Get covered at unbelievably low premiums for high sums. It can't get any better.

HDFC Term Insurance

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.

Benefits of HDFC Term Insurance

  • 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.

Types of HDFC Term Insurance

HDFC Life Click 2 Protect 3D Plus

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.

Features

  • The plan provides comprehensive financial shield to you at an affordable cost
  • The plan has a wide variety of plan options i.e. 9 different plan options to select as per your individual requirements
  • Option to select death benefit in lump sum or monthly payments
  • Return of premium option is also available
  • Terminal illness benefit where the death benefit will be paid as an accelerated benefit to ensure financial comfort for the policyholder during tough times.
  • It has in-built accidental total disability and critical illness benefit under different options
  • The plan gives you flexibility to choose your policy and premium payment terms
  • Option to increase life cover as per life stage milestones without the need of medicals
  • Choice to increase your cover annually through top-up option in the term plan
  • Advantage of low premium rates for non-smokers and for people maintaining healthy lifestyle
  • The plan offers tax benefits on premium payment as per prevailing income tax laws

Click 2 Protect Health

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.

Features

Life Protection

  • The plan provides financial protection to you and your family for a very cost effective monthly premium
  • You can customise your plan as per your requirements with 9 different plan options
  • Low premium rate advantage for female lives and non-tobacco users
  • Option to protect yourself for whole life with limited premium payment term
  • Update life cover as per life stage requirements and on key milestones
  • Tax benefits as per prevailing income tax laws

Health

  • Restore your sum insured in case it gets exhausted during the policy year
  • Multiplier benefit which increases your basic sum insured by 50% for every claim free year
  • Offers lifelong renewal if there is no break in the policy and on continuous renewal
  • Cashless transactions at more than 4500 network hospitals in 830 cities across India
  • Easy upgrade option of the health insurance plan at the time of renewal
  • No extra loading charges based on claims

HDFC Life Click 2 Protect Plus

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.

Features

  • The term plan gives you 4 different cover options and offers flexibility to choose one that best suits your needs and requirements.
  • The term plan has monthly income feature under income and income plus option so your loved ones don’t miss the monthly income support in your absence.
  • Cover can be increased under key milestones to ensure right coverage at all times
  • Option to attach riders like accidental disability and critical illness for added protection
  • Policy term options to choose from 10 years to 40 years
  • Select premium paying terms as per your choice
  • Avail tax benefits under prevailing income tax laws

Riders Offered With HDFC Term Insurance

  • 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.

Exclusions of HDFC Term Insurance

Term Insurance exclusions

  • Suicide clause - Death benefit cannot be availed if the policyholder, whether sane or insane, commits suicide within 12 months from the date of the start of the policy term. The nominee defined in the policy document will only get 80% of the premiums paid. If death occurs due to suicide within 12 months of reviving the policy, the nominee will get only 80% of the premium paid.

Accidental death benefit exclusion

  • Accidental death benefit cannot be availed if the death of the policyholder happens after 180 days from the date of the accident, death due to self-inflicted injury, suicide regardless of mental state.
  • Death due to drug abuse except under the guidance of a registered medical practitioner
  • Participation in war, riot, revolution, civil war etc.
  • Participation in flying activity other than as a passenger in a licensed aircraft
  • Take part in any activity of crime nature and intent
  • Adventure sports or race unless mentioned and agreed in terms and conditions of the policy during underwriting.

Critical Illness Exclusions

  • If death occurs within 30 days of diagnosis
  • Any sickness condition manifesting within 90 days of the start of the policy

Claim Process of HDFC Term Insurance

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 : claims@hdfclife.com

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

Natural Death

  • Government or authorised authority-issued death certificate
  • Claim form for death
  • Policy Document - original
  • Nominee Identity and residence proof
  • Any medical records at the time of death and previous illnesses
  • NEFT bank account details
  • Maturity, Money Back & Pension, annuity claim documentation list

Un-natural Death (Accidental death / Murder / Suicide)

  • Government or authorised authority issued death certificate
  • Policy Document - original
  • Nominee Identity & Residence Proof
  • FIR and police report
  • Post Mortem report
  • NEFT bank account details
  • Maturity, Money Back & Pension, annuity claim documentation list
  • Any other additional documentation may be required as per case to case basis

Disaster / Natural Calamities

  • Government or authorised authority-issued death certificate
  • Claim form for death
  • Policy Document - original
  • Nominee Identity and residence proof
  • Any medical records at the time of death and previous illnesses
  • NEFT bank account details
  • Maturity, Money Back & Pension, annuity claim documentation list

Critical Illness Claim

  • Properly filled Claim form of Critical Illness
  • All medical records (past and current) including diagnostics test
  • Policy Document - original
  • Beneficiary/Nominee Identity & Residence Proof
  • NEFT bank account details
  • Maturity, Money Back & Pension, annuity claim documentation list
  • Any other additional documentation may be required as per case to case basis

Review of HDFC Term Insurance

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.

FAQs on HDFC Term Insurance

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:

  • Cancer of specified severity
  • Open Chest CABG
  • First Heart Attack – of specified severity
  • Kidney Failure requiring regular dialysis
  • Major Organ/ Bone Marrow Transplant
  • Stroke resulting in Permanent symptoms
  • Apallic Syndrome
  • Benign Brain Tumour
  • Coma of specified severity
  • End Stage Liver Disease
  • End Stage Lung Disease
  • Open Heart Replacement or repair of heart valves
  • Loss of Limbs
  • Loss of Independent Existence
  • Loss of Sight
  • Major Burns
  • Major Head Trauma
  • Permanent Paralysis of limbs
  • Surgery of Aorta

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.

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