*Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2019-20.
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T&C Apply
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^Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2019-20.
*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). 5) Interest rate would be at bank rate prevailing at the start of FY20-21.
A life and health insurance plan that gives your family all-round protection
Features:
5% discount* on total premium on purchase
Customize your plan with a choice of 9 plan options
Whole life long protection option
Flexibility to choose premium pay terms
* Discount of 5% on annual premiums paid towards both Life & Health will be offered. If Customer decides to opt out of one of the products, the discount, if any, shall not be available to the Customer going forward.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
HDFC Life Click 2 Wealth
A Unit Linked, Non Participating, Life Insurance plan that offers market linked returns, charges minimally, provides valuable financial protection for you and your family
Features:
Choice of 10 fund options with unlimited free switching
Three plan options to choose from
Systematic Transfer plan strategy for advantage of Rupee Cost Averaging
Premium waiver benefit that protects the future of your loved one in your absence
It is a participating life insurance plan that provides an option to avail cover for whole of life (till the age 100 years) and helps generate a regular income and build a corpus to achieve the planned goals.
Features:
Life cover with protection up to age 100 years
Choose between Immediate Income or Deferred Income options as per your needs
Flexibility to choose survival benefit payout date
It is an investment-cum-insurance plan that offers the potential of higher returns, by investing a part of your money in equity and the balance in debt.
Features:
Protect your investment from market risks with an Assured Maturity Benefit of 101% of Total Premiums paid
Pay premiums only once or for a limited period of 5 years
Get increasing Loyalty Additions from the end of the 6th policy year onwards to boost the Fund Value
Stay protected during the entire policy term with life insurance cover
It is a Single Premium Unit Linked Plan with a unique option that offers coverage for two individuals to help optimize the investments along with additional coverage benefit.
Features:
Single Premium Savings Plan with Life cover
Investment flexibility with 11 funds: Unlimited free switches allowed
HDFC Life – Guaranteed Savings Plan is a Non-Linked, Non-Participating Endowment Life Insurance Plan which helps you protecting your life goals from eventualities through a life insurance cover and creating a corpus by offering a guaranteed lump sum at maturity.
HDFC Life Uday helps you do just that with benefits like guaranteed additions and bonuses while ensuring that your family receives a lump sum benefit in case of your unfortunate death.
Features:
Low ticket size
Multiple term options
Guaranteed Additions1 of 3% p.a. during the first five policy years
Bonuses declared at the end of each financial year
1For conditions please refer to the section on Guaranteed Additions in the Product Brochure
"HDFC Life Assured Pension Plan – ULIP" is a Unit Linked Plan that offers you market linked returns, with Loyalty additions and helps you achieve your retirement goals by planning well in advance.
A plan which provides financial protection in case you are diagnosed with a cardiac condition or are undergoing a procedure as covered under the policy
5 quick and easy steps towards a protected and prosperous future.
Economical
Buying an insurance policy online is more cost effective than an offline purchase.
Minimum Paperwork
Policy issued with minimum paperwork.
Transparent
All charges are shown upfront with no hidden costs.
Understand Your Insurance Needs
Understand Your Insurance Needs
Different insurance plans address different needs.Depending on your life stage and goals, select the plan which helps you achieve the same.
Determine Your Coverage Amount
Determine Your Coverage Amount
Your coverage amount should be dependent on your future financial needs as well as account for inflation. What may seem enough now, may not be sufficient.
Earlier You Start The Better
Earlier You Start The Better
Age is one of the primary factors for premium calculation. So younger you are, lesser the premium. Start early and secure a low-cost cover for long term.
Know Your T&Cs
Know Your T&Cs
Most of the insurance plans have certain terms under which the benefits are withheld. Read the product brochure carefully before buying and know the exclusions.
Be Truthful
Be Truthful
Ensure the details provided by you while buying the policy are true. Providing incomplete or false information can lead to claim rejection and thus beating the core objective of being insured.
Buy Online
Buy Online
Purchasing your policy online is fast and convenient. Since you avoid the intermediaries, this is often a cheaper mode of purchase.
Bereavement & illness can drain you physically, emotionally and financially. At HDFC Life, we are fully committed to be with you in the moment of need through a quicker, simpler and an efficient claims settlement process.
*Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2019-20
1-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 of every day of delay beyond one working day
T&C Apply 1) For all claims* fulfilling above mentioned condition, provided we receive all the documents, the claim will be 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 the 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 a 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. Inquest report, First/Final Information report, Viscera/Chemical Analysis report
Claim Settlement Ratio
(Percentage and average claim settlement time)
2019-20
Average claim settlement time: 4 days
99.07%
2018-19
Average claim settlement time: 4 days
99.03%
2017-18
Average claim settlement time: 5 days
97.8%
2016-17
Average claim settlement time: 5 days
97.62%
2015-16
Average claim settlement time: 8 days
95.02%
Customer Speak
Seamless. User Friendly. Prompt
Mihir Trivedi February 21st, 2020
The whole experience was great. The team was really helpful to guide the process
Kunal Samant February 12th, 2020
It's great.
Abhishek Murmu February 11th, 2020
It was user-friendly process portal was good
Shrikant Chatur February 11th, 2020
Very easy to buy and user friendly process. Additional information clarity needs to be improved. Overall very happy and satisfied.
HDFC Life is one of the leading life insurance companies in India
that offers a range of individual and group insurance solutions that meet various needs such as Protection, Pension, Savings & Investment, Health, Child and Women's plans
HDFC Life saw 18% growth in overall new business premium collection. Sanjay Tripathy, Senior EVP, HDFC Life, among new channels, the online channel contributed 50% in individual Business.
HDFC Life, India’s leading private Life Insurance Company, conducted a survey of the current state financial freedom in India, which also captured the current state of health planning among Indian consumers.
HDFC Standard Life Signs Up Indiabulls Housing Finance as Corporate Agency
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