- About Coverfox
HDFC Standard Life Insurance Company Limited is a joint venture of HDFC Ltd. and Standard Life Aberdeen. It commenced operations in the year 2000 and has become one of the most sought after life insurance companies in India. It provides individual and group insurance solutions which include protection, pension, savings, health and investment.
HDFC Life has 413 branches all over India with 34 individual and 11 group products in its portfolio.
HDFC Life Click 2 Protect Plus is one of the most comprehensive insurance policies in the company's portfolio. HDFC also has an advanced and enhanced plan known as HDFC Life Click 2 Protect 3D Plus; 3D here represents death, disability, and disease. This insurance plan is a financial safety net for you and your family in case any of these unfortunate events occur.
The HDFC Life Click 2 Protect Plus plan has many helpful features that assure its utility in the time of need.
It provides a comprehensive insurance coverage for the policyholder and their dependents at economic interest rates.
This plan maybe customised as per your requirements by choosing 4 different options.
It offers the policyholder the flexibility to choose their premium and payment terms.
Special premium rates are available for women.
Good premium rates for those with healthy lifestyle habits like non-smokers.
Tax benefits as per the current laws and regulations.
There are nine plan options available under HDFC Life Click 2 Protect Plus, namely-
This option allows the policyholder's nominee or dependent to receive a lumpsum on the death of the insured member. The sum assured, premium amount, and policy term must be chosen at the time of the policy's inception.
Extra Life Option
Along with the life option, the policyholder's dependent would receive an extra life sum assured which is equal to Sum Assured in case of death due to accident. Thus, the nominee receives a lump sum at the time of death of the policyholder and the policy terminates.
This customisation option in the HDFC Life Click 2 Protect Plus allows the policyholder to provide a steady income to their nominee along with a lump sum in case of his/her death.
In order to avail this option, the policyholder would have to select the following at the time of inception of the policy:
a. 10% of the amount is given in lump sum to the nominee in case of the death of the policyholder.
b. Remaining 90% of the Death Benefit shall be paid as monthly income over next 15 years
Income Plus Option
Life Stage Protection
Under this plan, there is an option to raise the basic sum assured without underwriting, in case any of the below events occurs in the life of the policyholder:
Birth of first child.
Birth of second child.
However, the following criteria should be met if this option is to be availed:
The policyholder should be less than 45 years in age at the time of the events mentioned above.
The life insured should be underwritten as a standard life at the inception of policy.
The option is available only for six months from the date of the occurrence of the above events.
The eligibility criteria for the HDFC Click 2 Protect Plus insurance plan vary as per the options and plan that are selected by the policyholder as per their requirements.
They can be summarised as follows:
|ENTRY AGE||MIN. 18 YEARS AND MAX. 65 YEARS|
|Minimum Entry Age||18 years.|
|Maximum Entry Age||65 years.|
|Minimum Policy Term||10 years|
|Maximum Policy Term||40 years|
|Premium Payment Mode||Single pay, regular pay, or limited pay.|
|Premium Payment Frequency||Annual, semi-annual, quarterly, and monthly.|
|Minimum Age at Maturity||28 years|
|Maximum Age at Maturity||75 years|
|Minimum Basic Sum Assured||Rs 25,00,000.|
The HDFC Life Click 2 Protect Plus Plan can be bought online easily. The following steps maybe followed for the same:
Select the plan option.
Choose the sum assured and the plan option that best suits your requirements.
The policy and premium payment term of the policy.
Generate a Quote for the Premium:
This is done by filling out the following details:
Mention whether you are a smoker or non-smoker.
Provide Relevant Information
This requires you to enter some information as follows:
Family medical history.
Accept the terms and conditions of the policy.
The policy document for your HDFC Life Click 2 Protect Plus Plan will be sent to you as per the customisation you have opted for and according to the terms and conditions. The final step to keep the policy from lapsing is to pay your premiums on time.
The HDFC Life Click 2 Protect Plus is a good choice overall with specific benefits that cover a wide variety of options for those with different requirements.
There are four customisable options that can be used to make the plan more flexible for the policyholder and their dependents. These include life option, extra life option, income option and Income Plus Option.
HDFC Life Click 2 Protect Plus insurance plan is a safeguard for the policyholder and their dependents and one of its best features is its flexibility. Opting for this plan would truly empower the policyholder to safeguard their dependents' future in case of an untoward event.