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:
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.
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.
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).
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.
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".
- Select the desired type of life insurance and click on the tab.
- 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.
Customer Care Toll-Free Number : 1800-266-9777
Email Address : [email protected]
