Insurance Plans 10246 views July 19, 2019

HDFC Life Insurance Plans

HDFC life insurance company is a leading and topmost private insurance company in India. HDFC life insurance provides a wide range of life and term insurance plans to the policyholders for their family financial security. Customers looking for life insurance plans can choose from a host of individual and group insurance plans depending on their needs and budget. Check the below mentioned HDFC Life Insurance Company Plans in India

Term Insurance

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Individual Insurance Plan of HDFC Life Insurance Company India

The individual plans sold by the company may be grouped under several categories including:-

Protection Plans

Right now the company sells HDFC Life Click 2 Protect Plus, HDFC Life Click2Protect 3D Plus and HDFC Click 2 Protect Health at very reasonable rates to ensure that their customers can secure the lives of their loved ones against any sudden and unfortunate death.

Created with the idea to protect against the three uncertainties of life, viz., Death, Disability and Disease, this plan serves to provide all-around security at affordable premium prices.

Benefits of paying for HDFC protection plans include

1)Comprehensive security at all times, especially during trying times of financial insecurity

2)Affordable premium rates make it easier to pay for these plans

3)Ensures that the dependents of the deceased policyholder continue with the same standard of living even under adverse circumstances.

Retirement Plans

Saving enough for old age or planning for retirement is a must. These kinds of plans promise a regular flow of payments every year till the day the annuitant is alive. These include HDFC Life Personal Pension Plus, HDFC Life Click 2 Retire, HDFC Life Pension Guaranteed Plan, HDFC Life New Immediate Annuity Plan, and HDFC Life Pension Super Plus.

Eligibility Criteria Of Various HDFC Life Insurance Plans

HDFC Life Insurance PlansNature of InsuranceMin Entry Age (in yrs) Max Entry Age
(in yrs)
Maturity Age
(in yrs)
Minimum Sum Assured
(in Rs.)
Min Policy Term
(in yrs)
Max Policy Term
(in yrs)
Standard Life Insurance Term PlanLife Insurance18 yrs65 yrs75 yrs25,00,00010 yrs40 yrs
Endowment PlanLife Insurance18 yrs60 yrs75 yrs25,00,000
15 yrs30 yrs
Retirement PlanLife Insurance18 yrs65 yrs75 yrs2,00,00010 yrs40 yrs
Child PlanLife Insurance30 yrs60 yrs75 yrsAccording to age, term, premium, etc.15 yrs25 yrs

Savings Investments Plan
Life Insurance30 yrs 45 yrs70 yrs1,00,00015 yrs25 yrs

These plans serve best to ensure an annual income after one has retired. An essential element of retirement planning, these insurance policies not only tackle the rising inflation but also enable comfortable living throughout till death.

Benefits of paying for HDFC pension plans include

1)Minimum premium charges

2)Policyholders get eight fund options to choose from while making investments

3)Choice of policy period as per need

4)Tax benefits on both premiums paid and annuity received.

Health Insurance Plans of HDFC Insurance Company

These plans in addition to securing the lives of the company’s customers take care of their health too. These plans include the scope of an additional health cover to take care of medical expenses in the event of sudden hospitalization and consequent medical treatment. These include the HDFC Life Cancer Care Plan and the HDFC Life Health Assure Plan.

Availing necessary health cover is important though one must be careful about the features and benefits of the health insurance plans available in the market. However, buying HDFC health insurance plans contain benefits including:-

  • HDFC Ergo General Insurance Company is tied up with more than 9000 health care centres and hospitals across the country. This eases cashless treatment option
  • Toll-free customer care number for health insurance claim settlement
  • These plans cover both pre- and post-hospitalization expenses
  • Paper-less and hassle-free policy renewal process

Savings and Investment Plans of HDFC Insurance Company

Timely savings and investments are important too, which explains how buying these plans can ensure an added income option apart from the inherent feature of providing the benefit of the life insurance to the nominee(s) of the insured as a measure of financial security in case of unfortunate death. These include the HDFC Life Click2Invest ULIP, HDFC Life Sanchay, HDFC Life Super Income Plan, HDFC SL Crest, HDFC Life Classic Assure Plus, HDFC Life Super Savings Plan, HDFC Life ProGrowth Plus, HDFC SL ProGrowth Super II, HDFC SL ProGrowth Flexi, HDFC Life Sampoorn Samridhi Plus, HDFC Life Sampoorn Nivesh and HDFC Life Uday.

Savings and investments are better when one does with HDFC. This is because:-

  • Policyholders get the opportunity to invest from six different investment options.
  • The policyholders can choose from among different combinations of term insurance policies, premium paying terms and the benefits involved
  • Loan available on the plan to the extent of 80 percent of the plan’s surrender value
  • Tax benefits on both premiums paid and the claim amount.

Young Star Plans

The untimely death of parents can wreak havoc in children’s lives. More so, if they do not have access to any source of income. With these plans in place, parents can now secure the future of their children that ensure an amount in the event of unfortunate death of the policyholder. These include HDFC SL YoungStar Super Premium and HDFC Life YoungStar Udaan.

These plans are essentially unit-linked, which means that parents can secure their children’s growth through returns while ensuring them an added protection through life insurance. Policyholders can choose from four different fund options including:-

  • Income Fund

  • Balanced Fund

  • Blue Chip Fund

  • Opportunities Fund

Women’s Plans

Created with the idea to cater to varying needs of women at different stages of their lives, these plans include benefits essential to women’s financial security.

One of its kind, as no other insurance company has ever rolled out life insurance plans dedicated to women for their safety and growth. This market-linked plan financially secures during difficult times including pregnancy complications, cancer, etc. A sum assured equal to 40 times the yearly premium charges paid is one of the major benefits that these plans promise. Also, the policyholders avail Premium Waiver Benefit + Complete funding of the next three years’ premiums + Cash Payouts for the next three years in the event of children born with congenital disorder problems or cancer detection or death of the husband.

Group Insurance Plans Sold By HDFC Life Insurance Company

The group insurance plans are bought to cover all the members of a group by paying for a single policy at nominal premium rates. These plans include:-

  • HDFC Life Group Pension Plan

  1. HDFC Life Unit Linked Pension Plans
  2. HDFC Life Group Variable Employee Benefit Plan
  3. HDFC Life New Group Unit Linked Plans
  4. HDFC Life Group Term Insurance Plan
  5. HDFC Life Group Credit Protect Insurance Plan
  6. HDFC Life Group Credit Protect Plus Insurance Plan
  7. HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana Plan