Term Insurance Plan is a type of life insurance plans. In Term Insurance Plan, if the insured person dies before the specified period, then the death benefit is provided to the person nominated by the insured person. This death benefit can be in lump sum or in the form of monthly instalments. This option can be chosen by the life assured as per his/her convenience.
No one knows what is going to happen in the future. Hence, you can buy a term insurance policy to meet the needs of your family in your absence. Before buying a term insurance policy, it is important that you do your due diligence. Term insurance policy is considered a long term investment. Therefore, before taking it, you need to consider all the important factors. Such as sum assured, premium amount to be paid, term of the policy, additional benefits or riders and many more. Today you can compare and check these plans with the help of a variety of tools online.
HDFC Click2Protect 3D Term Insurance Plan offered by HDFC is a term insurance plan present in the Indian insurance market. The main objective of HDFC Click2Protect 3D Term Insurance Plan is to provide you with a suitable term insurance plan at a reasonable price. This term plan assures financial support to your family members in case of future uncertainties. You can choose the cover available in this plan as per your requirement. This term plan is for individuals who are the sole earning member of their family. This scheme along with providing financial stability to your family also provides you tax benefits as per Section 80C and Section 10(10D) of the Income Tax Act. Let us now go through the details of HDFC Click2Protect 3D Term Insurance Plan provided by HDFC Bank.
HDFC Life Click 2 Protect Plus Plan Features
The features of HDFC Life Click 2 Protect Plus Plan are as follows-
- Financial Aid:
This term insurance plan assures to provide financial support to your family in case of any kind of uncertainty.
- Full Coverage:
HDFC Click2Protect 3D Term Insurance Plan gives you complete coverage at a low cost.
- Cover Options:
Here term insurance policy also gives you a choice of different types of cover. You can choose any of these options as per your requirement.
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- Death Benefit Option:
Lump sum or monthly You can get the death benefit of this term insurance policy in lump sum or in monthly instalments.
- Premium Frequencies:
This term insurance policy gives you a flexibility option for paying the premium amount. In this plan, you can choose to pay your premium yearly, half-yearly, quarterly and monthly as per your convenience.
- Lump sum payment:
You can also choose to pay the premium only once in this term insurance policy i.e. you can pay the premium in full in one go.
- Tax Benefits:
By purchasing this term insurance policy, you can avail a variety of benefits as per the prevailing tax laws.
- Non-tobacco use:
This plan is made available to you at attractive premium rates if you are a non-tobacco user.
- Age:
The minimum age to buy this term insurance should be between 18 years and the maximum age should be 65 years.
- Maturity Age:
The maturity age of this term insurance policy is 75 years i.e. this insurance cover is provided till the age of 75 years.
- Policy Term:
The policy term of this term insurance plan ranges from 10 to 40 years.
- Some Assured:
The sum assured offered by this policy depends on the age, plan option and gender. Thereby the minimum sum insured is 2500000 and there is no limit on the maximum sum insured.
- Premium Payment Option:
In this, you are also provided with the option of premium payment. In this, the insured person can pay the premium through single pay, limited pay or regular pay.
- Premium Limit:
The minimum annual premium in this plan is Rs. 3000 and there is no cap on the maximum premium.
Premium For HDFC Life Click 2 Protect Plus Policy
HDFC Click2Protect 3D Term Insurance Plan premium is available to be paid in various ways. As –
- annual,
- semi-annual,
- quarterly,
- monthly and
- Solo
The amount of premium depends on the sum assured chosen by the policyholder. Minimum annual premium Rs. It is around 3000. There is no upper limit prescribed on the maximum premium.
The insured can pay this premium in any of the available modes like Single Pay, Regular Pay and Limited Pay etc.
Eligibility For HDFC Life Click 2 Protect Plus
The following eligibility criteria must be followed to buy HDFC Click2Protect 3D Term Insurance Plan :
- The minimum entry age should be 18 years.
- The maximum entry age should be 65 years.
- Must have a minimum monthly income as prescribed by HDFC.
- There should be a fixed source of income.