HDFC 1 Crore Life Insurance Policy

A HDFC 1 crore life insurance plan is designed to give your family strong financial protection by ensuring they receive ₹1 crore in case of your unfortunate death. This coverage amount helps your loved ones manage major expenses such as home loans, children’s education, daily living costs and long term goals without financial stress. If you are looking for a high-value term plan with affordable premiums, easy online purchase, and reliable claim settlement, an HDFC 1 crore life insurance policy is one of the most trusted options in India.

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Features of the HDFC 1 Crore Life Insurance Policy

HDFC 1 Crore Life Insurance policy is a type of life insurance plan available in the life insurance market. Let us take a look at some of the key features of this policy:

Easy to Buy
The HDFC life insurance policy can be purchased online within minutes, with minimal paperwork and a simple verification process.
High Claim Settlement Record
HDFC Life maintains a strong claim settlement ratio, reflecting quick and reliable claim support for families. Most natural and accidental death cases are covered.
Wide Sum Assured Range
You can choose a cover starting from ₹10 lakh and going up to ₹1 crore, allowing you to match the plan with your financial goals.
Flexible Entry Age
Anyone between 18 and 65 years old can buy this policy, making it suitable for both young earners and mid-career individuals.
Multiple Policy Terms
Choose a policy term of 10, 15, 20, 25, 30 or even 40 years based on how long you want protection.
Accidental Death Benefit Rider
By adding this rider, your nominee receives an extra payout if death occurs due to an accident.
Monthly Income Payout Option
Instead of receiving the entire cover at once, your nominee can opt for a mix of lump sum and monthly income for up to 15 years, ensuring steady financial support.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Eligibility Criteria of HDFC Life 1 Crore Insurance Plan

HDFC has set certain eligibility criteria for the HDFC 1 Crore Life Insurance Plan which you must meet to buy the policy:

Age Limit
The minimum age limit for the policy buyer is 18 years, while the maximum age limit is 65 years.
Maturity Age
HDFC has set the policy maturity age mark as 75 years.
Coverage Tenure
The minimum tenure period is 10 years, while the maximum tenure period is 40 years.

Benefits of HDFC 1 Crore Life Insurance Policy

Here are the benefits provided by the HDFC 1 Crore Life Insurance Policy:

Financial Protection for Your Family
If the policyholder passes away during the policy term, the nominee receives the full ₹1 crore cover. This payout helps manage ongoing expenses, debts and future goals.
Pure Term Plan
HDFC 1 Crore is a pure protection term insurance plan, so it doesn't offer maturity or survival benefits. The entire focus is on providing maximum life cover at an affordable premium.
Flexible Death Benefit Calculation
The payout structure depends on the premium option you choose:
- Single premium: Nominee receives the assured sum plus 125% of the single premium.
- Regular or limited premium: The nominee receives the assured sum plus the higher of 105% of the total premiums paid or 10 times the annual premium.
Tax Benefits on Premiums
Premiums paid for the policy qualify for deductions under Section 80C of the Income Tax Act.
Tax-Free Payout
The death benefit received by the nominee is exempt from tax under Section 10(10D), ensuring they get the entire amount without deductions.

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What Factors to Consider Before Buying an HDFC 1 Crore Life Insurance Plan?

Annual income
Your cover should ideally be 10–15 times your yearly income. If you earn around ₹10–15 lakh per year, a ₹1 crore sum assured usually fits well.
Family’s financial dependence
If you are the sole or primary earner, the payout should be enough to maintain your family’s lifestyle, pay bills and manage long-term needs.
Existing loans and liabilities
Home loans, car loans and personal loans should be factored in. The cover should be large enough to clear these debts so they don’t fall on your family.
Future financial goals
Think ahead to children’s education, marriage costs and your family’s long-term security. A ₹1 crore cover can help secure these goals in your absence.
Age and premium affordability
Premiums rise with age. Buy earlier for lower rates and long-term affordability.
Health and medical history
Good health means lower premiums. Your medical check-up and lifestyle choices will affect the final premium.When comparing options to choose the best life insurance plan for 1 crore, look at claim records, rider availability, premium flexibility and how quickly your insurer processes claims.

How to Buy a HDFC 1 Crore Life Insurance Policy?

The complete HDFC 1 Crore Life Insurance policy purchase procedure consists of the following steps:

Step 1: Filling up the policy proposal form.

Step 2: Payment of the insurance premium.

Step 3: Confirmation of the premium payment from HDFC.

Step 4: HDFC will analyze your document profile and ask for any other document(s) if needed.

Step 5: Once you fulfil all the requirements, HDFC credits the 1 crore life insurance policy in your name.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

Calculate Your Premium Before Buying

Use a 1 crore life insurance policy premium calculator before buying the plan. It quickly shows your estimated premium based on your age, health and policy term. This helps you know the exact cost and choose a cover that fits your budget.

Documents Required

To apply for the HDFC 1 Crore Life Insurance policy, you’ll need the following documents:

PAN Card ( If you don't have a PAN, you can submit Form 60.)
Recent Passport-size Photograph
Identity Proof, such as:
- PAN Card
- Passport
- Voter ID
- Government-issued ID card
Address Proof, such as
- Aadhaar Card
- Passport
- Voter ID
- Ration Card
Age Proof, such as:
- Aadhaar Card
- Passport
- PAN Card
- Birth Certificate
- Driving Licence

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FAQs

Does HDFC conduct any medical test of the policy buyer?

The health examination depends on the health status of the policy buyer. HDFC may or may not conduct the medical examination. However, the medical examination consists of small tests like blood tests, sugar tests, etc.
Do hazardous habits such as smoking or drinking affect the HDFC 1 Crore life insurance policy terms?

Yes, as hazardous habits such as smoking and drinking bring more risk to your life, policy terms such as premium and tenure may change in such cases.
Is it possible for an existing policyholder to buy more than one policy?

Yes, it solely depends on your decision to buy more than one policy. If you think you can afford and need one more insurance policy, go for it.
Do I have to pay tax on the money received as insurance cover?

No, under the Income Tax benefits, you do not have to pay any tax on the money received as insurance cover from the life insurance policy.
How long does the HDFC 1 Crore Life Insurance policy procedure take?

The whole policy buying procedure for the HDFC 1 Crore Life Insurance policy generally takes 7-10 working days.
What is the premium for 1 crore HDFC term insurance?

The premium for a 1 crore HDFC term plan depends on age, health, smoking status and policy term. For a healthy non-smoker in their late 20s or early 30s, premiums usually start from around ₹500–₹900 per month. Older applicants or smokers will pay more.
What is the interest of 1 crore in HDFC?

Term insurance doesn’t earn interest. A 1 crore term plan only pays the sum assured to your nominee if you pass away during the policy term. If you’re looking for returns or maturity value, you’d need to explore savings or investment-linked plans instead.
What is a 1 crore life insurance policy?

A 1 crore life insurance policy provides a life cover of ₹1 crore. If the policyholder dies during the policy period, the insurer pays ₹1 crore to the chosen nominee. It’s designed to offer long-term financial security to the family by replacing income, clearing debts and covering future expenses.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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