Your life insurance policy isn’t for you. You buy it to ensure that your loved ones will still be taken care of after you pass away. Despite what many people believe, life insurance isn’t as complicated or as expensive as they think. Consider what it would mean to your loved ones if they lost you someday – and see it as a potentially happy ending to a challenging situation. One of the insurance companies that has insured to do so is HDFC Standard Life Insurance. HDFC Standard Life Insurance was established in the year 2000 when India’s largest housing finance company, HDFC Ltd., merged with the globally renowned investing firm, Standard Life. Since then, the HDFC Life Insurance company has grown into one of the best insurance-providing organisations in India.
At present, HDFC life insurance is the most trusted firm in the country. It offers an expansive range of products and services for both individuals and groups. You can find your perfect protection plan, women’s or children’s plans, retirement plans, savings and investment plans.
You can read more to know the best suitable HDFC Life Insurance option for you and your family.
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HDFC Life Insurance
HDFC Life Insurance comes in different formats and you can even customise it as per your requirements. But before you choose any HDFC life insurance plans, make sure to know the types, key features, tenure, terms, and premiums of each one of them. Let’s start with the types of HDFC Life Insurance.
Types of HDFC Life Insurance
HDFC Life Insurance can be classified into 7 types, which can further be subdivided into several categories. You can choose HDFC life-term insurance depending upon your budget, convenience, term, tenure, premiums, etc.
Given below are the types of HDFC life insurance available in the market:
- Term Plan
- Retirement Plans
- Health Plans
- Investment Plans
- Child Plans
- Women Plans
- Group Plan
HDFC Life-Term Insurance
HDFC life-term Insurance offers several plans that fit an individual’s budget and are cost-effective. Most people can select the term insurance plans that are convenient for them and benefit from the maximum amount of coverage. These term insurance plans also provide huge coverage and protection for you and your family. These plans can secure your family on a financial basis.
The types of HDFC life-term insurance plans are as follows:
- HDFC Life Click 2 Protect 3D Plus
- HDFC Life Click 2 Protect Plus
- HDFC Life Click 2 Protect Health
You can read the tenure, premiums, assured sum, age, and criteria in the given-below table.
| HDFC life-term Plans | Criteria | Tenure | Sum Received | Entry Age | Maturity Age | Premium payment Mode |
| HDFC Life Click 2 Protect 3D Plus | All options for life-long protection | 5 years to 85 years after subtracting entry age | From Rs. 10 lakh to no upper limit | 18 years to 65 years | 23 years to 85 years | Singley, Monthly, quarterly, half-yearly, yearly |
| Life-long protection | Entire Life | From Rs. 10 lakh to no upper limit | 25 years to 65 years | For Complete Life | Monthly, quarterly, half-yearly, yearly | |
| HDFC Life Click 2 Protect Plus | NA | 10 years to 40 years | From Rs. 25 lakh to no upper limit | 18 years to 65 years | Maximum 85 years | Monthly, quarterly, half-yearly, yearly |
| HDFC Life Click 2 Protect Health | All options for life-long protection | 5 years to 85 years after subtracting entry age | From Rs. 10 lakh to no upper limit | 18 years to 65 years | 23 years to 85 years | Monthly, quarterly, half-yearly, yearly |
| Life-long protection | Entire Life | From Rs. 10 lakh to no upper limit | 25 years to 65 years | For Complete Life | Singley, Monthly, quarterly, half-yearly, yearly |
Retirement HDFC Life Insurance Plans
HDFC provides pension or retirement plans to help you become independent even at an early age. The following retirement plans are as follows:
| HDFC Retirement Plans | Tenure | Entry Age | Maturity Age | Premium payment Mode |
| HDFC Life Personal Pension Plus | 5 years to 85 years after subtracting entry age | 18 years to 65 years | 55 years to 75 years | Monthly, quarterly, half-yearly, yearly |
| HDFC Life Click 2 Retire | Entire Life | 18 years to 65 years | 45 years to 75 years | Monthly, quarterly, half-yearly, yearly |
| HDFC Life Pension Guaranteed Plan | 10 years to 40 years | 30 years to 85 years | NA | Monthly, quarterly, half-yearly, yearly |
| HDFC Life New Immediate Annuity Plan | 5 years to 85 years after subtracting entry age | 30 years to 85 years | NA | Monthly, quarterly, half-yearly, yearly |
| HDFC Life Pension Super Plus | Entire Life | 35 years to 65 years | 55 years to 75 years | Monthly, quarterly, half-yearly, yearly |
HDFC Health Life Insurance Plan
For several reasons, having a healthcare plan in today’s world has become a necessity. One of the major reasons is the increasing cost of medicine and hospital bills. By choosing HDFC Life Cancer Care, you can avail yourself of several benefits.
| HDFC Health Plans | Tenure | Sum Received | Entry Age | Maturity Age | Premium payment Mode |
| HDFC Life Cancer Care | 10 years to 20 years | From Rs. 10 lakh to 40 lakh | 18 years to 65 years | No minimum age to 75 years | Monthly, quarterly, half-yearly, yearly |
HDFC Investment & Saving Plans
The HDFC Life savings and investment plans are designed to provide multiple benefits to the customer and in saving money. These plans are systematically developed with the help of experts so that customers can easily meet their long-term plans. The HDFC Life Insurance terms are as follows:
| HDFC Life Investment & Saving Policy | Sum Assured | Tenure of the Insurance | Mini. – Max. Age(yrs.) | Maturity Age(yrs.) | Premium Modes |
| HDFC Life Click2invest ULIP | No limit – 125% of premium | 5 years to 20 years | 30 days to 65 years | 18 years to 75 years | Monthly, quarterly, half-yearly, yearly, single |
| HDFC Life Super Income Plan | Rs. 1,28,337 to maximum no limit | 16 years to 70 years | 30 days to 59 years | 18 years to 75 years | Monthly, quarterly, half-yearly, yearly |
| HDFC SL Crest | 7 times of annual premium to up to 40 times | No lower limit to 10 years | 14 years to 55 years | No limit – 65 years | Yearly |
| HDFC Life ClassicAssure Plus Plan | Rs. 48,032 to maximum no limit | 10 years to 20 years | 30 days to 60 years | 65 years to 75 years | Monthly, quarterly, half-yearly, yearly |
| HDFC Life ProGrowth Plus | 7 times of annual premium or yearly premium term * 0.25 to up to 40 times | 10 years to 30 years | 14 years to 65 years | 65 years to 75 years | Monthly, half-yearly, yearly |
| HDFC SL ProGrowth Super II | 7 times of annual premium or yearly premium term * 0.25 to up to 40 times | 10 years to 30 years | 14 years to 65 years | 70 years to 75 years | NA |
| HDFC SL ProGrowth Flexi | 7 times of annual premium or yearly premium term * 0.25 to up to 40 times | 10 years to 30 years | 14 years to 65 years | 70 years to 75 years | NA |
HDFC Life Insurance for Children
Ensuring your child’s future financially is a great idea and to implement it, you can use the HDFC children’s plan that will teach them to save and how to use money wisely. There are two child plans, which are as follows:
| HDFC Life Children Plans | Tenure | Sum Received | Entry Age | Maturity Age | Premium payment Mode |
| HDFC Life YoungStar Udaan | 15 years to 25 years | 100% assured sum + 25% of assured sum | 30 days to 60 years | 18 years to 75 years | Monthly, quarterly, half-yearly, yearly |
| HDFC Life YoungStar Super Premium | 10 years to 20 years | 7 times of annual premium to up to 40 times | 18 years to 65 years | No limit – 75 years | NA |
HDFC Life Insurance for Women
With these amazing HDFC Life Insurance plans for women, they can withhold a secure future, especially in terms of finance.
| HDFC Life Women Plans | Tenure | Sum Received | Entry Age | Maturity Age | Premium payment Mode |
| HDFC Life Smart Women Plan | 10 years to 15 years | 7 times of annual premium to up to 40 times | 18 years to 45 years | 28 years to 60 years | NA |
HDFC Life Insurance Group Plan
The different types of insurance group plans offered by HDFC Life are as follows:
- Group Pension Plans
- Group Unit Linked Pension Plans
- Group Variable Employee Benefit Plan
- Life New Group Unit Linked Plans
- Group Term Insurance Plan
- Group Credit Protection Insurance Plan
- Group Credit Protect Plus Insurance Plan
- Pradhan Mantri Jeevan Jyoti Bima Yojana Plan
Documents Required for HDFC Life Insurance
One will need the following documents:
- Indian government-approved ID.
- Address proof
- Income Evidence
- Self-attested copy of bank passbook
Eligibility of the Plan
You can read the HDFC Life Insurance Policy eligibility criteria in the table given below:
| HDFC Life Insurance Policy | Sum Assured | Tenure of the Insurance | Premium Modes | Mini. – Max. Age(yrs.) | Maturity Age(yrs.) |
| HDFC Life Insurance Term Plan | Rs. 25 lakh – Maximum | 10 years – 40 years | yearly, half-yearly, quarterly, monthly | 18-65 | 75 |
| HDFC Endowment Plan | Rs. 2,45,145 -Maximum | 15 years – 30 years | yearly, half-yearly, monthly | 18 – 60 | 75 |
| HDFC Retirement Plan | Rs. 2 lakh – Maximum | 10 years – 40 years | yearly, half-yearly, quarterly, monthly | 18-65 | 75 |
| HDFC Child Plan | Depends on the term, age, premium, etc. | 15 years – 25 years | yearly, half-yearly, monthly | 18-65 | 75 |
| HDFC Saving Investment Plan | Rs. 1 lakh – Maximum | 15 years – 25 years | yearly, half-yearly, quarterly, monthly | 30 – 60 | 70 |
Advantages of Having HDFC Life Insurance
The advantages of having an HDFC life insurance plan are as follows:
- Allows customers to customise their plans by adding several optional benefits as per their budgets.
- The HDFC Life Insurance company has fulfilled 97.62% of claims under their life insurance policy plans.
- HDFC Standard Life has a well-structured network of offices across India.
- The policyholder can have the HDFC Policy tax-free under Section 10 (10D) of the Income Tax Act.
- HDFC Life Insurance plans are available with a wide variety of options.
- Many insurances provide financial security as well to you and your family.
Wrap Up!
We hope you have clarity about all the HDFC Life Insurance plans. You can now select the best plan as per your convenience and budget. Choose the best and plan protection coverage for your family.
Frequently Asked Questions (FAQs)
Which policy is the best in HDFC?
HDFC Life Classic Assure Plus is the best policy as it offers bonuses and flexibility to pay on a term basis.
Is HDFC Life better than LIC?
HDFC Life Insurance is better than LIC because the returns are at an interest rate of 8.72%. Another reason is that LIC has a huge history of non-performing assets.
How can I get my HDFC LIFE policy details?
You can use the following method to know your HDFC Life policy details:
- Call on Toll-free number – 1800-266-9777
- Request call back by giving a missed call on – 9606112099
- Send an Email at – buyonline@hdfclife.in.
- Send an SMS at – SMS LIFE to 56161.
What are the plans for HDFC Life?
HDFC Life Insurance has nine different options under the HDFC Life Click2 Protect 3D plan, out of which six options offer great benefits.
Is HDFC Life safe?
Yes, HDFC Life Insurance is safe. HDFC Company offers amazing claim settlement ratios to secure and cover your family’s financial needs.
What is the benefit of HDFC Life?
HDFCLife Insurance provides financial support in untimely events like the death of the policyholder. Furthermore, it acts as a long-term investment. Your life insurance can easily cover your children’s education, marriage, dream home, or a well-planned retirement at every stage of your life.
