HDFC Life Click 2 Protect Life is a term insurance plan offered by HDFC Life, which is also known as HDFC Standard Life Insurance Company Limited. 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 amount will ensure that your family will be able to meet all their regular needs as well as fulfil their future dreams, without having to compromise on their present lifestyle.
A key feature of this plan is that it offers Rolling Limited Pay, which allows you to select the exact number of years for which you wish to pay premiums (as specified by the insurer). As per our research, the insurer has received fewer number of policy purchase and claim settlement complaints, and they also have a good track record of settling claims faster. This means that you and your family are likely to get a smooth experience. On the flip side, however, this plan doesn’t offer important customizations such as increasing cover, early exit option and doesn't give you many choices to customize how your family will receive the claim amount. Further, it is also considerably expensive compared to other products in the market.
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.
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.