HDFC Life Insurance
Est. 2000Mumbailife insurer
CSR 2023-24
99.39%
Excellent
Complaints FY 2022-23
2.15
per 10K policies
99.6% disposal rate
Source: IRDAI Annual Report 2022-23
A joint venture between HDFC Ltd and Abrdn plc, HDFC Life is India's second-largest private life insurer by assets. It leads private sector players on claim settlement ratio for multiple consecutive years.
Claim settlement ratio history
Strengths
- +99.39% claim settlement ratio (2023-24) — highest among large private insurers
- +Strong digital policy management app
- +Wide plan range from pure term to ULIPs
Limitations
- -Premium costs are above average for older age groups
- -Some riders require separate underwriting which adds time
How to file a claim
Online claims via app or portal. Documents verified digitally; settlement in 3-5 working days for standard cases.
Featured plans
Click 2 Protect Super
- *Life cover up to age 85
- *Waiver of premium on disability
- *Return of premium option
- *Income benefit payout option
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