HDFC Life Insurance Term Plans Info : HDFC Life Click 2 Protect - InsuranceRise

Monday, 11 January 2016

HDFC Life Insurance Term Plans Info : HDFC Life Click 2 Protect



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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