HDFC Life Click 2 Protect Life is a term insurance plan offered by HDFC Life Insurance Company. A term insurance policy is one of the most essential products for your financial portfolio if you have dependents who rely on your income for their expenses. With this plan, your family will be paid a sum of money as a death benefit, in case you pass away during the policy term. This money can provide the financial cushion they need to continue with their present lifestyle as well as achieve their big dreams in life, without being held back because of money.
This product is reasonably priced in comparison to other products and includes customizations like a comprehensive critical illness rider and a Rolling Limited Pay option, which allows you to choose the exact number of years over which you'd like to pay your premiums (as specified by the insurer). However, it doesn't allow you to choose the increasing cover option and there are not many choices available for customizing how your family receives the claim amount. According to our research, the insurer has received fewer complaints related to claim settlement and policy purchase, indicating a good track record in both the purchase process and claims service experience.
HDFC Life also known as HDFC Life Insurance Company Limited is a Life Insurance Company in India. It was founded in 2000 and is a joint venture between HDFC Ltd., one of India’s leading housing finance institution and Standard Life Aberdeen, a global investment company. The company is headquartered in Mumbai its CEO/CMD is Vibha Padalkar.
HDFC Life Click 2 Protect Life is a term insurance plan offered by HDFC Life Insurance Company.
This particular product comes with an exclusive feature where it allows you to choose the exact number of years for which you wish to pay your premium until the maturity of your policy, after the completion of the first 5 years of buying the policy. HDFC Life holds an exceptional purchase and claims service track record, meaning your family is very likely to get a smooth experience.
However, this plan is substantially more expensive than other term insurance plans in the market. And it does not allow you to choose some important customizations such as increasing cover nor does it give you many options to customize how your family will receive the claim.
Here’s the HDFC Term Plan review.
The HDFC Life Click 2 Protect Life comes with additional benefits known as riders. You don’t need to buy every rider, but you consider looking into the ones that suit your needs. It includes -
Here are a few reasons why you can consider purchasing from HDFC Life -
Buying term insurance is important when you are the only financially independent member of your family and have large responsibilities over your shoulders. Now that we have discussed most of the pros on why you should consider HDFC Life Click 2 Protect Life and its insurer, here are some of the cons that you could consider as well while taking your final decision. The disadvantages of buying term insurance from HDFC Life are-
HDFC Life, also known as HDFC Standard Life Insurance Company Limited, is a Life Insurance Company in India. It offers Term Life Insurance Plans, Traditional Savings Plans, and Unit Linked Insurance Plans. Founded in the Year 2000, it is a joint venture between Housing Development Finance Corporation Limited and Standard Life Limited. The company is headquartered in Mumbai and has 420 branches across India. The CEO / CMD of the company is Ms. Vibha Padalkar.
Based on the 100+ parameters across product features, claims experience and customer service quality - analyzed by our in-house research team, the HDFC Life Click 2 Protect Life gets an overall Beshak⭐Rating of 3.4/5.
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