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HDFC Term Insurance Plans For Senior Citizens

HDFC Term Insurance for Senior Citizens is a life insurance plan that offers coverage for a specified time or period at the most crucial part of life, i.e. at old age and post retirement, to themselves and their loved ones. It provides a death benefit to the nominee/beneficiary if the life assured passes away during the policy term. Although it is advised that you should buy a term plan when you are young, it doesn’t imply that people can’t purchase it post their 60s. Senior citizens are equally concerned about the wellbeing of their families’ future and hence, HDFC term insurance is the right choice for them, as it provides a number of features and options to select from.

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Note: Now that you know that what is HDFC Term Insurance Plans For Senior Citizens, you should also get to know about what is term insurance to buy a term plan for your loved ones.

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Types of HDFC Term Insurance Plans For Senior Citizens

HDFC offers a wide range of term insurance plans for senior citizens which are structured to provide financial security in their final stage of life. 

The need for a term insurance plan for senior citizens arises because of the concern related to their post-retirement expenses.Below highlighted is the HDFC term insurance plan for senior citizens:

Followings are the HDFC term insurance plan for senior citizens:

HDFC Term Plan For Senior Citizens Age Limit Maturity Age Policy term Sum Assured  
HDFC Life Click 2 Protect Super 18 years - 65 years 85 years 5 years - 50 years 50 Lacs - 20 Crores

**The table shows results of term insurance plans searched for a 65-year-old non-smoking male who chose a life cover of 1 Crore.

  1. HDFC Life Click 2 Protect Super

    Here are the key features of HDFC Life Click 2 Protect Smart:

    • Smart Exit Benefit: If you want to leave the policy, you can do so and get a refund of all the premiums you've paid (excluding GST). After you exit, the policy will be terminated.

    • Terminal Illness Benefit: If you're diagnosed with a terminal illness, the insurance will give you a payout of 100% of the Sum Assured (up to 2 Crore).

    • Tax Benefit: You can save on taxes each year under Section 80C. Also, when the policy matures, the returns you receive are completely tax-free.

    • Extend Policy Term at Maturity: When your policy term ends, you can choose to extend it for more periods, up to a maximum of 5 times. To do this, you'll need to pay an extra premium.

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Why Should Senior Citizens Buy HDFC Term Insurance?

Senior citizens should buy HDFC Term Insurance because of the below mentioned reasons:

  1. Coverage Scope

    Whether you are 50 years old or 80 years old, you can get protection against life's uncertainty with the help of HDFC term insurance plans which are specifically structured for senior citizens. As you age, you tend to have fewer financial obligations which can make it easier for you to use your savings in buying a term insurance plan. This way you can ensure sufficient cover for you and your dependent spouse/family.

  2. E-Insurance 

    E-Insurance means all the term insurance plans offered by HDFC Life are available for you online. Within a few clicks, you can compare, customize and purchase your best suitable term insurance plan to safeguard the future of your family. By purchasing a term plan online, you can avoid agent visits to your home and save time. After thorough research, you can be more decisive about your cover amount and other necessary needs.

  3. Affordable Premiums

    Almost every single plan provided by HDFC Life comes with the option of flexibility in paying the premium amount. Also, considering the fact that most people who are in their 50s or above would buy 'term insurance plans for senior citizens, the premium amount is affordable.

  4. Additional Riders

    You can make the most out of your basic term insurance plan by adding a few additional riders at an affordable price. This can turn out to be very useful for you in the future. Common riders which you can add with any plan are, accidental death rider, waiver of premiums rider, critical illness rider, etc

  5. Flexibility Of Pay-outs

    The best term insurance plan is that which offers the choice of receiving payable benefits to the nominee. Almost every HDFC Life term insurance plan provides the option of either lump-sum payout or regular monthly payout. You can choose from both the options at your convenience 

    Note: It is suggested to calculate the term plan premium on the term insurance calculator online tool by Policybazaar before buying.

Benefits of HDFC Term Insurance For Senior Citizens

  1. Tax Benefit

    HDFC Life term insurance plan for senior citizens comes with tax benefit under section 80C of Income tax act 1961.

  2. Medical Expense Coverage- 

    Pre and post hospitalization expenses covered, Provides cover for doctor's fees, medical bills, room charges, in-patient hospitalization expenses, emergency ambulance expenses for transporting the insured shall be borne by the insurance company.

  3. The Hassle-Free Claim Settlement Process

    The wide range of HDFC Life term insurance plans for senior citizens offers a hassle-free claim settlement process. This way, when the time comes, the nominee will not have to suffer from complicated paperwork. The hassle-free claim settlement process will help protect the nominee in uncertain times.

  4. Independence of Spouse

    Buying a term insurance policy as backup financial security for your spouse is a good idea. It can provide a regular source of income for them in your absence. 

  5. Debt-liability Payment

    With the help of the HDFC Life term insurance plan, in case of the policyholder's untimely demise, the nominee can make the payment of pending debts or liabilities. The Sum assured can be used to pay debts/liabilities as per the convenience of the nominee.

How To Buy HDFC Term Insurance From Policybazaar For Senior Citizens?

Senior Citizens can easily buy HDFC Term Insurance from the comfort of their homes by following the below mentioned steps:

  • Step 1: Visit Policybazaar's Term Insurance page.

  • Step 2: Provide basic details such as your name, date of birth, and phone number. Click on the 'view plans' button.

  • Step 3: Fill in information about your occupation type, annual income, educational qualifications, and smoking habits.

  • Step 4: Choose the HDFC Life plan from the list of options presented to you.

  • Step 5: Enter your personal details, including your name, email ID, occupation, yearly income, educational qualification, city, pincode, and nationality.

  • Step 6: Proceed to make the payment using net banking, debit card, or credit card, and complete the payment process to purchase the chosen plan.

Final Word

HDFC Term insurance plan offers a wide variety of policies for senior citizens. If you are the breadwinner for the family and wish to safeguard the future of your aging parents, you can choose from the list of plans which best suits your requirements. In case you are 50 years or above you too can buy a health insurance plan to guard your dependent spouse against unfortunate events of life.

Note: Check out the best term insurance plan in India and choose one that suits your requirements.


  • Ans: Yes, a 65-year-old senior citizen can buy term insurance. Although the minimum entry age for term plans is 18 years, most life insurance companies in India allow seniors up to the age of 65 to purchase term insurance. Some policies even offer coverage up to the age of 85.
  • Ans: Yes, the HDFC Life Click 2 Protect Super plan is a good term insurance plan for senior citizens as it provides high life cover at low premiums and also offers features like Terminal Illness Benefit and Smart Exit Benefit.
  • Ans: Yes, HDFC term insurance is suitable for senior citizens who want to ensure financial protection for their loved ones in case of their demise.
  • Ans: While there may be certain restrictions or limitations, many insurance companies provide options for senior citizens to buy term insurance based on their age and health conditions.
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