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HDFC LIFE Salem Ramakrishna Road Branch
HDFC Life
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Frequently Asked Questions (FAQS)
- HDFC Life Ramakrishna Road, Salem is located at the following address: No 11, 1st Floor, Balaji Towers Ramakrishna Road Salem-636007.
- HDFC Life Ramakrishna Road, Salem working hours are Monday (09:30 AM-03:30 PM),Tuesday (09:30 AM-03:30 PM),Wednesday (09:30 AM-03:30 PM),Thursday (09:30 AM-03:30 PM),Friday (09:30 AM-03:30 PM),Saturday (09:30 AM-03:30 PM).
- The payment options available at HDFC Life Ramakrishna Road, Salem are Debit Card, Master Card, Visa.
- The parking options available at HDFC Life Ramakrishna Road, Salem are Off-site parking nearby, Street parking.
- HDFC Life Ramakrishna Road, Salem can be contacted at +912268446530. Alternatively, existing policy holders may reach out to our customer care at 1860-267-9999.
- Fast And Convenient : Quick and easy steps towards a protected and prosperous future.
Minimum Paperwork : Policy issued with minimum paperwork.
Economical : Buying a term insurance policy online is cost effective compared to other modes.
Real Time Tracking : You can track the application status through customer portal.
- On successful payment and fulillment of all required documents and medical report (if applicable), your policy will be underwritten by us. Our endeavour will be to share a decision with you within 2 working days of submission of all necessary inputs (premium payment, application form, documentation, medical reports or information as required).
- Term insurance is a life insurance policy that provides financial protection for a specific term. If the insured person passes away during the policy term, the nominee receives the death benefit. It's the most affordable option to secure family financial stability.
- Life insurance ensures your family’s financial security by covering debts, maintaining their lifestyle, and funding future needs, like children's education. It provides peace of mind knowing your loved ones will be financially protected after your death.
- Term insurance offers affordable premiums, high coverage, and financial protection in case of death. It helps cover your family’s living expenses, future education, and outstanding debts, offering them a financial safety net.
- Life insurance is essential for individuals with dependents, loans, or people who want to ensure a stable future for their family in the event of their untimely death.
- Choose a term insurance policy by considering your family’s financial needs, existing liabilities, age, and income. Ensure the sum assured is sufficient to cover debts and future expenses.
- The coverage for term insurance typically ranges from ₹5 lakh to ₹10 crore, depending on your financial needs and the insurer’s policy.
- Yes, many insurers offer the option to increase the coverage amount during the policy term, especially if there’s a significant life event, like marriage or the birth of a child.
- If you miss a premium payment, your policy might lapse. However, most insurers offer a grace period for payment. You can also opt for a revival option to reinstate your policy.
- To file a claim, submit the death certificate, policy documents, and other required forms to the insurer. The insurance company will process the claim and pay the sum assured to the nominee.
- The sum assured should cover outstanding debts, future expenses like education, and living costs. Use an online life insurance calculator to estimate the required coverage based on your financial goals.
- Yes, under Section 80C of the Income Tax Act, life insurance premiums are eligible for tax deductions of up to ₹1.5 lakh annually. Additional deductions are available under Section 80D for health riders.
- The main types of life insurance are term insurance, whole life insurance, ULIPs, retirement plans, child plans, and savings and investment plans. Each offers different benefits tailored to specific financial goals.
- Choose a beneficiary based on trust and their need for financial support. It can be your spouse, children, or any dependent family member.
- Yes, riders such as critical illness, accidental death, or disability coverage can be added to term insurance plans for an additional premium.
- Yes, life insurance policies can be canceled during the free-look period, typically 15 days from the date of purchase, with a full refund of premiums.
- Life insurance policies, like retirement plans, help accumulate funds for retirement. These plans provide regular income after retirement, ensuring a steady flow of money when you stop working.
- Yes, many term insurance policies include accidental death coverage, ensuring your family gets a higher benefit if death occurs due to an accident.
- Term insurance provides coverage for a fixed term, while whole life insurance offers lifelong coverage with a savings component. Whole life insurance is more expensive than term insurance.
- The premium is determined based on factors like age, health, coverage amount, term length, and lifestyle habits (smoking, alcohol use).
- Yes, you can switch your policy or convert your term insurance into a permanent life insurance policy if the insurer allows, subject to the terms and conditions.