HDFC Life term insurance review

99.6%, as a weighted average of the last three financial years from IRDAI published data, ranking HDFC Life joint 1st of 22 life insurers. Read it knowing that life settlement ratios cluster above 96% and separate almost nobody, while complaint volume across life insurers spans roughly 136 times.

Intimate the insurer with the policy number and date of death, then submit the death certificate, the policy document, the nominee's ID and bank details, and the claim form. IRDAI requires the insurer to settle within 15 days of intimation, or 45 days of intimation where it orders an investigation (Master Circular on Protection of Policyholders' Interests, 5 September 2024). Our HDFC Life death claim guide sets out the full document set and the escalation path.

No, and on the life side less than most buyers assume. Life settlement ratios sit within a few points of each other because a death claim is a binary event with a fixed sum. What decides your family's claim is disclosure at the time of buying, whether the policy was in force, and whether it fell inside the first three years, when Section 45 still allows the insurer to contest on non-disclosure.

5. Each is read from the insurer's own policy wording and prospectus rather than marketing material, and each page states what the plan does not do as plainly as what it does.

HDFC Life's customer care line is 022-68446530, and its website is https://www.hdfclife.com/. Claims can be emailed to service@hdfclife.com. For a term policy the number that matters most is the one your nominee calls to intimate a claim, so keep it with the policy document.

Pay on HDFC Life's official premium-payment portal (linked above under "Managing your HDFC Life policy") using your policy number. A term policy lapses if a premium is missed beyond its grace period, and reviving it can need fresh medical underwriting, so the payment date matters more than for most bills.

Intimate and track a HDFC Life claim on its online portal (linked above), or call 022-68446530. IRDAI requires a death claim to be settled within 15 days of intimation, or 45 days of intimation where an investigation is ordered (Master Circular on Protection of Policyholders' Interests, 5 September 2024).

On Click 2 Protect Supreme Plus, 30 days for yearly, half-yearly and quarterly premiums and 15 days for monthly premiums, counted from the due date (brochure, UIN 101N189V04). Your family stays covered during the grace period, and if a claim arises before the premium is paid, HDFC Life deducts the unpaid premium from the payout.

After the grace period, a regular-pay Click 2 Protect Supreme Plus policy without the Return of Premium option lapses with no value, and your family is no longer covered. You can revive it within five years of the first unpaid premium by paying the arrears with interest, currently 9% a year, subject to fresh evidence of your health.

Nothing is paid on plain term cover, because there is no maturity benefit. Click 2 Protect Supreme Plus offers two ways round that: Smart Exit returns every premium if you cancel after the 25th policy year but outside the last five, and the Return of Premium option, bought at the start for an extra premium, refunds them at maturity.