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HDFC Life Premium Calculation: Meaning, Benefits & Process

Published On Jan 24, 2023 10:00 AM By InsuranceDekho

HDFC Life insurance policy safeguards your dear ones financially and helps them accomplish their financial goals. While purchasing a life insurance policy, there are a few paraments such as the sum assured and the premium amount that you should keep in mind. You must evaluate the premium amount paid by you to the insurance company in exchange for the desired sum assured. Here comes HDFC Life online premium calculator to rescue. It is an online tool that is provided by HDFC Ergo General Insurance Company to help customers get the right amount of coverage. But, how actually does the life term insurance premium calculator works? Read on to find out its meaning, process, and benefits in detail! 

HDFC Life Premium Calculation Process

What Is HDFC Life Insurance Premium Calculator? 

HDFC Life Insurance Company offers numerous life insurance plans to customers, among which they can choose as per their needs and future financial goals. Therefore, in exchange for the desired sum assured, the policyholder must pay a premium periodically to the insurance company. HDFC Life premium calculator will help you in determining the premium amount that you will have to pay on the basis of the desired sum assured. It is a free online tool that can be used innumerable times. 

Benefits of Using the HDFC Life Insurance Premium Calculator 

In addition to helping you choose the right amount of coverage, the HDFC Life online premium calculator provides you with a lot more advantages. 

  • Easy-to-use: 

Whether you have little or no knowledge about life insurance, you can easily determine the premium amount and the best quotes by providing a few details such as your name, mobile number, life insurance coverage, and others. 

  • Quick Comparison of Plans:

Another major benefit of using the HDFC Life premium calculator is that you can compare numerous plans online without any hassle. This will help you choose the most affordable life insurance policy to financially secure the future of your loved ones. 

  • Customized Premium:

The HDFC Life premium calculator evaluates the premium amount on the basis of numerous details shared by you. A life insurance policy varies from one customer to another due to coverage amount, policy tenure, and sum assured. Therefore, you can easily customize your premium depending on various factors.

Details Are Required To Use HDFC Life Insurance Premium Calculator

Listed below are the details that you need to submit online in order to evaluate the premium payable using an online premium calculator. 

  • Name and gender
  • Mobile number and email-id
  • Life cover required
  • Policy Tenure 
  • Smoking details 
  • State and city
  • Premium payment term 

Process To Use HDFC Life Insurance Premium Calculator

Here’s a step-by-step guide for using a life insurance premium calculator online. 

  • Browse the official website of HDFC Life Insurance. 
  • Select a life insurance plan to calculate the premium. 
  • Click on the “calculate premium” button. 
  • Fill out the form with all of the above-mentioned information. 
  • Authorize HDFC Life to contact you with more details on the plans. 
  • Click the “Proceed” button. 
  • The estimated premium amount will be displayed on the screen. 

Final Words 

Life insurance is a great savings and protection plan that can take care of your family even when you are not around. HDFC Life Insurance Company was founded in 2000 and, at present, is a leading insurance provider in the country. With a 98.66% claim settlement ratio, life-term insurance plans by HDFC Life have become the best choice for customers. You can compare different plans provided by the company through the HDFC online premium calculator.

Also Read: 

Key Changes That the Insurance Industry is Expected to Witness in 2023

Disclaimer

This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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