HDFC Life is a company that was formed by the merger of India’s largest housing finance company – HDFC Ltd., and the globally renowned long-term investment savings firm – Standard Life. It is a private company that provides long term insurance services to its customers. Founded in the year 2000, the company is headquartered in Mumbai, India. With a presence in over 980 cities in India, the insurance products that the company offers include savings, pension, investment, health, and a number of other plans that cater to women and children.
Establishing itself as one of the most trusted insurance companies in the country, HDFC Life offers a number of life insurance plans to individuals and groups.
HDFC Standard Life is well known for the wide array of life insurance plans that it offers to its customers. From term plans to unit linked policies, HDFC life insurance plans offer great features and benefits. Life insurance by HDFCcomes with competitive premium rates and is designed to suit the varied needs of the customers. This segment includes protection plans, health plans, retirement plans, saving and investment plans, and plans for women and children. Some of the most popular plans by HDFC life insurance include:
Plan Name : HDFC Life Protection Plans: HDFC Life Click 2 Protect Plus
About the plan
This is a comprehensive protection plan that is available at an affordable price, and offers protection to you and your loved ones through the uncertainties of life. You can choose the cover to be offered, based on your needs and requirements.
Plan Name : HDFC Life Savings and Investment Plans: HDFC Life Classic Assure Plus
About the plan
The Classic Assure Plus is a plan that offers both investment and insurance benefits and helps the insured develop their money, to be able to meet future requirements. The term for premium payment may range from 7 to 10 years. The plan also offers an assured bonus and insurance coverage throughout the term of the policy.
Plan Name : HDFC Life Retirement Plans: HDFC Life Personal Pension Plus
About the plan
The Personal Pension Plus plan by HDFC Life can be taken on a single life basis and offers a death benefit of about 101% of the premiums that the policy holder pays.
A claim for a life insurance by HDFC needs to be put in by the beneficiary or nominee under the policy. The steps to put in the claim are as follows:
The documents that generally need to be submitted to the company for a claim include:
Additional documentation may be requested on a case to case benefit.
HDFC Life has been operating for quite some time in the Indian market, and has managed to garner itself a reputation for being one of the most trusted insurance companies in the country. The company has a claim settlement ratio of 96.54% and has a presence in 980+ cities in the country to provide products and services to customers everywhere.