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RESUME APPLICATION PAY PREMIUM

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Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Choose Your Term Insurance Nominee

Buying a term insurance plan is one of the most sensible financial decisions to make as it secures the future of your dependent. You can choose a nominee for your insurance policy to receive the policy amount after your death. It might be your husband, parents, or children. In other circumstances, it might be a nephew, niece, or a cousin.

1 Crore Term Insurance@ Rs.21/day^***

To delay is to regret

You may not always be around to take care of your family. And that’s when a term plan ensures your family is well protected.

Return of Premium (ROP) Option^{^}
17% Online Discount^**
Same Day Claim Processing^#
100% Claims guaranteed¹⁵

66 Mn.

Lives Insured^@

Rs. 3 Tn.

Assets under management^@

Rs. 630.8 Bn.

Total Premiums^@

ROP

Return of Premium^{^}

Same Day

Claim Processing^#

17%

Online Discount^**

100%

Claims guaranteed¹⁵

Get Rs. 1 Cr. Life Cover at just Rs.21/day***

17% Online Discount^**

Save tax up to Rs.54,600^~

Get Rs. 1 Crore Life Cover at Rs. 26/day***

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if you have smoked or used tobacco in any form in the last 2 years, then select "Yes".

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TERM INSURANCE PLANS BUYING GUIDE

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How to choose a nominee for your term insurance plan

May 24, 2019

Table of Content

1. Here are a few benefits of the nomination facility:

2. The following details of the nominee should be submitted to the insurance company:

3. In case no nomination is found on your insurance policy or you have failed to submit the documents, the insurance company will provide the claim amount to Class I legal heir. The following people are the called Class I legal heirs:

Here are a few benefits of the nomination facility:

It serves the benefit of the insurance. It protects the interests of the policy holder and in case of the unfortunate demise, the policy amount can benefit the nominee.
This facility allows you to choose anyone you want to benefit from your insurance amount. This should be a person you can trust and know will use the and benefit from the money sensibly.
You can even choose more than one individual as a Nominee; if the first nomination does not survive the policy term, the following nominee will get the amount.
You can also cancel or change the nominees any number of times during any time of the policy.

The following details of the nominee should be submitted to the insurance company:

Name
Age
Address
Relationship between the policyholder and the nominee

You need to submit the documents pertaining to the above details.

In case no nomination is found on your insurance policy or you have failed to submit the documents, the insurance company will provide the claim amount to Class I legal heir. The following people are the called Class I legal heirs:

Spouse
Son
Parents

You can also choose multiple nominees and determine whether the sum should be distributed equally or in percentage. This must be predetermined by you, and all essential information must be provided to the insurance company.

HDFC Life has few wonderful term insurance policy plans that will help you secure the future of your dependents.

Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

Written By:

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HDFC Life

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HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Disclaimer

*Online Premium for Life Option, Male Life Assured, Non-Smoker, 20 years of age, Policy term of 25 years, Regular pay, Annual frequency, exclusive of taxes and levies as applicable. (Monthly Premium of Rs1047/30=34.9)

***Online Premium for Life Option for HDFC Life Click 2 Protect Super (UIN: 101N145V07), Male Life Assured, Non-Smoker, 20 years of age, Policy term of 25 years, Regular pay, Annual frequency, exclusive of taxes and levies as applicable. (Monthly Premium of 622/30=20.7).

**7% online discount available on 1st year premium only

^ Available under Life & Life Plus plan options

~Tax benefits of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 30% on life insurance premium u/s 80C of ₹ 1,50,000 and health premium (Critical illness rider) u/s 80D of ₹ 25,000. Tax benefits are subject to conditions under section 80C, 80D, 10(10D) as per Income Tax Act, 1961. Please consult your tax advisor 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

@As per integrated annual report FY23-24, available on www.hdfclife.com. As of May 2024

15. HDFC Life Click 2 Protect Ultimate(UIN: 101N179V01) A Non-Linked, Non-Participating, Individual, Pure Risk Premium/Savings Life Insurance Plan. The policy must be in force on the date of death, with all premiums fully paid, except for the exclusion clauses mentioned in Part F of the policy document.