Policy Term	Pay Premium for	Total Premium paid^{^}	Total Savings^#
40 years	40 years	7.03 lakhs	0(0%)
40 years	30 years	5.89 lakhs	1.14 Lakhs(16%)
40 years	20 years	4.84 lakhs	2.19 Lakhs(31%)
40 years	10 years	3.90 lakhs	3.12 Lakhs(44%)
40 years	5 years	3.14 lakhs	4.84 Lakhs(61%)

1-Day Claim Settlement

is available for the following:

. . . . . . . . . . . . . . . . . .

Cumulative claim amount on all policies up to ₹2 crores
1 day claim settlement is exclusively available for policies bought online
Claim does not require field investigation
All requisite documents^# submitted by the nominee before 3 PM on a working day at HDFC Life branches. Intimations beyond 3 PM will be taken up the next business day
HDFC Life will pay an interest^{^} on your death claim amount for every day of delay beyond one working day

T&C Apply

1) For all claims^* fulfilling above mentioned conditions, provided we receive all the required documents, the claim will be processed within one working day and decision will be communicated accordingly. 2) Investigation / Open title / Rival / Court involved Claims are excluded. 3) Policy duration at the time of event is at least >=3 years. 4) Saturday, Sunday, public festivals and non-NAV days (for ULIP) are excluded (not treated as a working day)
^Interest rate would be at 6.25%per annum.

#Documentation Details

Claim form, Nominee photograph, Pan card copy, Identity and Address proof of nominee. (If nominee is minor, documents of appointee to be submitted). Death certificate issued by competent authority for death registrations. Medical cause of death certificate. Cancelled cheque/copy with the name of nominee/appointee mentioned on it as per the passbook of the nominee/appointee. Past & current complete medical records including discharge/death summary, indoor case papers, investigation reports, consultation notes. In case of an accidental death, additional documents will be required. Post Mortem Report, Panchnama, Police Inquest report, First/Final Information report, Viscera/Chemical Analysis report.

We need a few details to recommend suitable plans for you

Your Goal of Investment
Wealth Generation
Your risk appetite level
Medium
Insurance policies you own
Nil
Annual Income
10 lakhs to 25 lakhs
Marital Status
Married with dependent Kids
Age Group
26 to 35 years

Below are the 3 options that are recommended for you

HDFC Life Sanchay Plus

It is a non-participating, non-linked, savings plan that offers guaranteed returns for you and your family.

Choose Plan Download Brochure

HDFC Life Click 2 Wealth

A Unit Linked, Non Participating, Life Insurance plan that offers market linked returns, charges minimally, provides valuable financial protection for you and your family

Choose Plan Download Brochure

HDFC Life Sanchay Par Advantage

It is a participating life insurance plan that provides an option to avail cover for whole of life (till the age 100 years) and helps generate a regular income and build a corpus to achieve the planned goals.

Choose Plan Download Brochure

View Other plans

Below are other plan options available for you

You may continue to purchase the below product(s) based on your independent assessment of the risks, merits and suitability.

HDFC Life Sampoorn Nivesh Plus

A ULIP with multiple benefit options for your financial requirements & insurance needs.

Choose Plan Download Brochure
HDFC Life Smart Protect Plan

A Unit Linked Life Insurance Plan, that addresses your long-term savings needs and also provides you protection in the form of a life cover.

Choose Plan Download Brochure
Sanchay Maximiser

A savings combo solution which helps you achieve your goals & live an uncompromised life, even after retirement, and also ensures that you leave behind a legacy for your family.

Choose Plan Download Brochure
HDFC Life Click 2 Invest

A ULIP that offers you market linked returns along with valuable financial protection for your family

Choose Plan Download Brochure
HDFC Life Pension Guaranteed Plan

A Single premium non-participating annuity product which provides a regular guaranteed income for lifetime.

Choose Plan Download Brochure
HDFC Life Systematic Pension Plan

It is a Non-Linked, Participating, Individual, Savings, Pension Plan that helps you build a corpus for retirement so that you can live a comfortable life post retirement.

Choose Plan Download Brochure
HDFC Life Click 2 Protect Life

An intelligent term plan that provides benefits as per your changing age and life style needs and helps you truly stay protected.

Choose Plan Download Brochure
HDFC Life Guaranteed Pension Plan

A retirement plan designed to help you build and secure your fund to enjoy the post retirement income.

Choose Plan Download Brochure
Click 2 Protect Health

A life and health insurance plan that gives your family all-round protection

Choose Plan Download Brochure
HDFC Life Click 2 Retire

An online ULIP that offers market linked returns with minimal charges and helps you achieve your retirement goals.

Choose Plan Download Brochure
HDFC Life Guaranteed Savings Plan

A Plan which helps you create a corpus for your life goals by offering a guaranteed lump sum at maturity and protects your life goals from eventualities through a life insurance cover.

Choose Plan Download Brochure
HDFC Life Sanchay Fixed Maturity Plan

It is a Non-Participating, Non-Linked Individual Savings insurance plan for single/joint life with lumpsum benefit payable on Maturity. This plan provides guaranteed benefits along with flexibility to choose your investment term.

Choose Plan Download Brochure
HDFC Life Guaranteed Income Insurance Plan

HDFC Life Guaranteed Income Insurance Plan provides a guaranteed regular income to help you boost your life style.

Choose Plan Download Brochure
HDFC Life Saral Jeevan

It's a non-linked, non-participating life cum Savings insurance plan that provides life insurance cover during the policy term and Guaranteed Sum Assured on maturity to help meet your necessities.

Choose Plan Download Brochure
HDFC Life Smart Income Plan

HDFC Life Smart Income Plan is Non-Linked, Participating Individual Life Insurance Savings Plan that provides Guaranteed Income Benefit during the income payout term with 2 benefit options: Enhanced Maturity and Enhanced Income to choose from, at the inception of the policy.

Choose Plan Download Brochure
HDFC Life Guaranteed Wealth Plus

HDFC Life Guaranteed Wealth Plus is a Non-Linked, Participating Individual Life Insurance plan that provides financial security to your family in your abscence and also long term guaranteed returns to help you fulfill your dreams.

Choose Plan Download Brochure
HDFC Life Assured Gain Plus

HDFC Life Assured Gain Plus is a traditional insurance-cum-investment plan in which you pay for just 5 years and enjoy life cover over the full policy term.

Choose Plan Download Brochure
HDFC Life Smart Pension Plan

HDFC Life Smart Pension Plan is a Unit Linked Individual pension plan that helps you save along your working years and build a retirement corpus to prepare for retirement.

Choose Plan Download Brochure
HDFC Life Click 2 Achieve

It's a non-linked, non-participating life cum Savings insurance plan that provides life insurance cover during the policy term and Guaranteed Sum Assured on maturity to help meet your necessities.

Choose Plan Download Brochure
HDFC Life Sampoorna jeevan Plan

HDFC Life Sampoorna jeevan is a unique Life insurance cum savings plan,which not only provides life insurance cover till age 75 or 100 years but also gives you the power to customize the payouts to suit your changing life stage financial needs.

Choose Plan Download Brochure
HDFC Life Smart Protect Plan

A Unit Linked Life Insurance Plan, that addresses your long-term savings needs and also provides you protection in the form of a life cover.

Choose Plan Download Brochure
HDFC Life Click 2 Achieve Par Advantage

This is An Individual Non-Linked, Participating, Savings Life Insurance Plan designed to align and safeguard your loved ones futures and to attain your financial objectives.

Choose Plan Download Brochure
HDFC Life Smart Advantage Plus

A combo solution which offers a secured sum for the customer's future plans and an opportunity to maintain your life cover and invest in market linked funds.

Choose Plan Download Brochure
HDFC Life Sanchay Aajeevan Guaranteed Advantage

A Non-Linked, Non-Participating Individual Savings Pension Plan designed to help you achieve financial independence and secure your future goals.

Choose Plan Download Brochure

Prev Next

Accident:

Sudden, unforeseen and involuntary event caused by external, visible and violent means.

Accidental & Total Permanent Disability(ATPD):

When the Life Assured is totally, continuously and permanently disabled *
* Please read the product brochure for complete details specific to your policy.

Accidental Death:

Death by or due to a bodily injury caused by an Accident, independent of all other causes of death.

Agent:

Insurance company representative licensed by the state who solicits, negotiates or effects contracts of insurance, and provides service to the policyholder for the insurer.

Annualized Premium:

Annualized premium shall be the premium amount payable in a year excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Annuity:

Periodic payments made by the insurer to the Annuitant for a specified period or till survival.

Annuity benefits:

A series of payments payable at regular intervals, in return of a certain sum paid upfront, under an annuity contract.

Appointee:

The person who is authorized to receive the Sum Assured when the Nominee is a minor.

Assignee:

The person to whom the policy ownership (rights and benefits) is transferred.

Assignment:

A provision wherein the Policyholder can assign or transfer a Policy in accordance with Section 38 of the Insurance Act, 1938.

Assets under Management (AUM):

The total value of Shareholders & Policyholders investments managed by the insurance company.

Authority/ IRDAI:

Insurance Regulatory and Development Authority of India.

Beneficiary:

The person named in the policy to receive the insurance proceeds at the death of the insured.

Cash Bonus:

The bonus amount paid out to the policy holder at specified frequency, as applicable. However, there is No guarantee to the declaration of future rates of the bonus.

Charges:

The amount taken by the insurer towards your insurance cover. These are usually associated with ULIP policies. The % and type of charge depends on different products.
Some of them are Premium Allocation Charge, Policy Administration Charge,Fund Management Charge, Mortality Charge, Premium Redirection Charge, Statutory Charge, Switching Charge, Partial Withdrawal Charge, Discontinuance ChargeThe amount taken by the insurer towards your insurance cover. These are usually associated with ULIP policies. The % and type of charge depends on different products.

Claimant:

The person who is raising the claim request.

Claim:

It is the amount paid by the insurer to the claimant on occurrence of the event as specified in the policy contract eg: The amount that nominee receives on death of life assured is the claim amount.

Claims Process:

It is the intimation of the claimant to the insurer to initiate the settlement of the policy.

COI:

The document issued to the scheme member in group products which contains terms and conditions applicable to the product.

Critical Illness(CI):

Additional cover Is given in case of detection of specified critical illnesses*
*The list is defined in the product brochure. Please read it carefully.Additional cover Is given in case of detection of specified critical illnesses*.

Cut-off time:

The time by which we must have accepted your instructions to invest in, or encash Units from a Fund,at the associated valuation time. As per Regulations, the current Cut-off time is 3.00pm. This is usually applicable to ULIP policies.

Date of Inception:

The date on which the policy was first issued.

Date of Risk Commencement:The date from which the insurance cover starts.

Death Benefit:

The amount which is payable on death of life assured.

Deferment Period:

period from date of inception of the cover till the date on which the first annuity payment is made by the insurer to the Annuitant. This can be chosen by the Annuitant basis his financial needs.

Discontinuance of Policy:

The Policy wherein the Policyholder has discontinued the payment of Premium

Effective Date:

The date from which the Scheme shall first commence as set out in the Policy Schedule.

Endowment Plan:

An insurance policy, that apart from providing life coverage, also pays a lumpsum amount on maturtiy in case the policyholder sruvives the specified term. It pays the full sum assured to the nominees in case of the insured passes away.

Exit Date:

Date on which the coverage stops due to occurrence of any of the following events:
i. Death,
ii. Policy being terminated or lapsed.
iii. Free Look Cancellation.
iv. Payment of Maturity benefit.
v. Surrender.

Extra Life Sum Assured:

The additional sum assured that is paid to nominee in case of death of life assured due to accident**.
This depends on the product. Please read the brochure for complete details.
The additional sum assured that is paid to nominee in case of death of life assured due to accident*.

First year premium:

Premium received during the first year of the contract.

Free Look period:

The specified period during which the policyholder can review the terms and conditions of the Policy and has the option to return the Policy and receive refund.

Frequency of Premium Payment:

It indicates the schedule of your premium payments. eg:
every month (monthly),
once in 3 months (quarterly)
once in 6 months (half-yearly)
once in a year (annually)
one time payment (single)It indicates the schedule of your premium payments eg:
every month (monthly),
once in 3 months (quarterly)
once in 6 months (half-yearly)
once in a year (annually)

Fund Value, Unit Fund Value:

The value obtained by multiplying the number of Units allocated to your Policy by the corresponding price of the Units. This is usually applicable for ULIP products
For eg: No of units - 10, Unit price of each unit - 50
therefore, fund value = 10 * 50 = 500The value obtained by multiplying the number of Units allocated to your Policy by the corresponding price of the Units. This is usually applicable for ULIP products.

Funds:

Each of the Funds earmarked by the Company for Unit Linked business and available to this product

Grace Period:

Extra days allowed to pay the premium post the premium due date without any loss of continuity of benefits. It is 15 days for monthly frequency and 30 days for remaining frequencies.

Group Insurance:

Life insurance usually without medical examination, on a group of people under a master policy. It is typically issued to an employer for the benefit of employees, or to members of an association.

Hospitalisation:

Admission in a Hospital for a minimum period of 24 consecutive In-patient Care hours except for specified procedures/ treatments, where such admission could be for a period of less than 24 consecutive hours.

Injury:

Accidental physical bodily harm excluding Illness or disease solely and directly caused by external, violent and visible and evident which is verified and certified by a Medical Practitioner.

In-patient Care:

Treatment for which the insured person has to stay in a Hospital for more than 24 hours for a covered event.

Intensive Care Unit (ICU):

Ward or wing of hospital which is specially equipped for the continuous monitoring and treatment of patients who are in a critical condition, or require life support facilities Ward or wing of hospital which is specially equipped for the continuous monitoring and treatment of patients who are in a critical condition, or require.

Interim bonus:

The bonus that is paid in the event of a claim(maturity, death or surrender) of a participating policy, for the period from the last declared bonus date. This is paid to provide for the policyholder's share of bonus from the last declared date till the date eligible for bonus, when the claim is payable.

Keyman Insurance:

The life insurance policy taken by an employer on the life of another person who is or was his employee/connected to his business in any manner whatsoever.

< Previous Next >

Disclaimer:To read the complete definitions as stated by IRDAI and displayed across this website, you can refer the specimen policy documents here: https://www.hdfclife.com/policy-documents

Benefits / Plan Option	Life Protect	Life & CI Rebalance	Income Plus
Life Cover (Lumpsum)
Critical Illness Cover (Lumpsum)
Critical Illness Cover (Waiver of Premium)	(Available at Extra Cost)	(In-built feature)
Monthly Income
Accidental Death (Additional Cover)	(Available at Extra Cost)
Return of Premium	(Available at Extra Cost)	(Available at Extra Cost)	(In-built feature - For Fixed term)
Whole Life

Benefits \ Plan Option	Life Protect	Insta Protect	Life & CI Rebalance	Income Plus
Life Cover (Lumpsum)
Critical Illness Cover (Lumpsum)
Critical Illness Cover (Waiver of Premium)	(Available at Extra Cost)
Monthly Income
Accidental Death (Additional Cover)	(Available at Extra Cost)
Return of Premium	(Available at Extra Cost)	(Available at Extra Cost)	(Available at Extra Cost)	(In-built feature - For Fixed term)
Whole Life

We need a few details to calculate your pension. Shouldn't take more than few minutes! View Product Features

Key Product Features

Guaranteed Benefit

Flexible Payout Options

Multiple Annuity Options

Annuity Deferment Option

We need a few details to recommend suitable plans for you

Below are the 3 options that are recommended for you

HDFC Life Sanchay Plus

HDFC Life Click 2 Wealth

HDFC Life Sanchay Par Advantage

Below are other plan options available for you

HDFC Life Sampoorn Nivesh Plus

HDFC Life Smart Protect Plan

Sanchay Maximiser

HDFC Life Click 2 Invest

HDFC Life Pension Guaranteed Plan

HDFC Life Systematic Pension Plan

HDFC Life Click 2 Protect Life

HDFC Life Guaranteed Pension Plan

Click 2 Protect Health

HDFC Life Click 2 Retire

HDFC Life Guaranteed Savings Plan

HDFC Life Sanchay Fixed Maturity Plan

HDFC Life Guaranteed Income Insurance Plan

HDFC Life Saral Jeevan

HDFC Life Smart Income Plan

HDFC Life Guaranteed Wealth Plus

HDFC Life Assured Gain Plus

HDFC Life Smart Pension Plan

HDFC Life Click 2 Achieve

HDFC Life Sampoorna jeevan Plan

HDFC Life Smart Protect Plan

HDFC Life Click 2 Achieve Par Advantage

HDFC Life Smart Advantage Plus

HDFC Life Sanchay Aajeevan Guaranteed Advantage

This site best viewed at 1366 px x 768 px using the latest Firefox, IE, Chrome, Safari versions.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

Connect With Us