A quick look at HDFC Life's Click 2 Protect term insurance

A quick look at HDFC Life's Click 2 Protect term insurance
HDFC Life has launched by a term insurance plan, HDFC Click 2 Protect for customers who can buy the plan online. The plan is a risk protection plan where the nominee gets a lump sum amount on the unfortunate death of the policy holder.

Benefits available with HDFC Click 2 Protect Plan

Death Benefit: The nominee will get the sum assured according to the plan the policy holder has chosen on the unfortunate death of the policy holder. After that the policy terminates.

Maturity Benefit: The plan does not provide any maturity benefit since it is a term plan and not an endowment plan. To know the difference between a term plan and an endowment plan click here

Income Tax Benefit: Under SEC 80C, premiums paid by the policy holder for life insurance is eligible for tax exemption up to the limit of Rs 1.5 lakh. Death benefit paid to the nominee is also exempted from tax under SEC 10(10D).

Surrender Benefit: If you surrender the plan before its maturity, then you will not get any benefit.

Conditions of HDFC Click 2 Protect Plan

Entry Age: The minimum entry age of the policy holder is 18 years and the maximum age is 55 years.

Age at Maturity: Minimum age at maturity is 18 years and the maximum age is 55 years.

Sum Assured: The minimum sum assured in this plan is Rs 10 lakh and maximum sum assured is Rs. 10 crore.

Policy Term: Policy term can be for the tenure of 10 years to 30 years depending on the choice of the policy holder.

Premium: The minimum premium is Rs. 2,000 and there is no maximum limit.

Premium payment term: Premium payment term is equal to the policy term.

Premium Payment: Premium can be paid online on an annual basis.


HDFC Life has a high claim settlement ratio of HDFC Life is 96.56 per cent. For a healthy non smoker male, no medicals tests are required for a HDFC Click 2 Protect life cover up to Rs. 75 lakh. Moreover, HDFC credit card holders can opt for easy EMI options of three and six months. The term insurance policy is just like any other policy. It's important to study the necessity for medicals under the policy.


Read more about: hdfc life, claim settlement ratio
Story first published: Wednesday, August 13, 2014, 11:32 [IST]
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