Term Insurance
Term insurance is the purest form of life insurance. It provides financial protection for a specific period in exchange for a fixed premium. ...Read More
1 Crore Term Insurance@ Rs.19/day***
No Time for Regret!
Secure Your Family's Future with Term Insurance.
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Return of Premium (ROP) Option^
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17% Online Discount**
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100% Claims guaranteed15
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₹5 lakh instant payout on claim intimation#
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0% GST on Premiums#^#
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Premium Break Benefit29 for up to 12 months
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Special Rates for Salaried & women28
Please wait while we create a customised quote with applicable discounts for you
:1800-266-9777
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.
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What is Term Insurance?
Term Insurance is one of the most basic forms of life insurance that only offers financial cover for a specific number of years. A term insurance plan provides a financial benefit to your nominee in case of your death during the term of the policy.
A term insurance policy is a pure life insurance product that offers financial benefits only in case of the policyholder's death during the term, in return for the premiums paid. It does not return any financial value in case you survive the term of the policy. If you wish to get your premiums back after the term of the policy you can opt for term insurance with return of premium.
You can buy term insurance by paying regular premiums, in exchange for a financial benefit that goes to your nominee in case of your untimely death.
For example, a healthy 25-year-old non-smoker male would have to pay Rs. 780 per month over 30 years for 1 crore term insurance.
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How does Term Insurance Work?
Let’s understand how a term life insurance works with the help of a real-life example:
Ajay is a 25 years old male who doesn't smoke and decides to purchase a Rs.1 Crore term insurance10 from HDFC Life for 35 years at a monthly premium9 of Rs.14128.
Here is a step-by-step flow on how it works:
1
Policy Purchase
Ajay completes his health assessment, under goes medical tests and starts paying premiums.
2
During Policy Term
He continues to pay premiums to maintain the life coverage.
3
Death during the policy term
If Ajay passes away during the tenure of the policy then his beneficiary/nominee which is his wife receives the tax-free7 death benefit amount of Rs. 1 Crore.
4
Outlives the policy term
The coverage of the term plan ends on Ajay's 60th birthday. If Ajay had opted for the term plan return of premium option then he would get back all his premiums.
Why Should I Buy Term Insurance in 2026?
There are several term insurance benefits that cater to your specific financial protection needs. Here are a few of its benefits:
01
To Financially Protect Your Family
If you earn and have financial dependents such as spouse, parents, and children, it’s important that you protect their financial future. The sole purpose a term insurance plan is to provide the death benefit amount to your dependent in case of your death. The death benefit amount ensures that they can fulfill their financial needs without any struggle.
02
To Protect Your Assets
If you have loans for things like a home or car, term insurance can protect your family from these debts after you pass away. This financial support ensures they can keep the assets you worked hard for, without the stress of outstanding payments.
03
To Cope with New Lifestyle Risks
When a family loses their main earner, it can be very challenging to manage finance. Term insurance provides essential financial support to help your family during this tough time. It ensures your loved ones can maintain their standard of living and manage daily expenses without the burden of financial stress. This support is crucial for helping them adjust and move forward without you.
04
Adequate death benefit at affordable premiums
Term insurance policy is the purest form of life insurance that primarily provides financial protection only in case of death. Since term plan is the simplest type of life insurance you can avail adequate death benefit at very affordable premiums. You can buy the best term insurance plan for 1 crore at just Rs.19/day***.
05
To Be Prepared for an Uncertainty
Life is unpredictable and full of uncertainties. In India road accidents killed 474 daily on average in 2023 (source: The Times of India16) and 8,89,742 cancer deaths were registered in 2022 (source: Global Cancer Observatory 2022 Data17). Although we cannot prevent unexpected tragic events we can reduce the adverse financial impact that it has. The primary objective of a term life insurance is to provide financial protection against untimely death. The death benefit provided to a policyholder’s beneficiary helps prevent any financial struggle due to the policyholder’s absence.
06
Uncertainty arising due to lifestyle diseases
Lifestyle diseases have been one of the leading causes of deaths in India. Deaths due to heart attacks have increased by 12.5% in 2022 when compared to 2021 (source: National Crime Records Bureau). While it is important to live a healthy lifestyle, it is also wise to protect your family’s financial future. This is especially true if you face a serious illness.
07
Additional protection with Riders
Term life insurance offers the option to add riders to enhance the financial coverage.
The cover amount of the rider is a top-up to the base cover amount of the term plan. You can choose riders for financial protection against critical illnesses, death due to accident or opt for term plan with return of premium to get your premiums back on survival.
08
Tax exemptions
Premiums paid for a term insurance are eligible of tax exemptions7 of up to Rs. 1, 50,000 under section 80C of the income tax act, 1961. The payout of a term insurance is also exempted from tax under section 10(10D) of the income tax act, 19617.
What are the benefits of buying a term insurance plan?
Here are some of the top benefits of term insurance:
High Life Coverage at Affordable Premiums
Tax Benefits
Financial Protection for Your Family
Long-Term Peace of Mind
- You can generally get a coverage of up to 85 years
- Financial protection against life’s uncertainties
Additional Coverage with riders
- You can get additional cover against 60 critical illness with our critical illness rider along with the base term plan
- You can get additional coverage against death by accident with our accidental death benefit rider along with the base term insurance policy
Return of Premium Benefit
Zero GST on term insurance
With term insurance plan get a life coverage of Rs. 1 Crore for just Rs.21 per day. For example, a 30 year old non-smoker can secure his family’s financial future for less than his spending on the cost of his daily coffee.
- Premium payments are eligible for tax deduction under Section80C of the Income Tax Act, 19617 up to Rs 1.5 lakhs
- Death benefit amount is completely tax-free under Section 10(10D) of the Income Tax Act, 19617
For example, at 30% tax bracket, you can save up to Rs.46,800 annually for the premiums paid under the old regime of the Income Tax Act, 19617
- The death benefit amount acts as a replacement for the income of the primary earner in the family helping to maintain the family’s lifestyle
- The death benefit amount helps cover outstanding loans and major expenses such as children’s education cost
For example, a death benefit amount of Rs.1 Crore would help pay off your home loan (if any) and fund children’s higher education in case of your untimely death
- If you opt for the term insurance return of premium option along with your base term life insurance you will get all your premiums on survival back at the end of the policy term
GST on term insurance premiums has been reduced from 18% to 0%. This makes individual term plans affordable.
Best Term Insurance Plans in India 2025 by HDFC Life
Here are the best term insurance plans offered by HDFC Life:
Term Insurance Plans |
Customer profile |
Sum assured |
Premium amount9 |
HDFC Life Click 2 Protect Supreme Plus (Life option) (UIN:101N189V01) |
For all between 18-65 years |
1 Crore |
Rs.70619 |
HDFC Life Click 2 Protect Elite Plus (UIN:101N182V01) |
Salaried segment |
2 Crore |
Rs.115311 |
HDFC Life Click 2 Protect Life (UIN – 101N139V08) |
Salaried segment |
1 Crore |
Rs.119121 |
HDFC Life Click 2 Protect Ultimate (UIN: 101N179V01) |
Annual income >Rs.10 Lakhs |
2 Crore |
Rs.140015 |
HDFC Life Sanchay Legacy (Life option)12 (UIN:101N177V04) |
Mature HNI segment |
1.2 Crore |
Rs.1,00,00018 |
Why Sum Assured is an Important Factor When it Comes to Term Insurance?
Choosing the right sum assured in your term insurance plans is essential for your family's financial security. This sum provides crucial protection in case of unexpected events, giving you peace of mind. A higher sum ensures your loved ones are well-supported, covering debts, education costs, and income replacement. Selecting the right amount is key to ensuring their future is secure. To explore the best term life insurance options and find the ideal sum assured for your needs, click the tabs below.
Types of Term Insurance Plan in India 2025
There are several types of term insurance plan available to cater to particular needs for financial protection:
1
1
Level Premium Term Insurance Plan
In this term insurance plan the basic sum assured or life cover remains same for the entire tenure of the policy against a fixed monthly or annual premium.
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2
2
Year Renewable Term Insurance
This term life insurance needs to be renewed every year and the premium increase every year since your age increase too.
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3
3
Decreasing Death Benefit Term Insurance Plan
The death benefit of this term insurance plan decreases as per a fixed schedule. This term insurance is opt along with a home loan. As the principal amount of the loan decrease with time the life cover of the term life insurance also decreases.
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4
4
Increasing Death Benefit Term Insurance Plan
The death benefit in this term life insurance increases every year for the entire tenure of the policy on account of increasing inflation.
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5
5
Convertible Term Insurance Plan
This type of term insurance plan gives you the option to convert your term life insurance into a permanent insurance during the conversion period. The duration of the conversion period depends of the length of your term insurance plan.
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6
6
Joint Life Term Insurance
As the name suggests, joint life-term insurance covers you and your spouse under a single plan. You, as the primary life assured, and your spouse, as the secondary life assured, both can experience a shared or separate coverage amount.
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7
7
Term insurance with return of premium (TROP)
If the policy holder survives the term of the policy then the premiums are returned and the policy is terminated.
...Read More
Our top riders14 with Term Insurance plan
They help you deal with those additional risks life brings.
HDFC Life Income Benefit on Accidental Disability Rider – Non Linked
UIN: 101B041V01
Get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an accident.
HDFC Life Critical Illness Plus Rider
UIN: 101B014V02
We pay a lump sum amount equal to Rider Sum Assured upfront if diagnosed with of any of the specified critical illnesses.
HDFC Life Protect Plus Rider – Non Linked
UIN: 101B040V01
Get protected with a proportion of Rider Sum Assured in case of accidental death or partial/total disability due to accident or diagnosed with Cancer
HDFC Life Health Plus Rider – Non Linked
UIN: 101B031V02
Get lump sum benefit equivalent to Rider Sum Assured on diagnosis of any of the covered 60 Critical Illnesses or benefit as a proportionate of the Rider Sum Assured on diagnosis of Early Stage Cancer / Major Cancer depending on the plan option chosen.
Why choose HDFC Life Term life insurance plan?
01
Multiple Customisations
Pick from three plan options and riders to customize your cover and receive policy benefits based on your needs.
02
Accelerated Payout Option
If the policyholder gets diagnosed with a covered terminal illness, they receive the sum assured payout earlier. They can use the money to pay for medical treatments.
03
Increasing Death Benefit
Choose to increase your sum assured amount, up to 200% of the plan value, under the policy’s Life variant.
04
Critical Illness Benefit
Enhance your cover with the Critical Illness Plus Rider and receive the sum assured payout upfront after covered critical illness diagnosis.
05
Accidental Death and Disability Benefits
Receive an additional financial safety net with the HDFC Life Protect Plus rider2 after an accident leaves the insured permanently disabled or becomes fatal.
06
Maturity Benefits
Receive a maturity benefit equivalent to all premiums paid over the policy tenure when you choose the return of premium plan option and survive the policy term.
07
Cover for Your Spouse
The policy allows you to get additional coverage for your spouse, ensuring that your children remain financially secure, regardless of what happens.
08
Smart Cancellation Benefits
If you cancel your policy, you can use the Smart Exit option to receive an amount equivalent to all base premiums paid at the time of cancellation.
09
Waiver of Premium Benefits
Future premiums of term insurance plans get waived after the diagnosis of a covered critical illness or after total and permanent disability.
10
High Claim Settlement Ratio
Claim settlement ratio is an important factor to decide on which term insurance plan you should go for. HDFC Life Insurance claim settlement ratio for FY25-26 was 99.68%##.
11
Premium break benefit
Policyholders can avail premium break benefit13 under the term insurance policy for a period extending up to 12 months. During this premium break benefit period, the premium due and payable will be deferred but the risk cover of the term plan will continue as per the terms & conditions of the policy.
12
Immediate claim payout
In case of death of the life assured after completion of the waiting of 1 year, upon receipt of intimation of death claim an accelerated death benefit will be paid within 1 working day from the claim registration date. If the sum assured is between ₹1 crore and ₹2 crore, the immediate payout# will be ₹2 lakh. For a sum assured above ₹2 crore, the payout will be ₹5 lakh.
13
Special discounts
Salaried individuals can avail a discount28 of 10% on the first-year premium and women can avail a discount of 15% throughout the entire policy term of the term life insurance.
Useful tip: Keep PDF scans or clear mobile photos of the documents to be uploaded ready when buying online.
Customer Reviews for our Term Insurance
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![Amrita]()
I was surprised to see how detailed and informative the information was served to me. It just made my online buying experience worth the time.
Amrita![location]()
Delhi
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![Vijayraj]()
Thank you HDFC Life team, you have lived upto your expectation. Your simple claim settlement process just made my life easier.
Vijayraj![location]()
Kolkata
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![Mohit]()
It was a seamless online policy purchase process for me, thanks to HDFC Life.
Mohit![location]()
Mumbai
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![Vibhali]()
Thank you team for your support throughout the claim process and I really appreciate the efforts of everyone involved
Vibhali![location]()
Ahmadabad
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![Trisha]()
I was really delighted with the online buying experience. Upto date information and online guidance really helped me. Tx
Trisha![location]()
Delhi
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![Bhagyashree]()
My experience with HDFC Life has been really good. I specifically remember the process of online onboarding it was really smooth and hasslefree
Bhagyashree![location]()
Mumbai
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![Sanjna]()
Appreciate you keeping me upto date with your weekly newsletters. Tx
Sanjna![location]()
Bangalore
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![Prerana]()
The online buying process was simple and quick. Good guidance by the HDFC Life team.
Prerana![location]()
Jaipur
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![Anchal]()
The online payment process was smooth and I was able to complete my premium payment easily!
Anchal![location]()
Pune
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![Shreya]()
HDFC Life representatives explained the product well and helped me buying completing the process online reall quick. Thank you!
Shreya![location]()
Lucknow
Need Help to Buy a Right Plan?
Our expert will assist you in buying a right plan for you online.
Reach us between 9 AM - 9 PM IST.
For existing policy related assistance, click here.
A certified expert of HDFC Life will help you.
99.68% Claim Settlement Ratio
For FY 2024-2025
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Reach us between 9 AM - 9 PM IST.
Disclaimer: By submitting your contact details, you agree to HDFC Life's Privacy Policy and authorize ...Read More
99.68% Claim Settlement Ratio
For FY 2024-2025
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Share your Valuable Feedback
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HDFC Life
Reviewed by Life Insurance Experts
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.
***Online Premium for Life Option for HDFC Life Click 2 Protect Supreme Plus(UIN:101N189V01), Male Life Assured, Non-Smoker, salaried, 20 years of age, Policy term of 25 years, Regular pay, Monthly frequency, inclusive of 15% online discount (applicable only for 1st year premium) & exclusive of taxes and levies as applicable. (Monthly Premium of 573/30=19).
**If a customer is a Salaried individual and has opted for a cover of INR 2 Cr with Limited pay, then the total discounts applicable shall be: 10% +7% = 17% discount on the first year premiums.
*Online Premium for Life Option, Male Life Assured, Non-Smoker, 20 years of age, Policy term of 40 years, Regular pay, Monthly frequency, exclusive of taxes and levies as applicable.
^^15% online discount available on 1st year premium only
~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
^ Available under Life & Life Plus plan options
#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
##Individual claim settlement ratio by number of policies as per audited annual statistics for FY 24-25
@As per integrated annual report FY23-24, available on www.hdfclife.com. As of May 2024
2. For all details on Rider, kindly refer to the Rider Brochure available on our website.
7. Tax benefits & exemptions are subject to conditions of the Income Tax Act, 1961 and its provisions. Tax Laws are subject to change from time to time. Customer is requested to seek tax advice from his Chartered Accountant or personal tax advisor with respect to his personal tax liabilities under the Income-tax law.
8. The premium price is subject to change based on variations in customer profile, policy term, premium payment term, and selected death benefits.
9. The premium amount is exclusive of taxes & levies.
10. HDFC Life Click 2 Protect Supreme Plus (UIN: 101N189V01) is a Non-Linked, Non-Participating, Individual, Pure Risk Premium/ Savings Life Insurance Plan. Life Insurance Coverage is available in this product
11. The above premium rates are for a non-smoker healthy male, age is 25, Policy Term 20 year & Premium Paying Term is 15 year. inclusive of 5% online discount (applicable only for 1st year premium) and exclusive of taxes & levies as applicable HDFC Life Click 2 Protect Elite Plus (UIN:101N182V01) is a Non-Linked, Non-Participating, Individual, Pure Risk Premium/ Savings Life Insurance Plan. Life Insurance Coverage is available in this product.
12. HDFC Life Sanchay Legacy (UIN:101N177V04) is a Non-Linked, Non-Participating, Individual, Pure Risk Premium/ Savings Life Insurance Plan. Life Insurance Coverage is available in this product.
14. Subject to payment of additional premium.
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.
16. Accidents killed 474 daily on average in 2023 https://timesofindia.indiatimes.com/india/accidents-killed-474-daily-on-average-in-2023/articleshow/114384171.cms, Oct 20, 2024, 03:38 IST
17. India's cancer mortality ratio highest among top 10 cancer-affected nations
18. The above premium rates are for a non-smoker healthy male, age is 40, Policy Term 15 year & Premium Paying Term is 15 year. inclusive of 5% online discount (applicable only for 1st year premium) and exclusive of taxes & levies as applicable. HDFC Life Sanchay Legacy (UIN:101N177V04) is a Non-Linked, Non-Participating, Individual, Pure Risk Premium/ Savings Life Insurance Plan.Life Insurance Coverage is available in this product.
19. The above premium rates are for a non-smoker healthy male, age is 25, Policy Term 20 year & Premium Paying Term is 20 year. inclusive of 5% online discount (applicable only for 1st year premium) and exclusive of taxes & levies as applicable. HDFC Life Click 2 Protect Supreme Plus (UIN: 101N189V01) is a Non-Linked, Non-Participating, Individual, Pure Risk Premium/ Savings Life Insurance Plan. Life Insurance Coverage is available in this product.
21. The above premium rates are for a non-smoker healthy male, age is 25, Policy Term 20 year & Premium Paying Term is 20 year. inclusive of 5% online discount (applicable only for 1st year premium) and exclusive of taxes & levies as applicable. HDFC Life Click 2 Protect Life (UIN – 101N139V08) A Non Linked, Non Participating, Individual, Pure Risk Premium/Savings Life Insurance Plan Life Insurance Coverage is available in this product.
https://www.business-standard.com/india-news/india-s-cancer-mortality-ratio-the-highest-among-top-10-cancer-countries-125022800514_1.html, Oct 28 Feb, 2025, 03:38 IST
***Online Premium for Life Option for HDFC Life Click 2 Protect Supreme Plus (UIN:101N189V01), Male Life Assured, Non-Smoker, salaried, 20 years of age, Policy term of 25 years, Regular pay, Monthly frequency, inclusive of 15% online discount (applicable only for 1st year premium) & exclusive of taxes and levies as applicable. (Monthly Premium of 573/30=19).
#^#Individual Life Insurance Policies issued on or subsequent to 22nd, September 2025, shall be exempt from GST under the provisions of the Goods and Services Tax, 2017.
28. HDFC Life Click 2 Protect Supreme Plus (UIN:101N189V01) is a Non-Linked, Non-Participating, Individual, Pure Risk Premium/ Savings Life Insurance Plan. Life Insurance Coverage is available in this product: 10% discount on first year premium would be applicable for only Salaried customers, under Regular Pay & Limited Pay. A 15% discount on the base premium rates will be applicable for female lives.
29. Applicable under HDFC Life Click 2 Protect Supreme Plus if the policy has completed at least five (5) policy years from the risk commencement date and all the due premiums have been received in full and the policy is in force. If the premium break benefit has been exercised in the last 5 policy years, then the next premium break benefit shall not be allowed. The premium break benefit shall not be available during the last policy year of the premium payment term
Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Tel No: (022)67516666.
The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.
HDFC Life Click 2 Protect Supreme Plus (UIN: 101N189V01) is a non linked, non participating, individual, pure risk premium/savings life insurance plan. Life Insurance Coverage is available in this product.
For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
ARN- DM/06/25/25055
