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HDFC Life Investment Benefits

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HDFC Life Investment
Highlights
Claim Settlement Ratio98.01%
COVID-19 CoverYes
Customer Care9.00 AM to 9.00 PM
Inception2000
Presence421 branches
Solvency Ratio176%

Benefits of HDFC Life Investment

The Housing Development Finance Corporation Limited, or HDFC, was one of the first banking institutions to acquire Reserve Bank of India (RBI) "in principle" clearance to open a private sector bank. Furthermore, the company has a strong sales team, which aids in increasing the market share of the organisation in the insurance business. Protection plans in the shape of term plans, Child Plans, Savings and Investment Plans in both conventional and ULIP forms, and pension plans are among the products offered by HDFC.

Why To Buy HDFC Investment Plan?

Following are some of the reasons to buy HDFC Investment plan-

  • In the event of death, the higher of the Sum Assured or ten times the yearly premium, excluding any invested bonus, interim bonus, or terminal bonus, is paid, provided to a minimum of 105 % insurance premiums up to the date of death.
  • The Sum Assured is given to the insured at maturity, including with any earned bonuses, specified reversionary bonuses, and terminal bonuses, if any.
  • A loan of up to 80% of the Surrender Value can be obtained through their investment plan.
  • The premium paid and the claim received are both eligible for a tax credit. The insurance premiums are tax-free under Section 80C of the Tax Code, and the claim received is tax-free under Section 10(10D) of the Tax Code.
  • The plan gives the various option plans and flexible premium payment modes.

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FAQs

  • What is the procedure for terminating HDFC Life investment plans?

    Policyholders must bring all applicable policy documentation, as well as a completed surrender form, to any of their city's branch locations. After deducting termination fees, stamp duty (if applicable), and medical tests, the refund will be deposited into your bank account within 72 hours.

  • What is the best way to pay the premium? What are the different payment options for buying HDFC Life Investment Plans?

    Any of the following methods can be used to pay your HDFC Life Insurance premium:

    • Cash\ Cheque payments
    • Drop box
    • NEFT
    • EBPP (Electronic Bill Presentment and Payment)
    • Axis\Yes Bank Debit Card

    For paying your premium online, visit e-portal by simply following the below mentioned steps:

    • Step 1: Enter the details of your policy such as policy number and date of birth of the policyholder.
    • Step 2: Pay your premium with credit\debit card or simply select your bank account to make your payment.
    • Step 3: Check the details which you entered and confirm your payment query and receive your online payment receipt.

  • How can I check the status of my HDFC Investment plan's policy?

    If you are a registered member, you can check the status of your insurance online. To check the status of your policy, simply connect onto the e-portal with your Client ID and password.

  • What is the procedure for renewing HDFC Life investment plans?

    Renew your policy through the internet. The steps are as follows:

    • Step 1: Go to the website and sign in with your customer ID and password.
    • Step 2: Find the policy that needs to be renewed and pay for it. Now is the time to pay for your premium renewal.
    • Step 3: Select a method of payment: credit/debit card or NEFT.
    • Step 4: Verify and confirm your payment information, then download your confirmation.

  • What are the factors that can impact an investment plan premium?

    A number of factors influence the premium, some of the factors are:

    • Age
    • Occupation
    • Riders
    • Smoking and drinking habits
    • Policy period
    • Sum assured
    • Medical history
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