HDFC Click to Protect Plus, How does it Varies from different term Insurance Plan?

HDFC click to protect plus is a pure term plan that provides a large amount of life coverage as compared to the other term plan in a very affordable premium rates. HDFC Click to protect plus is a comprehensive plan that offers numerous benefits to the insurance seekers and fulfills their requirements. As compared to the other term insurance plans HDFC click to protect plus offers some extra features like: -

1.     It provides an option to the policy holder under which they can increase the coverage on major events of life such as marriage and child birth.

2.     It provides add-on benefit as accidental death benefit.

3.     The plan offers payout as lumpsum plus monthly claim settlement.

Further in this article we have describes some of the key features and benefits offered by the policy.

Some of the Salient features of the Policy are: -

1.     The tenure of the policy ranges from 10 years to 40 years.

2.     The plan provides an option to take death benefit as lumpsum amount or as monthly income over the period of 15 years.

3.     The insured can also choose add-on benefit as accidental death benefit rider by paying some extra amount along with the premium amount.

4.     The maturity age of the policy rages from 28 years to 75 years

5.     The insured can pay premiums in yearly, half- yearly, quarterly and monthly mode.

6.     The policy provides three options of premium payment regular, limited and single.

7.     The minimum sum assured amount of the policy is Rs25,00,000 and the maximum sum assured of the policy has no upper limit.

8.      

HDFC click to protec is very different as compared to other term insurance plan as it provides the insured to choose from 4 options of coverage.

1.     Life option- This is the basic coverage offered by the policy. Under this option a lumpsum amount is paid to the nominee as death benefit.

2.     Extra Life Option comes with inbuilt accidental death benefit. Under this option the sum assured as death benefit along with extra sum assured amount in case of accidental death of the insured person.

3.     Income Option- under this option a certain part of sum assured is paid as death benefit and the remaining amount is paid as monthly income for the tenure of 15 years.

4.     Income Plus option- in this option along with the sum assured as death benefit and monthly income for the tenure of 10 years. At 10% per annum the monthly income chosen can be as level or increase.

Benefits offered by HDFC Click to Protect Plus

Maturity benefit-  As this is a pure term plan it does not include any maturity benefit.

Death benefit- depending upon the option chosen by the policy holder a death benefit is payable to the beneficiary of the policy in case of unfortunate demise of the insured person.

 Income Tax Benefit- up to Rs 1,50,000 amount of premium paid is allowed for tax rebate each year under section 80C of income tax act. Under section 10(10D) the maturity amount received from the plan is also tax exempted according to the Income Tax Act.

Additional Benefit-  An accidental death benefit rider is provides under the policy which offers an extra sum assured along with the basic sum assured amount in case of accidental death of the insured.

Life Stage Protection feature- under this feature the insurance holder have an option to increase the life cover on the certain milestones of life like marriage, buying home and child birth.

With so many extra features offered under same plan HDFC Click to Protect Plus excels as a term plan as compared to the other term insurance plans. 

To know more about HDFC term insurance plan.