HDFC Life launches online Term Insurance Plan – HDFC Life Click2Protect
HDFC Life, one of India’s leading private life insurance companies, augmented its online channel with the launch of ‘HDFC Life Click2Protect‘ – an Online Term Insurance Plan. The plan is suited for those who seek insurance cover at nominal premiums against their liabilities.
Key Features of the Policy ‘HDFC Life Click2Protect‘
- Special rates for non tobacco user
- Differential rates for women
- 30-day Free Look in Period
- Entry Age: 18 years to 55 years
- Maturity Age: 28 years to 65 years
- Minimum Sum Assured: Rs. 10,00,000
- Maximum Sum Assured: Rs. 10,00,00,000
- Minimum Annual Premium: Rs. 2,000
- Policy Terms: 10/15/20/25/30 year
- Premium Paying Terms: Same as policy term
- Premium Paying Frequencies: Annual mode only
Apart from HDFC Life Click2Protect, HDFC Life also offers other online products such as HDFC SL Young Star Super II and HDFC SL Crest.
Other features of hdfc life Click2Protect are:
Death Benefit: On death during the policy term, the sum assured will be paid to the nominee. The policy will terminate.
Maturity Benefit: There is no maturity benefit, as this is a Term insurance
Tax Benefit: Section 80C of the Income Tax Act, 1961, subject to the provisions contained therein. Section 10 (10D), the benefits received from the policy are exempt from tax.
Let us see illustration of this plan:
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