HDFC Life Insurance Company Limited, also known as HDFC Life Insurance, is a joint venture between HDFC Ltd and Standard Life Aberdeen Abrdn Plc. Established in 2000, HDFC Life Insurance is one of the leading long-term life insurance providers in the country. It has more than 421 branches in over 980 cities, towns, and villages in India.
HDFC Life Insurance has a wide range of life insurance plans that are designed to meet the needs of every individual, such as pension plans, protection plans, savings plans, investment plans, annuity plans and Health plans.
HDFC Life Insurance has received many awards and recognitions over the years. In the below section, we have mentioned some of the awards and achievements won by HDFC Life Insurance:
HDFC Life Insurance was awarded the "Best Use of AI and Machine Learning - Life Insurance" Award in the 3rd Annual BFSI Technology Excellence Awards Category by Quantic India.
HDFC Life Insurance wins "Product Innovator of the Year - Life Insurance" for the product - sanchay FMP in the 3rd Annual BFSI Technology Excellence Awards Category 2022 by Quantic India.
HDFC life was awarded the "Women in Insurance Leadership Award" at the 3rd Emerging Asia Awards 2022 by ICC.
HDFC Life Insurance won the "The Experience Maker Executive of the Year" Award at the Adobe Experience Maker Awards 2022.
HDFC Life won the Gold Award at the 2022 Brandon Hall Excellence Awards for the Best Use of Mobile Learning.
Read below to know more about HDFC Life Insurance in detail.
HDFC Life Insurance Company Specification
Below mentioned are the key specifications of HDFC Life insurance company.
Particular
Specifications
Claim Paid Percentage
99.39% (individual claims)
Branches in India
421
Solvency Ratio (2020-21)
2
Lives insured
6.8 Crores
Assets Under Management
₹2,30,000 Crores
* The data mentioned above is taken from the official website of HDFC Life and the IRDAI Annual Report 2022-23.
Key Features of HDFC Life Insurance
Every life insurance company in India offers different types of life insurance plans. However, choosing the best life insurance company to buy a life plan can be a daunting task for anyone. Hence, we have listed down some of the key features of HDFC Life Insurance Company that you must consider before choosing a life insurance plan from a life insurance company:
01
Wide Range of Life Insurance Products
HDFC Life Insurance offers its customers a wide range of life insurance products. HDFC Life Insurance plans are designed to meet each and every insurance requirement of each individual. Moreover, with such a wide range of life plans, it is easy for you to compare and buy the best life insurance plan for yourself and your family.
02
Affordable Premiums
HDFC Life Insurance plans are designed to meet every requirement of every individual at affordable premium amounts. HDFC plans also provide comprehensive financial protection to your family in case of your absence.
03
Claim Settlement Ratio
The claim settlement ratio gives us the number of claims settled by a life insurance company out of the number of claims made in a year. HDFC Life Insurance has a claim settlement ratio of 99.39% (individual claims) in the years 2022-23, per the annual report of IRDAI (2022-23).
04
Solvency Ratio
The solvency ratio is one of the crucial factors that we should consider before choosing a life insurance plan from a life insurance company. The solvency ratio of a life insurance company helps us to analyze the ability of the company to meet its financial obligations. As per the IRDAI annual report (2022-23), HDFC Life Insurance has a solvency ratio of 2.0 in the financial year 2022-23.
05
Dedicated Customer Support
Buying an HDFC insurance policy provides peace of mind as the HDFC life insurance company offers an efficient customer support team. They have also enabled a customer portal where the policyholders can access their HDFC life policy online and manage all activities, including revival/ renewal, policy update, and track service requests.
HDFC Life Policy List
Have a look at the HDFC life insurance policy details with the eligibility criteria and key features:
HDFC Term Insurance Plan
HDFC Life Saral Jeevan Bima
Coverage Benefits
Tax Benefit
Death Benefit
Multiple Premium Payment Option
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Assured: 5 Lakhs to No Upper Limit
HDFC Life Click 2 Protect Super
Coverage Benefits
Accidental death benefit
Additional cover for spouse
Return of premium
Eligibility Criteria
Entry Age: 18 years - 84 years
Sum Assured: 5k - No limit
HDFC Life Sanchay Legacy
Coverage Benefits
Whole life plan
2 plan options
Early ROP benefit
Eligibility Criteria
Entry Age: 40 years - 75 years
Sum Assured: 1.25 times the single premium
HDFC Click 2 Protect Elite
Coverage Benefits
Smart exit benefit
Death benefit
Maturity benefit
Eligibility Criteria
Entry Age: 18 years - 45 years
Sum Assured: 2 Crore - No Limit
HDFC Life Term With Return of Premium
Coverage Benefits
No medical test
Return of total premium paid
Death benefit
Eligibility Criteria
Entry Age: 18 years - 50 years
Sum Assured: 5 Lakhs - 25 Lakhs
QuickProtect by HDFC Life
Coverage Benefits
Flexible term cover
19 critical illnesses covered
No medical test required
Eligibility Criteria
Entry Age: 18 years - 50 years
Sum Assured: Up to 75 Lakhs
HDFC Life Smart Term Pro
Coverage Benefits
Life cover
Return of total premium
Rider benefits
Eligibility Criteria
Entry Age: 18 years - 60 years
Sum Assured: 15 Lakhs - No Limit
HDFC Savings Life Insurance Plan
HDFC Life Click 2 Achieve
Coverage Benefits
Guaranteed benefits
Juvenile critical illness cover
Tax benefits
Eligibility Criteria
Entry Age: 30 days - 13 years
Sum Assured: Rs. 50k - No limit
HDFC Life Sanchay Par Advantage
Coverage Benefits
Up to 100 years of coverage
Survival benefit payouts
Tax benefits
Eligibility Criteria
Entry Age: 30 days - 65 years
Sum Assured: 3 Lakhs - No limit
HDFC Life Sanchay Plus Plan
Coverage Benefits
Guaranteed benefit payouts
Life-long income option
Optional riders
Eligibility Criteria
Entry Age: 30 days - 65 years
HDFC Life Sanchay Fixed Maturity Plan
Coverage Benefits
Single/ joint life cover
Guaranteed benefits
No medical examinations
Eligibility Criteria
Entry Age: 90 days - 65 years
Sum Assured: Rs. 12.5k - No limit
HDFC Life Guaranteed Income Insurance Plan
Coverage Benefits
Guaranteed regular income
Death benefit
Tax benefits
Eligibility Criteria
Entry Age: 30 days - 65 years
Sum Assured: No limit
HDFC Life Saral Jeevan Plan
Coverage Benefits
Guaranteed return
Tax benefits
Optional income benefit
Eligibility Criteria
Entry Age: 30 days - 65 years
HDFC Life ClassicAssure Plus Plan
Coverage Benefits
Bonus benefit
Maturity benefit
Death benefit
Eligibility Criteria
Entry Age: 30 days - 60 years
HDFC Life Super Income Plan
Coverage Benefits
Regular income benefit
Survival benefit
Maturity payout
Eligibility Criteria
Entry Age: 30 days - 59 years
Sum Assured: Rs. 18,457 - No limit
HDFC Life Sampoorn Samridhi Plus Plan
Coverage Benefits
Guaranteed additions
Tax benefit
Life cover of up to 100 years
Eligibility Criteria
Entry Age: 30 days - 60 years
Sum Assured: Rs. 65,463 - No limit
HDFC Life Smart Income Plan
Coverage Benefits
Guaranteed income benefit
Bonus available
Survival Benefit
Eligibility Criteria
Entry Age: 4 years - 60 years
HDFC Life Assured Gain Plus Plan
Coverage Benefits
Maturity benefit
Rider benefits
Death benefit
Eligibility Criteria
Entry Age: 3 years - 65 years
HDFC Life Guaranteed Wealth Plus Plan
Coverage Benefits
Death benefit
Maturity Benefit
Survival Benefit
Eligibility Criteria
Entry Age: 30 days - 60 years
HDFC Sampoorna Jeevan Plan
Coverage Benefits
Guaranteed income benefit
Policy benefit
Death benefit
Eligibility Criteria
Entry Age: 3 years - 60 years
HDFC Life Income Advantage Plan
Coverage Benefits
Guaranteed income
Survival benefit
Rider benefits
Eligibility Criteria
Entry Age: 3 years - 55 years
HDFC Life Uday Plan
Coverage Benefits
Guaranteed additions
Maturity Benefit
In-built accidental death benefit
Eligibility Criteria
Entry Age: 18 years - 55 years
HDFC Life Pragati Plan
Coverage Benefits
Maturity benefit
Auto cover continuance
Bonus available
Eligibility Criteria
Entry Age: 18 years - 55 years
HDFC Life New Creating Life Insurance Plan
Coverage Benefits
Death benefit
Limited pay option
Save for child future
Eligibility Criteria
Entry Age: 18 years - 45 years
HDFC Life Secured Income Insurance RP Plan
Coverage Benefits
Death benefit
Family income payout
Maturity benefit
Eligibility Criteria
Entry Age: 0 years - 55 years
HDFC Life My Life Assured Income Plan
Coverage Benefits
Guaranteed income
Death benefit
Tax benefits
Eligibility Criteria
Entry Age: 2 years - 60 years
HDFC Life Saral Bachat Plan
Coverage Benefits
Death benefit
Regular income benefit
Guaranteed returns
Eligibility Criteria
Entry Age: 8 years - 50 years
HDFC Life Secured Income Insurance Plus Plan
Coverage Benefits
Death benefit
Maturity Benefit
Policy loan
Eligibility Criteria
Entry Age: 0 years - 50 years
HDFC Life New Fulfilling Life Plan
Coverage Benefits
Periodic survival benefits
Death benefit
Optional riders
Eligibility Criteria
Entry Age: 15 years - 50 years
HDFC Life Star Saver Plan
Coverage Benefits
Maturity benefit
Guaranteed additions
Death benefit
Eligibility Criteria
Entry Age: 3 years - 60 years
Sum Assured: Rs. 67,950 - No limit
HDFC Ulip Plans
HDFC Life Click 2 Wealth Plan
Coverage Benefits
Tax Benefit
Death Benefit
Maturity Benefit
Eligibility Criteria
Entry Age: 30 days to 65 Years
HDFC Life Click 2 Invest Plan
Coverage Benefits
Tax Benefit
Death Benefit
Maturity Benefit
Eligibility Criteria
Entry Age: 30 Days to 65 Years
HDFC Life Progrowth flexi Plan
Coverage Benefits
Accidental Death Benefit
Death Benefit
Tax Benefit
Eligibility Criteria
Entry Age: 14 Years to 65 Years
HDFC Life Sampoorn Nivesh Plan
Coverage Benefits
Accidental Death Benefit
Death Benefit
Tax Benefit
Eligibility Criteria
Entry Age: 30 Days to 65 Years
HDFC Life ProGrowth Plus Plan
Coverage Benefits
Death Benefit
Accidental Death Benefit
Partial Withdrawl Benefit
Eligibility Criteria
Entry Age: 30 Days to 65 Years
HDFC Life SL ProGrowth Super II Plan
Coverage Benefits
Death Benefit
Critical Illness Benefit
Accidental Death
Eligibility Criteria
Entry Age: 14 Years to 65 Years
HDFC Life SL Crest Plan
Coverage Benefits
Death Benefit
Maturity Benefit
Partial Withdrawl Benefit
Eligibility Criteria
Entry Age: 14 Years to 55 Years
HDFC Life Capital Shield Plan
Coverage Benefits
Death Benefit
Maturity Benefit
Partial Withdrawl Benefit
Eligibility Criteria
Entry Age: 8 Years to 60 Years
HDFC Life Smart Protect Plan
Coverage Benefits
4 plan options
Death benefit
Level cover
Eligibility Criteria
Entry Age: 30 days - 60 years
HDFC Life Smart Woman Plan
Coverage Benefits
Premium waiver benefit
Maturity benefit
Partial Withdrawl Benefit
Eligibility Criteria
Entry Age: 18 years - 45 years
HDFC Life Classic One Plan
Coverage Benefits
Single/ joint life option
Loyalty additions
Tax benefits
Eligibility Criteria
Entry Age: 0 years - 80 years
HDFC Life Wealth Builder Plan
Coverage Benefits
Maturity benefit
Death benefit
8 unit-linked funds
Eligibility Criteria
Entry Age: 8 years - 65 years
HDFC Life Wealth Elite Plan
Coverage Benefits
Maturity benefit
Death benefit
8 fund options
Eligibility Criteria
Entry Age: 0 years - 65 years
HDFC Life Wealth Maxima Plan
Coverage Benefits
Loyalty additions
Maturity Benefit
Death benefit
Eligibility Criteria
Entry Age: 0 years - 65 years
HDFC Retirement- Annuity/ Pension Plans
HDFC Life Pension Guaranteed Plan
Coverage Benefits
Tax Benefit
Death Benefit
Top up Option
Eligibility Criteria
Entry Age: 30 Years to 85 Years
HDFC Life Guaranteed Pension Plan
Coverage Benefits
Tax Benefit
Death Benefit
Vesting Benefit
Eligibility Criteria
Entry Age: 35 Years to 70 Years
HDFC Life New Immediate Annuity Plan
Coverage Benefits
Critical Illness Benefit
Multiple Payout Option
Tax Benfit
Eligibility Criteria
Entry Age: 20 Years to 85 Years
HDFC Life Assured Pension Plan
Coverage Benefits
Vesting Benefit
Multiple Payment Option
Death Benefit
Eligibility Criteria
Entry Age: 18 Years to 65 Years
HDFC Life Personal Pension Plan
Coverage Benefits
Death Benefit
Vesting Benefit
Terminal Bonus
Eligibility Criteria
Entry Age: 18 Years to 65 Years
HDFC Life Click 2 Retire Plan
Coverage Benefits
Death Benefit
Vesting Benefit
Tax Benefit
Eligibility Criteria
Entry Age: 18 Years to 65 Years
HDFC Life Systematic Retirement Plan
Coverage Benefits
Income for whole life
Return of total premium on death
Survival benefit
Eligibility Criteria
Entry Age: 45 years - 75 years
HDFC Life Smart Pension Plus Plan
Coverage Benefits
Single/ joint life
Increasing annuity
Annuity income for whole life
Eligibility Criteria
Entry Age: 18 years - 100 years
HDFC Life Saral Pension Plan
Coverage Benefits
Policy loan
Surrender option
No medical examination
Eligibility Criteria
Entry Age: 40 years - 80 years
HDFC Life Systematic Pension Plan
Coverage Benefits
Participation in profits
Optional riders
Death benefit
Eligibility Criteria
Entry Age: 18 years - 75 years
HDFC Life Smart Pension Plan
Coverage Benefits
Loyalty additions
Death benefit
Partial withdrawal
Eligibility Criteria
Entry Age: 18 years - 70 years
HDFC Life Child Plan
HDFC Life SL Youngstar Udaan Plan
Coverage Benefits
Death Benefit
Tax Benefit
Flexible Payout Option
Eligibility Criteria
Entry Age: 30 Days to 60 Years
HDFC Life Youngstar Super Premium
Coverage Benefits
Save Benefit
Save and Gain Benefit
Tax Benefit
Eligibility Criteria
Entry Age: 18 Years to 65 Years
HDFC Life Wealth Maxima Plan
Coverage Benefits
Death benefit
Loyalty additions
Maturity benefit
Eligibility Criteria
Entry Age: 0 years - 65 years
HDFC Life Combo Plan
HDFC Life Sanchay Maximiser
Coverage Benefits
Death Benefit
Maturity Benefit
Survival Benefit
Eligibility Criteria
Entry Age: 7 Years to 60 Years
HDFC Life Group Insurance Plan
HDFC SL Group Traditional Plan
Coverage Benefits
Assured benefits
Death benefit
Policy surrender
Eligibility Criteria
Entry Age: 18 years - 75 years
HDFC Life Group Unit Linked Pension Plan
Coverage Benefits
Return protector options
Superannuation benefit
Partial surrender
Eligibility Criteria
Entry Age: 18 years - 74 years
HDFC Life Group Variable Employee Benefit Plan
Coverage Benefits
Tax benefits
Policy surrender
Assured benefit
Eligibility Criteria
Entry Age: 0 years - 65 years
HDFC Life New Group Unit Linked Plan
Coverage Benefits
Death benefit
Survival benefit
Tax benefit
Eligibility Criteria
Entry Age: As per policy rules
HDFC Life New Immediate Annuity Plan
Coverage Benefits
Return of purchase price on death/ critical illness
Income source for life
High annuity option
Eligibility Criteria
Entry Age: 18 years - 99 years
HDFC Life Group Gratuity Product
Coverage Benefits
Transfer of past contribution
Tax benefits
Loyalty additions
Eligibility Criteria
Entry Age: 18 years - 79 years
HDFC Life Group Traditional Secure Plan
Coverage Benefits
Multi-year guarantee
Maturity benefit
Benefit on death
Eligibility Criteria
Entry Age: 18 years - 75 years
HDFC Life Group Unit Linked Future Secure Plan
Coverage Benefits
Availability of funds to invest
Large fund additions
Tax benefits
Eligibility Criteria
Entry Age: 18 years - 75 years
Sum Assured/ Annuity (per annum): Rs. 5,000
HDFC Life Insurance Buying Process
You can buy HDFC Life Insurance plans in two ways, i.e. from the official website of HDFC Life Insurance and RenewBuy. Given below are the steps to buy the HDFC Life plan:
Through HDFC Life Insurance Official Website
Visit the official website of "HDFC Life Insurance".
Choose the desired plan and click on the "Buy Now" Button.
Fill in the required information and click on the "calculate" button.
Check the premium amount and click on the "Pay Now" button.
Review the details and pay the premium amount online.
HDFC Life Insurance will share the policy document at your registered email address.
Through RenewBuy
Visit the official site of "RenewBuy."
Select the "Life Insurance Plan" tab.
Select the "Best Life insurance companies in India" tab.
The next tab will show you all the life insurance companies.
Click on the "HDFC Life Insurance" tab.
Select the desired HDFC Life Insurance Plan.
Fill in all the required information.
Click on "Buy Now".
Proceed with the payment.
HDFC Life Insurance Claim Process
HDFC Life offers you a simple, quick and hassle-free claim process. Below mentioned are the steps to raise your claim for your HDFC Life Insurance plan:
Visit the "HDFC Life Insurance" official website.
Click on the "Make a Claim" tab and then click on the "submit claim" button.
Submit the necessary documents along with the nominee details.
Then, click on the "Click Here" button to proceed.
Then HDFC Life Insurance will connect with you regarding your claim status.
You can also track your claim by clicking on the "Track Claim" button.
Required Documents For HDFC Life Insurance Claim Process
You need to submit the below-mentioned documents to process your claim smoothly and efficiently.
In Case of Natural Death
Original Policy Documents
Death Certificate
Claim application
Address proof
Identity Proof of the claimant
Medical documents of the Policyholder
In Case of Unnatural Death
Death Certificate
Claim application
NEFT Account details
Police records (attested by police authorities)
Post-mortem (attested by hospital authorities)
Address proof
Identity Proof of the claimant
HDFC Life Insurance Contact Details
If you have any queries regarding HDFC Life Insurance plans and claims settlement, you can contact the HDFC Life Insurance company by using the information given below:
HDFC Life Insurance Address : HDFC Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011.