Corporation (HDFC) Ltd. has announced a dividend of Rs. 127 crore from HDFC Standard Life Insurance Company Limited for the quarter that ended December 31, 2015. Apart from this, the organization also earned Rs 57 crore as Profit on Sale of compared to Rs. 113 crore in the corresponding quarter in the previous year.

      HDFC also earned income from dividend for the quarter ended December 31, 2015 that amounted Rs. 135 crore compared to Rs. 103 crore in the corresponding quarter of the previous year. Under the loan assignment route, the corporation sold loans amounting to Rs. 1,240 crore in the quarter ending December 31, 2015 to HDFC Bank, in comparison to Rs. 1,234 crore during the corresponding quarter of 2014.

      4 January 2016

    • Standard Life to increase their stake in HDFC Life from 26% to 35%

      After the approval from the Foreign Investment Promotion Board, Standard Life is now all set to increase their stake in HDFC Life from 26% to 35%. The 9% increase will cost Standard Life a whopping Rs. 1, 705 crore, and will be buying 179 million equity shares of HDFC Life. After this deal HDFC Life will hold 65% and Standard Life will hold 35% of the entire company.

      2 January 2016

    • HDFC records 2% profit in insurance business

      India’s largest private sector bank reported an increase in its net profit for the quarter of September. The consolidated net profit was Rs. 2, 206.51 crore, due to the 2% rise. According to Keki Mistry, vice-chairman and chief executive of HDFC, the profit was boosted because of a strong life insurance business.

      The life insurance business witnessed a boost as its net profit increased from Rs. 183.74 crore to Rs. 215.34 crore. General insurance also saw a growth in profit from Rs. 36.27 crore to Rs. 60.53 crore. The company also recorded an overall 18% profit in its other subsidiaries.

      2 November 2015

    • Standard Life backs down on Right for Increased Stake in HDFC Standard Life

      The foreign promoter of HDFC Life Insurance, British insurer Standard Life, has reportedly given up its right to increase its stake in the Indian joint venture to 49 percent in the future. This is the result of a fresh agreement with its Indian partner HDFC.

      While a 9 percent increase in stake will still happen for Standard Life, the insurer will maintain its stake at 35 percent in the joint venture following HDFC Life’s public share offer next year. Since 2000, the British company had 26 percent stake in the joint venture but following the move by the government to allow 49% of ownership to foreign companies, Standard Life subsequently had tried to raise its stake.

      While an increase in stake by foreign companies is not the first in the insurance sector, the second largest private life insurer wishes to take things slow and steady with its partner overseas.

      24 August 2015

    • HDFC Life launches term products for Common Services Centre channel

      HDFC Life announced the launch of new sales channel to take life insurance to semi-urban and rural areas. They intend to do this by using the Common Services Centre network. The HDFC Life CSC Suraksha is the term insurance plan that is to be sold through the CSC channel.

      HDFC Life’s MD & CEO, Amitabh Chaudhry said that the low cost and simple to understand insurance plan will be sold through CSC agents. This will facilitate the reach to the untouched rural areas. The HDFC Life CSC Suraksha is a non-participating term insurance and its annual premium is as low as Rs.112. The sum assured that the policyholder can opt will range from Rs.30,000 to Rs.2 lakhs. The term ranges from 5 years to 15 years. In case of unfortunate event of death, the nominee will get an amount higher of the sum assured or 10 times annualised premium or 105 percent of the premiums paid till the date of death.

      11 August 2015

    • Standard Life to Increase Stake in Life Insurance Company to 35%.

      HDFC Chairman, Deepak Parekh said that Scottish Partner – Standard Life is keen on increasing the stake in HDFC life insurance to 35 per cent from the current 26 per cent following the new insurance law that raised the foreign holding to 49 per cent.

      Parekh further said in the HDFC’s annual general meeting that they haven’t finalised with Standard Life and there is a possibility of an IPO because then there will be a gap of 14 per cent.

      HDFC’s Vice-Chairman, Keki Mistry later added that HDFC will announce the hike in the stake once the decision is finalised, which might take up to 4 more weeks. Parekh said that there are certain procedural issues which requires clarity and definition of ‘Indian control and management’ by IRDAI. He said the public issue can happen post the clarification and that an IPO is at least 1 year away.

      Parekh added that the company sold 1 per cent of its share to Azim Premji though he wanted more and this sale has helped in price discovery for the unlisted company.

      He said that when the IPO happens, existing shareholder will get a stake in the life arm at a premium and drawing a parallel with the IPO of HDFC bank is unfair as the bank was a start-up at the time of the public issue.

      He further added that there is no question of an IPO for non-life venture as its foreign partner has already taken the hike in its stake to the increased cap of 49 per cent.

      Mistry said that they may consider a merger if it gets exemption on the classification of loans and liabilities of the past.

      Parekh was optimistic that the housing finance sector and the affordable housing initiative and smart cities will be of help. He believes that it will at least take 2-3 years for a realty regulator to be operational.

      31 July 2015

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    HDFC Life Insurance Reviews

  • Page 1 of 50 1 2 3 4 5
    • HDFC Life Life Insurance
      "Fair service"
      0.5 2.0/5 "Expected more"
      I've a health insurance policy with the HDFC life. I pay a premium of 8000 per year via an agent. I am not aware about the in depth features of the policy. So far the experience has been good with them. It is a recommendable insurance policy to have.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 14, 2018
    • HDFC Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a life insurance policy with the HDFC life. I pay a premium of 9000 Per annum, the tenure of the policy is 30 years and I never faced any issues with their services. Overall it is a recommendable policy to have.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 08, 2018
    • HDFC Life Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I had the life insurance policy with the HDFC life and I have closed it because of my personal reason. I would like to say that the services aspects are okay with the HDFC life. I am really happy with the HDFC life.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 07, 2018
    • HDFC Life Life Insurance
      "One of the best policy"
      0.5 4.0/5 "Great!"
      I do have the HDFC life insurance policy and am using it from the last ten years of time. I would like to say that the services are really fine one and the trends are good one with the HDFC life. I have not found any disadvantages with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 07, 2018
    • HDFC Life Life Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I do have the life insurnce policy with the HDFC life insurance company and the customer service is okay one for me. Everything was on track with them. Coverage value is seems to be okay with the HDFC life, also its a kind of average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 07, 2018
    • HDFC Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I was using the HDFC Ergo life insurance policy for . I paid a premium of 1500 year, I closed the policy. I made the payments online. As there was no benefit I closed this policy. Overall I never faced any issue with their services.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 06, 2018
    • HDFC Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a life insurance policy from HDFC Life. I pay a premium of 2000 Per month, payments are online. This policy have any commendable features. The sum assured is 2 lacs. I never faced any issues with the payments and the policy.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 06, 2018
    • HDFC Life Life Insurance
      "Best Policy"
      0.5 4.5/5 "Excellent!"
      I got the HDFC Life policy along with my personal loan. This policy cover upto 1 lakh. I'm paying the premium amount of Rs. 2700. I did not make any payment for that. HDFC people itself deducted from the loan. It is death coverage policy. The policy name is surva suraksha policy. Tax benefitable and their no medical check up required in this policy.
      Was this review helpful? 0
      , rajkot
      Reviewed on Jun 05, 2018
    • HDFC Life Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I have a term insurance with HDFC LIFE from last 3 years and it is one of the good policy to use. I pay my premium once in a year through net banking services and i am convenient with the payment options. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 04, 2018
    • HDFC Life Life Insurance
      "Perfect policy to use"
      0.5 5.0/5 "Blown Away!"
      I got the HDFC Eulip life insurance plan and I have got this around a month ago. This policy has the tenure of 5years. The policy has benefits like life cover, tax benefit and etc. I pay the premium through online and I would say it is a good policy to use.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 04, 2018
    • HDFC Life Life Insurance
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken this insurance mainly because as i used to travel to many place for security of family i had taken as it is low premium amount which will be added to my loan amount. Where the claim can be taken only on dismissal and permanent disability. I got my hard copy from bank , there is no processing fees.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 02, 2018
    • HDFC Life Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have been taken Life insurance from Hdfc life . It has good benefits with accidental coverage and critical illness coverage with normal premium amount . The policy coverage is 60 years with tenure period of 20 years . I pay the payment annualy through online banking by Neft .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 02, 2018
    • HDFC Life Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      Using the Life insurance policy from the HDFC life. The customer support service and the response is average with the HDFC life and I hold this life insurance policy for more than 5 years. This policy has the tenure of 6years. The premium amount is Rs,10,000 per year.
      Was this review helpful? 0
      , chennai
      Reviewed on May 31, 2018
    • HDFC Life Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy wiht the HDFC life. I pay a premium of 50000 per year for a sum assured of 5 lacs. I make payments online which is convenient for me. I never faced any hassle with th policy and payments. Overall it was a good experience.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 24, 2018
    • HDFC Life Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the life insurance policy from the HDFC life around 4years ago. The customer support service and the response is good from the HDFC life. This policy has the tenure of 6years. I pay the premium amount of Rs,8000 per year. I pay the premium though cash and I got visit the bank branch to do the payment .
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2018
    • HDFC Life Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have got the life insurance policy from the HDFC life and this policy has good benefits in it.I have got the policy around a year ago. This policy has the tenure of 15yers and I have paid Rs,1,00,00 to this policy and i am satisfied with the plan benefits and the coverage.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on May 18, 2018
    • HDFC Life Life Insurance
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I've a life insurance policy with the HDFC Life. The premium gets Debited from the account. I pay a premium of 2000 Per year. Their payment options are much convenient. Overall I never faced any issues with their services. Their customer support services are also nice.
      Was this review helpful? 0
      , chennai
      Reviewed on May 18, 2018
    • HDFC Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a Life insurance policy from HDFC Life. I pay a premium of 24000/ year. It is a retirement plan to be specific with 60% annuity pension. Overall I never had any issues with their services. I make payments online because it is convenient for me.
      Was this review helpful? 0
      , chennai
      Reviewed on May 17, 2018
    • HDFC Life Life Insurance
      "Better policy to use"
      0.5 4.0/5 "Great!"
      Holding the Life insurance policy from the HDFC LIFE for the past 1 year. The customer support service and the response is good from the HDFC life . This policy has the tenure of 7years. I pay the premium amount Rs,1000 every year once. All the other benefits are good in this policy.
      Was this review helpful? 0
      , kurnool
      Reviewed on May 16, 2018
    • HDFC Life Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a HDFC life insurance from last 6-8 months and it is a long term policy. I am happy with the coverage and returns of this policy. I have to pay the premium for 10 years and pay it once in a year through cheque. The maturity period of this insurance policy is 20 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 08, 2018
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