Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Track & Policy DownloadLogin

HDFC Life Insurance Benefits

Founded in the year 2000, HDFC Life Insurance Company Limited is a joint venture between HDFC Limited and Standard Life Aberdeen. HDFC Life has insured 6.8 crore plus lives so far and is one of the leading life insurance companies in India. The company has over 60 products in its portfolio ranging from Protection, Pension, Savings, etc.

Unique Features Offered by HDFC Life

Listed below are some of the unique features of HDFC Life that makes it a preferable life insurance option for people [1]:

  • Claim Settlement Ratio: HDFC Life Insurance has achieved a great claim settlement ratio of 99.39% in FY 22-23. This means that the company has settled almost all claims received in that fiscal year.
  • Amount Settled: During FY22-23, HDFC Life settled claims worth Rs. 1390 Crores. This amount reflects the company’s prioritises on providing financial support to its customers at their time of need.
  • Solvency Ratio: With 203% as their solvency ratio, HDFC Life insurance company showcases a very strong financial health and abilities to cover potential liabilities as per the report by IRDAI in FY22-23.
  • Assets Under Management: HDFC Life managed assets worth Rs. 236994 Crores during FY22-23. It is worth mentioning their extensive financial strength and capability to manage risks effectively and keeping the interest of policyholders on top of the company’s priority list.
  • Sum Assured in Force: For the financial protection and security of policyholders, it is important that a company reflects a good sum assured helping policyholders choose better. As reported in FY22-23, HDFC Life had a total sum assured of Rs. 15,90,501 Crores in force.

Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

Date of Birth

calendericon

Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Benefits of buying HDFC Life’s Insurance Policy

Here are the benefits of buying your life insurance from HDFC Life:

  • Financial Protection: Having an HDFC Life insurance will protect your family financially in case of your untimely death or in case you have a partial or complete disablement.
  • High Claim Settlement Ratio: Boasting a claim settlement ratio of 99.39%, HDFC Life insurance comes with a guarantee that you will get your sum assured in case something happens to you.
  • Variety of Products Offered: HDFC Life offers more than 60 products and you can choose from a wide range of options as per your requirements.
  • Post Retirement Income: Your HDFC Life insurance can also become a great source of income for you post retirement as the amount saved will be given to you post the retirement age, usually it is after 60 to 65 years of age.
  • Tax Benefits: You can also avail tax benefits under Section 80 of the Income Tax Act 1961.

Frequently Asked Questions (FAQs)

Ques.1 At what age can I apply for taking HDFC Life Insurance?

Ans. You can apply for taking an HDFC Life insurance starting from the age of 18 years

Ques.2 What is the claim settlement ratio of HDFC Life Insurance?

Ans. The claim settlement ratio or CSR of HDFC Life insurance is at 99.39% for FY 22-23 as per IRDAI

Ques. 3 What are the documents that are valid to prove my age for taking HDFC Life Insurance?

Ans. Aadhar card with complete date of birth in DDMMYYYY format, passport and driving licence are all valid proof for your age.

Ques. 4 What is the process to cancel my HDFC Life insurance?

Ans. In case you are planning to cancel your HDFC Life insurance, you should connect with an InsuranceDekho advisor for proper assistance on our helpline number: 7551196989 or email us on support@insurancedekho.com

Ques. 5 Will there be a medical test that will be conducted for taking an HDFC Life Insurance?

Ans. Yes, there will be a medical test that will be conducted before an HDFC Life insurace policy is issued to you.

References:

  1. https://www.insurancedekho.com/life-insurance/hdfc
  2. https://www.hdfclife.com/insurance-knowledge-centre/about-life-insurance/need-for-insurance

Life Insurance News

User Reviews

Write your review
What users are saying
  • All
  • Supportive team

    Insurancedekho helped me understand the importance of a joint life insurance plan for both me and my wife. Based on their recommendation, we bought HDFC Life Insurance. Their advice has come in handy, and now we enjoy the benefit of safety it provides. Thank you so much, team. 

    K
    HDFC
    By Karthick arjuna
    On: Jun 21, 2024
  • Happy with Customer Support

    InsuranceDekho helped me get a good policy that added value for my money. Their customer support agent Payal Kumari was very good. I purchased HDFC Insurance from her through complete assistance.

    J
    HDFC
    By Jagbindar Singh
    On: Feb 29, 2024
  • User Reviews Reflect Reality

    Reading positive user reviews initially attracted me to InsuranceDekho, and now, after experiencing their HDFC Life Insurance services, I can confidently say that their review section reflects reality. The positive reviews, including mine, show the company's commitment to excellence in life insurance services.

    Y
    HDFC
    By Yashdeep Singh
    On: Feb 28, 2024
  • Amazing Insurance Company

    I am impressed with the team of InsuranceDekho. They helped me in buying an HDFC life insurance policy. I got it online through the InsuranceDeko Online service. They had multiple types of life insurance and the expert team helped in buy the correct life insurance for me. Thank You!

    H
    HDFC
    By Hitesh Kumar
    On: Jan 25, 2024
  • Quick Working process

    The payment process for buying HDFC Life Insurance was very quick and easy. It was hardly a 2-3 minute process of buying and issuing the HDFC Life Insurance Policy on InsuranceDekho.

    B
    HDFC
    By Bhupender Saini
    On: Dec 04, 2023

Best Insurance Advisors in Your City.

FAQs

  • Why should I choose HDFC Life Insurance?

    HDFC provides a wide range of Term, Savings, Investment, Pension, Health and Child plans. You can choose the plan that fits your needs and budget. HDFC Life Insurance has a claim settlement ratio of 99.07% for the year 2019-20. HDFC provides 24x7 customer care service.

  • What type of life insurance plans does HDFC Life offer?

    HDFC provides a wide range of term, savings, investment, pension, health and child plans.

  • What is the Claim Settlement Ratio of HDFC Life for the year 2019-20?

    HDFC Life Insurance featured a Claim Settlement Ratio of 99.07% for the year FY 2019-20. 

  • What is the toll-free customer care number of HDFC Life Insurance?

    The toll-free customer care number of HDFC Life is 1800 266 9777.

  • Why should I purchase a life insurance policy online?.

    Purchasing life insurance online is fast and convenient, requires minimum paperwork, is economical and provides you with real-time tracking.