HDFC Life Insurance

Established on 14th August 2000, HDFC Standard Life Insurance Co. Ltd. is a joint venture between Housing Development Finance Corporation Limited (HDFC Limited) -India's leading housing finance institution - and a Group Company of the Standard Life Plc, UK that is a world-renowned provider of financial services. HDFC holds about 72.43% of the equity, Standard Life holds 26% while the rest is held by others. HDFC Life is one of leading private companies, offering a range of individual and group insurance solutions, in India. They have adequate financial expertise to manage long-term investments safely and resourcefully.

HDFC Standard Life has about 568 branches and is present in over 700 cities and towns. It has almost 2,00,000 financial consultants that meet various customer needs such as protection, pension, savings, investments and health. The company has 32 retail and 4 group products along with 5 rider benefits. Customizing plans have also been added to make lives better. Read more to get an idea about the HDFC Life Insurance schemes and policies.

Products

Protection Plans
These schemes are aimed at providing for a death or illness in the family. Financial security is one of the most important goals in life and HDFC's protection plans give that independence in case of emergencies. No matter how much you have planned, sudden eventualities like loss of income or home loan repayments can occur anytime. All you need to do is contribute a small sum of the money annually to have a long-term plan which can provide for your family when required.

Children's Plans
Children have several dreams and inspirations and parents seek to fulfill all of them. Securing your child's future in terms of finances can be achieved by HDFC Life Insurance Children's Plans. There are traditional plans that offer return on policy in the form of bonus, payable on maturity or others where return is in the form of growth.

Retirement Plans
When incomes start to reduce, retirements plans put them in place! Accumulating and investing in savings where a lump sum is provided on retirement is the best idea. Regular income flowing through annuity plans is another one. There are several ways to go about this; either, a United Linked Plan where you can get vesting benefit or a traditional one where HDFC takes all the decisions on your behalf over the entire policy term.

Savings & Investment Plans
If you are the earning member of the family, then their future is dependent on you. The Savings & Investment Plan assures you lump sum funds for the monthly/annual expenses. It is also a means of achieving your short-term and long-term financial goals. An adequate insurance cover is automatically provided in the event of a family member's demise.

Health Plans
Neglecting health due to changes in our lifestyle is common.HDFC Life Insurance covers a person during times of critical illness and even major surgical procedures. A small premium of about Rs.3500 annually can provide health insurance of more than 5 lakhs for a period of 20 years. This way, you can have a safe and secure future. The below mentioned plans give you a fair idea about what you can expect:

Contact Address
HDFC Standard Life Insurance Company Limited
13th Floor, Lodha Excelus,
Apollo Mills Compound, N.M. Joshi Road, Mahalaxmi,
Mumbai - 400 011
Phone - 022-67516666
Website: www.hdfclife.com