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SBI vs HDFC Life Insurance Comparison

The difference between SBI life and HDFC life is that they are two financial institutions in India. They both provide services to their customers like insurance, banking, investments, etc. SBI Life Insurance Company was incorporated as a public limited company in Mumbai on 11 October 2000. HDFC Standard Life Insurance Company Limited was incorporated as a public limited company in Mumbai on 14th August 2000.

SBI Life vs HDFC Life

HDFC Life Insurance

HDFC Life Insurance is a standard life insurance company supporter of housing development Finance Corporation limited. It is a joint venture between HDFC Ltd and standard life Aberdeen, a global investment company. HDFC Life insurance company is a leading long-term life insurance provider; the company proposes individual and group insurance solutions that meet policyholders' requirements as investment, savings, pension plans, protection, and health, etc.

HDFC Life insurance company has 13 group plans, 37 individual, and 7 optional rider benefits which will benefit the customer needs. HDFC Company has partnerships with NBFCs, MFIs, and SFBs, these make HDFC Life Insurance company the strong base financial consultants. Hdfc life insurance has seen a drastic rise in the last decade. Hdfc Life Insurance Company offers term life insurance, pension plans, Savings Plans, ULIP plans, Health Plans, Child Plans, Group Insurance Plans, mutual funds, and other financial products.

HDFC Life Insurance Share Price is as per the IRDAI Annual Report; in the financial year, 2019-20 was 17,238.45 Crores. The company is the 55th largest company in India by market cap. The hdfc life insurance has a price-to-earnings ratio of 17 which means that for every 100 rupees invested for one year, the company will generate 17 rupees profit after tax at the current rate of taxation.

Hdfc Life Insurance Plans

The Hdfc offers a wide range of life insurance policies in India. They currently service over 10 million customers worldwide through 21,000 branches. The company is based out of Mumbai and has offices across the world. Hdfc life insurance plans provide you with a variety of options for your protection needs.

Type of Plans HDFC Life Insurance Plans
Term Plans
  • HDFC Life Click 2 Protect Life
  • HDFC Life Saral Jeevan Bima
Savings Plans
  • HDFC Life Sanchay Plus
  • HDFC Life Sanchay Par Advantage
  • HDFC Life Sanchay
  • HDFC Life ClassicAssure Plus
  • HDFC Life Super Income Plan
  • HDFC Life Sampoorn Samridhi Plus
  • HDFC Life Uday Plans
  • HDFC Life Pragati Plans
ULIP Plans
  • HDFC Life Click 2 Wealth
  • HDFC Life Click2Invest ULIP
  • HDFC Life ProGrowth Plus
  • HDFC SL ProGrowth Super II
  • HDFC SL Crest
  • HDFC SL ProGrowth Flexi
  • HDFC Life Smart Woman Plan
  • HDFC Life Pragati Plans
  • HDFC Life Sampoorna Nivesh
  • HDFC Life Classic One
  • HDFC Life Capital Shield
Pension Plans
  • HDFC Life New Immediate Annuity Plan
  • HDFC Life Click 2 Retire
  • HDFC Guaranteed Pension Plan
  • HDFC Life Personal Pension Plus
  • HDFC Life Assured Pension Plan
  • HDFC Life Saral Pension
Child Plans
  • HDFC Life Click 2 Wealth
  • HDFC Life Click 2 Retire
  • HDFC Life Youngstar Udaan
POS Plans
  • HDFC Life Guaranteed Savings Plan
Combo Plans
  • HDFC Life Sanchay Maximiser

HDFC Life Insurance Premium Calculator

The HDFC Life Insurance calculator helps you to calculate how much coverage you need. It is an online tool that helps you determine your required sum assured and term of insurance. This calculator can be used for calculating the premiums for life insurance, which is affordable if the premiums are paid over a period of 5-10 years. You can also use this tool to understand how much coverage you need for your needs over the next 10-20 years. The calculator takes into account factors like whether one parent or both parents are alive, whether there are any other sources of lifetime income, etc.

HDFC Life Insurance Policy Renewal Online

Hdfc life insurance policy renewal online is a process of renewing the policy of life insurance. The Hdfc life insurance policy renewal online process is done through the internet at www.hdfclifeinsurance.com. The customers of Hdfc life insurance can easily get their service on the net without any hassle at all. The customers of Hdfc life insurance can do their transaction on www.hdfclifeinsurance.com by giving a few details about themselves, which are asked for during the registration process of their account on the site so that they can have easy access to do business with them and also enjoy the benefits offered by them too. Otherwise, you can renew your HDFC life insurance policy through PolicyBachat.

You can renew your life insurance policy online without worrying about the need to go to the insurance company to pay the premium. PolicyBachat is an online insurance web aggregator you can buy/renew the best life insurance policy from the best life insurance provider online easily in simple steps. To renew your life insurance policy online please contact our agent who can assist you in the renewal process. Insurance companies send a payment link to the customer to renew the life insurance policy; once the payment is made renewal intimation will be sent to the customer. Renew life insurance policy through multiple options using Net banking, Credit card, Debit card, UPI wallets, and bill pay online.

SBI Life Insurance

SBI Life is a joint venture between State Bank of India, the largest state-owned banking and financial services company in India and BNP Paribas Cardiff – a French Multinational bank and financial services company with HO in Paris. SBI Life insurance company, one of the most trusted life insurance companies in India, was incorporated in the year 2000 and started operations after registering with the Insurance Regulatory and Development Authority of India in March 2001.

SBI Life insurance company limited has a vast presence in Pan India through its 947 offices which are operating from different parts of the country. They have a productive individual network of 1,70,096 agents, 57 Corporate agents, a widespread Banc assurance network of 14 partners, more than 28,000 partner branches, and 107 brokers and other insurance marketing firms. SBI Life was able to touch over 4.3 Lakhs direct beneficiaries through various CSR initiatives.

SBI Life Insurance will give you the opportunity to live a hassle-free life with its wide range of products that can meet your needs. The company offers a range of products that are designed with the customers in mind and provide them with convenience and comfort. One such product is SBI Super Shield, which can be bought online in minutes. If you are interested in buying a policy from SBI Life Insurance, use their website for a quick and easy mode of purchasing it. You will also get access to their customer service department in case you have any queries or concerns about the policies they offer.

SBI Life insurance company has different insurance products that suit individual as well as institutional customers. SBI life insurance products include Term insurance with return of premium, Term insurance with investment, Money back plans, SBI life Annuity plans, Retirement plans, Child plans, ULIPs, etc. The SBI Life Insurance has a share price of 16592.49 Crores as per the IRDAI Annual Report in FY 2019-20. The share price for this company is expected to grow in the coming months.

SBI Life Insurance Plans

A life insurance plan is a type of insurance that provides coverage in the event of death. When someone dies, the life insurance will typically pay out a lump sum, which is an agreed-upon amount of money. You can buy SBI life insurance plans with one year term to get 10% cashback on premiums.

Type of Plans SBI Life Insurance Plans
Protection Plans
  • SBI Life eShield Next
  • SBI Life Saral Jeevan Bima
  • SBI Life Poorna Suraksha
  • SBI Life Sampoorn Cancer Suraksha
  • SBI Life Corona Rakshak Policy
  • SBI Life Smart Shield
  • SBI Life Smart Swadhan Plus
  • SBI Life Saral Swadhan+
  • SBI Life Grameen Bima
Child Plans
  • SBI Life Smart Champ Insurance plan
  • SBI Life insurance child plan Smart Scholar
Savings Plans
  • SBI Life Smart Platina Assure
  • SBI Life New Smart Samriddhi
  • SBI Life Smart Future Choices
  • SBI Life Shubh Nivesh
  • SBI Life Smart Bachat
  • SBI Life Smart Humsafar
Pension Plans
  • SBI Life Retire Smart plan
  • SBI Life Annuity plus
  • SBI Life Saral Retirement Saver
  • SBI Life Saral Pension plan
Money-Back/Income Plans
  • SBI Life Smart Money Back Gold
  • SBI Life Smart Money Planner
  • SBI Life Smart Income Protect
Wealth Creation Plans
  • SBI Life eWealth Insurance
  • SBI Life Smart InsureWealth Plus
  • SBI Life Smart Wealth Builder
  • SBI Life Smart Wealth Assure
  • SBI Life Smart Power Insurance
  • SBI Life Smart Elite
  • SBI Life Smart Privilege investment plan
Group Plans
  • SBI Life Kalyan ULIP Plus
  • SBI Life Pradhan Mantri Jeevan Jyoti Bima Yojana
  • SBI Life CapAssure Gold
  • SBI Life Sampoorn Suraksha
  • SBI Life Swarna Jeevan Plus

SBI Life Insurance Premium Calculator

The SBI life insurance calculator is designed by the State Bank of India. The purpose of this calculator is to help customers understand how their premiums are calculated. This calculator calculates the customer's monthly premium based on age, sum assured, and tenure. The customer can also choose to have a single or joint life cover or have an additional rider for parents in case they want to make their parents' lives secure.

SBI Life Insurance Policy Renewal Online

You can get an SBI life insurance policy renewal online by visiting the website and filling out the form. It takes a few minutes and you don’t need to talk to anyone. You can renew your sbi life insurance policy online by logging into your account and selecting the renewal option from your dashboard. This is not available for all policies, but you can call their customer care number for more details. Otherwise, you can renew your life insurance policy online at PolicyBachat easily.

You can Renew your SBI Life insurance renewal has never been simple as it is now. With the advent of technology, the life insurance renewal process is simple. You can renew your life insurance policy online without worrying about the need to go to the insurance company to pay the premium. To renew your life insurance policy online please contact our agent who can assist you in the renewal process. Insurance companies send a payment link to the customer to renew the life insurance policy; once the payment is made renewal intimation will be sent to the customer. Renew life insurance policy through multiple options using Net banking, Credit card, Debit card, UPI wallets, and bill pay online.

Comparison of SBI Life vs HDFC Life

Parameter SBI Life HDFC Life
Claim Settlement Ratio 94.52% 99.07%.
Solvency Ratio 2.15 1.91
Online Availability Yes Yes
Life Cover Up to 99 years Up to 99 years
Critical Illness Benefit Available Available
Accidental Death Benefit Available Available
Market Share Increased 20% Increased 6.64%

Which is the best Policy SBI Life vs HDFC Life?

To protect the policyholder from unfortunate events which make an adverse impact financially, it is better to be insured. Check all the features and benefits of sbi life insurance and HDFC life insurance before concluding the right insurance policy. Configure the premium with the benefits availed on SBI life vs HDFC life. Compare sbi life insurance vs HDFC life insurance through life insurance quotes for the best life insurance plans in India from top insurers online at PolicyBachat.com.

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