HDFC Life , Bengaluru - 560001


Phone: 18602679999

9, 4th Flr, Esquire Centre, MG Rd, Bengaluru, Karnataka


https://www.hdfclife.com/
HDFC Standard life Insurence Term plan, HDFC Endowment plan, HDFC Retirement plan, HDFC life child plan, HDFC Saving Investment plan

About: Insurance Companies, life Insurance Agents, Life insurence Agents-HDFC Life, HDFC Life

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:

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 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 - 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 Minimum Annual Instalment Premium Policy Term (Tenure)
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 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 (2017-18) 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 (2017-18) Claim Settlement Ratio (2016-17) Claim Settlement Ratio (2015-16) Claim Settlement Ratio (2014-15) Claim Settlement Ratio (2013-14)
23,564.41 19445.49 16312.98 14.829.9 12,062.9 97.80% 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
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