Paisawiki is a Part of
Life Insurance plans play a crucial role in ensuring the financial security of family members in the scenario of the death of the breadwinner. It also enables the policyholders to build their wealth and secure a financially stable future for themselves and their family members.
HDFC Life Insurance Plans are designed to help people meet their long-term financial goals and objectives, while also making sure that their dependants are adequately taken care of after their demise. HDFC Standard Life offers a wide range of risk management solutions meant for individuals, families, and group entities.
HDFC Standard Life Insurance offers an expansive range of insurance policies in multiple segments. People can compare plans offered by the insurer online and subsequently invest in the one that perfectly fits their requirements.
The HDFC Standard Life Insurance term plans offer a life cover, along with ensuring the financial security of dependents of the insured individual.
This HDFC life insurance plan has been designed to provide financial protection to family members of the insured. The policyholders may customize this plan with the diverse plan options available to them, and choose their policy terms and premium payment terms on that basis. Future premiums on the policy are waived in the event of diagnosis of critical and terminal illness, or accidental total and permanent disability
This plan comes with an income option that pays 10% of the sum assured on death of the policyholder, and the remaining 90% as monthly income over 15 years. This HDFC Standard Life Insurance policy provides life cover to the insured at cost-effective pricing and comes with flexible premium payment options
This policy provides the insured individual with protection for their whole life. The premiums of this HDFC Standard Life Insurance policy are waived on the diagnosis of critical and terminal illness, as well as on accidental disability. With the help of top-up covers, the life cover of this plan can be increased every year
These plans enable policyholders to enjoy multiple avenues to save their money so that they can systematically grow over some time and help them to meet their long-term objectives.
This HDFC Standard life insurance unit-linked plan offers both life cover and investment options to policyholders while providing them with a range of fund options to invest in. They also enjoy the flexibility to choose their policy term and premium payment option
This policy offers both joint and individual life cover, and provides the policyholder with the chance to earn market-linked returns. Under this HDFC Life Insurance policy, the surviving policyholder gets the option to either withdraw the entire fund value or continue with life cover for the remaining policy term. After the policy term’s 10th year, additions on loyalty can be earned by allocating additional units. Loyalty additions can be earned through the allocation of additional units after completion of the 10th year of the policy’s term
This is an endowment policy that provides the policyholder with two choices, endowment, and endowment with life cover up to the age of 100 years. This HDFC Standard Life Insurance plan covers both maturity benefit and accidental death benefit
This policy offers the insured individual with life cover and investment opportunities, and comes with a limited premium payment term of 7 years and 10 years. The policyholders of this HDFC Life Insurance plan enjoys a guaranteed reversionary bonus during the premium payment term.
This is a limited pay, non-linked, and participating money-back policy that offers guaranteed benefits and investment options. This HDFC Standard Life Insurance policy offers assured income for a period of 8 to 15 years to the insured individual.
This HDFC Life Insurance policy provides the policyholder with the option of investing in any one of 3 fund choices. The premium payments for this plan can be customized as per the policyholder's requirement. They additionally get to avail of the fund value as the maturity benefit.
This is a savings oriented life insurance plan that offers 2 benefit options for the policyholder to choose from. They additionally get to make a choice from 8 investment funds, as per their financial goals.
This HDFC Life Insurance plan provides an opportunity for the policyholder to invest in the stock market, and gives them the flexibility of selecting their distinct investment strategy based on the risk appetite.
Providing the policyholders with the chance to achieve long-term savings, this is an HDFC Standard Life Insurance unit-linked-cum-savings plan. Policyholders can make their choice from 8 investment funds and can select both their policy and the sum assured as well.
In this HDFC Life Insurance plan, the premiums paid are invested in fund options chosen by the policyholder, and they receive the fund value of the investment on the maturity of the policy. This fund value is paid along with the sum assured to the nominee in the event of the policyholder's death
Policyholders get to enjoy the option of maximizing their returns in this HDFC Standard Life Insurance unit-linked policy. They need to make a single premium payment for this plan and get the option of choosing from 4 investment funds.
This is a savings oriented policy, which provides policyholders with the benefit of 3% guaranteed additions per annum during the policy term’s first 5 years. This HDFC Standard Life Insurance policy has comparatively cost-effective premium rates as opposed to similar plans.
This policy offers protection against investments made, as well as life cover. Policyholders also get a maturity benefit of 101% of the total number of premiums paid on the maturity of this HDFC Life Insurance plan.
Policyholders have to make a single premium payment in this policy. This plan has been designed for the rural populace and enables them to enjoy returns even on low amounts invested.
This HDFC Life Insurance plan has significantly low premium rates, and also provides policyholders with the flexibility of choosing their premium payment terms. They additionally receive the accrued reversionary bonuses as the maturity amount, along with the sum assured.
The HDFC Life Insurance child plans have been designed to enable people to start saving for future expenses of their children from an early stage, so that they would have adequate finance with them to meet expenses related to their higher education, marriage, etc.
This HDFC Standard Life Insurance policy assures guaranteed payouts at each major milestone of the child's life. The coverage of this plan can be availed for diverse policy tenures and premium payment terms.
This HDFC Life Insurance plan takes care of all significant financial milestones in the life of the child of the policy buyer, like education, marriage, buying a house, etc. In the event of the death of the life assured, this policy shall provide yearly payments to the family.
These HDFC Standard Life Insurance plans for retirement have been designed to ensure that \ policyholders get to enjoy a regular income even after not being employed.
In case of death or venting, this policy provides people with an assured benefit of 101% of the premiums paid. It also allows the policyholders to select an investment period between 10 years and 40 years, as per their convenience and requirement
This HDFC Life Insurance plan provides an assured 101% of all premiums paid, and gives policyholders the flexibility to select the tenure and guaranteed regular income if the annuity has been purchased
This HDFC Standard Life Insurance unit-linked and single premium policy provides policyholders with the assurance that they would enjoy a considerable corpus post-retirement
This HDFC Life Insurance plan provides assured payouts at vesting or death, while also guaranteeing addition of 3% of sum assured on the completion of each year
This traditional pension policy enables policyholders to select an annuity, and start earning a regular income after retirement. This HDFC Life Insurance policy additionally assures guaranteed income for as long as policyholders or their spouses are alive
These HDFC Standard Life Insurance policies are designed to meet the specialized financial requirements of women.
This HDFC Standard Life Insurance plan provides both insurance and investment benefits. It also provides premium waiver benefit following the diagnosis of malignant cancer in female organs, pregnancy complications, as well as the death of the policyholder’s spouse
| Types Of HDFC Life Insurance Plans | Entry Age Limit (In Years) | Age of Maturity | Sum Assured | Policy Term (In Years) | Mode Of Premium |
| HDFC Standard Life Insurance Term Plan | 18-65 | 75 | 25 lakh - No Upper Limit | 10-40 years | Monthly, Quarterly, Half-yearly or Annual |
| Endowment Plan | 18-60 | 75 | 2,45,145 - No Upper Limit | 15 - 30 | Monthly, Half-yearly or Annual |
| Retirement Plan | 18-65 | 75 | 2 lakh - No Upper Limit | 10-40 | Monthly, Quarterly, Half-yearly or Annual |
| Savings Investment Plan | 30-45 | 7 | 1 lakh - No Upper Limit | 15-20 | Monthly, Quarterly, Half-yearly or Annual |
| Child Plan | 30 days - 60 | 75 | Based on factors like age, premium, etc. | 15 - 25 | Monthly, Half-yearly or Annual |
This insurance company maintains a vast distribution channel and network, and therefore their insurance plans are available in almost all major towns and cities across India
The benefit of customization of HDFC Life Insurance policies is available, such as getting enhanced rider protection for an extra premium
The claim settlement ratio of the HDFC Standard Life Insurance Company is good, and they have honored 97.8% individual claims and 99.27% group claims for the financial year 2017-18. This factor underlines that the policyholders would typically enjoy a hassle-free claim settlement process with them.
When planning to apply for an HDFC Life Insurance Plan, the policy buyers would have to fill up and sign the relevant illustration copy, proposal form, and the Most Important Document (MID).
The illustration copy features specific basic policy details like the plan name, policy tenure, premium frequency, etc. The assumed returns on investment at diverse stages of the plan, including the effect of charges, are also mentioned in the case of HDFC Standard Life Insurance unit-linked policies.
The proposal form, on the other hand, features important plan details, as well as personal details of the assured, beneficiary, nominee, and appointee (if applicable).
The Most Important Document (MID) is a single page declaration form that the policy buyers would have to fill when applying for an HDFC Life Insurance Plan. This document would serve as proof of understanding of the critical features of the relevant policy.
In addition to the documents mentioned above, policyholders would also have to submit their age proof, income proof, identity proof, and address proof, when applying for an HDFC Life Insurance Plan. The following documents are considered to be valid for applying an HDFC Life Insurance Policy:
If not expressly stated to the contrary in the policy document, the HDFC Life Insurance Company will not make any payments in respect of any insured individual, if the event arises from, is caused by, is in any manner attributable to any of the following:
The following points underline how to claim an HDFC Life Insurance plan:
Write a letter intimating the HDFC Standard Life Insurance Company about the claim
After receiving the intimation letter, the company shall revert with a list of documents that one has to submit to start the claim settlement process
If the documents are found to be sufficient, the company shall accept the claim request and process the same in a prompt manner
In case the claim is rejected, the company shall directly communicate with the person in concern on the reasons for rejection
Here are the documents required when making claims for an HDFC Life Insurance Plan:
HDFC Standard Life Insurance offers an expansive range of insurance policies in multiple segments. People can compare plans offered by the insurer online and subsequently invest in the one that perfectly fits their requirements.
Documents Required in case of Natural Death:
Click on instant renewal
Enter the policy details
The premium sum for renewal shall get generated automatically
People can easily buy any HDFC Standard Life Insurance Policy by visiting a local branch of the insurance company near them. Certain HDFC life insurance policies can also be bought online through their official website. Before buying any policy, people can compare plans offered by the insurer online as well, to identify the one that perfectly meets their requirements and comes under their budget.
You May Also Like: HDFC Life Term Insurance Plans
