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How to Claim HDFCLife Insurance?

HDFClife is trying to capture the insurance segment and it is advertising that you can get 1 Crore insurance at the rate of Rs 23 per day. However hold the breath as age rises this premium also rises as for a healthy male of 40 years will have to shell out Rs 18500 every year to get 1 Crore insurance. For a healthy, non-smoker male, 25 years, with a premium paying term of 30 years, pays Rs. 17200 as annual premium. Remember that service tax needs to be added. These are term insurance rates where you do not get anything incase you survive the period. Just remember that term insurance is better than permanent life insurance.

However since they have corporate culture thus we feel that it is better to go with these private sector banks as they honour the commitment quickly without any legal hassles provided you have read the documentation correctly.



HDFC Life Claim Processing Procedure

The website of HDFC Life states that at HDFC Life they lend a helping hand by enabling faster settlement of claims and help the family financially at the time of distress. For any assistance or query relating to reporting claims (Death Claims / Critical Illness Claims) you may get in touch with them by emailing us at claims@hdfclife(dot)com and they will get back to you with the details that will be required to process a claim.

One can Call toll free numbers - 1800 209 7777 or 1800 228 228 for any assistance / documentation required for processing claims.

Please note the following Exclusions: 

No benefit will be paid if the death of the life assured has occurred directly or indirectly as a result of suicide within one year of the date of commencement or the date of issue or the date of revival of the policy, whichever is later.

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