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  • 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 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 95.02% for year 2015-2016

    Occupation eligibility for HDFC Life Insurance

    Grievances Resolved

    99.38% Grievances Settled for year 2015-2016


    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 currently has almost 30 individual products in addition to eight group products in its portfolio. It also offers eight optional riders that can help in meeting the financial needs and requirements of a diverse customer base.

    HDFC Life also boasts a large network, with almost 400 offices across 980+ towns and cities in the country. Its distribution network is also relatively strong, with more than 9000 distributors working with the company. In addition, the company also has a large number of financial consultants who can help customers in finding the life insurance policies that will meet their unique requirements.

    Different Kinds of Life Insurance Policies Offered by HDFC Life:

    HDFC 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 as they 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: This policy ensures a life cover of Rs.1 crore at a very nominal monthly premium. Enjoy tax benefits as well as Life Stage Protection Feature. Avail several flexible options to choose from to customize the policy according to your requirements. This term plan can be availed online too.
    2. HDFC Life CSC Suraksha: This term insurance policy ensures that customers remain protected for the entirety of the policy term. It also provides the family of the policyholder a lump sum amount in case of the untimely demise of the individual.
    Plan Basic Sum Assured Policy Term (Tenure)
    HDFC Life Click 2 Protect Plus Rs.25 lacs 10 years to 40 years
    HDFC Life CSC Suraksha Rs.30,000 5 years to 15 years

    HDFC Life Savings and Investment Plans:

    The savings and investment plans offered by HDFC Life 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 Super Savings Plan: A long-term regular savings endowment plan that provides flexibility to choose the policy term and offers an additional sum assured in case of death.
    3. HDFC Life Sanchay: HDFC Life Sanchay is a non-participating, traditional plan that offers guaranteed benefits. The plan has limited period as policy terms. If all the premiums are paid then the guaranteed maturity benefit can be anywhere between 220%-325% of the sum assured.
    4. HDFC Life Super Income Plan: Super Income plan is a money-back policy that is a participating plan which offers guaranteed benefits as well as bonuses and is best suited for individuals with a regular income.
    5. HDFC Life Sampoorn Samriddhi Plus: This is a limited period endowment 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 comes with a built-in accidental death rider which provides additional sum assured.
    6. HDFC Life Uday: An insurance plan aimed to provide increased benefits on future savings through bonuses and additions while also providing the sum assured along with said bonuses as a maturity benefit and death benefit.
    7. 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.
    8. HDFC Life 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.
    9. 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.
    10. HDFC SL ProGrowth Super II: The ProGrowth Super 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 is always financially covered.
    11. HDFC SL ProGrowth Flexi: The Progrowth Flexi from HDFC Life is a savings and insurance unit linked insurance plans that provides financial security to the family of a policyholder.
    12. HDFC Life Sampoorn Nivesh: Sampoorn Nivesh is a distinctive insurance and investment plans that offers the option of multiple funds so that the policyholder can optimise his / her investments.
    13. HDFC SL ProGrowth Maximiser: The SL ProGroth Maximiser plan from HDFC 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.
    Plan Basic Sum Assured Policy Term (Tenure)
    HDFC Life ClassicAssure Plus Rs.49,447 for 10 year policy term, Rs.48,032 for 15 year policy term, and Rs.73,516 for 20year policy term. 10 years / 15 years / 20 years
    HDFC Life Sanchay Rs.105,673 15 years to 25 years
    HDFC Life Super Income Plan Rs.128,337 16 years / 18 years / 20 years / 22 years / 24 years / 27 years
    HDFC Life Sampoorn Samriddhi Plus Rs.65,463 15 years to 40 years
    HDFC Life Uday Rs.28,465 12 years to 15 years
    HDFC Life Capital Shield For Single Premium policies, the minimum sum assured for individuals under 45 years of age will be 125% of Single Premium, and the minimum sum assured for individuals who are 45 years or above will be 110% of Single Premium For Limited Premium policies, the minimum 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 54 years of age. 10 years
    HDFC Life 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 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 10 years
    HDFC SL ProGrowth Super II 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 10 years to 30 years
    HDFC SL ProGrowth Flexi 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 10 years to 30 years
    HDFC Life Sampoorn Nivesh 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. 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. 5 years / 10 years
    HDFC Life Super Savings Plus Rs.245,155 15 years to 30 years

    HDFC Life Child Plans:

    Given the unpredictability of life, it is essential to ensure that your children are financially secure at all times. The child plans offered by HDFC Life 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 such costs as 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.
    2. HDFC Life YoungStar Super Premium: The Youngstar Super Premium plan by HDFC is essentially a ULIP plan that takes care of all the important financial milestones in your child’s life like education, marriage, buying a house and so on.
    Plan Basic Sum Assured Policy Term (Tenure)
    HDFC Life YoungStar Udaan Information not available 15 years to 25 years
    HDFC Life YoungStar Super Premium 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. 10 years to 20 years

    HDFC Life Retirement Plans:

    The retirement solutions offered by HDFC Life 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 101% of the sum assured in case of death. Also, the plan allows you to choose from a wide range of tenure. EMI option is available for HDFC credit card holders.
    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 guarantees an addition of 3% of sum assured on each premium year completion. A flexible policy term can be chosen. The plan has only a single life basis of availing.
    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.
    6. HDFC Life Click2Retire: The HDFC Life Click2Retire 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 policy term offered by the plan is 15 to 35 years.
    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 thanks to strategic and systematic planning in advance.
    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 Information not available Information not available
    HDFC Life Click2Retire 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 Women’s Plans:

    HDFC Life has designed a special solution that caters specifically to the various financial requirements of women. These plans are 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
    Plan Basic Sum Assured Policy Term (Tenure)
    HDFC Life Smart Woman Plan 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 10 years / 15 years

    How to Claim Insurance with HDFC Life:

    Following is the procedure to claim insurance with HDFC Life:

    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

    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

    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

    HDFC Life Claim Settlement Ratio:

    Total Premium in Crores (2014-15) Total Premium in Crores (2013-14) Claim Settlement Ratio (2014-15) Claim Settlement Ratio (2013-14)
    14.829.9 12,062.9 90.50% 94.01%

    Documents Required for Purchasing a HDFC 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 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. Click this link and you will be requested to enter the User ID along with the password to login. Once you have logged in, you can enter the policy number along with other details requested, and the status of your HDFC Life insurance policy will appear on 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, such as the kind of plan (customer / group), your policy number, your date of birth, your name, the due date for the premium, the amount of premium you have to pay, your email ID and your contact number. Then click on the Confirm option and select your payment mode, viz. credit card / debit card / net banking, etc., and make your premium payment. Your premium payment will then be complete.

    HDFC Life Frequently Asked Questions:

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

    A. 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 and terminal bonus.

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

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

    A. HDFC Standard Life offers HDFC Life Smart Woman Plan which is lets you to choose between a traditional endowment plan and unit-linked insurance plan depending on the risk factors and your ability to take risk.

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

    A. HDFC Life Pro Growth 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 ULIP plan and you can make the most of equities by channelizing your savings. With HDFC Life Super Savings plan you can also choose between a traditional endowment plan and a ULIP. The fund invests in a variety of assets to earn returns on your policy, these returns are declared in the form of bonuses. The bonuses once declared are guaranteed.

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

    A. Yes, you can get a comprehensive, pure protection health and medical insurance plan. HDFC Life Health Assure Plan lets you reimburse medical expenses incurring in hospital. You get the flexibility to choose from 2 types of plan and 2 types of plan options and other optional benefits. Your cover will be automatically double after 2 claim free years. You can also avail cashless claim service at the network hospitals.

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

    A. 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 and an increased benefit where the sum insured increases every year under the gold and platinum option.

    6. What are the documents required to open a life insurance?

    A. You will have to submit the following documents:

    • Income proof
    • Age proof
    • Residence proof
    • Identity proof
    • PAN card

    If you have to submit other document, you will be notified by the agent.

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

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

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

    A. 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.

    9. What is the claim process of HDFC Life Insurance?

    A. The stages of claim process and evaluation are as follows:Submit the claim intimation form.

    HDFC will then send a letter to the nominee or to the title holder to the claim.

    Once the documentation is complete and the information is received, HDFC will take a decision to accept or reject the claim.

    Once the claim application is accepted, the payment will be made to the nominee or to the title holder to the claim.

    The claim application can be rejected because of non-fulfilment of policy term and condition and also because of non-disclosure. If the claim application is rejected, HDFC will communicate with you providing a reason for the rejection.

    10. What is the claim track record of HDFC Life insurance for the financial year 2013 – 14?

    A. HDFC life ensures that the claim application experience is hassle-free and they ensure that the claims are settled faster. HDFC Life has settled 94.01% claims under individual death claims and 100% under group claims. The claim amount that was settled was worth Rs.245.89 crores.

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

    A. 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.

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

    A. 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. 

    How to Apply HDFC Life Insurance Online

    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.

      24th 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.

      11th 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.

      25th 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.

      20th 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.

      4th 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.

      2nd 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.

      2nd 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.

      24th 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.

      11th 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.

      31st July 2015

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

    HDFC Life Insurance Reviews

  • Page 1 of 47 1 2 3 4 5
    • HDFC Life Life Insurance
      "Wonderful "
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the HDFC life and am using it from the last one year of time, also the response was really a nice one. I would like to say that the service aspects and other things are really good one for me.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 11, 2017
    • HDFC Life Life Insurance
      "Average"
      0.5 2.0/5 "Expected more"
      I already have life insurance policy with the HDFC life insurance company. The services are really good one with them but its not really great. Coverage value and the plan benefits are a fine one. Customer service is also good one with the HDFC life.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 2017
    • HDFC Life Life Insurance
      "HDFC life insurance is fine"
      0.5 4.0/5 "Great!"
      HDFC LIFE is fine, the plan benefits are really good also the premium is reasonable once in a year its15k. its has been one month since I had taken this plan it is a money back plan and it is interest free and also they confirmed the amount would be given to my dependents in my absence.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Aug 08, 2017
    • HDFC Life Life Insurance
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      As a existing customer and a ex employee of HDFC Bank. I was also given a good benefit on the Term insurance from HDFC Life. The process to get the policy was simple as it was only. The term is for 60 years and the premiums are economical. The payment options are very much convenient.
      Was this review helpful? 0
      , bhiwadi
      Reviewed on Aug 05, 2017
    • HDFC Life Life Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      With the HDFC life insurance company, I do have term life insurance policy and the premium is around 20000 Rupees per annum Coverage value not sure how much it is response is good with them till now and I have not faced any drawbacks with them I have not faced any issues till now with them
      Was this review helpful? 0
      , vapi
      Reviewed on Jul 04, 2017
    • HDFC Life Life Insurance
      "Average policy to use"
      0.5 3.0/5 "Satisfactory"
      I got the HDFC life insurance policy on 2012 . This policy has the tenure of 10 years, but I have closed the policy within 7years and I have got the maturity amount. It is also called as guaranteed maturity amount. I have paid Rs.50,000 per annum . I have got the policy coverage of Rs.2, 96,0000 when I took the policy within 7 years. I can say it was an average policy with better plan benefits.
      Was this review helpful? 1
      , madurai
      Reviewed on Jun 27, 2017
    • HDFC Life Life Insurance
      "Need Improvement"
      0.5 2.0/5 "Expected more"
      HDFC gave a life insurance policy with 3 years of tenure. They told I can get the maturity amount after 5 years. They asked me to pay the premium of Rs.15,000 per annum and I have paid 1 year premium and after that I can't continue the policy due to some issues and I have asked to close the policy they said the amount paid will not be returned by HDFC Life.
      Was this review helpful? 0
      , haridwar
      Reviewed on Jun 27, 2017
    • HDFC Life Life Insurance
      "Best"
      0.5 4.0/5 "Great!"
      I do have term life insurance policy with the HDFC life insurance company. Everything was done by online service and the coverage value was around 50 lakh Rupees and the premium is around 14000 Rupees. Regular alerts are fine one with them, also they are flexible with the customer.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • HDFC Life Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      HDFC life coverage is 50lakhs. There are many options to repay the premium of this policy, however I prefer making the payment through credit card. I got life insurance policy before 3 months. Every year I pay 15k per year. I got this policy very recently. The plan benefits are really good on this policy. The total tenure is for a period of 24 years and I am happy to hold this life insurance.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 21, 2017
    • HDFC Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I do have life insurance policy with the HDFC life insurance company and am with them from the last six years of time. Customer service is good one and the premium is around 16000 Rupees per annum. Coverage value is fine one with the HDFC life insurance and the payment option is working in good way.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jun 21, 2017
    • HDFC Life Life Insurance
      "Good protection for the family"
      0.5 5.0/5 "Blown Away!"
      I took Term insurance from HDFC Life, I am making the half yearly premium of Rs.4500, if its annual Rs.9000. I should make the payment for forty years. After that I wont get any return but my nominees will get the reimbursement Rs.40 lakhs, if some thing happened to me.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 19, 2017
    • HDFC Life Life Insurance
      "Good for family"
      0.5 4.0/5 "Great!"
      I have taken Life Term insurance with HDFC Life, yearly I make the premium of Rs.8750. I should make the premium upto 20 years, its completely pure insurance called death risk policy, I won't get any return my dependent will get the claim of Rs.50 lakhs in one slot. HDFC Life claim settlement ratio is good.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 16, 2017
    • HDFC Life Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I got the health insurance policy with the HDFC life insurance and it provides the coverage value is around five lakh Rupees. I have not faced any claims with them till now and the payment mode is good, also there are nil drawbacks with them till now. As per my view, Woman should take this policy especially for cancer. Its a kind of booster insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • HDFC Life Life Insurance
      "A friend in need"
      0.5 4.0/5 "Great!"
      I do have the life insurance policy with the HDFC life and the service aspects are really good. Coverage value is around 4 lakh Rupees and its for the tax securing purpose. I would like to say that they are on the right path and till now I have not faced any hassle.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 14, 2017
    • HDFC Life Life Insurance
      "Okay "
      0.5 3.0/5 "Satisfactory"
      I do have life insurance policy with the HDFC life insurance company and I got it for the add-on of my home loan. The premium is around 45000 Rupees and the coverage value is around 12.5 lakh Rupees. The policy premium is a refundable one after twenty years of time , also its up to the home loan tenure.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Jun 12, 2017
    • HDFC Life Life Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      I have a life insurance policy with HDFC Life for about past 5 months. The plan benefits and the policy coverages are really good with HDFC insurance policy. I pay Rs.3000 per annum as premium. This policy has the tenure of 10 years. Overall I can say it is very good policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 07, 2017
    • HDFC Life Life Insurance
      "Click to invest"
      0.5 5.0/5 "Blown Away!"
      I am having the life insurance policy with the HDFC life and I do have banking account with their group. Their services are really better one, also the response is good one and the tenure is for thirty years of time and the coverage is for 10 lakh Rupees.
      Was this review helpful? 0
      , margao
      Reviewed on May 30, 2017
    • HDFC Life Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having the life insurance policy with the HDFC life and the tenure is around two years of time. Coverage value is up to 5 lakh Rupees and the response is good one and the premium is around 7000 Rupees for twice of the year . Its hassle free too.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 27, 2017
    • HDFC Life Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I am having life insurance policy with the HDFC and the annual premium Iam paying around is 50k it depends on the market rate when your taking this policy and at the time of retrieving the same rate will be given as it is,and they have slabs for 3 years 5 years and 8 years in which we can chose what ever we want
      Was this review helpful? 0
      , vadodara
      Reviewed on May 25, 2017
    • HDFC Life Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having life insurance policy with the HDFC life and the annual charges are nil with them but the service taxes are applicable. Coverage is up to the premium amount and I have not faced any difficulties with them.
      Was this review helpful? 0
      , nasik
      Reviewed on May 22, 2017
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