HDFC Life Insurance Company Limited, also known as HDFC Life Insurance. It is a joint venture between HDFC Ltd and Abrdn Plc. HDFC Life Insurance was established in the year 2000, and it is one of the leading long-term life insurance providers in the country. HDFC Insurance has more than 372 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 (2020-21) | 98.01% |
| Branches in India | 372 |
| Solvency Ratio (2020-21) | 1.99 |
| Market Share (2020-21) | 38,583.49 Crore |
*Data has been sourced from the annual report of IRDAI 2020-21
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 98.01% in the year 2020-21 as per the annual report of IRDAI (2020-21).
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 (2020-21), HDFC Life Insurance has a solvency ratio of 1.99 in the financial year 2020-21.
Term Insurance
 |
HDFC Life Click 2 Protect life |
Coverage Benefits
- Death Benefit
- Critical Illness Benefit
- Waiver of Premium
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Assured: 20 Lakhs to No Upper Limit
|
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 Click 2 protect Corona Kavach |
Coverage Benefits
- Special Premiums for Female
- COVID-19 Treatment
- Tax Benefit
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Assured: 10K
|
HDFC Click 2 Protect Health |
Coverage Benefits
- Special Premiums for Female
- Tax Benefit
- Attractive Premium for Non-tobacco User
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Saving Life Insurance Plan
|
HDFC Life Sanchay Plus Plan |
Coverage Benefits
- Tax Benefit
- Guaranteed Benefit
- Optional Riders
Eligibility Criteria
Entry Age: 5 Years to 60 Years
|
HDFC Life Sanchay Par Advantage Plan |
Coverage Benefits
- Tax Benefit
- Survival Benefit
- Multiple Plan Option
Eligibility Criteria
Entry Age: 30 Days to 65 Years
|
HDFC Life Sanchay Plan |
Coverage Benefits
- Maturity Benefit
- Death Benefit
- Tax Benefit
Eligibility Criteria
Entry Age: 30 Years to 65 Years
|
HDFC Life Sampoorn Samridhi Plus |
Coverage Benefits
- Accidental Death Benefit
- Death Benefit
- Maturity Benefit
Eligibility Criteria
Entry Age: 30 Years to 60 Years
|
HDFC Life ClassicAssure Plus |
Coverage Benefits
- Death Benefit
- Maturity Benefit
- Policy Loan
Eligibility Criteria
Entry Age: 3 Years to 60 Years
|
HDFC Life Uday Plan |
Coverage Benefits
- Death Benefit
- Maturity Benefit
- Terminal Bonus
Eligibility Criteria
Entry Age: 18 Years to 55 Years
|
HDFC Life Pragati Plan |
Coverage Benefits
- Death Benefit
- Maturity Benefit
- Auto Cover Continuance
Eligibility Criteria
Entry Age: 8 Years to 55 Years
|
HDFC Life Super Income Plan |
Coverage Benefits
- Death Benefit
- Maturity Benefit
- Survival Benefit
Eligibility Criteria
Entry Age: 18 Years to 59 Years
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 Pension/Retirement Plan
|
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 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 Cancer Care Plan |
Coverage Benefits
- Tax Benefit
- No Medical Test Required
- Lump Sum Benefit
Eligibility Criteria
Entry Age: 5 Years to 65 Years
|
HDFC Life Easy Health |
Coverage Benefits
- Critical Illness Benefit
- Surgical Benefit
- Daily Hospital Cash Benefit
Eligibility Criteria
Entry Age: 18 Years to 65 Years
Sum Assured: 25K to 5 Lakhs
|
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 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 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.com. 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.com
- 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 : service@hdfclife.com