hdfc-life-term-insurance

HDFC Life Term Insurance Plans

Company Overview

HDFC Standard Life Insurance Company Limited ('HDFC Life' / ‘Company’) is a joint venture between HDFC Ltd., one of India’s leading housing finance institution and Standard Life Aberdeen, a global investment company.

Established in 2000, HDFC Life is a leading long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment and Health. As on Jun 30, 2018, the Company had 34 individual and 11 group products in its portfolio, along with 8 optional rider benefits, catering to a diverse range of customer needs.

HDFC Life continues to benefit from its increased presence across the country having a wide reach with 413 branches and additional distribution touch-points through several new tie-ups and partnerships comprising 163 bancassurance partners including NBFCs, MFIs, SFBs, etc and 26 partnerships within non-traditional ecosystems. The Company has a strong base of financial consultants.

In Fiscal 2012, The Company established a wholly-owned subsidiary, HDFC Pension Management Company Ltd., to operate its pension fund business under the National Pension Scheme (NPS). And in Fiscal 2016, the Company established its first international wholly-owned subsidiary in the UAE, HDFC International Life and Re Company Ltd., to operate its reinsurance business.

HDFC Standard Life Insurance Company Limited. CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.

Address:- Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Tel No: (022)67516666.

Email: buyonline@hdfclife.in   Website: https://www.hdfclife.com/term-insurance-plans

Toll-Free: 1800-266-9777

List of HDFC Life Term Insurance Plans

HDFC Life Click 2 Protect 3D Plus

HDFC Life Click 2 Protect 3D Plus is a online term insurance plan that offers comprehensive security at an affordable price. 3D stands for the three uncertainties that we face at some point in time, i.e. Death, Disability and Disease. With this online term policy, ensure that your family is safeguarded financially if an unexpected eventuality occurs. HDFC Life Click 2 Protect 3D Plus offers a wide range of 9 plan options to help one choose as per their need.

Key Features

  • Provide financial protection to you and your family at an affordable cost
  • Customize your online term plan with a choice of 9 plan options
  • All future premiums are waived on Accidental Total Permanent Disability (available under all options) and on diagnosis of Critical Illness (available under 3D Life & 3D Life Long Protection options)
  • Protect yourself for whole of life with Life Long Protection & 3D Life Long Protection options
  • Flexibility to choose your policy and premium payment terms
  • Life Stage Protection feature offers to increase insurance cover on certain key milestones without medicals
  • Flexibility to increase your cover every year through top-up option
  • Special premium rates for female lives
  • Attractive premium rates for non-tobacco users
  • Tax benefits* as per prevailing tax laws

*Tax benefits are subject to change from time to time

*Total Premiums paid = Annualised Premium × number of years (or part thereof) for which premiums have been paid for Limited and Regular Pay or Single Premium for Single Pay

Click 2 Protect Health

HDFC Life and Apollo Munich Health Insurance have joined hands to bring you the benefits of health and life insurance in a comprehensive and affordable Click 2 Protect Health.So nothing comes in the way as you and your family lead a life of pride.

Key Features

Protection:
  • Provide financial protection to you and your family at an affordable cost
  • Customize your plan with a choice of 9 plan options
  • All future premiums are waived on Accidental Total Permanent Disability (Available under all options) and on diagnosis of Critical Illness (available under 3D Life & 3D Life Long Protection options).
  • Protect yourself for whole of life with lifelong protection options
  • Flexibility to choose your policy and premium payment terms
  • Life Stage Protection feature offers to increase insurance cover on certain key milestones without medicals
  • Flexibility to increase your cover every year through top-up option
  • Special premium rates for female lives.
  • Attractive premium rates for non-tobacco users
  • Tax benefits** under section 80C and 10 (10 D)as per prevailing tax laws
  • ** Calculated on highest tax bracket i.e.`46,350/- under Sec. 80C (Life Insurance Plan) and `16,995/- under Sec. 80D (Health Insurance Plan). As per Section 80CCE, the aggregate amount of deduction under Sec. 80C, 80CCC and 80CCD(1), shall not in, any case, exceed `1,50,000/-. The above mentioned tax benefits are subject to changes in tax laws. These calculations are illustrative and based on our understanding of current tax legislation. Above figures are calculated for a salaried employee at the highest tax bracket. Please contact your tax consultant for an exact calculation of your tax liabilities.
Health:
  • Restore benefit– A unique benefit that automatically reinstates the basic sum insured in case you exhaust it in a policy year.
  • Multiplier benefit– We will increase your basic sum insured by 50% for every claim free year upto 100% of basic sum insured
  • Stay Active benefit- Now with Stay Active benefit, simply walk your way to good health and earn upto 8% discount on your renewal premium.
  • Preventive Health Check-up- This Policy helps you keep track of your health status with its preventive health check up benefit offered at renewal irrespective of claim status
  • Lifelong renewal- Offers lifelong coverage on continuous renewal and stay covered forever
  • No sub-limit on room rent- With this health plan you can get the room you like and the treatment you deserve without a hassle
  • Cashless transaction- Policy enables you to get treated on a cashless basis across 4500 + network hospitals in over 830 cities.
  • No geography based sub-limits- No matter where you buy your policy you can get treated in any city or hospital you like in the country with no additional co pays or sub-limits
  • No claim based loading- We will never load your renewal premium because you claimed or fell ill after taking our policy
  • Quick turnaround time- You don't have to worry about claim pre-authorization, 90% of pre­ authorization is done within 2 hours
  • Quick claim payment- When it comes to claim settlement, we're one of the fastest in the industry to honor every genuine claim
  • Easy upgrade- This health plan also comes with an easy upgrade option. You can upgrade your cover to the next slab at the time of your policy renewal
  • You can avail tax benefits for the premium amount under Section 80 D of the Income Tax Act*

* Tax benefits are subject to change from time to time

Claim Process

We promise to be with you in your time of need. Therefore we have a simplified claim process.

For any assistance or query relating to reporting claims(Death Claims/Maturity Benefits) you may get in touch with us by emailing us at claims@hdfclife.com and we will get back to you with the details that will be required to process a claim. To know about Claim process/ to file a claim click here

For any further assistance you may call us on 1860 267 9999 (Local charges apply).

Claim Track Record for FY 2017 - 18

At HDFC Life, we ensure a hassle-free and uniquely sensitive claim experience. We are always doing our utmost to enable faster settlement of claims and our Claims Settlement Ratio reflects our assurance.

We have honoured 97.8% Individual Claims and 99.27% Group Claims!*

Same Day Claims Processing:

Claims processed within 24 hours for all claims over 3 years from date of inception**

Dedicated Claims Assistance:

We provide assistance at every step in the claim settlement journey from form fill up to document pick up.

Disclaimer:

*The claim statistics is for Financial Year 2017-2018 and is computed basis claims settled over total claims for the financial year (refer Public Disclosures in our website for more information).

**Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved.

The average claims settlement time from the time of document submission to the company and the claim cheque is dispatched / NEFT processed is 8 days^ for the FY 2015-16.

^ Source (Annual Report 2015-16)