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HDFC Life Insurance

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Pay premiums monthly, quartely, half-yearly or annualy
Enhance your cover through riders like permanent disability/accidental death rider
HDFC Life Insurance with a claim settlement ratio of 97.62% is one of the most trusted insurance companies in India and is known to provide insurance products such as term insurance plans, ULIPs, women and children plans,savings and investment plans, etc.

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.

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 policy 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 Term Insurance Plans:

The Term Insurance Plans offered by HDFC Life provide a life cover in addition to financial security to the dependents of the insured.

  1. HDFC Life Click 2 Protect 3D Plus: This plan provides financial protection to the loved ones of the insured. Policyholders can customize their plan with 9 plan options available. An added advantage is that the policyholders have the option of choosing their policy terms and premium payment terms. In the event of the accidental total and permanent disability and diagnosis of critical and terminal illness, future premiums on the policy are waived.

  2. HDFC Life Click 2 Protect Plus: The Click to Protect Plus provides the insured with a life cover at an affordable cost. The plan also comes with an income option that pays 10% of the sum assured on death and the remaining 90% as monthly income over a period of 15 years. The plan comes with flexible premium payment options.

  3. HDFC Life Click 2 Protect Health: This plan provides the insured with protection for their entire life. In addition to providing a life cover, all premiums are waived on diagnosis of critical and terminal illness and on accidental disability. The life cover can be increased every year through the top-up covers.

Plan Sum assured Policy Term
HDFC Life Click 2 Protect 3D Plus Rs.10 lakh Whole life
HDFC Life Click to Protect Plus Rs.25 lakh 10 to 40 years
HDFC Life Click 2 Protect Health Rs.10 lakh 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:

    • HDFC Life Click2nvest ULIP: This is a unit-linked plan that provides the policyholder with investment options in addition to a life cover. The policyholder can choose from different funds to invest in. Policyholders can choose different premium payment options and have the flexibility to choose their policy term.
    • HDFC Life Classic One: This plan offers both an individual and a joint life cover. The policyholder has the opportunity to earn market-linked returns. Under the joint life policy, the surviving policyholder has the option of withdrawing the entire value of the fund and continuing with the life cover for the rest of the policy’s term. Loyalty additions can be earned through the allocation of additional units after completion of the 10th year of the policy’s term.
    • HDFC Life Sampoorn Samridhi Plus – Whole Life: This is an endowment plan that provides the policyholder a choice of 2 options: endowment and endowment with whole life cover up to the age of 100 years. The plan comes with a maturity benefit and accidental death benefit
    • HDFC Life ClassicAssure Plus Plan: This plan provides the insured with a life cover along with investment opportunities to enable growth of savings. The policy comes with a limited premium payment term of 7 years and 10 years. Policyholders also receive a guaranteed reversionary bonus during the premium payment term.
    • HDFC Life Super Income Plan:This is a non-linked, participating, limited pay, money back plan that provides guaranteed benefits in addition to investment options. The plan provides the insured with assured income for a period of 8 to 15 years. 8% to 12.5% of the sum assured is provided as a maturity benefit.
    • HDFC Life Sampoorn Nivesh: This is a life plan that provides the insured with investment options in multiple funds. The plan has 3 options which the policyholder can choose from based on their requirement. Premium payments may be customized based on the policyholder’s choice. The fund value is provided as the maturity benefit.
    • HDFC SL ProGrowth Flexi: This is a unit-linked, savings-oriented life plan that provides the policyholder 2 benefit options to choose from. Policyholders can choose from 8 investment funds as well as the sum assured.
    • HDFC Life ProGrowth Plus: This plan is a life insurance-cum-unit linked savings plan that provides investment opportunities in the stock market. Policyholders have the flexibility of choosing their investment strategy based on their risk appetite and can make partial withdrawals to meet unplanned expenses.
    • HDFC SL ProGrowth Super II: This is a unit-linked-cum-savings life insurance plan that helps the policyholder achieve long-term savings. Policyholders have the flexibility of choosing the term of their policy and the sum assured. Additionally, the policyholder can choose from 8 investment funds.
    • HDFC SL Crest: This plan provides policyholders with the benefit of a life cover along with investment options. The premiums paid are invested in fund options of the policyholder’s choice. On maturity of the plan, the policyholder receives the fund value of the investment. In the event of the policyholder’s death, the fund value is paid to the beneficiaries in addition to the sum assured.
    • HDFC SL ProGrowth Maximiser: This is a unit-linked life insurance plan that gives policyholders the option of maximizing their returns. Policyholders are required to make a single premium payment and have the option of choosing from 4 investment funds.
    • HDFC Life Uday: This is a life plan that is savings oriented. The policy has significantly low premium rates when compared to other life plans. Policyholders have the benefit of 3% guaranteed additions p.a. during the first 5 years of the policy’s term. Bonuses are declared at the end of every year.
    • HDFC Life Capital Shield: The Capital Shield plan provides protection against the investments made in addition to providing a life cover. On maturity of the policy, the policyholder gets a maturity benefit of 101% of the total number of premiums paid.
    • HDFC Life SL SravGrameen Bachat Yojana: This policy has been developed exclusively for the rural population that provides returns even on low amounts invested. The plan requires the insured to make a single premium payment.
    • HDFC Life Pragati: This plan has the dual function of a life insurance policy as well as an investment fund. The premiums for this plan are significantly low. Policyholders have the flexibility of choosing their premium payment terms. Policyholders receive the sum assured and the accrued reversionary bonuses as the maturity amount.
Plan Sum assured Policy Term
HDFC Life Click 2 Invest ULIP
  • Single premium: 125% of the premium
  • Regular and limited pay below the age of 55: 10 times the annualized premium
  • Regular and limited pay above the age of 55: 7 times the annualized premium
5 to 20 years
HDFC Life Classic One
  • Single life below age 45: 1.25 times the annualized premium
  • Single life above age 45: 1.25 times the annualized premium
  • Joint Life: 10 times the annualized premium
10 years to 90 minus age at entry.
HDFC Life Sampoorn Samridhi Plus – Whole Life Rs.65,463 15 years to 40 years
HDFC Life Classic Assure Plan 10 years: Rs.49,447 15 years: Rs.48,032 20 years: Rs.73,516 10/15/20 years
HDFC Life Super Income Plan Rs.1.28 lakh
  • Option 1: 16 years
  • Option 2: 18 years
  • Option 3: 20 years
  • Option 4: 22 years
  • Option 5: 24 years
  • Option 6: 27 years
HDFC Life Sampoorn Nivesh Single premium:
  • Entry age less than 45 years: 125% of premium paid
  • Entry age more than 45 years: 110% of premium paid
Regular and limited premium:
  • Entry age less than 45 years: Above 10 times the annualized premium/ 0.5 times the policy term X annualized premium
  • Entry age more than 45 years: Above 7 times the annualized premium/ 0.25 times the policy term X annualized premium
10/15/25 years
HDFC SL ProGrowth Flexi
  • Entry age less than 45 years: Above 10 times the annualized premium/ 0.5 times the policy term X annualized premium
  • Entry age more than 45 years: Above 7 times the annualized premium/ 0.25 times the policy term X annualized premium
10 to 30 years
HDFC Life ProGrowth Plus
  • Entry age less than 45 years: Above 10 times the annualized premium/ 0.5 times the policy term X annualized premium
  • Entry age more than 45 years: Above 7 times the annualized premium/ 0.25 times the policy term X annualized premium
10 to 30 years
HDFC SL ProGrowth Super II
  • Entry age less than 45 years: Above 10 times the annualized premium/ 0.5 times the policy term X annualized premium
  • Entry age more than 45 years: Above 7 times the annualized premium/ 0.25 times the policy term X annualized premium
  • Life Option: 10 to 30 years
  • Extra Life Option: 10 to 30 years
  • Life & Extra Health Option: 10 to 30 years
  • Extra Life & Health Option Benefit + Accidental Death Benefit
  • Life & Disability Option: 10 to 25 years
  • Extra Life & Disability Option: 10 to 25 years
  • Life & Health & Disability Option: 10 to 25 years
  • Extra Life & Health & Disability Option: 10 to 25 year
HDFC SL Crest
  • Entry age less than 45 years: Above 10 times the annualized premium/ 0.5 times the policy term X annualized premium
  • Entry age more than 45 years: Above 7 times the annualized premium/ 0.25 times the policy term X annualized premium
10 years
HDFC SL ProGrowth Maximiser
  • Entry age less than 45 years: 125% of premium paid
  • Entry age more than 45 years: 110% of premium paid
10 years
HDFC Life Uday Rs.28,465 12 years to 15 years
HDFC Life Capital Shield Single premium:
  • Entry age less than 45 years: 125% of premium paid
  • Entry age more than 45 years: 110% of premium paid
Limited premium:
  • Entry age less than 45 years: Above 10 times the annualized premium
  • Entry age between 45 years and 54 years: 7 to 10 times the annualized premium
  • Entry age above 55 years: 7 times the annualized premium
10 years
HDFC Life SL SravGrameen Bachat Yojana Rs.5,000 5 years
HDFC Life Pragati Rs.5,000
  • Single pay: 5 to 20 years
  • Limited pay: 10 to 20 years
  • Regular pay: 10 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 Sum assured Policy Term
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 - ULIP: 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 Sum assured Policy Term
HDFC Life Personal Pension Plus Rs.2.04 lakh 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 Sum assured Policy Term
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 Insurance Plan:

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 Insurance:

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:

Year Total Premium in Crores Claim Settlement Ratio
2017-18 23,564.41 97.80%
2016-17 19445.49 97.62%
2015-16 16312.98 95.02%
2014-15 14.829.9 90.50%

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 HDFC premium payments online 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 Insurance FAQ's:

  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.

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News About HDFC Life Insurance

  • HDFC Life Insurance Company Ltd. Stock increases

    In what is positive for HDFC Life Insurance Company Ltd., the stock increased for the 3rd consecutive time in the third session of the day. The stock of the company increased by 2.62%, taking the value of each stock to Rs 468.3. According to Business Standard, HDFC Life Insurance Company Ltd gained for a third straight session today. The stock is quoting at Rs 468.3, up 2.89% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.21% on the day, quoting at 11816.25. The sensex is at 39488.75, down 0.25%. HDFC Life Insurance Company Ltd has risen around 10.02% in last one month.

    02 July 2019

  • Tie Up Between HDFC Life Insurance and Airtel to Provide Life Insurance

    HDFC Life Insurance and Airtel have come together in a collaboration in order to offer a monthly life insurance cover to Airtel’s most eligible subscribers. In this collaboration, Airtel will serve as the facilitator while HDFC life insurance will be offering the coverage to applicants. You will be able to leverage the benefits of this cover only if you are prepaid Airtel subscriber. So, this in turn means that postpaid subscribers of Airtel will not be eligible for this coverage. The minimum entry age for the cover is 18 years and the maximum entry age is 54 years. The applicants for the insurance policy will also give a declaration of their good health before applying for the coverage. The offer entails an extension of term insurance to the policyholders along with a total sum assured amount of Rs.4 lakh. The policy will yield no maturity benefit upon the completion of the tenure. Moreover, in order to avail the coverage, the Airtel customer will have to recharge their phone as per the mentioned rules and cannot recharge with any of the available STV plans.

    15 May 2019

  • HDFC Group beats Tata Group to become the most valuable in India

    HDFC Group has become the most valuable company in terms of market capitalisation. The company has now displaced Tata Group, a business that is diverse ranging from table salt to automobiles. The five listed companies of most valuable group includes HDFC, HDFC Life, HDFC Bank, Gruh Finance, and HDFC Asset Management. The total value of all of these companies comes up to a market value close Rs.11.66 lakh crore. The total value of the Tata Group stands at Rs.11.64 lakh crore. This is close to Rs.2,000 crore less than total value of the HDFC Group. This is not the first time Tata Group has been pushed to second by HDFC in the last six months. Both the companies were pretty far apart when it comes to market value 18 months ago. In the month of January last year, the m-cap value of the Tata Group stood at Rs.9.6 lakh crore. This was 15% more than that of the HDFC Group during that time. The added focus on financial services by HDFC helped the company overtake the Tata Group. The main reason for the slump is attributed to the poor performance of all the Tata Group companies excluding Tata Consultancy Services.

    23 May 2019

  • HDFC Ergo Insurance Offers Coverage for Vector Borne Diseases

    India’s third-largest non-life insurance provider, HDFC Ergo Insurance has commenced providing comprehensive policies for diseases contracted from disease vectors like mosquitoes and sandflies. The company recently announced the launch of ‘Mosquito Disease Protection Policy’ and it will offer coverage an individual against diseases such as Malaria, Dengue Fever, Chikungunya, Kala-azar, Japanese Encephalitis, Zika Virus, and Lymphatic Filariasis. As per the National Health Profile 2018 data, there has been a substantial rise in the number of dengue fever cases in India from the period 2009 to 2017. This increase has been reported to be standing at an alarming number of 300%. Occurrence of such diseases creates an extra burden on the expenses of the insured and also affects their No Claim Bonus, offered in any standard health insurance policy. Keeping this in consideration, HDFC Ergo Insurance will henceforth cover the hospitalisation expenses (including treatment) of any diseases that has been contracted from mosquitoes or other disease vectors. Alternatively, the insured can also opt for a payment of lump-sum as a policy benefit upon providing the hospitalisation proof. In addition to this, the policy will also provide a death benefit sum assured to the nominee in case of the insured’s death during his/her treatment.

    15 May 2019

  • Standard Life Sold 1.78% of Its Stake to HDFC Life Insurance Company

    The joint-venture partner in HDFC Life Insurance Company, Standard Life recently sold 1.78% of its stake to the life insurance provider. The floor price of the deal stood at Rs.390 through the means of an offer for sale or OFS. This sale of stake could bring the JV partner a Rs.1,400 crore upon full subscription. During the month of March (earlier this year), Standard Life had divested 4.93% of its total stakes to the life insurance provider in order to raise nearly Rs.3,600 crore. During the end of the quarter of March, Standard Life head about 24.66% percent stake, whereas HDFC held about 51.48% in HDFC Life Insurance. After the OFS deal, Standard Life currently holds nearly 22.88% stake and the promoter holding HDFC will plummet to 74.36% to an earlier percentage of about 76.14%. This will, in turn, make it more compliant to the 25% norm of public shareholding. DSP Merill Lynch has been appointed the lead banker by Standard Life to manage the recent sale of the shares. In the 4th Quarter of this year, the company’s profits rose to Rs.14,374.56 crore from an earlier Rs.8,134.61 crore from a year ago.

    7 May 2019

  • HDFC Life Insurance Company Gained for the Third Time

    HDFC Life Insurance Company has recently quoted at Rs.416 which means it is up by 2.83% as on the recent NSE records. The company has gained straight for a third session this time. HDFC Life Insurance Company is one of the most reputed private life insurance providers operating in India, in today’s date. The company offers a horde of investment products and services for the benefit of its customers. If you are looking for a comprehensive insurance policy at nominal premiums, HDFC Life Insurance is a sure shot destination to fulfill all your financial goals. From investment and savings products to child plans and pension plans, there is nothing that you won’t find here, at HDFC Life Insurance. Apart from a robust customer care department that is available at all times for your assistance, HDFC Life Insurance also boasts of a smooth and hassle-free claim settlement procedure. You will only be required to intimate their customer care officials about the upcoming claim and they will settle the same directly with the hospital. HDFC Life Insurance has managed to carve its own niche in the sector of life insurance.

    3 May 2019

  • Yes Securities Places a Buy Call on HDFC Life Insurance Company

    Yes Securities member, Mr. Aditya Agarwal has recently placed a buy call on the immensely popular life insurance provider, HDFC Life Insurance Company. The target price that has been set on this buy call currently stands at Rs.450. However, the standing market price of the life insurance company has remained at Rs.408.30 since the last few years. The analyst has further assigned a time period for this. He has said that it will take at least two weeks for HDFC Life Insurance Company price to reach the target that has been defined. Furthermore, Mr. Aditya Agarwal has also recommended that to keep the stop loss amount at a mere Rs.380. HDFC Life Insurance company is one of the largest private life insurers operating in India, in today’s date. The company offers a horde of products to its customers. Ranging from pension plans, child plans, to investment plans, savings plans, and health insurance plans, there is nothing that you won’t find at HDFC Life Insurance Company. Moreover, you can purchase any plan from the life insurance provider online, without any hassles. This means that you can do so from the comfort of your home.

    25 April 2019

  • HDFC Life to Rely on NBFC/Bank Tie-ups to Reach its Customers

    HDFC Life insurance believes in catering to the needs of its customers by approaching their whole life cycle instead of a portion or fragment of one’s lifespan. It believes that in order to become the top player of the life insurance sector in India, it has to cater to the entire life cycle of its customers. HDFC Life insurance also holds the belief that the recent modification in its top management will not change its strategy in any fruitful way.

    The Executive Director of HDFC Life said that if they are providing coverage at every stage of an individual’s life, they will be able to offer a wide range of products, since a person’s insurance needs vary from one stage to another. At every stage of the individual’s life, there will be a product for HDFC Life to offer, whether it is a life insurance product or an investment product. He also said that HDFC Life will have to consciously be a part of every stage of the individual’s life, only then can they offer the most suitable insurance solutions.

    Focusing on the existing strategies of HDFC Life, he further said that the organisation’s strategy relies on both product innovation and distribution strategies. He added that the insurance company has recently collaborated with multiple banks and NBFCs. The company has tied up with various small financial banks such as Utkarsh since they have a strong presence in their respective markets. This in turn helps them establish a stronger connect with their target audience.

    25 February 2019

  • Online life insurance course to be launched by HDFC Life and upGrad

    The online education portal upGrad has partnered with HDFC Life Insurance for the launch of an online life insurance post-graduate programme. The course fee is Rs.99,000. Students would be given on-the-job training and interships that could help them earn Rs.1.1 lakh. Students get absorbed as part of the sales team of HDFC Life when the course is completed. The programme helps HDFC Life get a well-trained and knowledgeable talent pool. The programme comprises of two months of online training, two months of on-the-job training, and 7 months of HDFC Life internship so that there is both offline and online education with quizzes and assignments as well. Up to 5000 people can be absorbed into frontline sales after the programme. Both HDFC Life and upGrad are exploring newer models of staff retention because of the high attrition rate in the industry. One way they will do this is by offering a subsidised MBA programme at upGrad after 2 years of employment is completed at HDFC Life.

    22 February 2019

  • Online life insurance course to be launched by HDFC Life and upGrad

    The online education portal upGrad has partnered with HDFC Life Insurance for the launch of an online life insurance post-graduate programme. The course fee is Rs.99,000. Students would be given on-the-job training and internships that could help them earn Rs.1.1 lakh. Students get absorbed as part of the sales team of HDFC Life when the course is completed. The programme helps HDFC Life get a well-trained and knowledgeable talent pool. The programme comprises of two months of online training, two months of on-the-job training, and 7 months of HDFC Life internship so that there is both offline and online education with quizzes and assignments as well. Up to 5000 people can be absorbed into frontline sales after the programme. Both HDFC Life and upGrad are exploring newer models of staff retention because of the high attrition rate in the industry. One way they will do this is by offering a subsidised MBA programme at upGrad after 2 years of employment is completed at HDFC Life.

    22 February 2019

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

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HDFC Life Insurance Reviews

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  • HDFC Life Life Insurance
    "Better Policy"
    0.5 5.0/5 "Blown Away!"
    From my HDFC LIFE, i have taken my life insurance. The executive came to my place and informed me about the policy details and gave me some offer since it was good, i have selected them. I have been paying the premium amount of Rs. 2500 per month. The policy term is 15 years. I am not sure about the sum assured amount.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 10, 2019
  • HDFC Life
    HDFC Life Life Insurance
    "People more aware of their offerings &its better than others"
    0.5 4.0/5 "Great!"
    Basically I did not have any idea about the policy and it was just referred by a friend so have opted the policy, just for an investment perspective. I have received the insurance paper. Their executive explained me about the benefits. I pay 50K to 55K through online and tenure is 12 years.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Sep 18, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    HDFC LIFE is offering a good benefits and the charges are nominal when compared with other insurer so I took a term plan with them. They have explained me about benefits of the policy. They need some improvement on the customer service. I have paid 24K for a year.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Sep 03, 2019
  • HDFC Life Life Insurance
    "Average Policy"
    0.5 4.0/5 "Great!"
    Bought my money back policy from HDFC LIFE. Taken the policy in the year of 2016. Earlier i had a salary account with HDFC hence the manager is forcefully to take this policy. I am paying the premium amount of Rs. 25000 annually. I need to pay the premium for 5 years after 5 years there is a lockin period. I get the sum assured amount of Rs. 2.50 lakhs.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 27, 2019
  • HDFC Life Life Insurance
    "Quickest way to insure"
    0.5 5.0/5 "Blown Away!"
    Its very to take a policy through online from HDFC. The claim ratio is very nice hence i have chosen the HDFC LIFE. I'm satisfied with the coverage value of Rs. 50 lakhs. I have chosen the annual payments mode. They do have a partial disability cover is included.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 25, 2019
  • HDFC Life Life Insurance
    "Coverage for the premium is good"
    0.5 4.0/5 "Great!"
    Chosen my term insurance from HDFC LIFE. HDFC has better claim ratio thats the reason i opted the policy. I make the premium through online every time. I pay the premium amount of Rs. 6600. They have included with disability cover and accidental cover. The premium is less since i purchase the policy through online.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 16, 2019
  • HDFC Life Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I took a term insurance with HDFC LIFE, I have compared with online site and found they are having good payment rates. The customer service is good. I am satisfied with the benefits. I am doing monthly premium of Rs.2000 and need to pay till 15 years. The payment mode is online.
    Was this review helpful? 1
    , bangalore
    Reviewed on Aug 06, 2019
  • HDFC Life Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I have a term insurance with HDFC LIFE because the benefits are too beneficial. I am paying 9,400 rupees for a year through net banking. The policy covers till the age of 85. The nominee would be getting a benefit of 75L. They have provide insurance documents on time.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 06, 2019
  • HDFC Life Life Insurance
    "Satisfied"
    0.5 4.0/5 "Great!"
    Recently I have purchased a super savings policy from HDFC LIFE. I need to pay the premium for 8 years and after that I will get a profit for every year. They will be providing 10K on monthly basis. I have taken a policy premium of 75K per year. The payment mode is cheque.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 02, 2019
  • HDFC Life Life Insurance
    "If you want save tax, purchase this policy"
    0.5 5.0/5 "Blown Away!"
    Bought my life insurance policy from HDFC LIFE. For the tax benefit purpose, i purchase this policy. I am not sure about the plan name. They will double the money in returns at the time maturity and its a long term plan. I pay the premium amount of Rs. 24000 annually.
    Was this review helpful? 0
    , new delhi
    Reviewed on Aug 01, 2019
  • HDFC Life Life Insurance
    "Excellent Plan"
    0.5 5.0/5 "Blown Away!"
    Bought my life insurance from HDFC LIFE. Every year i need to invest the money of Rs. 50000 for first five years. Next 5 years will be a lockin period. After 10 years, i get the money of Rs. 18000 every year for 5 years and at the time of maturity i get a sum assured amount of Rs. 10 lakhs. I bought this policy for daughter's future.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 31, 2019
  • HDFC Life Life Insurance
    "Satisfactory"
    0.5 5.0/5 "Blown Away!"
    Actually I was looking for a investment plan with HDFC BANK and they have provided me a life insurance. I never asked them for a policy but still they provided me an opportunity then I researched and found the benefits are also good. I need to pay the premium of 30K half yearly through online.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 31, 2019
  • HDFC Life Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have chosen the life insurance policy from HDFC LIFE and the plan is Super Income. For the future salary purpose, i have selected the policy. In this policy, i need to pay the premium for first 10 years and the next years will be lockin period and after i can get a lumpsum amount or else i can convert into monthly payment. I pay the premium amount of Rs. 25000 per annum. They are providing the sum assured amount of Rs. 1.87 lakhs.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 30, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have taken the CHILDREN PLAN with the HDFC LIFE where the maturity period of the policy is for 15 years with the policy. The coverage is for self with the policy is for self added on that the benefit of the policy is in case of any incident happened will be getting the amount and after the maturity there is a sum assured.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 29, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the life insurance policy with HDFC LIFE and the maturity period of the policy is for 7 years but the premium have to pay for 5 years. The documents submitted through the offline. The sum assure value of the policy is for 5L. I got the hard copy too.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jul 27, 2019
  • HDFC Life Life Insurance
    "Need to provide correct details "
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in HDFC LIFE on 2 years before. The policy is for 10 years and other 10 years for maturity. I am paying premium in the yearly package. While getting a policy my agent has not given an information about the policy details at an initial they stated offers later that offers are not listed in the benefits. I use to do payment through an online.
    Was this review helpful? 0
    , pune
    Reviewed on Jul 26, 2019
  • HDFC Life Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    Yearly once I'm paying the premium for my life insurance. My cousin is working in HDFC hence i have taken the policy. I'm satisfied with the sum assured amount. I make the premium through online. I have a HDFC corporate account hence its easy to pay.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 26, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    TERM PLAN using from last few years, the documents submitted through the online as well as the offline process. The premium paying for 6 months, coverage is for self. There is no coverage apart from this. The customer support is good and responsive.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 22, 2019
  • HDFC Life Life Insurance
    "Need to decrease charges"
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in HDFC LIFE on 10 days before only. The policy for 12 years.I am paying premium in the monthly package. While getting a policy my agent has given an information about the policy details. They detect amount from my credit card for the payment.Charges are high. EMI is only 945 told at an initial then later it was for 1276 EMI charges per month.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 21, 2019
  • HDFC Life Life Insurance
    "Good for family protection"
    0.5 5.0/5 "Blown Away!"
    I have term plan with HDFC life, I have chosen the sum assured of Rs. 75 lakhs it has the duration of 50 years, life cover is upto 75 years. I make the premium around Rs. 800 per month, it has tax cover, critical illness, waiver on premium at disability. Cancer and Heart attack cover is also there.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 19, 2019
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