HDFC Life Cancer Care Plan

As the name suggests, this is a cancer specific health insurance plan which covers both minor and major stage cancers. The features of the plan are as follows –

    1. The sum insured is paid in lump sum on diagnosis of cancer
    2. Premiums are waived off for the next three years after a claim is made
    3. There are three coverage options of Silver, Gold and Platinum
    4. Income is paid for five years under the Platinum Option
    5. The sum insured increases by 10% if no claim is made under the Gold and Platinum options

HDFC Life Cancer Care Plan

Eligibility conditions of HDFC Life Cancer Care Plan

Entry age

5 years to 65 years

Plan duration

10 years to 85-entry age

Sum insured

Minimum – INR 10 lakhs

Maximum – INR 50 lakhs

Premium amount

Depends on the sum insured, age, term and plan option selected

3. HDFC Life Easy Health Plan

This is a health insurance plan which provides you fixed benefits for different contingencies. The plan’s features are as follows –

    1. There are seven plan options and the coverage depends on the option that you select. The options are as follows –
      1. A – Daily Hospital Cash Benefit
      2. B – Surgical Benefit
      3. C – Critical Illness Benefit
      4. D – Daily Hospital Cash Benefit + Surgical Benefit
      5. E – Surgical Benefit + Critical Illness Benefit
      6. F – Daily Hospital Cash Benefit + Critical Illness Benefit
      7. G – Daily Hospital Cash Benefit + Critical Illness Benefit + Surgical Benefit
    2. You can claim multiple times during the policy duration

Eligibility conditions of HDFC Life Easy Health Plan

Entry age

18 years to 65 years

Plan duration

5 years

Sum insured

INR 25,000 to INR 5 lakhs depending on the plan option selected

Premium amount

Minimum – INR 676 payable annually or INR 2184 payable once

Maximum – INR 122,068 payable annually or INR 404,279 payable once

Retirement plans

Retirement plans are pension plans which help you in creating a retirement fund and/or to get regular income post retirement.

HDFC Retirement plans

1. HDFC Life Pension Guaranteed Plan

This is an immediate annuity plan which gives you lifelong pensions. The features of the plan are as follows –

    1. There are different types of annuity options to choose from
    2. The plan also has three benefit options to choose from
    3. You can receive annuities on a single life basis or joint life basis
    4. Only a single premium is required under the plan
    5. Eligibility conditions of HDFC Life Pension Guaranteed Plan 

Entry age

30 years to 85 years

Annuity amount

Minimum – INR 12,000/year

Maximum – no limit

Premium amount

Minimum – INR 42,076

Maximum – no limit

 

HDFC Life Guaranteed Pension Plan

This is a traditional deferred annuity plan which helps you create a retirement corpus for yourself. The features of the plan are as follows –

    1. Guaranteed additions are paid every year during the plan tenure
    2. Premiums are payable for a limited period
    3. A lump sum addition is also added when the plan matures

Eligibility conditions of HDFC Life Guaranteed Pension Plan

Entry age

35 years to 65 years

Plan duration

10 years to 20 years

Sum insured

Minimum – INR 86,830

Maximum – No limit

Premium amount

Minimum – INR 24,000/year

Maximum – no limit

3. HDFC Life New Immediate Annuity Plan

This is also an immediate annuity plan where you get annuity payments immediately after buying the policy. The features of the plan are as follows –

    1. There are 11 annuity payment options which you can choose from
    2. Both single life and joint life annuity options are available
    3. Higher annuity rates are promised if the single premium paid is high

Eligibility conditions of HDFC Life New Immediate Annuity Plan

Entry age

20 years to 85 years

Annuity amount

Minimum – INR 10,000/year

Maximum – No limit

Premium amount

Depends on the age and annuity amount required

4. HDFC Life Pension Super Plus Plan

This is a unit linked deferred annuity plan which helps you create a market-linked retirement corpus. The features of the plan are as follows –

    1. The maturity benefit is assured even if the market is falling
    2. Additional premiums are allocated from the 11th policy year

Eligibility conditions of HDFC Life Pension Super Plus Plan

Entry age

35 years to 65 years

Plan duration

10 years to 20 years

Sum insured

Depends on the premium amount

Premium amount

Minimum – INR 24,000/year

Maximum – no limit

5. HDFC Life Single Premium Pension Super Plan

This is a unit linked plan which needs only a single premium. The features of the plan are as follows –

    1. The minimum maturity and death benefits are guaranteed
    2. You can also pay top-up premiums under the plan

Eligibility conditions of HDFC Life Single Premium Pension Super Plan

Entry age

40 years to 75 years

Plan duration

10 years to 45 years

Sum insured

Depends on the premium paid

Premium amount

Minimum – INR 25,000/year

Maximum – no limit

6. HDFC Life Assured Pension Plan

This is a unit linked deferred pension plan. The plan lets you build up a considerable retirement corpus through market-linked returns. Other features of the plan are as follows –

    1. The minimum vesting benefit is guaranteed under the plan
    2. From the 11th policy year the fund value is also increased with loyalty additions every alternate year
    3. Premiums can be paid for a limited tenure or at once

Eligibility conditions of HDFC Life Assured Pension Plan 

Entry age

18 years to 65 years

Plan duration

10 years or 15 years to 20 years

Sum insured

Depends on the premium paid

Premium amount

Minimum – INR 24,000/year for limited premium and INR 50,000 for single premium

Maximum – no limit

7. HDFC Life Personal Pension Plus Plan

This is a traditional pension plan which gives you bonus additions so that you can create a substantial retirement corpus. The features of the plan are as follows –

    1. The minimum death and vesting benefit is guaranteed
    2. The plan offers you a long term investment period for planning a sufficient retirement corpus

Eligibility conditions of HDFC Life Personal Pension Plus Plan

Entry age

18 years to 65 years

Plan duration

10 years to 40 years

Sum insured

Minimum – INR 204,841

Maximum – No limit

Premium amount

Minimum – INR 24,000/year

Maximum – no limit

How to buy HDFC Life Insurance policy?

HDFC Life Insurance offers you the facility to buy its life insurance policies online through the company’s website.

Alternatively, you can also buy HDFC insurance policies through Turtlemint which gives you the chance to compare and buy the best life insurance plan for your needs. To buy a plan through Turtlemint all you have to do is follow some simple steps and the policy would be bought. These steps are as follows –

  1. Visit https://www.turtlemint.com/life-insurance
  2. Choose the financial need which you want to fulfil through the insurance plan that you are buying. There are four needs to choose from which are as follows-
    1. Term Life Plans
    2. Investment and Tax Planning
    3. Savings for child
    4. Pension/Retirement
  3. Once you have chosen the need, provide your details like your gender, date of birth, annual income, smoking preference, investment horizon and amount
  4. Based on the details provided, you would be able to check the plans and compare them
  5. You can then compare the plans on their coverage benefits and premiums and then buy the plan which gives you the maximum benefits
  6. To buy, just complete HDFC Life Insurance premium payment online and the policy would be issued at the earliest

To buy HDFC insurance policy, the following documents would be required –

  1. Your age proof
  2. Identity proof
  3. Proposal form
  4. Photographs
  5. Income proof if high sum assured levels are selected
  6. Medical check-up reports, if applicable

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How to make claims under HDFC Life Insurance policies?

Claims under HDFC life insurance policies occur either when the policy matures or in case of death. Moreover, health insurance claims occur when the covered contingency occurs. Here’s the claim process for different types of claims –

    1. Maturity claims

For making a maturity claim you should fill up a maturity claim form and submit the form to the insurance company along with your identity proof and bank details. The company would assess the documents and then pay the claim directly to your bank account.

    1. Death claims

Death claims would have to be made by your nominee. The nominee should inform the insurance company about the death to make a claim. A claim form should be filled stating the details of the policy and the claim. The form should be submitted along with death certificate and other relevant documents. The insurance company would verify the claim and settle it.

    1. Health claims

In case of health claims, the medical reports would be required to make a claim. You should fill up the claim form and submit it to the insurance company along with all medical reports and other documents. The insurance company would then assess the claim and pay you the benefit promised under the policy.

The documents required for life insurance claims are as follows –

    1. Claim form
    2. Identity proof of the claimant
    3. Original policy bond
    4. Death certificate in case of death claims
    5. Post mortem report, police inquest report, police FIR, punchnama, etc. in case of accidental deaths
    6. Doctor’s prescriptions, investigative reports, medical reports, diagnostics report, etc. in case of health claims
    7. Any other documents are required by the insurance company

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