• Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

Term Insurance

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.

Life cover of 1 Crore @ Rs.25/day**

If you haven’t got one, get it right now.

Term Insurance Plans Buying Guide
Email 1800-266-9777 (All Days, from 9am to 9pm, Toll Free)
Term Insurance plans

What is Term Insurance?

  • Term Insurance is a life insurance policy that offers coverage for a fixed number of years - the “term” of the policy. If the insured individual dies when the policy is active, a death benefit is paid to the nominees of the insured individual.

    A basic variant of term insurance has no cash value which means, if the insured person survives the term of the policy, the policy does not return any value, with the exceptions of plans like Return on Premium etc.
    You can purchase a term insurance policy which can provide a certain corpus to your dependents in event of your demise, they would be able to sustain the same lifestyle or pay off existing liabilities without compromising on their dreams thanks to the sum assured which they would receive from life insurance.

  • Term Insurance is a life insurance policy that offers coverage for a fixed number of years - the “term” of the policy. If the insured individual dies when the policy is active, a death benefit is paid to the nominees of the insured individual.

    A basic variant of term insurance has no cash value which means, if the insured person survives the term of the policy, the policy does not return any value, with the exceptions of plans like Return on Premium etc.
    You can purchase a term insurance policy which can provide a certain corpus to your dependents in event of your demise, they would be able to sustain the same lifestyle or pay off existing liabilities without compromising on their dreams thanks to the sum assured which they would receive from life insurance.

Term Insurance Plans

The most cost-effective way to secure your family’s financial future.
HDFC Life Term Insurance Products

HDFC Life Click 2 Protect Super

A plan that provides you varying cover along with comprehensive protection as per your evolving needs.

UIN: 101N145V01

  • Get back all premiums paid on survival till maturity with Return of Premium option

  • Additional amount payable in case of accidental death during policy term

  • Provides Acceleration of Death benefit  on diagnosis of specified terminal illnesses, till age 80 years.

  • Option to choose increasing Death Benefit up to 200% under Life option

  • Option to vary your Death Benefit according to your need under Life Goal option

  • Waiver of Premium on diagnosis of Critical Illness (through WOP CI option) and Total and Permanent Disability (through WOP Disability option)

  • Option to choose Additional Cover for Spouse

How much life insurance do you need?

How much life insurance do you need?

Use our quick and simple calculator to know what’s ideal for you.


Personal Details


Financial details

Your Required life cover to protect your family’s future is


Recommended plans for you

The values shown here are only for illustration. The results are generated based on the information provided. It is not intended to be and must not alone be taken as the basis for an investment decision.
HDFC Life Term Insurance Products

QuickProtect by HDFC Life

A comprehensive protection solution which comprises of HDFC Life Click 2 Protect Life (101N139V04) with ADB optional benefit, HDFC Life Critical Illness Plus Rider (101B014V02) and HDFC Life Income Benefit on Accidental Disability Rider (101B013V03)

  • Comprehensive protection with 4 coverage benefits bundled into one solution

  • Quick and hassle-free issuance

  • Option to choose from three different package sum assured

  • No medicals , subject to underwriting

  • Tax benefits as per prevailing tax laws4

Secure Your Family's Financial Future TODAY

Term plans provide financial protection when your loved ones need it most. Calculate your premiums and get a policy today!

HDFC Life Logo
Why You Should Buy Term Insurance?

Why You Should Buy Term Insurance?

Term insurance is a simple product and is easy to understand. Here are reasons to buy term insurance:

  • Low premium and attractively large cover

    The coverage offered by a term insurance policy can be substantial and the premium for such a cover would be quite affordable. Thus such a product should be at the foundation of one’s financial portfolio as it offers excellent protection

  • Financial dependents are protected

    The primary purpose of a term plan is to protect the financial dependents of the policy holder in the case of the latter’s unfortunate demise. The death benefit offered by a term life insurance policy can be substantial and enable financial dependents to manage livelihood related expenses as well as achieve their financial goals. Therefore a term insurance policy would offer tremendous peace of mind to the policyholder as the well-being of the financial dependents would be taken care off even in the former’s absence.

  • Insure your assets

    In the absence of the primary income earner, financial dependents might be forced to sell assets to arrange for funds to manage daily expenses. For example: financial dependents may either have to sell the house or investment portfolio to arrange for funds. This could have a negative impact on their long term well being. Instead, the death benefit offered by a term insurance plan can provide substantial funds to manage daily expenses or for any other purpose. Thus assets that can provide tremendous value over the long term need not be liquidated.

  • Riders

    A term insurance policy can be equipped with multiple riders. These riders are quite useful and can augment a term insurance policy by offering enhanced protection. Some of these riders include accelerated death benefit rider, accidental death benefit, critical illness rider, waiver of premium rider etc. Including these riders may bump your premium slightly but the value that you would get out of them could be tremendous.

View More
Why Buy Term Insurance Online Why Buy Term Insurance Online
Benefits of Buying Term Plan

Benefits of Buying Term Plan

Here are some benefits of purchasing a term insurance policy

  • High protection at low premiums

    Life insurance policies are accessible to the masses since they provide a large cover at relatively low premiums. The earlier in life you purchase term insurance, the lower the premium.

  • Add ons

    Due to unfortunate circumstance, the policyholder may be incapacitated due to an accident or the diagnosis of a critical illness. This would impact the income earning capability of the policyholder. In such cases, the policyholder’s family may find it difficult to manage expenses. To protect oneself against such scenarios, one can consider augmenting the term insurance plan with multiple add-ons or riders. Examples of some of these add-ons include critical illness coverage, accidental disability rider etc. A critical illness cover would provide a lump sum amount which is equivalent to the death benefit if the policyholder is diagnosed with any of the covered critical illnesses. The accidental disability rider will ensure that the policyholder gets paid a regular monthly income which would be a certain percentage of the sum assured for a specified period.

  • Financial security

    The death of the breadwinner of the family is not only distressing, but it also brings about financial liabilities. Life insurance ensures that daily expenses do not suffer as a result of the insurer’s death. The pay-out resulting from the insurance policy can be received in the form of a lump sum or in the form of instalments to enable the family to cope with their living expenses.

How Does a Term Plan Work?

Term plans work like limited life insurance policies. They provide life cover for a specific time. To enjoy the life cover, you must pay premiums at regular intervals. If anything happens to you, the policyholder, during the policy tenure, your nominee receives the promised sum assured as the policy payout. To enhance your family’s financial protection, you can choose to purchase riders or add-ons.


Who Should Buy Term Insurance?

Let’s take a look at who should buy term insurance:

  • Parents

    Parents always worry about their children’s future. A term plan provides parents with peace of mind. They can rest assured that their child will be taken care of financially even if something were to happen to them. By providing a financial safety net, they never have to worry about their child giving up on their dreams.

  • Young Workers

    Young professionals who have few financial liabilities, such as a vehicle loan or a personal loan EMI, can opt for a term plan. They ensure that their parents and loved ones have the financial means required to pay off their debts if anything happens to them. Additionally, they benefit from lower premiums, which can help them in the future.

  • Newly-weds

    Couples who recently married can benefit from a term plan. The policy will provide financial support for their spouse when they need it the most. A term plan is a critical part of every good financial plan for young couples who want to enjoy financial independence.

  • Working Women

    Young women today are occupying board rooms and managing their finances as well. Many assume the role of the sole breadwinner and support their loved ones financially. With a term plan, these women can secure the financial future of their parents, spouse and children. The payout from such a policy could help take care of any outstanding debts or even help their loved ones meet future financial goals.

  • Taxpayers

    Term insurance policies offer certain benefits that allow taxpayers to reduce their tax liability. Premium paid under term insurance policies are eligible for deductions under Section 80C of the Income Tax Act, 19616

  • Retirees

    People work their whole lives to enjoy a secure retired life. Having a term insurance plan in your golden years provides financial security to your spouse. If something were to happen to you, the payout from the policy will allow them to maintain their standard of living, even without a steady income.


Why Do I Need Term Insurance?

Despite the many features and benefits of term insurance plans, some people are still not sure how these policies impact them. Here’s a look at three crucial reasons why you need term insurance:

  • To Protect Your Family

    Your family depends on you emotionally and financially. You may want to help your parents secure a better retirement or pay for your child’s higher education. The payout from a term plan can help your family achieve their goals even if something were to happen to you.

  • To Protect Your Assets

    Many young people today require loans to help them purchase a vehicle or a home. If something were to happen to you while you are repaying a loan, your family may have to deal with your loss, the loss of your income and a new financial burden. If they are unable to repay the loan, they risk losing the asset. The payout from a term plan can help your family deal with debt and protect your assets.

  • To Cope with New Lifestyle Risks

    Every day we hear about the rise in lifestyle diseases and the incidence of critical issues such as heart problems and cancer. Your term plan can offer some financial support as you deal with such a diagnosis and come to terms with recovery and recuperation.


Features of Term Insurance

Let’s look at what a term insurance policy offers you:
  • Low Entry Age

    Term plans have a low entry age of just 18. So, you can purchase a policy for yourself or your loved ones on reaching adulthood.

  • Long-Term Protection

    Term policies offer whole life coverage, allowing you to provide your family with financial protection for several decades!

  • Easy to Buy

    In today’s digital India, you can purchase a term policy online in just a few minutes. You can compare various policy benefits and customise a plan with add-ons based on your unique needs. Once you know which policy you want, you can submit a few document scans and pay the premium.

  • Flexible Premium Payment Options

    When you purchase a term policy, you can choose how to pay the premiums. You can opt to pay an annual premium, half-yearly premiums, quarterly premiums or even make monthly payments.

  • Adjustable Cover

    With a term insurance plan, you can opt to increase or decrease your sum assured depending on your evolving financial needs.

  • Liability Protection

    The payout from a term insurance policy allows your loved ones to better deal with debt liabilities. By purchasing a term plan, you can help your family members pay off existing debts and loans.


Documents & Eligibility Criteria for Term Insurance Plans

The documents required to apply for a term plan include:

1 Acceptable Identity Proofs and Residence Proofs

Sr. No


Identity Proofs

Address Proofs






Voter’s Identity Card issued by Election Commission of India




Permanent Driving License




Aadhaar Card




Central KYC Identifier (can be accepted, if the downloaded documents are from the list of Officially Valid Documents (OVD) reflecting across Sr. No. 1 to 4 and there is no change in the address basis the document downloaded from Centralized KYC Registry (CKYCR) database as mentioned on the proposal form)



2 KYC for legal entities

List of Official Valid Documents for KYC purpose:



Insurance Contracts with companies

  • Certificate of incorporation and Memorandum & Articles of Association
  • PAN of Company / Master Policyholder & Beneficial Owner (BO) irrespective of the premium amount
  • Resolution of the Board of Directors
  • Power of Attorney granted to its managers, officers or employees to transact business on its behalf
  • One copy of an officially valid document containing details of identity and address, one recent photograph and PAN / Form 60 in respect of managers, officers or employees holding an attorney to transact on its behalf
  • Beneficial Owner (BO) Declaration Form
  • KYC documents (Photograph, Proof of Identity & address) of  Beneficial Owner (if it is an individual) as per the Officially Valid Document list 

Insurance Contracts with partnership firms

  • Registration certificate
  • PAN of Partnership firm/ Master Policyholder & Beneficial Owner (BO) irrespective of the premium amount
  •  Partnership deed
  • Consent from partners regarding premium being paid from Firm account
  • One copy of an officially valid document containing details of identity and address, one recent photograph and PAN / Form 60 in respect of managers, officers or employees holding an attorney to transact on its behalf
  • Beneficial Owner (BO) Declaration Form
  • KYC documents (Photograph, Proof of Identity & address) of  Beneficial Owner (if it is an individual) as per the Officially Valid Document list

Insurance Contracts with trusts & foundations

  • Certificate of registration
  • PAN of Trust/ Master policyholder & Beneficial Owner (BO) irrespective of the premium amount
  • Trust Deed
  • Consent from trustees regarding premium being paid from Trust account
  • One copy of an officially valid document containing details of identity and address, one recent photograph and PAN / Form 60 in respect of managers, officers or employees holding an attorney to transact on its behalf
  • Beneficial Owner (BO) Declaration Form
  • KYC documents (Photograph, Proof of Identity & address) of  Beneficial Owner (if it is an individual) as per the Officially Valid Document list

Insurance Contracts with Hindu Undivided Family (HUF)

  • Registration Certificate of  HUF (if registered)
  • KYC documents of Karta (Photograph , Proof of Identity & Address) as per Officially Valid Document list 
  •  PAN of HUF and Karta needs to be collected irrespective of the premium amount

Any other 'Officially valid document' that shall be notified by the Central Government, in consultation with the Regulator from time to time.

3 Acceptable Income Proof

Sr. No

Source of Fund / Proof of Income Document

Resident Indian



Self Employed / Business



Special Jurisdictions


Self Employed / Business


Salary slip / certificate – issued in last 3 months









ITR / Form 16 / assessment orders / Computation of Income issued in last 3 years









Bank statement which establishes the Source of Fund / Bank statement (preceding 6 months) – addition of non-cash credits







(Indian Bank Statement)


(Indian Bank Statement)


Audited Company accounts issued in last 3 years









Audited firm accounts issued in last 3 years and Partnership Deed









Chartered Accountant’s Certificate issued in last 3 years









Fixed deposits liquidation entries in bank statement/ mutual fund redemption entries in bank statement (to the tune of total premium paid by customer in a Financial Year)









Rent receipt (issued in last 3 months) with valid agreement









Mandi receipt / Form J issued in last 1 year / agriculture records









Indian / Foreign Bank statement having non cash credits (preceding 6 months)

Also the translation of the Bank statement is required, if not in English








How to Choose a Term Plan?

How to Choose a Term Insurance Plan?

If you’d like to purchase a term plan, you need to follow these steps:

  • Step 1 – Think About the Sum Assured

    Consider how much you need to secure your family’s finances. Ideally, get a sum assured that is at least ten times your annual income. If you have any financial liabilities, such as EMI payments, you need to account for those as well. Ensure that the sum assured will allow your family to move forward without worrying about debts or changing their lifestyle significantly.

  • Step 2 – Consider Additional Benefits

    When you opt for a term plan, you can choose to purchase additional riders for enhanced protection. Opting for a critical illness or disability rider could help you and your family navigate through a difficult time in your lives. You can also choose how you would like your family to receive the payout – whether as a lump sum or monthly instalments. Finally, evaluate whether your policy offers a maturity or other benefits in case you outlive the policy term.

  • Step 3 –Pay the Premium

    Once you pick a term plan and customise your policy, you simply need to finalise the deal. You can purchase term insurance online quickly and conveniently. Simply enter the necessary details and make a secure payment to purchase the plan.

Types of Term Plan

Term plans with many flexibilities and additional benefits are available aplenty. The most popular propositions/plans available in the market are described below. You can choose one based on your insurance needs.

3 Steps process to buy Term Insurance 3 Steps process to buy Term Insurance

Term Insurance Plan Variants

Get the ideal term insurance policy for your needs by choosing between our three plans variants:

  • Life

    Secure your family’s financial future with the life variant that provides the death benefit if something happens to the policyholder during the policy term. If case of a terminal illness diagnosis, the death benefit payment can get accelerated.

  • Life Plus

    Protect your family’s future with this plan variant with the death benefit. Get an accelerated timeline in case of a terminal illness diagnosis and a higher sum assured in case of a fatal accident.

  • Life Goal

    Under this plan variant, the sum assured is variable and changes over time. The sum assured changes as per the level cover period and amortisation rate selected.


How Much Term Insurance Cover Do You Need?

Understanding the ideal sum assured amount can seem difficult. Most experts advise term insurance policyholders to opt for a sum assured that is at least 10 times their annual income. If you have the means to, you should pick anywhere between 15 to 20 times your annual income to account for inflation. Over and above this amount, you need to consider your financial liabilities – outstanding loan amounts and other EMIs. Assume you earn INR 12 lakhs every year and have INR 45 lakhs left on your home loan payments. You should opt for a minimum sum assured of (12,00,000 x 10) + 45,00,000 = INR 1,20,00,000 + 45,00,000 = INR 1,65,00,000.

When Should I Buy a Term Insurance Plan?

The ideal time to buy a term plan is right away. Young individuals who enjoy good health can get higher sum assured amounts at lower premiums since they pose very little risk. As you get older, you may face health issues that could increase your premium or reduce the maximum sum assured you can get.


What Are the Payout Options in Term Life Insurance?

You can opt for one of the following payout options for your term insurance policy:

    1. One-Time Lump-Sum Payout

If you opt for this, your nominee will receive the entire sum due to them in a single payment. For example, if your sum assured is INR 2 crore, your nominee will receive the entire amount once their claim is accepted.

    2. One-Time Lump-Sum Payment with Fixed Monthly Payouts

    You may not want your nominee to receive the entire amount at once. You can opt for this option that provides a portion of the sum assured as a lump-sum payout immediately. The rest of the money is provided in monthly instalments over a few years. You can decide how long you want the monthly payments to continue when you purchase the policy. The sum assured amounts get divided equally depending on what you choose

    3. One-Time Lump-Sum Payment with Increasing Monthly Payouts

    You can choose for your nominee to receive a lump-sum payout of the sum assured along with increasing monthly instalments for a specified period. The monthly sums increase every year for a specified term as decided by the policyholder when purchasing the plan. 

Why Buying Term Insurance is a Must During COVID-19 Pandemic?

  • Terms plans are the most basic life insurance product available in the market. They provide life cover at affordable premiums. They are ideal for individuals who have certain financial obligations and do not wish to leave their family members with any kind of debt if something were to happen to them. During the COVID-19 pandemic, it became more crucial than ever to purchase a term insurance policy.

  • Many individuals succumbed to the disease after long stays in the hospital. This left their families with broken hearts and mounting hospital bills that they might not have been able to afford. The payout from a term insurance policy could help these individuals pay off outstanding medical expenses and other debts.

  • A term plan can provide your loved ones with financial stability during an incredibly difficult time.


What is a Term Insurance Rider?

A term insurance rider is an add-on that provides enhanced benefits over and above life insurance. For example, you can opt for an accidental death rider or a disability rider which offers an additional payout in case the policyholder passes away in an accident or if they become disabled. Most insurers provide a critical illness rider as well. With this add-on, you receive a lump-sum payout on the diagnosis of a covered critical illness. The most popular term insurance rider is the premium waiver rider, which waives off future premiums in case the policyholder receives a critical illness diagnosis or other eventualities outlined by the plan.

How Long Should the Term Insurance Policy Period Be?

When you purchase a term plan, you can opt for tenure as short as five years or get coverage for the rest of your life. Ideally, you should choose a plan that terminates just before you retire. Term insurance payouts help you meet financial liabilities, most of which you would have completed by the time you retire. If you’d like to continue to enjoy life coverage, you can convert the term policy into a full-life plan before the policy tenure ends.


How to select the Best Term Insurance Plan? 

To ensure you make the right choice, you should:

  • Look at the Claim-Settlement Ratio

    An insurance company’s claim settlement ratio tells you how likely they are to settle your nominee’s claim. You can check a company’s claim settlement ratio online. HDFC Life has a Claim Settlement Ratio (CSR) of 98.66%5
  • Understand the Customer Experience

    Ask people you trust about their experience with the insurance company you prefer. You can also check online reviews from customers to understand whether individuals enjoy a pleasant experience with the company or not. Remember, your term plan could continue for the rest of your life, so you need to build a lasting relationship with the company.

  • Check the Solvency Ratio

    The solvency ratio refers to a company’s ability to financially fulfil the insurance obligations. The IRDAI mandates that all insurance companies should have a ratio of at least 1.5. You can check the solvency ratio of companies online
  • Consider the Benefits.

    Not all plans are equal. You should look for policies that offer higher benefits than others. Try and find policies that offer maturity benefits as well as flexible payment and payout options.

  • Choose Riders

    Term plans offer more than just life cover. You can opt for riders that provide coverage for critical illnesses and accidental disability as well. The payouts from these add-ons can go a long way in offering financial stability to you and your loved ones at a difficult time.

  • Find Flexible Payout Options

    When you purchase a term policy, you often have specific financial goals in mind. Most term insurance plans offer lump-sum payouts to nominees. Often, these individuals get overwhelmed by the large sum and do not know how to manage it. You should consider policies that offer monthly payouts instead. Your nominee will be better equipped to deal with smaller amounts every month that can help them with immediate financial needs.
  • Research Online Availability

    Before you make a decision, you must check whether your insurer is available to you online and offline. Most companies today have 24x7 chat features on their website so you can get quick answers to your queries. You should also look for companies that offer online filing of claims for quick processing.

Term Insurance Buying Guide

1 How Else Will a Term Plan Help You?

Don’t we all like it when we have to pay very little for getting a lot in return? Purchasing term insurance is just like that. A term policy offers a large cover (For Example: A cover of Rs 1 crore) for a comparatively low premium (For Example: Rs 6500 per year). One can get a 30-year term insurance policy with annual premium remaining the same for whole period. In today’s era of increasing living expenses, any individual would want to receive maximum risk cover. This is because, in event of the individual’s untimely demise, a higher cover would enable his dependents to not compromise on living standards. And of course, you can also claim tax benefits on the premium you have paid.

2 How to Calculate the Amount of Insurance Cover that You Need?

Most people tend to pick a number out of thin air when deciding on the cover they need.

A simple rule of thumb is that the insurance cover must be ten to twenty times that of the insured individual’s annual income. Which means if a person’s annual income is Rs 10 lakhs, she must purchase an insurance plan that offers a cover of approximately 1.5 crore. Sometimes, one looks at the premium that one is willing to pay and chooses whatever cover can be bought with that premium. This is not the right way to decide on the amount of cover you will need. The correct way to decide on the sum insured is to look at your future expenditure with a rational mind.

This typically includes the following components

  • before

    Family expenditure to maintain the current standard of living

  • before

    Loans and other debt that need to be repaid

  • before

    Future expenditure that the family will 3 have to make for important events like your child’s wedding, education etc.

  • before

    Any investments your family could make in the future

The sum insured should be the value that you arrive at after summing up these factors. Remember that you must make provision for in inflation when estimating future expenses. This is because if it takes Rs. 1 lakh a month today to maintain your lifestyle, it will cost much more 10 years down the line. Alternatively, you can top-up your risk cover by 5-10% every year. This facility is available in many term plans.

3 Add-Ons to Your Term Insurance

Additional benefits/risk covers might be built-in some term plans making them more comprehensive. A comprehensive term plan aims to cover the financial risks associated with death, disease and disability (3D). Some of these risk covers are in-built and some are offered as riders or add-ons by charging an additional premium. Some of the most popular riders or add-on covers are:

4 Benefits of purchasing Term Insurance Online

5 How to buy Term Insurance Plan

Purchasing insurance online is an easy process. One should keep scanned copies of passport size photo, address proof, age proof, identity proof and income proof handy. It is important to be completely aware about the medical history of the person who is going to get insured. If the questions posed by the portal are answered incorrectly, this would have an impact while fIling claims.

  • before

    Go to the website of your chosen insurance provider. Select the plan that meets your requirements

  • before

    Provide the personal details asked for by the portal. These typically include:


    Smoking habitSmoking Habit

    Date of birthDate of Birth

    Policy termPolicy term

    Sum insuredSum insured

    City of residenceCity of residence

  • before

    On the basis of these details, the company would generate a quote for you. That is, it will let you know the annual/ monthly premium to be paid to get the insurance cover

  • before

    If you get stuck on any of the steps, you can call the customer care for assistance. Most portals also have an option to chat with customer care executive without closing the form.

  • before

    If you are happy with the quote, as the next step you will have to provide additional information the company needs for the policy document

    Employment detailsEmployment details

    Nominees name and addressNominee’s name and address

    Your addressYour address

    Health detailsHealth details

  • before

    Make the payment online through any of the available digital banking modes.

  • before

    If you opt to not use e-verification, the insurance provider would give various options to submit the required documents including uploading scanned copy, door pickup, or even sharing a copy via Whatsapp.

  • before

    A copy of the insurance policy will be emailed to your registered email id.

6 Term Insurance Plan Made for You

HDFC Life Click 2 Protect Super10offers multiple plan variants to accommodate your lifestyle. Here’s a look at which variant is right for you:

  •  Life
    A pure life insurance product, the life variant provides financial security to your family in case anything happens to you, the policyholder. Your beneficiary receives a lump sum payout of the sum assured as the death benefit. The payout timeline gets accelerated if you get diagnosed with a terminal illness.
  • Life Plus
    Along with the sum assured, your beneficiary receives an additional payout if you meet with a fatal accident. If you get diagnosed with a terminal illness during the policy tenure, the sum assured payout gets accelerated.
  • Life Goal
    The plan variant uses the level cover period and amortisation rate you choose, when purchasing the plan to evaluate the sum assured payout. It changes over time with each policy year.

Now that you understand what each plan variant offers, you can select the ideal policy to secure your family’s finances.

How to Buy Term Insurance?

Purchasing insurance is a quick and easy process. Let’s see how you can get the cover you need:

  • Estimate Your Sum Assured

    Consider your current financial position. Do you have any financial liabilities or dependents? If something were to happen to you within the next 20 or 30 years, how much would they need to enjoy their standard of living? Understand what kind of sum assured you want and look for plans that offer what you need.

  • Enhance Your Cover

    If you’d like to boost your cover, you can choose to add riders to your sum assured amount. Once you know exactly what you want, you can get online quotes and compare plans.

  • Fill Up the Application Form

    Select the term insurance plan you want to purchase and fill up the online application form. You have to provide details about your age, medical history and lifestyle habits. You have to upload a few documents for verification.


  • Pay the Premium and Rest Easy

    Submit the application and pay the premium amount to enjoy life cover and peace of mind.


How Does a Term Plan Secure Your Family’s Future?

Term policies are the most affordable type of life insurance plan. They offer life coverage in exchange for minimal premium amounts that you can choose to pay monthly, quarterly or annually. Depending on your needs, you can add riders like critical illness or accidental death or disability to your policy. By doing this, you can enhance the financial payout that your family receives in case anything happens to you, the policyholder. In the unfortunate event of the demise of the policyholder, the nominee receives the sum assured, which they can use to clear outstanding debts or take care of day-to-day expenses. As the policyholder, you can decide how you want your family to receive the payout – either as a single lump-sum or with monthly installments that can help them deal with long-term EMIs or even inflation. With a term plan, you ensure that your family doesn’t have to struggle financially if they were to suddenly lose you and everything you contribute to their lives.

Term insurance is incomplete without these riders.

They help you deal with those additional risks life brings.
  • icon

    HDFC Life Income Benefit on Accidental Disability Rider

    UIN: 101B013V03

    Get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an accident.

  • icon

    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.

  • icon

    HDFC Life Protect Plus Rider

    UIN: 101B016V01

    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

Talk to Advisor
Not sure which insurance to buy?

Talk to an
Advisor right away

Talk to Advisor

We help you to choose best insurance plan based on your needs

Term Insurance Benefits

Let’s look at the benefits you can enjoy once you purchase a term plan:
  • Affordable Premiums for High Life Cover

    Term plans are popular since they offer high sum assured amounts at affordable premiums. The payout from a term insurance plan can help replace several years of lost income.

  • Critical Illness Cover

    Term plans today offer more than just life cover. Insurance companies also provide payouts if the insured gets diagnosed with a covered critical illness. Most often, critical illness cover is an optional rider. The payout received can be used to deal with treatment costs or replace lost income.

  • Disability Support

    Accidents can lead to dire consequences such as permanent disability. The insured may require some time to adjust to their life and figure out if they can still earn a steady income. With a disability rider on your term insurance policy, you won’t have to worry. The rider will take care of all future premiums so you can continue to financially protect your loved ones without any worries.

  • Enhanced Financial Security

    Term plans offer additional financial protection with riders like accidental death. If the insured meets with a fatal accident, their nominee receives the sum assured amount and an additional payout from the rider. The idea is to offer the family additional financial support when they need it most.

  • Tax Savings

    Term insurance policies are a popular tax-planning financial tool. The premiums you pay are deductible from your taxable income. You can claim deduction under Section 80C6 of the Income Tax Act, 1961up to INR 1, 50,000 per year against premiums paid towards term insurance policies. Additionally, the payouts received by you or your nominee are exempt u/s 10(10D) 7 of the Income tax Act, 1961

  • Flexible Payout Options

    In the unfortunate event that your nominee has to file a claim, you can choose how they should receive the payout. If the idea is that your term insurance sum assured will help replace your income, you can opt for monthly payouts. In case you want your nominee to receive the entire amount together, you can choose for them to get a lump-sum payout.

  • Maturity Benefits

    Return of premium term plans offer basic maturity benefits. If you outlive the policy tenure, you will receive a payout or series of payments that equal at least the total premiums paid over the years.

Terms Related To Term Insurance

1 Coverage

The amount of financial protection that the policyholder can receive is referred to as coverage. 

2 Insurability

An individual’s insurability measures the conditions that could affect their health or life expectancy or make them susceptible to injury.

3 Maturity Date

The maturity date refers to the day when the policy automatically ends and the insured receives the benefits of the term insurance plan, if any.

4 Nomination

A nomination refers to the process during which the insured authorises another individual to receive the death benefit payout. The authorised individual is called the nominee.

5 Premium

The premium is the amount the insured must pay to keep their term policy active. Premium payments can happen as a lump sum or in instalments


6 Surrender Value

The insured may opt to end the term plan before the maturity date. The amount they receive when they do so is known as the surrender value.

7 Claim Settlement Ratio

Your term insurance company will have a Claim Settlement Ratio (CSR). It refers to the number of claims they settle against all claims received in a year. At HDFC Life, our CSR is 98.66%.

8 Add-On Benefits or Riders

Term insurance add-ons or riders provide an additional element of financial protection over and above what your policy offers at an added cost. For example, you can pay for an accidental death rider, which provides an additional payout in case the insured meets with a fatal accident.

9 Sum Assured

The sum assured is the amount you choose as your term insurance payout in case anything happens to you. It is the amount the term insurance company will provide to your nominee. The sum assured plays a part in determining the premium for the plan.

10 Death Benefit

The sum assured is also known as the death benefit. It is what the nominee receives in the unfortunate event that that policyholder passes away.

11 Insured

The individual who enjoys life coverage under the policy is called the insured.

12 Maturity Claim

Term policies now offer a maturity benefit. The amount the insured receives is known as the maturity claim.

13 Vesting Age

Some policies are insurance-cum-pension plans that offer a regular payout. The age at which the insured starts receiving the payouts is known as the vesting age.



Which Factors Affect Term Insurance Premiums?

Your term insurance premium depends on several factors, including:

  • Age

    Young and healthy individuals are considered low risk, so they enjoy lower premiums than those who are older and may have health concerns.

  • Gender

    Studies show that women, on average, live longer than men. So, insurance companies often provide women with favourable premium rates, since they may pay for longer.

  • Health and Medical History

    When you purchase a term plan, you have to answer questions about your medical history and provide details about your family members. Health issues such as heart attacks or kidney failure may be passed on from parents to children. If you or your family members have a history of certain health conditions, your premium could increase.

  • Lifestyle Habits

    Individuals who often partake in adventure sports, drink alcohol and smoke or consume tobacco in other forms regularly are considered high risk. So, insurance companies charge them a higher premium. You must honestly disclose these details while applying for term insurance to avoid your nominee’s claim getting rejected later.

  • Profession

    Certain individuals have jobs that place them in risky situations every day. People like sailors and pilots or those who work with hazardous materials may have to pay higher premiums than their friends with less dangerous jobs.

  • Policy Tenure and Sum Assured

    The sum assured and policy tenure directly impact your premiums as well. A higher sum assured will mean a higher premium.


Why Choose HDFC Life’s Top-Selling HDFC Life Click 2 Protect Super?

  • Multiple Customisations

    Pick from three plan options and riders to customise your cover and receive policy benefits based on your needs.
  • 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.
  • Increasing Death Benefit

    Choose to increase your sum assured amount, up to 200% of the plan value, under the policy’s Life variant.
  • Critical Illness Benefit

    Enhance your cover with the Critical Illness Plus Rider and receive the sum assured payout upfront after covered critical illness diagnosis.
  • Accidental Death and Disability Benefits

    Receive an additional financial safety net with the HDFC Life Protect Plus rider11 after an accident leaves the insured permanently disabled or becomes fatal.
  • 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.
  • 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.
  • 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.
  • Waiver of Premium Benefits

    Future premiums get waived after the diagnosis of a covered critical illness or after total and permanent disability.

Term Insurance FAQs

We’ll tell you everything you need to know about Term Insurance.

1 What is the age limit to buy a Term Plan?

The age limit within which an individual may purchase a term plan range between 18 to 65 years.

2 Why is the term insurance premium amount for smokers higher than that of a non smoker?

Smoking could potentially lead to health risks such as cancer or heart disease. So, smokers have a higher mortality risk than their non-smoking peers. To help cover their higher mortality rates, term insurance companies charge smokers a higher premium.

3 Is COVID-19 covered by HDFC Life?

During these harsher living conditions presented by the pandemic, HDFC Life Term Plans have got your covered for Covid-19 as well. All life insurance policies issued by HDFC Life cover COVID-19* claims. For more queries on term insurance, visit the HDFC Life website.

Covid-19 disclaimer: “The settlement of Claim would be subject to declaration of all pre-existing medical conditions at the time of policy purchase and in accordance to applicable terms and conditions of policy contract"

4 What kinds of deaths are not covered in term insurance?

Term plans will not cover any deaths caused by self-inflicted injuries or suicide. Additionally, deaths caused by intoxication or sexually transmitted diseases like HIV or AIDS are not covered. The insurance company will carry out investigations into every claim. If they uncover any kind of fraud, the death will not be covered.

5 What documents are required to buy a term plan online?

To buy term insurance, you will need to submit the following documents:

1. Any one of these Officially Valid Documents as ID and Address Proof:

Passport, Voter’s ID, Aadhaar Card, PAN Card, National Population Register containing details of name, address and Aadhaar number, or any other Central Government issued document

In case Officially Valid Documents does not contain updated address, you may submit any one of the following as Address Proof:

Property or Municipal Tax Receipt, Utility Bill of electricity, telephone, post-paid mobile connection, piped gas, water not more than two months old, Pension or family pension payment orders (PPOs) issued to retired

2. Any one document can be used as Income Proof for the Salaried:

Bank statement showing salary credit for the latest 3 months, Latest year Form 16, Latest 2 years Income Tax Returns

3. Any one document can be used as Income Proof for the Self-Employed:

Form 26 AS, CA certified Audited balance sheet and profit loss account for latest 2 years, Latest 2 years Income tax returns not filed in the same year along with Computation of income. If the computation of income is not available, you will need to provide the income tax returns for the last 3 years.

6 Can I have multiple term insurance policies?

Yes, you can have multiple term insurance policies in order to ensure that your loved ones can achieve their life goals in the case of any unfortunate event. They can also manage to pay off liabilities such as loans in your absence.

7 Does Term Insurance Plan cover death or health related issues?

Yes, the HDFC Life Term Plan covers issues related to health and death. There are riders that come with the term plan among which are the basic death benefits and health benefits that you can avail in accordance to your needs. Being the cheapest and one of the most affordable types of insurance available, term insurance plans serve to provide protection with a life cover for your family.

The critical illness rider can be opted for protection from a critical illness. In such a case, you will receive the sum assured upon diagnosis. This is in addition to the benefits that are to be received in case of death during the policy term.

In case of unforeseeable events within the policy term, the nominee that you chose while filing for the term insurance receives the death benefits. The nominee, who is also referred to as the beneficiary, receives a lump sum amount as part of death benefits.

8 Should I buy a term plan or a traditional life insurance plan?

It is a smarter move to invest in term insurance plans in comparison to traditional life insurance policies. While both cover the risk of premature death, the difference between term insurance and life insurance lies at the point of maturity.

A conventional life insurance plan with maturity benefits, like moneyback policies, endowment policies, retirement policies, etc., is typically 10 times its premium amount. From the perspective of wealth creation, such products provide 3% to 4% interest rate which is largely what you get had you kept your funds in your savings bank account. With term insurance policies your net gain is higher in comparison to a life insurance product that comes with a maturity benefit.

However, the choice needs to be on the basis of your life goals.

Other benefits that make buying a term plan a wise decision are:

Death Benefit: Even though term life insurance provides a death benefit in the event of the policyholder’s demise prior to the maturity of the term policy as opposed to life insurance offering both death and maturity benefit, the compensation offered by a term insurance policy's much higher.

Low Premiums: Term plans offer higher risk coverage on low premium but does not create wealth like life insurance policies.

Flexibility: It is a much simpler process to surrender term plans compared to conventional life insurance policies.

9 Can I change the frequency of payment for my term insurance policy?

There might be instances when you would like the change the premium payment frequency.

“For example - If you have been paying your premium yearly, you might want to change it to monthly or if you have been paying your premium monthly, you might want to change it to yearly.”

With HDFC Life’s term insurance policy, you can change your premium payment frequency anytime.

10 Can you cash out term insurance policy?

Term insurance plans generally do not offer maturity benefits, so they do not have any cash value. Given this, it is not possible to cash out a term insurance policy. The policy will only provide a cash benefit in case something happens to the insured individual.

11 Do term insurance plans offer tax benefits?

Yes. The premium you pay for the upkeep of your term plan, up to INR 1,50,000 per year, is tax-deductible under Section 80C of the Income Tax Act, 1961. Additionally, the payout you or your nominee receive will also be tax-free under Section 10(10D)

12 What is the policy term that I should select?

Ideally, you should select a term for your whole life or one that will see you through until your retirement. You can purchase a policy when you’re in your 20s for affordable premiums in the coming years

13 Should you opt for Limited pay or regular pay term insurance plan?

Your decision should depend on your financial ability to pay premiums. If you can afford small regular payments, you can commit to a regular pay term plan. With this option, you can pay every month, quarter, six months or year. Conversely, if you can afford to payhigher premiums quicker, you can opt for a limited pay option.

14 Can I change the frequency of life cover after the term insurance policy is issued?

Yes, many insurance providers will allow you to change the frequency with which you make premium payments toward your term insurance plan. But, you will only be able to make the change when the policy is up for annual renewal.

15 Do you get your money back at the end of the policy term on survival?

This depends on the type of plan you purchase. If you have a return of premium policy, the insurance provider will return the premium amount once the policy expires. Most regular term plans do not offer any monetary benefit at the end of the policy term if the insured survives.

16 What if I become NRI after purchasing a term plan?

If you happen to shift residence out of India after purchasing a term plan, you must let your insurance provider know about the upcoming shift in writing. The company will then confirm whether they will keep your policy active or not. Typically, they will keep your policy going as long as you pay the premiums on time. However, some policy providers will not cover risks in particular countries. So, make sure you document their approval before you move.

17 Why should I buy a term insurance policy?

Term insurance policies provide your loved ones with financial security at a particularly difficult time in their lives. Additionally, depending on the term plan you choose, you can also secure your own financial future in case you’re diagnosed with a critical illness or you meet with an accident that leaves you permanently disabled.

18 How much cover should I take in a term insurance plan?

The amount of coverage that you should ideally opt for in a term plan can be determined with the help of several parameters.

  • Current Annual Income: The generally accepted thumb rule is 20 times your current annual income which more or less factors in all possibilities like life cover, high inflation, and the rising costs of living that helps to decide your overall term insurance plancoverage.
  • Current and Future Financial Commitments: Outstanding loans and debts are yet another key factor that is considered when determining your term policy coverage. If you are the primary breadwinner of the family, you must opt for a large enough coverage that will secure your family, take care of ongoing and future financial obligations in your absence.
  • Financial Goals: Factor in all liabilities that you need to meet in the future when deciding on the sum assured for your term insurance plans. The whole point is to make sure that your family is able to maintain their lifestyle and meet financial goals in the event of your sudden demise.
  • Age at the time of Policy Purchase: You can use the term insurance calculator to reach a decision. 20x of current annual income if you are in your 20s, 15x of annual income if you are in your 30s, and 10x of annual income for those in their 40s. Remember to add any outstanding debt to this calculation too.

Duration of the Coverage: It is best to purchase young and opt for a maximum tenure of coverage on your term plans.

19 What are the in-built benefits offered under the HDFC Life Click 2 Protect Super plan?

You can enjoy the following benefits with your HDFC Life Click 2 Protect Super10 policy depending on the plan variant and add-on covers you select:

  • Death benefit paid to your nominee in case anything happens to you
  • Accelerated death benefit paid in case of a terminal illness diagnosis
  • Return of premiums if you outlive the policy term
  • Waiver of premiums in case of a critical illness diagnosis or permanent disability

20 Can the nominee be changed after I have purchased the term insurance policy?

Yes. After you have purchased a term insurance policy, you are free to update the name of your nominee at any time. You may want to add a spouse after you get married or add your children as nominees as well.

21 Do I need to buy term insurance even if I am covered under my company's group policy?

It’s a good idea to purchase an individual term plan even if you’re covered under your company’s group policy. Group term plans often do not offer very high cover amounts. Individual plans, on the other hand, can be customised to suit your individual needs. You can decide your sum assured and how you’d like the payouts to be made to your nominees. Individual plans also offer continuous cover, which may not always be the case with group plans. If you happen to leave the group, you will no longer enjoy the life cover offered, which leaves you and your family with significant financial risk. With both an individual and a group policy, you can enjoy enhanced cover at all times, irrespective of whether you opt to change your job at any time.

22 What happens to the term insurance policy if the premium is not paid before the due date?

With a term insurance policy, if the insured individual fails to pay the premium before the due date, the policy will automatically lapse. This means that you will have to forfeit all the premiums paid so far and the insurance benefits. If you would like to get life cover again, you will likely have to purchase an entirely new policy.

23 What happens to a term insurance policy if the insured individual outlives the policy term?

Term insurance policies mainly offer the nominees of the individual a death benefit. If you happen to outlive your policy, the policy will end so you no longer have life cover and in most cases, you will not receive any kind of maturity benefit. If you’ve purchased a term plan that offers a maturity benefit, then you will receive it once the policy term expires. Before the term expires, you have the option of converting your term life insurance policy into a regular life insurance policy. You can check with your insurance provider on whether this is possible and ask about the process for the same.

24 How do I select the best term insurance policy for myself?

The term insurance policy that you choose will depend on your financial requirements. First, you must decide whether you want a simple term plan or if you’d like to get critical illness and disability cover as well. Next, you should look for policies that also offer maturity benefits, such as the return of the premium. Finally, you should look at the sum assured on offer. The sum assured that you opt for will depend on the number of dependents you have and the kind of lifestyle you’d like your family to enjoy in the future. Once you understand your needs and requirements, you’ll be able to select the right term insurance policy.

Key Takeaways

Term Insurance offers you:

  • A low entry age of just 18
  • Premium payment and benefit payout flexibility
  • Long-term protection for life
  • Quick and secure purchases online
  • High life cover with affordable premiums
  • Enhanced coverage with accidental disability and critical illness add-ons
  • Tax savings
  • Maturity benefits
  • Three plan options
  • Opportunity to secure your family’s financial future


  1. Available under Life Protect and Income Plus Options only.
  2. Available as an inbuilt feature under Income Plus Option and on payment of extra premium under Life Protect Option (Fixed Term variant) and Life & CI Rebalance Option.
  3. WoP on diagnosis of CI is available as in inbuilt feature under Life & CI Rebalance Option and on payment of extra premium under Life Protect Option (Fixed Term variant).ADB option is available on payment of extra premium under Life Protect Option.
  4. As per Income Tax, 1961. Tax benefits are subject to changes in tax laws
  5. Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2020-2021. Source - https://www.hdfclife.com/claims
  6. Subject to conditions specified u/s 80C of the Income tax Act, 1961.
  7.  Subject to conditions specified u/s 10(10D) of the Income tax Act, 1961.Therefore stated views are based on the current Income-tax law. Tax benefits are subject to change in tax laws. Also, the 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. Applicable for step-up variant at Policy Term of 30 years
  9. Subject to maximum policy term of 30 years in Classic and Comprehensive variants
  10. HDFC Life Click 2 Protect Super (UIN: 101N145V01) is a Non-Linked, Non-Participating, Individual, Pure Risk Premium/ Savings Life Insurance Plan. Life Insurance Coverage is available in this product.
  11. This is Available under Life & Life Plus plan options

**Premium for Life Protect Option, Male Life Assured, Non-Smoker, 25 years of age, Policy term of 30 years, Regular pay, Annual frequency, exclusive of taxes and levies as applicable. (Annualized Premium of `9214/365=25)

ARN - ED/11/22/30739