HDFC Life Insurance: Best Plans, Premium & Benefits

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HDFC Life is one of the leading and most trusted companies in the life insurance space. The company offers a plethora of life insurance policies such as term plans, savings plans, unit-linked investment plans or ULIPs, immediate income plans and retirement plans.

HDFC Life provides several new-age features such as return of purchase price, waiver of premium, joint life coverage, lifelong regular income options along with other several guaranteed and comprehensive benefits.

Let’s know more about the top insurance offerings of HDFC Life and their respective key features.

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Highlights
Types of HDFC Life Insurance Plans
HDFC Life Saving Plans
How to Buy HDFC Life Insurance Policies Online?
What is the Claim Settlement Process of HDFC Life Insurance Online?
Whom to Connect with for HDFC Life Insurance Policies?

Highlights

Claim Settlement Ratio: 98.66% (FY 2021-22)
Benefits: Flexible policies, return of purchase price option, joint life coverage
Cashless Hospitals: 10,000+
Coverage: Whole life up to 99 years in certain plans
Premium Payment: Single, Regular and limited
Discount: Up to 15% (online purchase), women policyholders
Branches: 370+

Types of HDFC Life Insurance Plans

HDFC Life Term Insurance Plans

HDFC Life Click 2 Protect Super

Key features:

Option to increase coverage as per increasing needs and requirements.
Flexibility to choose from multiple coverage options.
Return on premium paid on survival till maturity.
Option to choose increasing Death Benefit up to 200% of sum assured.
Waiver of Premium on diagnosis of critical illness or accidental disability.
Option to cover spouses under the same plan.

HDFC Life Click 2 Protect Life

Key features:

Three variants of the plan: Life Insurance and Critical Illness Rebalance, Life Protect and Income Plus.
Auto balance of death cover and critical illness cover.
Income payouts after the age of 60 years.
Special discount on premium for women lives and non-smokers.
Avail additional sum assured amount on accidental death.

HDFC Life Saral Jeevan Bima

Key features:

Minimum sum assured is INR 5 lakh.
Option of choosing single, limited and regular premium options.
No benefit is payable on survival till the end of the policy term.
Entry age is 18 years and 65 years.
Optional riders:
1. Income Benefit on Accidental Disability Rider
2. Protect Plus Rider

Quick Protect Plan

Key features:

Choose from three sum assured options ranging from INR 75 lakh to INR 1.25 crore.
Coverage against 19 critical illnesses.
Life cover of 2 times coverage in case of accidental death
No medical tests are required.
Flexible payout options.

HDFC Life Saving Plans

HDFC Life Sanchay Plus

Key features:

Avail lump sum guaranteed benefits as regular income.
Four different plan variants.
Death benefit along with maturity payouts.
Return of total premium (RoP) at the end of payout period.
Annual minimum premium is INR 30,000.
Entry age is 5 years to 60 years.
Coverage available up to 80 years.

HDFC Life Guaranteed Income Insurance Plan

Key features:

Guaranteed lump sum on maturity.
Receive death benefit even during the income payout period.
Option to receive income payouts monthly or annually.
Optional riders: Term rider, critical illness rider and accidental death disability and dismemberment rider.

HDFC Life Sanchay Par Advantage Plan

Key features:

Whole life coverage along with lifelong income benefits.
Immediate income payout option.
Option to choose payout period depending upon various milestones and goals.
Avail survival benefit, maturity benefit and death benefit.

HDFC Life Sanchay Fixed Maturity Plan

Key features:

Option to cover spouse under the same plan.
Flexibility of premium payment options.
Optional riders: Term rider, critical illness rider and accidental death disability and dismemberment rider.
Policy tenure is up to 40 years.
Plans can be purchased without any medical examination.
Maturity benefits can be enhanced for high premiums.

HDFC Life Saral Jeevan

Key features:

Low-cost premium plan.
Life coverage during full policy term.
Guaranteed returns as maturity benefits.
Option to receive payouts as lump sum or as regular income.

HDFC Life ClassicAssure Plus

Key features:

Pay premium for a limited period of seven or 10 years.
Option to avail loan against the policy.
Rebate on premium for policies with sum assured of INR 10 lakh or above.
Minimum 3% guaranteed reversionary bonus.
Receive death, maturity and survival benefit.

HDFC Life Super Income Plan

Key features:

Guaranteed regular monthly income for a period of eight to 15 years.
Option to pay one-time premium and receive regular income from the second year of the policy.
Option to avail loan against the policy.
Avail reversionary and terminal bonus.
Optional riders: Accidental disability rider, critical illness plus rider.

HDFC Life Sampoorn Samridhi Plus

Key features:

Option to choose between two plans.
Avail guaranteed additions along with bonus (if declared).
Coverage can be extended up to 100 years.
Option to avail loan against the policy.
Avail enhanced benefits in case of accidental death.

HDFC Life Uday

Key features:

Flexible plan with limited period premium payment option.
Pay premium for eight to 10 years and receive coverage for 12-15 years.
Guaranteed addition of 3% on sum assured during the first five years.
Bonuses to be provided, if declared.
Additional death benefit on accidental death

HDFC Life Pragati

Key features:

Affordable and low-cost policy.
Premiums are as low as INR 100 per month.
Flexible premium payment conditions.
Lump sum one time premium for five to 20 years.

HDFC Life Smart Income Plan

Key features:

Option of enhancing maturity and income.
Pay a premium for a limited term and receive income till maturity.
Bonuses to be provided, if declared.
Guaranteed income benefit.

HDFC Life Assured Gain Plus

Key features:

Life coverage for full term for premium paid only for five years.
Bonuses to be provided, if declared.
Guaranteed sum assured on maturity.
Guaranteed benefit is paid on survival at maturity, if all premiums paid.

HDFC Life Star Saver

Key features:

Guaranteed returns at maturity.
Life coverage for full term for premium paid only for five years.
Additional death benefit on accidental death.
Optional riders: term rider and critical illness rider.

HDFC Life Guaranteed Wealth Plus

Key features:

Long-term guaranteed returns.
Life insurance cover for full policy term.
Guaranteed benefit as lump sum or as regular Income or both.
Optional riders: term rider and critical illness rider.
Premium payment mode: annual, half-yearly, monthly, single

HDFC Life Sampoorna Jeevan

Key features:

Coverage up to the age of 75 or 100 years.
Limited premium payment options.
Flexibility to choose from five bonus options.

HDFC Life Secured Income Insurance RP

Key features:

Death benefit with family income payout option.
Allows you to pay a premium for a limited time frame.
Entry age is 0 to 55 years.
Coverage available till 70 years.
Modes of premium payment are annual and monthly.

HDFC Life Income Advantage Plan

Key features:

Life coverage with full policy term.
Several options to avail income payouts.
Get advantage of guaranteed income.
The policyholder can decide to pay during the first half and get income during the second half of the policy term.

HDFC Life My Assured Income Plan

Key features

Pay premium for a limited period of time.
Option of three variants to receive monthly or yearly income payouts.
Avail guaranteed terminal benefit paid as a lump sum amount on completion of policy term.
Ensures death benefits along with survival benefits.
Optional riders:
1. Critical Illness
2. Term Rider

HDFC Life Saral Bachat

Key features:

Guaranteed returns to boost regular income.
Option to receive maturity benefit.
Payouts can be received as lump sum or as regular incomes.
Low-premium savings plan.
Guaranteed returns are paid on survival during the policy term, provided all due premiums are paid during the premium payment term.

HDFC Life ULIP – Unit Linked Insurance Plan

HDFC Life Sampoorn Nivesh

Key features:

Avail four fund switches in a year with 10 fund options.
Option to receive payout benefit in three years.
No charges for premium redirection in a policy year.
Option to make partial withdrawals after lock-in-period.
Enhanced coverage in case of an accidental death.
Optional riders:
1. Income Benefit on Accidental Disability Rider.
2. Critical Illness Plus Rider.
3. Protect Plus Rider.

HDFC Life Click2Invest ULIP

Key features:

Option to choose from 11 fund options.
Option to make partial withdrawals after lock-in-period.
Entry age is 0 to 65 years.
Annualized premium is INR 12,000.
Policy term is five to 20 years.
Receive maturity benefit in lump sum or in installments.

HDFC Life Click 2 Wealth

Key features:

Three options: Invest Plus, Premium Waiver and Golden Years Benefit.
Select from 11 fund options.
Unlimited free switching option.
Charges only fund management charge and mortality charge.
Future premiums to be waived off in case of the death of the main policyholder.
Entry age is 0 to 65 years.
Annualized premium is INR 12,000.
Policy term is 10 to 40 years.

HDFC Life Click2Invest ULIP

Key features:

Select from a mix of 11 fund options.
Get maturity benefit as lump sum or in periodic installments.
Pay premiums regularly, or for a limited period of five, seven and 10 years or pay once.
Option to make partial withdrawals after lock-in-period.
Policy term is five to 20 years.
Entry age is 0 to 65 years.
Annualized premium is INR 12,000.

HDFC SL ProGrowth Super II

Key features:

Coverage against death, accidental disability and critical illness.
Option to select benefits from eight variants.
Nominee to receive an additional sum assured in case of an accidental death.
Option to make partial withdrawals after lock-in-period.
Option to manage investment funds by switching or by redirecting future premiums into a new fund.

HDFC SL Crest

Key features:

Option to choose between 10 funds.
Sum assured can be as wide as 20 times of annual premium.
Option to make partial withdrawals after lock-in-period.
No limit on maximum premium.
Pay premium for five years and enjoy a policy term of ten years.

HDFC SL ProGrowth Flexi

Key features:

Additional sum assured in case of accidental death.
Option to choose between 10 funds.
Option to make partial withdrawals after lock-in-period.
Sum assured can be as wide as 40 times of annual premium.

HDFC Life Smart Woman Plan

Key features:

Option to choose from four fund options.
Coverage for emergencies, spouse’s death and options to plan life events such as marriage, health or career.
HDFC Life waives off future premium if one meets with situations such as pregnancy related complications, birth of child with congenital disorder, malignancy in female organs, or death of spouse.
Sum assured can be as wide as 40 times of annual premium.
Option to make partial withdrawals after lock-in-period.

HDFC Life Classic One

Key features:

Option of both single and joint coverage.
Joint policyholders can be spouses, children or parents.
Unlimited free switching option.
Option to choose from 11 fund options.
Get maturity benefit as lump sum or in periodic installments.

HDFC Life Wealth Builder

Key features:

Life insurance cover for full policy term.
Pay a premium once and choose a maturity of five or 10 years.
Option to choose between eight funds with free switches.
50% mortality charge is returned on maturity.
Entry age is 8 years to 65 years.

HDFC Life Annuity And Pension Plans

HDFC Life Systematic Retirement Plan

Key features:

It is a limited premium deferred annuity plan.
Flexibility to choose premium payment terms, deferment period and benefit payout date.
Get guaranteed income for lifetime.
Receive annuity monthly, quarterly, half-yearly or yearly.
Option to select “Return of Total Premiums” in case of the death of a policyholder.

HDFC Life Smart Pension Plus

Key features:

Guaranteed annuity income for lifetime.
Pay premiums for a single or limited payment term.
Flexibility to choose from four annuity plan options.
Option of both single and joint coverage.
Single plan offering both immediate annuity and deferred annuity.

HDFC Life Pension Guaranteed Plan

Key features:

It is a single premium pension plan.
Option of single or joint life coverage.
Flexibility to select the purchase price and choose the annuity amount.
Choice to increase annuity payout anytime through top-up option.
Policy loan facility is available.

HDFC Life New Immediate Annuity Plan

Key features:

It is a conventional retirement plan with guaranteed returns.
Get “Return of Purchase Price” upon death or critical illness.
Select the payout frequency– monthly, quarterly, half-yearly, or yearly.
Get more benefit of higher annuity rates for large purchase prices.
Entry age is 18 to 99 years.

HDFC Life Saral Pension

Key features:

Low-cost traditional annuity plan which offers basic annuity options.
Receive annuity for lifetime.
Option of single and joint life annuity.
“Return of Purchase Price” option on death of the policyholder.
Get more benefit of higher annuity rates for large purchase prices.
No need for any pre-health screening for purchasing this plan.

HDFC Life Health Insurance Plans

Click 2 Protect Optima Restore

Key features:

It is a combination of term and health plan.
Option to choose coverage from three plan variations.
Add-on benefits such as restore benefit, multiplier benefit, and stay active benefit.
Waiver of premium on diagnosis of critical illness.
Special discounted rates for women and non-tobacco users.
Entry age is 18 years and 65 years.

HDFC Life Click 2 Protect Optima Secure

Key features:

It is a comprehensive plan which offers life and health cover.
‘Plus Benefit’ offers additional coverage irrespective of any claim.
Sum insured gets restored 100% automatically on its complete or partial exhaustion.
Coverage for non-medical expenses such as gloves, food charges and other consumables during hospitalization.

HDFC Life Cardiac Care

Key features:

Covers all heart-based issues such as heart stroke, bypass or any kind of heart surgeries.
Covers a total 18 ailments related to heart.
Fixed lump sum payout.
Option to make multiple claims for similar or different kinds of procedures.

HDFC Life Cancer Care

Key features:

Covers cancer at all stages.
Receive lump sum benefit upon detection of early and major cancer.
“Premium Waiver Benefit” in case of diagnosis of early stage cancer.
No medicals required to get this policy.
Option to receive a monthly income benefit for next five years.

HDFC Life Click 2 Protect Corona Shield

Key features:

Provides coverage for treatment costs related to Covid-19.
Get coverage up to INR 1 crore.
Lump Sum payout in case of death or terminal illness.
Coverage for hospitalization or home care treatment.
Option to cover the entire family under the same plan.

HDFC Life Easy Health

Key features:

Coverage for critical illness and surgeries.
Get a lump sum payout if you are diagnosed with any one of the 18 listed critical illnesses and or 138 surgical procedures.
Option to pay premium at once or as regular payment.
Benefits related to critical illness, surgical procedures and daily hospitalization cash benefit.

HDFC Life Child Insurance Plans

HDFC Life Click 2 Wealth – Premium Waiver Option

Key features:

It is a child insurance plan which combines insurance and investment benefits.
Option to choose between 11 funds with unlimited free switching.
Future premiums to be waived off in case of the unfortunate demise of the main policyholder.
Add 1% of annualized premium to your fund value for first five years
Refunds return of mortality charges (ROMC) on maturity.

HDFC SL YoungStar Super Premium

Key features:

Two variants: save benefit and save-n-gain benefit.
Invest in any or a combination of investment funds.
Option to customize your plan as per child’s future requirements.
Future premiums to be waived off in case of the unfortunate demise of the main policyholder.
Entry age is 18 years and 65 years.
Optional riders:
1. Income Benefit on Accidental Disability Rider
2. Critical Illness Plus Rider
3. Protect Plus Rider

HDFC Life Youngstar Udaan

Key features:

Traditional money back plan with three different payout options.
Single payout of up to 140% of sum assured along with additional bonuses, if declared on maturity.
Future premiums to be waived off in case of the unfortunate demise of the main policyholder.
Loan is available against the policy.
Entry age is 0 to 75 years.

How to Buy HDFC Life Insurance Policies Online?

Visit the official website of HDFC Life and select the category of insurance plan.
Go to the plan and click the “buy online” option.
At this stage, you can also calculate premium by selecting the tab.
Once you click “buy now” or “calculate premium”, you will be redirected to a different page which will ask you to fill pertinent information such as name, gender, date of birth, lifestyle habits, mobile number and email id.
Now, if you are fine with the premium and other details, you can proceed to buy the policy online by paying premium. Premium can be paid online via credit/debit card or e-wallets, net banking among others.

What is the Claim Settlement Process of HDFC Life Insurance Online?

You can easily file your claims online by accessing HDFC Life’s online or digital portal or via their mobile app. The claim settlement process is as follows:

Intimate your claim to the company and submit the necessary form and documents online.
HDFC Life will share an acknowledgement letter within 10 days of receiving the documents. Any further requirements will be informed.
The company’s claim settlement department will check the documents and shall start the claim settlement process within 24 business hours.

Whom to Connect with for HDFC Life Insurance Policies?

As we have already mentioned the online process of buying a policy, you can also buy or renew your policy by directly connecting with the company. Following are the details of their respective customer care:

Helpline Number 18002669777 Helpline Number 18002669777 E-mail buyonline@hdfclife.in
service@hdfclife.com Office Address Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011 WhatsApp Call 8291890569

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