Hdfc life insurance policy details

How To Update HDFC Life Insurance Policy Online? Relocation has become a common phenomenon in the present time. It might be due to transfer in a job or any other reason. The moment one chooses to move from one place to another the contact details and the mailing address change with the relocation. The present generation is blessed to have online services that help them update the current information. In earlier times one had to take time and go to the particular zonal office to get data changed after the approval of the higher officials. But things have become hasslefree over time. Here we have got for you a few steps following which can help you update your How To Change Personal Details in HDFC Life Insurance Policy? The personal details should be updated in case of any changes. The personal details play an essential role in the functioning of the policy during the policy tenure at the time of claim. Any discrepancy or mismatch in the data can lead to rejection of the claim. • Login to your HDFC Life account on the official site of HDFC Life Insurance (www.hdfclife.com) • After login, you will find 'My Profile' at the top of the page. Click on the arrow mark on beside the 'My Profile' option. • Click on the personal details tab. • On the new page, you can find your details like client ID, name, gender, marital status, date of birth. On the right-hand side of the pop-up window, there is an 'Edit' option. Click on 'Edit'. • Do the HDFC Life insurance personal details updat...

For claim submission, the nominee needs to provide only the following documents: – Proof of death issued by Local Government, Police or Hospital – Nominee’s Identity Proof along with address and Bank details For prompt support, HDFC Life can be contacted via: Call centre number: 1860-267-9999, email at Vineet Arora, Chief Operating Officer, HDFC Life said, “We at HDFC Life express our heartfelt condolences for the lives lost and sincere wishes for the speedy recovery of those injured. While nothing can replace the loss of an invaluable life, we want to provide a helping hand with the best possible claim support service to the families.” HDFC Life Insurance Company Limited (‘HDFC Life’ / ‘Company’) is a joint venture between HDFC Ltd., India’s leading housing finance institution and abrdn (Mauritius Holdings) 2006 Limited, a global investment company. Established in 2000, HDFC Life is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health. The Company has more than 60 products (including individual and group products) and optional riders in its portfolio, catering to a diverse range of customer needs. HDFC Life continues to benefit from its increased presence across the country, having a wide reach with branches and additional distribution touch-points through several new tie-ups and partnerships...

After a strong end to FY23, life insurance companies were expected to take a hit in the retail (individual) segment in FY24 primarily owing to the tax changes from April. Insurance Regulatory and Development Authority of India’s (IRDAI) monthly data shows that the annualized premium equivalent (APE) has been muted for the first two months of FY24. That said, the retail APE performance in May was better than April. APE is a key measure of growth for life insurance companies. The retail APE of the life insurance sector fell sharply by 78% month-on-month in April. This was followed by a 36% month-on-month rise in May to nearly ₹6,110 crore. On a year-on-year basis, the sector’s retail APE rose by 6% in May. Here, the private life insurance companies put up a good show, clocking 10% growth. On the other hand, Life Insurance Corp. of India saw a 1% drop. Still, on an overall basis, the lacklustre show of the group segment meant that the sector’s overall APE growth stood at 3% in May. “Typically, the June quarter is weak for life insurance companies’ individual savings businesses. And with slower business in the month of April 2023 (on account of bumper sales in March) there is not much to be read from May-23 data," says Avinash Singh, analyst, Emkay Global Financial Services. From FY24, the maturity proceeds from life insurance policies (excluding unit linked insurance policies) with aggregate annual premium of over ₹5 lakh will be taxed. This led to a sharp surge in retail APE...