HDFC Life Click 2 Protect Plan is a term insurance plan which can be purchased online. This protection plan pays a lump sum amount to the nominee in the event of death of the polidy holder. This is a pure risk protection plan and is available for online purchase without any agent intervention.
HDFC Life Insurance Term Plans Info : HDFC Life Click 2 Protect
Like all other Pure Term Plans, HDFC Life Click 2 Protect pays benefit amount on the death of the policyholder. If the life insured dies within the policy term, then his/her nominee gets the agreed sum assured.
Key Features of HDFC Life Click 2 Protect Term Plan
- Very high claim settlement ratio - over 95.54%*
- Covers all types of death - including death due to terrorist attack / heavy downpour
- No medicals up to a cover of Rs.75 lakh^
- Over 1 lakh families secured through Click2Protect
* company records (for individual and group plans) as on 31st July, 2013.
^ A life cover of 75 lakhs without the hassles of a medical test for age less than 40(Company reserves the right to call for medical tests based on information submitted and subsequent under writing assessment)
Benefits under HDFC Life Click 2 Protect Term Plan
Death Benefit – In case of death of the policyholder / life assured during the policy term, the nominee shall receive the chosen Sum Assured.Maturity Benefit – There is no maturity benefit, survival benefit or paid-up value under HDFC Life Click 2 Protect as it is a pure term plan.
Income Tax Benefit – Premiums paid under a Life Insurance premiums are exempted from taxable income up to Rs. 1,00,000 under section 80c. Amount paid to nominee is also tax-free according to section 10(10D) of the Income Tax Act.
Eligibility conditions and other restrictions in HDFC Life Click 2 Protect Term Plan
Minimum
|
Maximum
| |
Sum Assured (in Rs.)
|
10,00,000
|
10,00,00,000
|
Policy Term (in years)
|
10
|
30
|
Premium Payment Term (in years)
|
Equal to policy term
| |
Entry Age of Policyholder
|
18
|
55
|
Age at Maturity
|
28
|
65
|
Premium (in Rs.)
|
2,000
|
No Limit
|
Payment modes
|
Yearly
| |
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