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HDFC Insurance planning

HDFC Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an HDFC insurance company. The company pools clients' risks to make payments more affordable for the insured.

HDFC Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

How HDFC Insurance Works

There is a multitude of different types of HDFC insurance policies available, and virtually any individual or business can find an HDFC insurance company willing to insure them—for a price. The most common types of personal HDFC insurance policies are auto, health, homeowners, and life.

Key Takeaways

  • HDFC Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils.
  • There many types of HDFC insurance policies. Life, health, homeowners, and auto are the most common forms of HDFC insurance.
  • The core components that make up most HDFC insurance policies are the deductible, policy limit, and premium.