Estimate you monetary requirements and therefore your sum assured

Decide on the corpus needed to fulfill your future financial needs. The expected corpus should be discounted by factors like inflation. This corpus can be used by you to fix the sum assured that you will need in the future.

Choose the policy term

Estimate the time you have to achieve your future financial goals. This will help you fix the policy term for which you need to pay premiums.

Choose the additional optional benefits(riders)

Some polices offer you additional benefits. You can customize your policy by choosing any of the options available as riders.

Work out the premium payable

Based on the sum assured , the policy term and the additional optional benefits, you will be able to calculate the premiums you need to pay. You can either contact an HDFC Standard Life representative or use our online calculator to calculate the amount of premium you need to pay.

Estimate the maturity benefit (corpus) you desire

Based on you future financial needs, estimate the amount you wish to receive in future from your insurance policy. You can also use our online calculator to calculate your future financial needs.

Choose your policy term

This will depend on the years you have to save for your future financial needs.

Choose the premium you wish to invest

Choose the premium you wish to pay during the premium paying term. Also decide on the frequency of payment - single or regular (monthly, quarterly half yearly or annually), depending upon what the policy offers.

Choose your level of protection

Choose your level of protection by deciding on the sum assured. Usually the sum assured can be fixed as a multiple of the annual premium you wish to pay and there are minimum and maximum limits prescribed as per the policy type.

Choose the plan options available.

Some polices offer you options which provide additional insurance benefits. You can customize your policy by choosing any of the options available.

Choose your investment fund.

Choose the investment fund from the range of funds that we offer, based on your risk profile. You can also choose to invest in multiple funds in the proportion you desire.

Calculate your Human Life Value (HLV)

Calculate your HLV. This will help you understand today's value of your future earnings. It will calculate the corpus needed to secure your family's financial future in your absence.

Estimate your life cover considering your HLV, loan liabilities and family expenses.

Choose the additional optional benefit

Some polices offer you additional benefits. You can customize your policy by choosing any of the options available as riders.

Work out the premium payable.

Based on your life coverage and additional benefits opted for (if any), get an indication of the corresponding premium you need to pay. You can either contact an HDFC Standard Life representative or use our online calculator to calculate the amount of premium you need to pay