Our Recommended Insurance Solutions
The effective way to secure your family’s future
- Webpages
- Documents
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
For NRI Customers
(To Buy a Policy)
-
![Contact Image]()
Call (All Days, Local charges apply)
-
![Contact Image]()
Email ID
-
![Contact Image]()
Whatsapp
(If you're our existing customer)
-
![Contact Image]()
Call (Mon-Sat, 10am-9pm IST, Local Charges Apply)
-
![Contact Image]()
Email ID
For Online Policy Purchase
(New and Ongoing Applications)
-
![Contact Image]()
Call (All Days & Toll free)
-
![Contact Image]()
Schedule a call
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Give missed call to buy a policy
-
![Contact Image]()
Email
Branch Locator
-
![Contact Image]()
Locate a branch
For Existing Customers
(Issued Policy)
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Call (Mon to Sat, from 10 am to 7 pm, Call charges apply)
-
![Contact Image]()
Email
Fund Performance Check
-
![Contact Image]()
Call (Missed Call)
Life Insurance
Life insurance is like an investment in your family's future. It is a contract between a policyholder and an insurance company where the former pays premiums for the policy chosen. In exchange, the latter promises an assured sum of money to the policy's beneficiaries upon the policyholder's sudden demise. Thus, it's essential to choose a perfect life insurance plan catering to your needs and preferences.
There are life insurance policies such as savings plans that assist you with achieving your desired financial goals and investment plans that offer high potential returns. If you are new to investing, you can seek professional advice from experts to reach an informed decision.
How much life insurance do you need?
With so many considerations, let us help you to make easy decisions for your life insurance needs.
Not sure which Life Insurance to buy?
Talk to an
Advisor right away
We help you to choose best insurance plan based on your needs
HDFC Life Click 2 Invest - ULIP
Minimal charges to get the most from your investments
Key Benefits of Purchasing Life Insurance Online
Safe and Transparent
All Terms and conditions, policy charges, shown upfront with no hidden costs or details. What you see is what you get.
Certified and Registered Online Agents
Our online agents will guide you every step of the way - Product selection, Form filling, Payment and After sales customer service. Each step is available and accessible online. All our calls are recorded for accountability.
Exclusive Online Discounts
Depending on the product type, purchasing insurance online is economical. Example: You get additional 7% online discount on your first premium on our term product: HDFC Life Click 2 Protect Super
Convenience at your fingertips
Explore all products & plan options, choose policy terms, do premium payments, all from the comfort of your home. Also get support from online and 400+ branches across India.
HDFC Life Insurance - Customer Stories!
"Thanks to HDFC Life, I am now able to pursue my education abroad and fulfill my parents' dreams"
Sartajbir Singh
Batala, Punjab
Caringwith
Pride
Sartajbir Singh
Batala, Punjab
Caringwith
Pride
" I want to express my gratitude to Mr. Nishant Sharma from HDFC Life for his invaluable assistance during my difficult time. As an 18 yr old, managing the death claim of my mother while my father was working abroad, I was distressed. Nishant not only helped me with all the documentation for claim submission but also provided unwavering support throughout. His guidance made a significant difference in navigating the claims procedure. The claim closure time efficiency was an additional source of relief during this challenging period. I must emphasize Nishants exceptional character and dedication. He truly went above and beyond to help me out. Thanks to HDFC Life, I am now able to fulfill my parents' dreams."
INT/MC/06/23/1951
"HDFC Life's prompt service amazed me as I received the claim amount within 24 hours"
Anoop Chahar
Agra, Uttar Pradesh
Caringwith
Pride
Anoop Chahar
Agra, Uttar Pradesh
Caringwith
Pride
" I am grateful to Mr. Harish Rawat and HDFC Life for their incredible assistance in processing my father's death claim. HDFC Life's prompt service amazed me as I received the claim amount within 24 hours of applying. Mr. Harish went the extra mile by personally arranging the required hospital discharge summary required for claim submission. I sincerely thank Mr. Harish and HDFC Life for their outstanding dedication and support. Their commitment to their responsibilities and customers is truly commendable, and I am forever grateful for their exceptional service."
INT/MC/06/23/1951
"In addition to the quality service, the transparency displayed by HDFC Life has instilled confidence in me as a customer"
Parna Acharya
Batala, Punjab
Caringwith
Pride
Parna Acharya
Batala, Punjab
Caringwith
Pride
" The seamless and efficient claim processing of my late husband's HDFC Life Term plan has provided us with the much-needed financial stability during this challenging time. Moreover, the personalized attention and empathy shown by the staff has left a lasting impression on me. I would like to express my gratitude for timely communication throughout the entire process by Mr. Subhadip. His prompt updates and clear explanations helped alleviate my concerns and kept me informed at every step. In addition to the quality service received, the transparency displayed by HDFC Life has instilled confidence in me as a customer. Thank you for being there for me and my family during this difficult journey."
INT/MC/06/23/1951
About HDFC LIFE
HDFC Life is one of India's leading life insurance company offering a range of individual and group insurance solutions that meet your various needs such as Protection, Pension, Savings & Investment, Health and more.
As per HDFC Life Integrated Annual Report FY 2023 - 2024
SUPERBRAND FOR THE 9TH TIME
Superbrand 2023-24
SUM ASSURED
13.34 lakh crore
New Business
BRANCHES
535
Across in India
ASSETS UNDER MANAGEMENT
2,92,220 crore
In FY 23-24
NUMBER OF LIVES INSURED
6.6 Cr
In FY 23-24
As per HDFC Life Integrated Annual Report FY 2023 - 2024
Claim Track Record - FY 2023-2024
We have honoured 99.50% Individual Claims!*
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, with our Claim Settlement Ratio reflecting this assurance.
Same Day Claims Processing
Individual claims processed within 24 business hours for all claims over 3 years from the date of inception**.
*Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2023-24.
Check last 5 years claims trend.**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.
Know More
One Day Claim Settlement
is available for the following
- Cumulative claim amount on all policies up to ₹2 crores
- 1 day claim settlement is exclusively available for policies bought online
- Claim does not require field investigation
- All requisite documents # submitted by the nominee before 3 PM on a working day at HDFC Life branches. Intimations beyond 3 PM will be taken up the next business day
- HDFC Life will pay an interest on your death claim amount for every day of delay beyond one working day
T&C Apply
1. For all claims fulfilling above mentioned conditions, provided we receive all the required documents, the claim will be processed within one working day and decision will be communicated accordingly.
2. Investigation / Open title / Rival / Court involved Claims are excluded.
3. Policy duration at the time of event is at least >=3 years.
4. Saturday, Sunday, public festivals and non-NAV days (for ULIP) are excluded (not treated as a working day) ^Interest rate would be at 6.25%per annum.
#Documentation Details
Claim form, Nominee photograph, Pan card copy, Identity and Address proof of nominee. (If nominee is minor, documents of appointee to be submitted). Death certificate issued by competent authority for death registrations. Medical cause of death certificate. Cancelled cheque/copy with the name of nominee/appointee mentioned on it as per the passbook of the nominee/appointee. Past & current complete medical records including discharge/death summary, indoor case papers, investigation reports, consultation notes. In case of an accidental death, additional documents will be required. Post Mortem Report, Panchnama, Police Inquest report, First/Final Information report, Viscera/Chemical Analysis report.
What is life insurance?
Have you ever wondered what would happen to your family in case of your untimely demise someday? Who will take care of their finances, such as their EMIs, grocery, education, and marriage expenses? Will your investments or savings be enough to help them survive for long? If you are indeed worried about all this, then life insurance is surely the answer. To determine the right coverage for your family’s needs, you can use a life insurance calculator. This tool will help you assess how much life insurance you need based on your financial goals and the future needs of your loved ones.
In exchange for your premium payments over the course of the policy term, the life insurrer such as HDFC Life offers you a life cover sum. Life insurance cover safeguards the future of your family by providing a lump sum payment, also known as a death benefit, in the event of your untimely demise during the policy’s term. Moreover, upon the expiration of the policy term, certain life insurance policies offer you a maturity benefit.
As you pay the life insurance premiums, the insurer agrees to pay a certain amount of money to the beneficiary of the life insurance policy upon the policyholder's death or after a predetermined period of time, which is the cover amount.
Because paying premiums is the only way to access all the benefits of a life insurance policy, it is best to choose a premium that is affordable. Only when you keep paying all premiums on time, the insurer offers the cover amount promised.
Now comes the question, why buy a life insurance? What benefits does it offer? Well, let us simplify that for you.
The most vital benefit of life insurance is safeguarding your finances. Any type life insurance plan has the ability to give your family financial stability is one of its main advantages. A death benefit is a core part and is included in life insurance policies. Your family members or nominee(s) will receive the sum assured, which is a predetermined amount if you pass away within the policy's term. This guarantees your family members' financial stability even when you aren't around.
The second benefit of life insurance is that it helps inculcate a savings habit. In order to maintain the validity of your life insurance policy, you must make periodic payments or premiums. Your policy may be cancelled if premiums are not paid. Thus, you develop a saving habit that will serve you well in the long run by investing on a regular basis.
Life insurance also promotes tax savings. The government has extended tax savings to a wide range of investment instruments in an effort to encourage savings and investment. One such tool is life insurance. As per 80C deductions of the Income Tax Act of 19611, you are eligible to receive a tax deduction of up to Rs 1.5 lakh for the annual premium that you pay. You thus get the advantage of both tax savings and investment.
Life insurance offers several benefits, including helping you achieve major financial goals in life. For instance, the best child education plan can serve as both a safety net and an investment. Over time, certain life insurance policies build cash value. Plans like ULIPs combine insurance coverage with an investment component, where a portion of your premium is invested to generate returns. These returns accumulate into a substantial corpus, which can be used to fulfill significant objectives, such as funding your child’s education or planning for their future milestones like marriage.
The fifth benefit of life insurance is distribution & wealth protection. One of the safest long-term investment options is life insurance policies. Hence, having life insurance will enable you to protect your wealth from taxes & inflation for an extended period of time. Because of this feature, life insurance plans are excellent tools for retired investors to create long-term pensions.
By combining a life insurance plan and a health insurance plan in your financial planning, you can ensure your family’s complete well-being—protecting them from both life's uncertainties & rising healthcare costs.
How Does Life Insurance Work?
While purchasing any type of life insurance, it's important for you to understand how it works and how your nominee can receive the benefits of your policy. Better understanding will help you on deciding on frequency of payment, payout plan and sum assured.
1. Buying life insurance
When buying a life insurance, it's important to consider the following factors:
- Life coverage you need
- Type of life insurance that will meet your financial needs
- Premiums that you will pay. For example term insurance calculator can help you with calculating the premiums to buy term insurance
- Add-on riders that will help you get a comprehensive financial cover
- Differences between various life insurance quotes for each possible policy
2. Payment of Premium
The premiums of a life insurance is dependent on a few factors, such as type of life insurance you purchase, term of the policy, premium paying term, your age, your gender, the insurance company selling the policy, and your overall health, wellness, and family history.
- To calculate premiums for term insurance plan you can use term insurance calculator
- To calculate premiums for ULIP you can use ULIP calculator
- To calculate premiums for savings plan you can use savings calculator
- To calculate premiums for investment plans you can use investment calculator
3. Claims
As far as the claim is concerned, if the insured passes away during the policy's tenure, a death benefit is paid to the insured's designated nominee in an amount predetermined by the insurer. Making a claim for this is a fairly easy process. A claim can be submitted online, through text message, email, phone at the insurer's call centre, or in person at a branch office. In order to expedite the claim processing, it is best to notify the insurer as soon as the required paperwork is prepared. Do research on the insurer's claim settlement ratio prior to buying a life insurance policy. This indicates the possibility that your claim will be resolved.
What are the different types of life insurance?
There are different types of life insurance policies, each unique in its own way. Let's explore the insurance plans in detail to allow the policyholder to select the most suitable one.
1 Term Insurance
Term insurance safeguards the future financial stability of your family in the event of your death. Term insurance is a pure protection plan. In addition, compared to other life insurance products, term insurance has cheaper premiums. If you purchase large covers early in life, the premiums are also more reasonable. You can opt to get all your premiums back after the term of the policy in case you survive through term insurance with return of premium. If you want to get critical illness insurance then you can choose avail the critical illness rider along with your base term insurance.
2 Whole Life Insurance
Whole life insurance is a plan that provides life cover for the whole life of the policyholder. It may extend to 99 or 100 years of age.
3 ULIP
A Unit Linked Insurance Plan (ULIP) is a special type of life insurance that combines protection with investment. With a ULIP, you get life coverage and the chance to invest in market-linked options, which can potentially grow your money over time. It also offers tax benefits and the flexibility to switch between different investment funds. Life insurance quotes help you figure out how much coverage you need and how to split your money between insurance and investments.
4 Retirement Plans
Retirement plans or pension plans are life insurance products designed to ensure you’re financially secure when you retire. They let you invest money while you’re working, building up a savings fund that you can use when you stop working. Investing in retirement plans is a smart, disciplined way to prepare for a comfortable and worry-free retirement.
5 Child Insurance Plans
Children deserve the best, and a child insurance plan can help secure their future by saving for education and marriage costs. Child plans provide maturity benefits when the child turns 18, either as a lump sum or in yearly payments. They also include insurance for parents, offering financial support if the insured parent passes away during the policy period.
One key benefit of child plans is the ability to choose how your money is invested—whether in debt, equity, or balanced funds. ULIP child plans also ensure that your returns keep up with inflation.
6 Savings and Investment Plans
Savings plans are life insurance products that help you build a guaranteed financial fund over time. You can use this money to meet your financial needs and future goals.
These plans have two benefits: they help you grow your wealth and provide life insurance. The investment plans also offer a death benefit. Depending on the type of savings plan you choose, it can also serve as a backup source of income, allowing for long-term planning. You can also opt for a money back policy, which offers both financial protection and investment benefits.
7 Group Insurance Plans
Group insurance plans facilitate the provision of numerous insurance benefits to a typical group of people at once. Groups and organisations can use these to offer effective life insurance benefits to their members or employees.
Now, you may ask why choose a group insurance plan. The primary benefit of group insurance plans is their hassle-free approach to large-scale insurance coverage. These plans are perfect for banks, societies, employers, associations, and financial institutions that provide coverage for a group of individuals who fit into a predetermined category.
8 Endowment Policy
The endowment policy provides guaranteed returns and protection of life insurance. By choosing an endowment plan, you can experience extensive coverage with the opportunity to save regularly. Thus, a policyholder expects to achieve a lump sum amount once the policy matures. In case of your sudden death during the policy tenure, your nominee will be eligible for death benefits.
Why should you consider buying life insurance?
Buying a life insurance is important in more ways than one. Let us explain why purchasing life insurance is not an option but a necessity:
1
1
Financial security for your family & loved ones
A life insurance plan can help your family live comfortably and worry-free by replacing your income in the event of your death. It assists them in maintaining their way of life and paying for bills like food, rent, schooling, etc.
...Read More
2
2
To pay for your children's future education
If the family's primary provider dies, the cost of their education may become extremely burdensome. Even if you are not living, life insurance makes sure your kids attend the college of their choice.
...Read More
3
3
To save for retirement and make plans for future
Unexpected occurrences such as illness and disability can cause financial ruin for your family. Retirement planning acts as a safety net, helping cover expenses in unanticipated situations. During retirement, you may find yourself without a regular income from your salary and thus a periodic pension plan will help you generate the monthly income for a stress-free retirement. You can use a pension calculator to estimate the amount of pension you would be able to generate from your investment in a pension plan.
...Read More
4
4
To settle any debts you may owe
Your family may have financial hardships following your death as a result of your debts. Life insurance provides financial freedom to your family members by assisting them in paying off debts such as credit card bills and house loans. In case if you have multiple liabilities and want to cover the amount then you can opt of a 2 crore term insurance.
...Read More
5
5
To qualify for tax deductions¹ under the Income Tax Act
Under section 80C of the Income Tax Act, you can benefit from tax deductions of up to Rs 1.5 lakhs annually with the premiums you pay. You can also avail section 80d the premiums you pay for add-on riders. As per the applicable tax regime and income tax slab you can get an estimate of the tax you can save.
...Read More
6
6
For financial security and peace of mind
Life insurance can provide you with a sense of calm by ensuring that your family is secure financially and does not need to worry about your debts. You can then live a confident and stress-free life.
...Read More
Who should buy life insurance?
Newly married people
Married couples need life insurance, especially if one partner depends on the other's income. It guarantees that the surviving spouse can continue to live comfortably and pay for things like household bills and the EMIs.
...Read More
Young parents
Having life insurance to cover your children's expenses in the event of your incapacity is essential if you have young children. Plans like HDFC Life Click 2 Wealth can help you secure your children's future while also building wealth.
The cover includes paying for regular bills, schooling, marriage, and additional costs associated with raising children.
...Read More
Individuals with financial liabilities
If you have a large amount of debt, such as a mortgage or student loan, life insurance can make sure that your family won't be left to deal with it after you pass away.
Also, if you are single and your dependents are dependent on your income, like ageing parents or older siblings, life insurance can give them the necessary financial support following your death. A 1 crore term insurance might be adequate enough for you to financially secure your family’s future.
...Read More
People about to get retired
Certain life insurance policies, such as whole life insurance plans or universal life insurance, can help you meet your financial objectives by giving you extra income during your golden years if you're planning for retirement and want to augment your retirement savings. To have a better understanding about the corpus you would need for your retirement, you can use a retirement calculator to calculate the amount you needed.
...Read More
What Happens When You Purchase Life Insurance?
When you buy a life insurance policy, you sign an agreement and pay a premium—either monthly or annually—to the insurance company on a regular basis for a predetermined amount of time.
The insurer will provide your dependents or loved ones with access to the assured sum in the event of your death. If you survive, you might be eligible for a maturity payment based on the terms and conditions.
It provides your family with financial security by acting as a cushion.
What to anticipate when buying a life insurance policy is as follows:
- Choosing a policy: You must first decide on the kind of life insurance policy you want, the amount of coverage you need, a term that best suits your needs, and the beneficiaries.
- Application: After that, you complete the required steps and fill out the application form. A medical examination might also be necessary to evaluate your health.
- Approval and payment: After that, you get the policy documentation and start making regular premium payments.
- Regular premium payment: Throughout the policy's term your main concern is making premium payments to maintain the status of your policy. Additionally, you are free to modify as needed.
- Maturity/Death: When the policy matures or the insured passes away, the insurer will pay the designated beneficiaries the death benefit or maturity amount.
Once you buy life insurance, here are the benefits which it will offer in your financial life:
- It lowers your tax burden
You should buy insurance if for no other reason than that you can deduct your premiums from your taxes.
- It will assist your family with debt repayment.
We never know what the future holds for us in life. Your family might have to deal with a car loan, credit card debt, or other loans if something were to happen to you. A life insurance policy's payout can assist your loved ones in paying off these debts.
Healthy individual.
- It can provide you assistance in achieving long-term goals.
You can invest modest sums that will add up over time to help you buy the house of your dreams or launch the business of your dreams, depending on the insurance plan you select.
- It offers a safety net for finances.
Being the breadwinner in the family, your loss will have a financial as well as emotional impact. Your family and loved ones will have a financial safety net to support them during their grieving process if you have good life insurance.
FAQ's about Life Insurance
1 What are the benefits of life insurance?
The biggest benefit of life insurance is that no matter your income level, life insurance ensures that your loved ones can make ends meet if you were to pass away.
Buying a life insurance policy at any stage in life gives you peace of mind. It offers a life cover that keeps you and your family protected in case of your unfortunate demise. The life insurance claim in the event of your death will help your family have a secure financial future, by paying for children's education, paying off debts and helping towards household expenses. The money you invest in life insurance is safe, and your family stands to gain from the benefits of insurance payouts in case of unforeseen circumstances.
Life insurance premiums are eligible for rebate for salaried persons to reduce their tax liability. Life insurance also gives you the benefit of taking a loan against the policy in certain cases. A life insurance policy will help you to plan your life goals, including your children's education, their marriages and your retirement corpus.
The riders available with your life insurance policy help you customise your plan and get maximum benefit.
There are different types of life insurance which help you reap the benefits of a secure future for yourself and your family.
2 What do you mean by life insurance?
It is a contract between a policyholder and the insurer wherein the insurer agrees to pay a certain sum of money in exchange for premiums upon death or maturity of the policy.