HDFC Life Insurance Company Limited is a joint venture between HDFC Limited (India’s leading housing finance institution) and abrdn plc (formerly Standard Life Aberdeen plc) a global investment company from the UK.
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HDFC Life Overview
- Incorporated in 2000, HDFC Life is a leading life insurance company.
- They offers a range of products as per customers need such as Protection, Pension, Savings, Investment, Annuity and Health plans.
- HDFC Life has over 421 branches and 300 partners (NBFCs, MFIs and SFBs).
CEO and Contact Details of HDFC Life
| Managing Director and CEO | Ms. Vibha Padalkar |
| Corporate Office Address | HDFC Life, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011 |
| Contact No. | New customer : 1800-266-9777 Existing customers : +91 8291-890-569 |
| Email ID | New customer : buyonline@hdfclife.in Existing customers : service@hdfclife.com |
| Employee count | 16,500+ |
| HDFC Life Website | https://www.hdfclife.com/ |
| HDFC Life Twitter | https://twitter.com/HDFClife |
| HDFC Life Facebook | https://www.facebook.com/HDFClife |
| HDFC Life Linkedin | https://www.linkedin.com/company/hdfc-life |
HDFC Life Term Insurance Plans
Term Insurance takes care of your family in your absence. Term insurance ensures your family is well protected. Term insurance is the purest form of life insurance. HDFC life provides most affordable term insurance products that can fit your requirements.
Lets, check the list of term insurance plans from HDFC Life. Click on any plan to get the detailed review on it.
| Product Name | UIN No |
| HDFC Life Click 2 Protect Life | 101N139V04 |
| HDFC Life Saral Jeevan Bima | 101N140V01 |
| QuickProtect Plan | 512N341V01 |
Claims process of HDFC life
Claim process is a procedure through which claim is authenticated and claim amount is disbursed to the policyholder or nominee or beneficiary or appointee or assignee. HDFC Life is fully committed to be with you in your moment of need through a quick and simple claims settlement process.
Click here to get the HDFC Life claims process in detail
HDFC Life Claim Settlement Ratio
It is the percentage of claims settled out of the total number of claims filed in a financial year. Higher the percentage, better is the insurer. IRDAI (Insurance regulatory and development authority of India) issues an annual report on claim settlement ratio of life insurance companies every year.
For example : Let’s suppose HDFC life has received 100 claims in a financial year and it settles 90 in the same financial year. So the claim ratio of HDFC life will be (90/100) x 100 = 90% for the same financial year.
Claim settlement ratio of last 6 years of HDFC life
| Year | Claim Ratio |
| 2020-21 | 98.01% |
| 2019-20 | 99.07 % |
| 2018-19 | 99.04 % |
| 2017-18 | 97.80 % |
| 2016-17 | 97.62 % |
| 2015-16 | 95.02 % |
HDFC Life Insurance Claim Settlement Ratio Trend 2006 to 2022 >
Market share of HDFC life
It is the percentage of New business (First year + Single) premium received out of the total new business premium received by all life insurance companies.
Market share of last 5 years of HDFC life
| Year | Market Share |
| 2020-21 | 7.21 % |
| 2019-20 | 6.65 % |
| 2018-19 | 6.97 % |
| 2017-18 | 5.80 % |
| 2016-17 | 5.00 % |
Bonus Rates of LIC
Every year HDFC life declares bonuses to their premier products which participate in profits. HDFC declares these bonuses in the form of Reversionary Bonus (RB), Terminal Bonus (TB) and Cash bonus etc.
Click here to Get Bonus Rates of All HDFC Life Policies
HDFC Life Branch Locator
We have made a list of HDFC branches in top 10 cities i.e Mumbai, New Delhi, Bengaluru, Chennai, Gurgaon, Pune, Hyderabad, Ahmedabad, Kolkata and Lucknow. You will find addresses with contact details of every branch mentioned in the above cities. Click below to get the details.
Check HDFC Life Branch Near Me
HDFC Life Insurance FAQs
If you have missed your premium payment, you will get a grace period of 30 days. If you pay your premium within the grace period, your policy will continue.
Ms. Vibha Padalkar is the MD and CEO of HDFC Life.
HDFC Life was incorporated on 14 August 2000.
HDFC Life is a joint venture between HDFC Limited (India’s leading housing finance institution) and abrdn plc (formerly Standard Life Aberdeen plc).
HDFC Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011
HDFC Life Click 2 Protect Life, HDFC Life Saral Jeevan Bima, QuickProtect Plan are the term plans with HDFC Life.
As per IRDAI, insurers should settle the death claim within 30 days.
HDFC Life has over 421 branches and 300 partners (NBFCs, MFIs and SFBs) across India.
| List of All Life Insurance Companies in India | Click Here |
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This covers all the topics on HDFC Life Insurance. Please comment if you need any further information on this.