HDFC Life Insurance

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.

HDFC Life Insurance - Paisa kaudi
HDFC Life Insurance – Paisa kaudi

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 CEOMs. Vibha Padalkar
Corporate Office AddressHDFC 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 IDNew customer : buyonline@hdfclife.in
Existing customers : service@hdfclife.com
Employee count16,500+
HDFC Life Websitehttps://www.hdfclife.com/
HDFC Life Twitterhttps://twitter.com/HDFClife
HDFC Life Facebookhttps://www.facebook.com/HDFClife
HDFC Life Linkedinhttps://www.linkedin.com/company/hdfc-life
HDFC Life Details

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 NameUIN No
HDFC Life Click 2 Protect Life101N139V04
HDFC Life Saral Jeevan Bima101N140V01
QuickProtect Plan512N341V01
HDFC Life – term Plans

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

YearClaim Ratio
2020-2198.01%
2019-2099.07 %
2018-1999.04 %
2017-1897.80 %
2016-1797.62 %
2015-1695.02 %
HDFC Life CSR

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

YearMarket Share
2020-217.21 %
2019-206.65 %
2018-196.97 %
2017-185.80 %
2016-175.00 %
HDFC Life – Market Share

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

What is the grace period of HDFC Life?

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.

Who is the CEO of HDFC Life?

Ms. Vibha Padalkar is the MD and CEO of HDFC Life.

HDFC Life started in which year?

HDFC Life was incorporated on 14 August 2000.

Who is the owner of HDFC Life?

HDFC Life is a joint venture between HDFC Limited (India’s leading housing finance institution) and abrdn plc (formerly Standard Life Aberdeen plc).

Where is the headquarters of HDFC Life?

HDFC Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011

Which is the best HDFC term insurance Plan?

HDFC Life Click 2 Protect Life, HDFC Life Saral Jeevan Bima, QuickProtect Plan are the term plans with HDFC Life.

How long does it take for HDFC Life death claim?

As per IRDAI, insurers should settle the death claim within 30 days.

How many branches does LIC have?

HDFC Life has over 421 branches and 300 partners (NBFCs, MFIs and SFBs) across India.

List of All Life Insurance Companies in IndiaClick Here
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This covers all the topics on HDFC Life Insurance. Please comment if you need any further information on this.

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