HDFC Life Click 2 Protect Super

HDFC Life Click 2 Protect Super is a term insurance plan offered by HDFC Life Insurance Company. 

This term insurance product is one of the top products we've analyzed. It offers various customization options such as increasing cover and a Rolling Limited Pay option, where you can choose the exact number of years you want to pay your premiums for (after the first 2 years, until maturity). Further, the insurer has an excellent track record with respect to purchase as well as claims service. This means that both you and your family are very likely to get a smooth experience. 

On the flip side, however, this product doesn’t give you many options to customize how your family will receive the claim amount. And, it is also considerably expensive compared to other products in the market.

Here’s a detailed review of the Click 2 Protect Super plan offered by HDFC Life Insurance Company.

What are the key features of HDFC Life Click 2 Protect Super? 

• Life Cover Benefit: This term insurance product will pay an assured sum of money to your family in case you pass away during the policy tenure. It does not offer any maturity benefit - meaning, you won’t get anything back in case you survive the policy period. You can claim tax benefits under Section 80C of the Income Tax Act with this term insurance plan. 
• Entry Age for the Policy: This plan allows you to apply for the policy, when your age is at least 18 years and until you’re 60 years old. 
• Increasing Cover: Once you choose an appropriate sum assured that fits your family’s current financial needs, you can choose the increasing cover feature to ensure that the cover is inflation-proof and sufficient for your family, always. This policy gives you an option to automatically increase your sum assured by 5% every year, until your base policy cover doubles.
• Cover Duration: Unlike other products that offer coverage for a maximum age of 60- 65 years, this plan provides you coverage till the age of 85 years - meaning, you can enjoy the cover benefits even after you retire. 
• Limited Pay Option: With this option, you can get the premium paying liability off your chest quickly. The HDFC Life Click 2 Protect Super comes with the rolling limited pay option. Meaning, you can choose the exact number of years for which you wish to pay your premiums.
• Claim Payout Option: This term insurance product offers a few options to customize how your family will receive the claim amount -  
  • One-time lump sum payout option: Here, your nominee will receive the entire claim payout as a lump sum, in one go. 
  • Monthly income payout option: Here, your nominee will be paid a regular income every month for a specific period. 
  • Lump-Sum with monthly income payout option: Here, your nominee will receive a part of the claim amount in one go. And, a part of the claim amount will be divided into several smaller payments, which your nominee will receive on a monthly basis.

What are the Riders available with the HDFC Life Click 2 Protect Super? 

There are several types of riders available with the HDFC Life Click 2 Protect Super Plan -

• Comprehensive Critical Illness Rider: If you’re diagnosed with any of the serious diseases listed in the policy document, this add-on will pay an additional sum of money. Your family can use this money to replace the loss of income and to pay for any additional expenses they might incur, as a result of the disease.
• Accidental Death Benefit Rider: This rider will pay an additional amount of money to your family in case you pass away due to an accident. This rider can also help improve your overall cover - you can also opt for it if you are eligible for a cover amount lower than what is required for your family.
• Waiver of Premium due to Critical Illness Rider: This is one of the most helpful riders that you must consider buying. If you are diagnosed with a serious disease listed in the policy document, this rider will waive off the remaining premium payments under your term insurance. You can, however, retain your cover until the end of the term. 

Why should you consider buying a policy from HDFC Life?

Here are a few reasons why you can consider purchasing from HDFC Life - 

• Speed of Claim Settlement: As the insurer is known for a good track record in its claim settlement process, your family is less likely to face any inconvenience while collecting the claim. HDFC Life has settled around 97.78% of its claim settlement in less than 30 days. 
• Claims Complaints: As per the research conducted by our in-house researchers, we were able to gather that HDFC Life holds quite less number of complaints with regard to the claims process. This kind of gives an assurance that your nominee or family will not have to worry much during collecting the claims. 
• Claim Settlement Ratio: If you are thinking of buying the HDFC Term Plan, the claim settlement ratio is 98.01% and the company’s claim amount settlement ratio is 80.06%. 
• Online Tracking of Claims: HDFC Life allows your family to keep a track of the entire claim process from the comfort of their home by giving them the option of tracking the required information online.

What are some of the disadvantages of buying term insurance from HDFC Life? 

The disadvantages of buying term insurance from HDFC Life are- 

• Length of the Claim form: This insurer's claim form is very long and includes several questions to answer. This indicates that there is a chance your family might face some issues while filling out the form. 
• Home pick up for Claims: HDFC Life does not provide the option to pick up the documents from home. Your family/ nominee will have to visit the branch to submit the documents personally.

How is the Customer Service of HDFC Life? 

• Response on Toll-Free Service: When it comes to customer service, our research found the insurer’s response over the toll-free to be slow compared to other insurers. 
• Response on Twitter: However, the claimants also have the option to connect over Twitter for any doubts or queries with regard to the status of their claims. But, our research suggests the response rate over social media is also slow too.

About the Insurer - HDFC Life 

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.

Final Verdict on HDFC Life Click 2 Protect Super

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 Super gets an overall Beshak⭐Rating of 4.5/5.