HDFC Life
HDFC Life offers a wide range of insurance and investment plans, including term, health, retirement, and ULIP plans, with a high claim settlement ratio of 99.5% for FY 2023-2024.
Term Insurance Plans by HDFC Life
HDFC Life offers a variety of term insurance plans tailored to meet different needs. These include HDFC Life Click 2 Protect Super, HDFC Life Click 2 Protect Elite, and HDFC Life Click 2 Protect Life. The policy terms range from 30, 35, to 40 years. Coverage options vary, with policies providing amounts from 1 Crore to 2 Crore. The company also offers specialized term insurance plans for NRIs, women, self-employed individuals, and housewives. Additionally, HDFC Life provides term insurance plans for various salary brackets, along with a term insurance calculator to help customers estimate their premiums.
Investment and Savings Plans
HDFC Life provides a range of investment plans, including savings plans, Unit Linked Insurance Plans (ULIPs), and child plans. Notable ULIP offerings include HDFC Life Sampoorn Nivesh, HDFC Life Click 2 Invest ULIP, and HDFC Life Click 2 Wealth. These plans are designed to help policyholders achieve their financial goals with potential market-linked returns. Specialized investment plans are also available for Non-Resident Indians (NRIs), ensuring a broader reach and service to overseas customers.
Retirement and Annuity Plans
HDFC Life offers comprehensive retirement and annuity plans to secure the financial future of its customers. Key offerings include the HDFC Life Systematic Retirement Plan, HDFC Life Pension Guaranteed Plan, and HDFC Life Smart Pension Plus. For NRIs, the company provides a QROPS (Qualifying Recognized Overseas Pension Scheme) solution to facilitate the transfer of UK pension funds to India. The variety of QROPS plans includes the HDFC Life Pension Guaranteed Plan and HDFC Life Smart Pension Plan.
Health and Group Insurance Plans
HDFC Life's health insurance offerings include specialized plans such as HDFC Life Cardiac Care and HDFC Life Cancer Care to provide financial support during critical illnesses. The company also offers group insurance plans like HDFC Life Group Poorna Suraksha and HDFC Life Group Credit Protect Plus, catering to the needs of businesses and organizations. These group plans offer extensive coverage to employee groups, enhancing their overall benefits package.
Claim Settlement and Customer Services
HDFC Life has a claim settlement ratio of 99.5% for the fiscal year 2023-2024, honoring the same percentage of individual claims during this period. The company prides itself on efficient claims processing, offering same-day processing for individual claims that have been in force for over three years, within 24 business hours. For added convenience, HDFC Life provides various tools and calculators, including an income tax calculator, retirement calculator, pension calculator, term insurance calculator, and ULIP calculator. Customers can also take advantage of the HDFC Life mobile app to buy plans, track policies, make renewal payments, and monitor fund performance.