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HDFC term insurance plans gives a large sum assured for an affordable premium so that maximum number of people can take benefit from it. HDFC term plans provide comprehensive coverage and the life protection can be further customised and enhanced with availability of riders.
Life stage feature of HDFC Term Plans ensures your cover is enhanced as per your life stage requirements.
With HDFC term insurance plan you can assure yourself that your loved ones will be financially secure in your absence. The term plans have wide variety of choices to cater to wider audience and their individual requirements.
Affordable premiums – HDFC term insurance plans are cost effective and affordable with premiums that do not put a financial burden on you.
Flexibility – HDFC term insurance plans offer many different coverage options for selection, giving you freedom of choice in term plans as per your individual requirements.
MWPA enrolment benefit – You can enrol in the HDFC term insurance plans under MWPA act to ensure that your death benefit is secured only for your loved ones legally.
Tax benefits – Tax benefit can be availed in the HDFC term plans for premium payment and benefit receivable under sections 80C and 10(10D) of the Income Tax Act, 1961.
Lower premium for healthy lifestyle – HDFC term plans reward you with lower premium for maintaining a healthy lifestyle.
HDFC Life Click 2 Protect 3D Plus is a comprehensive term insurance plan from HDFC life insurance which is available online at an affordable price. The 3D in the name of the plan stands for three uncertainties of life which are mainly Death, Disease and Disability. With this term plan you get to shield your financial protection against these dreaded possible events. HDFC Life Click 2 Protect 3D Plus term plan gives you the flexibility of 9 plan options to select as per your individual requirements.
|Eligibility Criteria||All Options (with the exception of Life Long Protection Option & 3D Life Long Protection Option)||Life Long Protection Option & 3D Life Long Protection Option|
|Minimum Entry Age||18 years||25 years|
|Maximum Entry Age||65 years||65 years|
|Minimum Policy Tenure||5 years||Whole Life|
|Maximum Policy Tenure||40 / 50 years||Whole Life|
|Premium Payment Mode||Single Regular Pay, Limited Pay: 5 years to 39 years||Limited Pay: (65 - Age at Entry or 75 - Age at Entry)|
|Premium Payment Frequency||Single, annual, semi-annual, quarterly and monthly||Annual, semi-annual, quarterly and monthly|
|Minimum Maturity Age||23||Whole Life|
|Maximum Maturity Age||75 / 85 years||Whole Life|
|Minimum Basic Sum Assured||Rs. 10,00,000||Rs. 10,00,000|
This term insurance plan is in collaboration with two world class life and health insurance companies, HDFC life and Apollo Munich Health Insurance. This plan provides you dual benefit of health and life insurance in a single affordable term plan.
|Eligibility Criteria||All Options except Life Long Protection Option & 3D Life Long Protection Option||Life Long Protection Option & 3D Life Long Protection Option||-|
|Minimum Entry Age||18 years||25 years||91 days|
|Maximum Age at Entry||65 years||60 years||65 years|
|Minimum Policy Term||5 years||Whole Life||1 year|
|Maximum Policy Term||40 / 50 years||Whole Life||2 year|
|Minimum Maturity Age||23 years||Whole Life||Life Long on continuous Renewals|
|Maximum Maturity Age||75 / 85 years||Whole Life||Life Long on continuous Renewals|
|Sum Assured||10 lakhs - no upper limit||10 lakhs - no upper limit||3 lakhs / 5 lakhs / 10 lakhs / 15 lakhs / 20 lakhs / 25 lakhs / 50 lakhs|
HDFC Life Click 2 Protect Plus term insurance plan safeguards the future of your family for a nominal premium cost. The plan guards you and your family against the risks that life may throw at you. The term insurance offers wide range of coverage options which you can pick depending upon your individual needs. The plan has multiple payment options so the death benefit can be optimally utilised by the beneficiaries.
|Sum Assured||Rs. 25,00,000||No upper limit applicable|
|Policy Tenure||10 years||40 years|
|Premium Payment Term||Regular, limited or single||Regular, limited or single|
|Entry Age of the Life Insured||18 years||65 years|
|Maturity Age||28 years||75 years|
|Payment Modes||Yearly, half-yearly, quarterly or monthly||Yearly, half-yearly, quarterly or monthly|
The Common Services Centre (CSC) is a strategic cornerstone of the National e-Governance Plan (NeGP), approved by the Government in May 2006, to introduce e-governance on a massive scale in Rural India. Each CSC serves a cluster of 6-7 villages (approximately 1400 households), thereby covering more than 6.5 lakh villages across India. The CSCs are being looked at as a change agent, not only as service delivery points, but also as key contributor in promoting rural entrepreneurship, building rural capabilities and livelihoods by enabling community participation and thus, leading to a collective social change. In order to facilitate inclusion of this section of the population into mainstream insurance, HDFC Life has launched CSC Suraksha.
HDFC CSC Suraksha Plan offers a benefit amount to the beneficiary on the death of the life insured during the policy tenure. This enables the policyholder to ensure the financial stability of his/her family and fulfil their future aspirations, even in his/her absence.
Once the Death Benefit is paid to the beneficiary, the policy stands terminated. It also implies that the policyholder or the beneficiary will no longer be eligible for any benefits of the policy.
The beneficiary can avail the Death Benefit after the policyholder’s death only when the premiums have been paid up-to-date by the policyholder till his/her death and that the policy is in force at the time of the claim.
As per this Death Benefit, the beneficiary receives an amount that is one of the following three, whichever is the highest: Sum assured or 105% of the entire premium paid till the time of demise, or 10 times the annualised premium.
The annualised premium offered as a part of Death Benefit is not inclusive of the loadings for modal premiums and any amount paid as taxes, such as service tax, education cess, etc.
There is no maturity benefit available in this plan .
Surrender Value is not applicable for this HDFC term insurance policy.
The premium payment will be equivalent to the policy tenure.
Premium payments can be done monthly, quarterly, half-yearly or yearly.
Includes tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, except on certain terms and conditions.
This HDFC term insurance plan is issued instantly and the process is quick and paperless
|Minimum Entry Age||18 years|
|Maximum Entry Age||55 years|
|Minimum Maturity Age||23 years|
|Maximum Maturity Age||60 years|
|Minimum Policy Term||5 years|
|Maximum Policy Term||15 years|
|Minimum Sum Assured||Rs. 30,000|
|Maximum Sum Assured||Rs. 2,00,000|
|Payment frequencies for premium||Annually, semi-annually, quarterly or monthly|
|Minimum annualised premium||Rs. 112|
Term insurance is known for the convenience of offering low premiums as compared to other categories of life insurance policies. The lower your age, the lower will be your premium eligibility. The premiums are even lower for term insurance policies purchased online.
Pure life cover
‘Pure life cover’ implies that term insurance includes only the benefits of an insurance plan and does not have any investment component. All that the policyholder needs to do is pay the pre-determined premiums within the stipulated due dates to ensure the financial protection for his/her family in case of his/her unexpected death during the policy term.
On the death of the policyholder during the policy term, term insurance either offers a mix of lump sum and monthly income, or lump sum with increasing monthly income, as opted for by the policyholder. This enables the family to meet regular expenses and also tackle the inflationary impact, even when he/she is not around.
A varied range of add-on riders available with basic term insurance plans enhance its effectiveness. These riders are offered on an additional payment over and above the premium payment for the basic plan. Some of the popular riders are Critical Illness rider, Personal Accident rider, Waiver of Premium (WoP) rider, etc.
Term insurance plans offer tax benefits of up to Rs. 1.5 lakh on annual premium payments as per Section 80C of the Income Tax Act, 1961. There are also tax benefits of a maximum of Rs. 1.5 lakh on certain pay outs as death benefit on the demise of the policyholder. The Maturity and Death Benefit are fully exempt as per Section 10 (10D) of the Income Tax Act, 1961.
HDFC Life Critical Illness Plus Rider: HDFC Life Critical Illness Plus Rider offers financial coverage of lump sum benefit which is equal to the sum insured on the diagnosis of any of the specified 19 critical illnesses. The condition is that the life assured needs to survive for a period of 30 days following the diagnosis to avail the rider benefit.
HDFC Life Income Benefit on Accidental Disability Rider : HDFC Life Income Benefit on Accidental Disability Rider offers you financial protection of monthly income if the policyholder becomes permanently disabled following an accident. The policyholder will receive regular income on a monthly basis which will be equal to 1% of sum assured for a fixed time duration of 10 years.
Term Insurance exclusions
Accidental death benefit exclusion
Critical Illness Exclusions
HDFC has a simple claim process and high claim settlement ratio. It has a dedicated claim assistance team and has honoured 97.62% of individual claims.
HDFC Term Plan Claim Settlement Process:
Inform HDFC life of the claim by filling the claim form which is available on the HDFC life website.
You can also email the company for claim intimation on the below email addresses:
Life Insurance/Critical Illness Claims : firstname.lastname@example.org
The following are the documents that you may require for claim process
Below is a tentative list which will help you to arrange the documents for submission to get your claim settlement quickly
Un-natural Death (Accidental death / Murder / Suicide)
Disaster / Natural Calamities
Critical Illness Claim
HDFC offers comprehensive and wide variety of Term Insurance plans for selection. It includes almost all the features in the term plans that are being offered in the insurance industry by other insurers. It also has a unique term and health insurance combined combi plan which is a good mixture of insurance for an individual. HDFC Life also has good claim settlement ratio highlighting the seamless and hassle-free claim settlement process of the company. If you are looking for a term plan, HDFC term plans are worth a look and good buy for the financial protection of your loved ones.
Whom should I contact, if I have a query on HDFC Life Term Insurance Plans?
HDFC Life has a dedicated customer service to solve all your queries relating to the life insurance product on their website. You can contact them on their toll free number 1800 266 9777 or via email at Buyonline@HDFCLife.in.
What is the free look up period in HDFC Life Click 2 Protect 3D Plus term insurance plan?
HDFC Life Click 2 Protect 3D Plus term insurance plan offers free look up period of 15 days and 30 days if the policy was purchased through online/distance marketing. If you don’t agree with any of the terms and conditions after buying the term plan, you can return it to the company stating the reason within the stipulated time period.
Is there any paid-up benefit under accidental disability rider?
No, there is no paid-up benefit under accidental disability rider. If you stop paying the premium for the rider during the policy term, then the rider benefit will cease and rider will lapse.
Which are the 19 critical illnesses specified under critical illness rider?
The following are the 19 critical illnesses defined under critical illness rider:
What is the difference between a combo and combi plan in a life insurance product?
When two or more products of the same company are combined in a single insurance plan and sold is called combo plan. When a product of different insurers are combined together for solution is called a combi plan, for example Click 2 Protect Health term insurance plan, which offers features of both term plan and health insurance plan.