HDFC Life Insurance 5-Year Plan: A Comprehensive Overview

Life insurance is an essential financial tool that provides security, stability, and peace of mind. Among the various offerings from HDFC Life, a 5-year insurance plan effectively ensures financial protection for policyholders and their families over a medium-term period. Whether for income protection, wealth creation, or legacy planning, a 5-year policy can cater to various financial goals.

51 Partners Insurance Partners

12.02 Crore Registered Consumer

5.9 Crore Policies Sold

We are rated ++ rating

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

Understanding a 5-Year Life Insurance Policy

A 5-year insurance policy with HDFC Life involves committing to premium payments for a predetermined period, after which the policyholder or their nominee receives the benefits. These policies are structured to provide financial security, ensuring the policyholder's family is financially protected in unforeseen circumstances.

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⁺

Key Features of a 5-Year Life Insurance Plan

Life Coverage for 5 Years
The primary objective of a life insurance policy is to provide financial protection in case of an untimely demise. Having an HDFC Life Insurance 5-year plan ensures that beneficiaries receive a sum assured if the policyholder passes away during the policy term.
Flexible-Premium Payment Options
HDFC Life allows policyholders to choose their premium payment terms. Depending on the specific policy structure, premiums may be paid for 5 years, for a limited period (5 or 10 years), or as a single lump sum.
Maturity Benefits
If the policyholder survives the 5-year term, they may receive a maturity benefit. Depending on the type of insurance policy chosen, this could be a lump sum payout, bonuses, or regular income.
Tax Benefits
Investing in an HDFC Life Insurance 5-year life insurance policy can offer tax benefits under Section 80C of the Income Tax Act. Additionally, the death benefit received by nominees is typically tax-free under Section 10(10D), providing further financial relief.
Wealth Accumulation
Some HDFC Life Insurance 5-year policies have an investment component, allowing policyholders to build wealth over time. These policies may provide bonuses, guaranteed returns, or participation in market-linked investments.
Loan Facility
Certain policies allow policyholders to take a loan against the policy's cash value after a few years, offering liquidity during financial emergencies.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

Benefits of Opting for a 5-Year Insurance Plan

Financial Security for Family

A 5-year policy ensures that the policyholder's dependents are financially protected, offering a lump sum payout in case of an unfortunate event. This can help cover daily expenses, loans, or other financial obligations.

Medium-Term Financial Planning

A five-year policy is an excellent tool for medium-term financial planning. Whether saving for a child's education, a home, or retirement, the policy can act as a disciplined savings mechanism.

Additional Protection Through Riders

HDFC Life offers optional riders that enhance coverage. Some popular riders include:

Accidental Death Benefit Rider: Provides additional compensation in case of accidental death.
Critical Illness Rider: Covers specified critical illnesses, offering financial aid for medical expenses.
Disability Rider: Ensures continued income in case of permanent disability.

Competitive Returns

HDFC Life Insurance 5-year plan can offer better returns than other savings instruments like fixed deposits, especially if it includes bonuses or market-linked investments.

Best HDFC Life Insurance Plans with a 5Year Premium Payment Option

Plan Name	Entry Age	Maturity Age	Sum AssuredTerm
HDFC Life Click 2 Protect Ultimate	18-50 years	18-85 years	Rs. 1 Crore - Rs. 3 Crore
HDFC Life Click 2 Protect Elite Plus	18-45 years	28-85 years	Rs. 50 Lakhs- No Limit
HDFC Life Click 2 Protect Super	18-84 years	18-85 years	Rs. 5 Thousand - No Limit

How to Choose the Right HDFC Life Insurance 5-Year Plan?

Define Your Goals

Before choosing a policy, determine your financial objectives—whether it's wealth creation, family protection, or retirement planning.

Compare Policies

Evaluate different policies based on their benefits, premium payments, and payout structures to find the most suitable option.

Assess Premium Affordability

Ensure the premiums are affordable and fit within your financial plan to avoid policy lapses.

Read Policy Terms Carefully

Before deciding, understand the terms of exclusions, bonuses, and surrender values.

Consider Adding Riders

Enhance coverage with riders to maximize benefits and ensure comprehensive protection.

Wrapping It Up

A 5-year life insurance plan with HDFC Life offers a structured approach to financial security and wealth creation. It provides life coverage, tax benefits, and disciplined savings, making it an ideal choice for individuals seeking a medium-term financial commitment. By selecting the right policy and customizing it with appropriate riders, policyholders can ensure a secure and financially stable future for themselves and their loved ones.

People also search for

What is Term Life Insurance

Explore the popular searches and stay informed

˜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.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.