Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
Following are the Life insurance plans offered by HDFC Life Insurance|
Following are the Protection Plans offered by HDFC Life Insurance
Protection Plan of HDFC Standard Life-
a. HDFC Premium Guarantee Plan: It is an insurance plan that comes with double advantage of protection and return of premiums* on maturity. So, you can enjoy life meaningful that your family’s financial independence is secure even in your absence. And your premiums are yours on your survival at maturity.
b. HDFC Home Loan Protection Plan : The plan protects your family from your loan liabilities in case of your unfortunate demise within the policy term. In case if you are not there to repay the monthly installment on your housing loan, then a sum of money is available towards repaying your housing loan.
c. HDFC Life Click 2 Protect : HDFC Life Click 2 Protect is a term insurance plan. This plan provides for a payment of a lump sum in the happening of your unfortunate death during the policy term.
d. HDFC Term Assurance Plan :This plan is planned to help secure your family financial needs in case of doubts. The plan does this by providing a lump sum to the family of the life assured in case of death or critical illness (if option is chosen) of the life assured during the term of the contract.
Children Plan of HDFC Standard life -
b. HDFC SL YoungStar Super Premium - This plan offers you choice of cover options and benefit payment preferences- all designed to suit your needs.
c. HDFC SL YoungStar Super II - With HDFC SL YoungStar Super II you can fulfill your child’s immediate and future needs. So tomorrow when your child needs your support you don’t have to depend on anyone else.
a. HDFC Life New Immediate Annuity- Traditional plan + Annuity Options + Regular income post retirement + Return of 100% purchase price + Tax benefit.
Retirement Plans of HDFC Standard life -
b. HDFC Immediate Annuity- It is a contract that uses your capital to provide you with a guaranteed gross income through out your life. The income is guaranteed & is unaffected by rise or fall of interest rates.
c. HDFC Life Pension Super Plus- a unit linked pension plan designed to build a corpus during the policy term so that you can enjoy post retirement income for life.
d. HDFC Life Single Premium Pension Super- a unit linked pension plan having assured benefit with guaranteed regular income.
a.HDFC SL Crest – It is insurance cum investment plan that provides valuable financial protection to your family when needed the most along with an investment option for certainty of highest NAV along with a guarantee on returns.
Saving & Investment Plans of HDFC Standard life-
b.HDFC SL ProGrowth Super II – It is savings-cum-insurance plan that will help you naturally provide the best for your family, be it today or tomorrow.
c.HDFC SL ProGrowth Maximiser - This plan strives to maximize your returns so that ensuring the best for your loved ones is easy.
d. HDFC Endowment Assurance Plan- The plan will give your family a guaranteed lump sum on maturity or in case of your unfortunate demise.
e. HDFC Money Back Plan- The plan gives you proportion of the basis Sum Assured as cash lump sums after every 5 years.
f. HDFC Single Premium Whole of Life Insurance Plan- A single premium investment plan which provides long-term real growth of your money.
g. HDFC Assurance Plan- A long term saving plan that will secure the life of your family too.
h. HDFC Savings Assurance Plan- A plan which comes 'With Profits' savings plan which helps you easily build your long-term savings and ensure that your family is protected even if you are not around.
i. Sampoorna Samridhi Plan : Its is a simple traditional plan which has two unique options i.e. Enhanced Cash and Enhanced Life Cover. If the person goes for Enhanced Cash Option, he would get the usual Maturity Benefits along with additional Bonus and if he goes for Enhanced Life Cover he will get extra enhanced terminal bonus.
j. HDFC Life Invest Wise Plan : Single premium unit linked insurance plan that aims to enable you to build savings which would let you secure your financial independence, when it matters the most.
a. HDFC Critical Care Plan – Its provides for a lump sum payment on survival post diagnosis of a critical illness, so that in the event a critical illness strikes, you don’t have to dig into those precious savings of yours.
Health Plan of HDFC Standard life-
b. HDFC SurgiCare Plan – Its provides you with timely support in case you have to undergo a major surgery and hospitalization, as the case maybe, ensuring your financial independence at all times.
c. HDFC Health Assure Plan – A comprehensive, pure protection health insurance plan that reimburses medical expenses incurred in a hospital.
Registered office : HDFC Life Insurance Company Limited,
Latest Updates - 23 May 2013