HDFC Life Click 2 Protect: Features and Benefits


Most of the private insurance companies have also launched their online term plans. HDFC Life Click 2 Protect is the online term plan from HDFC and is making a lot of buzz in the insurance market. Read this post to find out features and benefits of this plan.

HDFC Life Click 2 Protect is the online term plan from HDFC and is making a lot of buzz in the insurance market. It is one of the most effective term plans present in the market today. The online plans target the young tech savvy people who are aware about the usage of modern technology and banking solutions. If you want to know the details of HDFC Life Click 2 Protect, this post will certainly help you. In this post, I will explain in detail about the features of this insurance plan, its benefits and limitations.

Features and Benefits of HDFC Life Click 2 Protect

The minimum sum assured is Rs 10 lakh while the maximum is Rs 100 crore. The person applying for this policy should have age between 18 and 65. The policy tenure is 10/15/20/25 and 30 years. One has to premium once in a year during the policy tenure. An important benefit of this plan is that you get 30-days looking period. It means that if you are not satisfied with the policy terms, you can return it within 30 days of purchasing it. You will get the refund of the premium after deducting the medical expenses and stamp duty. There is 30 days grace period from the premium payment date. Another benefit is that the insurance support team will itself remind you about the premium payment so that you do not miss any premium. One more advantage of this policy is that it is available in a huge number of cities in India. On the other hand, the online term plans from other insurance providers target the people from tier 1 cities only.

Limitations in HDFC Click 2 Protect Plan

The first limitation is that the maximum age for taking the policy is 65 years. If you check the plans from other insurance companies, they allow up to 70/75 years. Thus if you are above 65, you will not be able to take this policy. Secondly, there is no provision of rider in case of this plan. The only solution in this case is to buy a spate accidental policy. One more limitation of this plan is that you can pay the premium only on annual mode. On the other hand, the other plans offer quarterly or semi-annually premium mode as well. This can give more flexibility to the user. Finally, there are other plans in the market that are cheaper than the HDFC Click 2 Protect.

Should you buy HDFC Click 2 Protect

If you do not have a term plan, then it is certainly a good option. The claim settlement ratio of this company is quite good and the premiums are also affordable. However, if you already have a term plan with sufficient life cover, there is no need to buy another term plan. Most of the people are hesitant to buy online term plans as they are cheap and thus appear doubtful. In reality, these online term insurance plans are cheap because the operating cot is less that the traditional plans.


Comments

Author: Natarajan15 Nov 2017 Member Level: Gold   Points : 3

Brief details about this is a pure term plan that's a good option in the current market.Some individual look for additional riders like disability cover, critical illness cover. The claims settlement ratio is around 95% a little lower than LIC(98.33%) and Max life (97%). For individual keen to take a policy with rider benefits, then they can consider the HDFC life Click to protect 3D plus ( death, disease and disability).



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