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INTRODUCTION

HDFC Life is in the market since 1977.

HDFC Standard Life was established on 14th August 2000

and it was the first private player in insurance sector after LIC.
A joint venture of Housing Development Finance Corporation

Limited (HDFC) and Standard Life plc. HDFC Life, one of India's leading private life insurance companies, offers a range of individual and group insurance solutions. Standard Life plc is the leading provider of financial services in the United Kingdom HDFC Ltd. holds 72.37% and Standard Life (Mauritius Holding) Ltd. holds 26.00% of equity in the joint venture, while the rest is held by others.

HDFC operates through 75 locations throughout the country with its Corporate Headquarters in Mumbai, India. HDFC was incorporated with the primary objective of meeting a social need that of promoting home ownership by providing longterm finance to households for their housing needs.
HDFC Life has a strong presence in its existing markets with a strong base of Financial Consultants

PRODUCTS OF HDFC

TERM PLANS
TERM ASSURANCE PLANS: TERM: Min 5yrs and max 30yrs. PLAN CHOICE: single life basis or joint life basis. PREMIUM GUARANTEE PLANS: TERM: min 10yrs and max 30yrs. HOME LOAN PROTECT PLAN: MIN PREMIUM: Rs 2000. SUM ASSURED: max Rs 3000000.

DEATH BENEFITS: nominee or assignee receives chosen sum assured.


NO maturity benefits.

DEATH BENEFITS: provides lump sum to nominee in case of death.


MATURITY BENEFITS: returns all premiums paid. ENTRY AGE: min 18yrs and max 55yrs.

PAYMENT OPT.: single premium or repay as EMIs.


BENEFIT: payable in case of unfortunate demise. ENTRY AGE: Min 18yrs and max 50yrs.

ENTRY AGE: Min 18yrs and max 55yrs.

CHILDRENS PLAN
CHILDRENS PLANS: MATURITY BENEFIT: sum assured and bonuses. AGE LIMIT: min 18yrs and max 60yrs. TERM LIMIT: min 10yrs and max 25yrs. BONUSES: simple reversionary and terminal bonuses. YOUNG STAR SUPER II: REGULAR PREMIUM: min Rs15000 and no max limit. AGE LIMIT: Min 18yrs and max 65yrs. TERM LIMIT: Term OF 10, 15 TO 20 Yrs. CHOICE OF FUNDS: short term, income,balanced,blue chip, and opportunity funds. YOUNG STAR SUPER PREMIUM: REGULAR PREMIUM: min Rs15000 and no max limit. AGE LIMIT: Min 18yrs and max 65yrs. TERM LIMIT: Term OF 10, 15 TO 20 Yrs. CHOICE OF FUNDS: short term,income,balanced,b lue chip, and opportunity funds.

CHOOSE SAVINGS TARGET: flexibility to choose as per savings and policy.

LEVEL OF LEVEL OF PROTECTION: any sum PROTECTION: can assured bet. 10times choose as per age. annually premium to 40times annual.

SAVING AND INVESTMENT PLAN


NEW MONEY BACK PLAN AGE LIMIT: Min 14yrs and max 53yrs. SINGLE PREMIUM WHOLE OF LIFE INSURANCE PLAN AGE LIMIT: min 18yrs and max 70yrs CLASSIC ASSURE INSURANCE PLAN AGE LIMIT: min 12yrs and max 60yrs.

TERM LIMIT: term of 12, 16 or 24yrs.

DEATH BENEFITS: gets sum assured and compound reversionary and terminal bonuses.
SUM ASSURED: min Rs 25000 and max Rs 5000000. SINGLE PREMIUM INVESTMENT: min Rs 23750, max Rs 4750000.

TERM LIMIT: 10, 15 or 20 yrs.

BONUSES: single reversionary and terminal bonuses. CHOOSE SAVINGS TARGET: flexibility to choose as per savings and policy. DISCOUNT: on basic premium with sum assured equal or above 5lakhs.

BONUSES: simple revisionary and terminal bonuses. SUM ASSURED AND PREMIUMS: min Rs 12000 annually. LIMITED PAY: pay premiums only for 7yrs.

HEALTH PLANS
HEALTH ASSURE PLAN PLAN OPTION: Silver plan or gold plan option PREMIUM: single premium or annually as per convenience. PLAN TYPE: individual or family floater. FAMILY FLOATER: cover your spouse, childrens, both parents and parents-in-law. CRITICAL CARE PLAN SURGI CARE PLAN ENTRY AGE: min 18yrs and max 55yrs. TERM PERIOD: min 5yrs and max 20yrs. ENTRY AGE: Min 18yrs and max 50yrs. TERM PERIOD: Min 7yrs and max 20yrs.

HEATH COVER: min COVER BASIS: only 2lakhs and max 20lakhs. single life basis. SUM ASSURED DISCOUNTS: sum assured of greater then 10lakhs is entitled for 15% premium discount. PROTECTION AGAINST ILLNESS: health cover against 30 critical diseases. PREMIUM: depends on age,sum asssured,gender,policy term,premium payment. SURGICAL COVERAGE: covers 82 surgical procedures.

PENSION PLANS
PENSION SUPER PLUS PLAN SINGLE PREMIUM PENSION SUPER PLUS PLAN IMMEDIATE ANNUITY PLAN

Flexibility to plan your Invest as much as you can: retirement date as per your single premium or top up need. premium.
Assured benefit on maturity: 101% of all premiums paid. Opportunity to build a fund for retirement. Additional premium allocation rate: 102.5% as allocation rate as per 11th yr. Assured benefit on maturity: 101% of single premium and top up premiums. Opportunity to build a fund for retirement.

Eligibility: min 30yrs and max 85yrs.


Escalation: gross annuity may increase annually at a rate of 5% each yr compounded. Guaranteed term: annuity can be guaranteed to be paid upto 15yrs. Flexibility of income receipts: you can choose to receive income monthly, 3months,6months or yearly.

Operational Highlights
HDFC Life posts Rs 451 crore of profit in 2012-13.
The company recorded 16% positive growth in new business premium income (Individual business) Rs

3,113 crore from Rs. 2,695 crore in 2011-12. 20% growth in Group business. 11%growth in total premium income,Rs 11,323 crore from Rs 10,202 crore in 2011-12.

Market share: Garnered market share of 17.5% (a gain of 200 basis points over previous year).Ranked number 2 amongst private life insurance companies (in Individual business).
Operating expenses ratio: Achieved a tangible decline in expense ratio to 10.8%, one of the best in the private industry. HDFC life made significant investments in new channels, technology, branch refurbishments and international business, to position for growth in future.

Assets Under Management: 24% growth to Rs 40,108 crore

as compared to Rs 32,254 crore in the previous year Balanced product portfolio: Maintained a balanced product mix with ULIPs contributing 61% and conventional business forming 39% of the APE (Annual Premium Equivalent) in the Individual business. Diversified distribution mix: Efforts to fortify and diversify channel mix yielded results with Bancassurance channel contributing 72%, Agency channel 16% and the remaining 12% by Broker, Direct and Online channels.

DISTRIBUTION CHANNELS
HDFC LIFE

Retail

Bank

Brokerage

Bancassurance Partners

HDFC Life Web Selling

Advantages Of Web Selling


HDFC life offers all policy on their website. It is called click to protect .
It is well organised and classified so that people can

easily choose their required policy and the same form is available online. Tax benefits under sections 80Cand 10(10D) of Income Tax Act, 1961 are applied. Flexibility to choose the sum assured and policy term.

Methods Of Premium Payment Offered By HDFC Life


Online Payment-Net banking Facility Online Payment- Credit/Debit Card Premium Payment at Axis Bank Premium Payment at YES Bank E-Collect Automated Voice Guided Payment Mobile Payment MP Online Credit Card Auto Debit Standing Instruction Mandate ECS or Auto Debit Facility Electronic Bill Payment

Conclusion
To conclude insurance is needed to: Plan for unforeseen events Funding Future Goals Planning for Retirement Provide Post Retirement Income Insurance as an Inflation Shield

THANK YOU !!
ByPrathamesh Bhakare (5) Rajvi Gandhi (21) Lavina Jain (25) Niyami Shah (47) Rajvi Shah (50) Sonia Shah (53)