There are nine reasons to buy hdfc life insurance at BankBazaar.

1. 9 Reasons to Buy HDFC Life Insurance at
BankBazaar

2. Introduction
HDFC Life is an insurance provider that was formed as a joint venture between
HDFC (Housing Development Finance Corporation Ltd) and one of the UK’s leading
financial service providers, Standard Life, which holds a 26% stake in the company.
The venture was started in 2000 and has grown to over 400 branches spread all
across India. Over the years the company has worked steadily to increase its
portfolio to include insurance products that are made to suit every possible need of
their customers. They even provide optional riders that can be used to enhance the
cover of the policy.

3. Reasons to buy HDFC life insurance
• Offers lots of choice
• Helps plan for retirement
• Helps your money grow
• Impressive claims settlement ratios
• Offers flexible payment options
• Get tax benefits
• Provides enhanced coverage
• Provides proper information
• Can be bought online

4. Offers Lots of Choice
The complete range of life insurance policies offered by HDFC Life provides
customers with choices that can help them fulfil various goals in life. These goals
could be anything ranging from securing the financial future of the family with term
insurance, to buying a house or paying for your child’s education.

5. Helps Plan for Retirement
Let’s face facts. Most people have an age in mind by which time they want to stop
working, retire and enjoy the remainder of their lives. With the retirement life
insurance plans on offer from the company, policyholders can live in peace knowing
that when they retire, they will still have a source of regular income.

6. Helps your money grow
For those customers who are interested in a life insurance plan that will also help
them increase their wealth, HDFC Life offers unit linked insurance plans (ULIPs) that
provide insurance cover and invest a part of the premium in the debt and equity
markets, thereby giving the money an opportunity to grow.

7. Impressive Claims Settlement Ratios
Many a times people think that a low premium means that the insurance policy is
good but that is not always true because there are some insurers who honor very
few claims that are made. That is another factor that sets HDFC Life apart because
it has a claims settlement ratio of up to 95%. This means that they have honored up
to 95% of the claims that were submitted to them.

8. Offers Flexible Payment Options
If paying the premium for the chosen life insurance policy is going to be
a problem, HDFC also offers flexible payment options like monthly,
quarterly, half-yearly and annual payments. This is done to ease the
financial burden on policyholders.

9. Get Tax Benefits
The money spent on paying for premiums for life insurance policies is eligible for
tax benefits under sections 80C, 80CCC and 10(10D) of the Income Tax Act 1961.

10. Provides Enhanced Coverage
The company offers a choice of riders that can be used to enhance the
cover provided by the chosen insurance policy. These riders could
range from accidental death riders to waiver of premium and critical
illness benefit riders.

11. Provides Proper Information
In the busy day to day routine these days, it is not easy to make time for an
insurance agent to come and explain policies to customers. That is where the HDFC
Life online option comes in because it lets customers choose policies after studying
them thoroughly and then go ahead and make the purchase online.

12. Can be Bought Online
Another advantage of the company’s online presence is that customers
can download brochures of various insurance policies and go through
them in their own time before making a decision.

13. Conclusion
The most important thing before making any purchase decision is that
you must have all the information you might need and the way HDFC
life insurance is set up, it lets you do just that.