HDFC Life Term Insurance Plans

HDFC Life Insurance offers a comprehensive range of term insurance plans to their customers that help them financially secure the future of their loved ones in case of the unforeseen demise of the breadwinner. The HDFC term plans provide high coverage at low premium rates. Also, policyholders can choose to customize the coverage in order to meet their specific needs with the help of various riders such as waiver of premium, accidental death benefit rider, critical illness cover, etc.

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HDFC Life Term Insurance Plans

HDFC Life Insurance offers a comprehensive range of term insurance plans to their customers that help them financially secure the future of their loved ones in case of the unforeseen demise of the breadwinner. The HDFC term plans provide high coverage at low premium rates. Also, policyholders can choose to customize the coverage in order to meet their specific needs with the help of various riders such as waiver of premium, accidental death benefit rider, critical illness cover, etc.

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Why Should You Buy HDFC Life Term Insurance?

HDFC term insurance plans provide your family with the necessary financial protection during your unfortunate demise. These plans provide a death benefit to your loved one in case you, untimely, pass away during the policy tenure. This death benefit payout can help your family maintain their financial freedom and pay off any remaining loans or obligations. Here is a list of reasons why buying an HDFC term plan might be a good idea for you:

Buy online & get a 1% discount ‘throughout your policy term
Premiums returned on survival till maturity with Return of Premium option
High claim settlement ratio of 99.07%
24 hr claims settlement with dedicated Claims Relationship Office
Covers death due to any pandemic such as COVID-19
Option to avail cover for Whole of Life
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HDFC Life Term Insurance Plans

HDFC life insurance offers a variety of term insurance plans that are designed to fit the different needs of customers. Let us take a brief look at the various HDFC term plans available in India:

Critical Illnesses Covered Under HDFC Term Insurance

The HDFC term critical illness rider, offers comprehensive coverage against a series of life-threatening diseases and illnesses such as heart stroke, cancer, and kidney failure. The payout received from this rider can help you pay off any treatment costs and hospital bills that may arise due to the diagnosis of the critical illness. The rider covers illnesses of varying severity from specific stages of Cancer, Open Chest CABG, and End Stage Liver or Lung diseases. Here is a list of all the critical illnesses covered under HDFC term plans.

Cancer of Specified SeverityMyocardial infarction – First heart attack of specific severityOpen Heart Replacement or Repair of Heart Valves
Kidney Failure Requiring Regular DialysisMajor Organ/ Bone Marrow TransplantCoronary Artery Bypass Graft (Open, Keyhole or minimally invasive or Robotic Cardiac CABG)
Multiple Sclerosis with persisting symptomsStroke resulting in permanent symptomsComa of specific severity
Permanent Paralysis of LimbsMotor Neuron Disease with Permanent SymptomsBenign Brain Tumor
BlindnessDeafnessEnd stage lung failure
End stage liver failureLoss of SpeechLoss of Limbs
Major Head TraumaPrimary (idiopathic) pulmonary hypertensionThird Degree Burns
Alzheimer’s DiseaseAplastic AnaemiaMedullary Cystic Kidney Disease
Parkinson’s DiseaseSystemic Lupus Erythematosus (SLE) with Lupus NephritisApallic Syndrome
Major Surgery of AortaBrain SurgeryFulminant Viral Hepatitis
CardiomyopathyMuscular dystrophyPoliomyelitis
PneumonectomySevere Rheumatoid ArthritisProgressive Scledorma
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HDFC Life Term Plan Riders

HDFC term plans offer several important term insurance riders that you can include in the base term plan to enhance its coverage. These riders can be added at an additional cost payable along with the base premiums to get comprehensive coverage against the eventualities of life. Here are all the riders you can avail of with HDFC term insurance plans:

Following is a list of riders that includes different riders offered by HDFC Life Insurance;

Extra Payout on Accidental death (paid)Extra Payout on Accidental Disability (paid)
Cover against 19 critical illnesses (paid)Waiver of Premium On Critical Illness (paid)
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How Much Term Cover Do I Need?

To calculate the right sum assured that will sufficiently cover your family’s financial needs in your absence, you should use a Human Life Value Calculator. The HLV calculator estimates the life cover amount you are eligible to purchase depending on your current annual income and age. As per the insurance experts, the ideal life cover for your term life insurance should be at least 15 to 20 times the annual income at the time of policy purchase. 

So for example, if you currently earn 9 LPA and are 27 years old, if you do not have any other active life insurance, then you are eligible to buy term plan for Rs. 2.25 Crores of sum assured. In case you buy term insurance with Rs. 2.25 Crores as the sum assured, then this is the amount that will be paid to your family in case of your unfortunate death. Your family will be able to use this amount to pay for the child’s higher education and fulfill their lifelong goals like buying a house.

Here is a quick and easy way to calculate your HLV. All you need to do is enter your current age, annual income, and if you have any existing life cover.

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Choose the Right Sum Assured Option

It is important to choose the right sum assured for your term plan to ensure your family is able to take care of their financial needs in your absence. Let us take a look at some of the sum assured options you can choose to secure your family.

HDFC Life1 Crore
Term Insurance
HDFC Life2 Crore
Term Insurance
HDFC Life5 Crore
Term Insurance
HDFC Life75 Lac
Term Insurance
HDFC Life70 Lac
Term Insurance
HDFC Life50 Lac
Term Insurance

Term Insurance Premium Calculator

Our term life insurance calculator in india can help you calculate the following:

Know more about HDFC Life Term Insurance Plans
Types of term plans

Policybazaar offers the following types of term insurance plans to fit the different needs of Individuals from all walks of life.

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HDFC Life Term Insurance Plans Reviews & Ratings

4.4 / 5 (Based on 36 Reviews)
(Showing Newest 10 reviews)
Om
, September 02, 2021
Remarkable educative experience
It was my first time buying a term insurance plan. Policy bazaar provided me with a remarkable educational experience as I learned about the quotes generating factors, type of claims, rider facilities and so on. Ultimately I purchased HDFC Life Saral Jeevan Bima for my family.
Arun
Atarsumba, February 16, 2021
Quick and subtle
My life has become hassle free when I bought the term insurance plan from the policybazaar. The customer care team of policybazaar is really good. Thank you so much team.
Amrish
Aul, February 16, 2021
Rider benefits
I availed the rider benefits when I bought the HDFC life term insurance plans. I got it very easily and it has enhanced my term insurance plan. I am happy.
Lekhak
Auraiya, February 16, 2021
Safety shield
My term insurance plan is like a safety shield for me and my family. I bought the hdfc life insurance plan from policybazaar. It has more advantages and my life has become so settle and best. Thanks.
Prabhjot
Anjar, September 06, 2016
Worthy Insurance
My friend suggested me a insurance policy which is very nice and has some new features. I buy hdfc term insurance policy in very convenient price. The terms and conditions of the policy is nice and flexible. Policy coverage is high and claims are simple to sanctioned. Service is fantastic with good behaviour.
Bhupesh
Haridwar, July 20, 2016
Quality Investment Plan
HDFC standard life insurance is the insurer provides me the term insurance plan in very low investments. Policy cover maximum expenditure and the claims are high which can be sanctioned easily. Updates regarding policy is mailed to me regularly.
Gaurav
Fatehgarh, July 20, 2016
HDFC Term Policy
The hdfc life insurance is one of the best insurance plan, it has maximum coverage and it facilitate the service which is on time. Claiming procedure is very easy due to fast service facilitate by the executives and staff of the company.
Hitesh
Kiratpur, July 20, 2016
Best Term Policy
HDFC term plan is the best insurance policy among all other because it provides much more benefits in low premiums. The online service is very nice and online renewals and updates are easily visit. The executives respond very well and claiming is so simple because of this.
Abhishek
Latur, July 20, 2016
Good Policy Coverage
The insurance i have is hdfc term insurance, it have high policy coverage ~89% and the claims are even better. Service facilitate is awesome and the renewals can be done by online portal service which is very simple to use and anybody can access it.
Sandeep
Dava, July 20, 2016
Term plan
My hdfc life term plan is fantastic with some good benefits like low premiums and high coverage. The service facilitate by the staff members of the company is fast and on time. Claiming get easy due to fast service.
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