HDFC Life Click2Protect

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HDFC Life Insurance Click2Protect

 

	Eligibility
Entry Age (years)
Minimum		18
Maximum		55
Maximum Maturity Age (years)		65
Policy Term (years)
Minimum		10
Maximum		30
Sum Assured (Rs)
Minimum		1000000
Maximum		100000000
Minimum Premium (Rs)
Yearly		2000
Premium Payment Frequency		Yearly
Premium Payment Term		Regular
Policy Cover		Cover remains fixed for the tenure of the policy
Other Features
Free Look Cancellation		In case, you are not satisfied, you may choose to cancel the policy within 30 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period		You are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.
Lapsed Policy Reinstatement		You can reinstate your lapsed policy within 2 years from the due date of the first unpaid premium) by paying all the due premiums with interest and undergoing underwriting requirements, if any.
Tax Benefits		Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply.
Exclusions		In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit

 

	Objective		This term plan aims to cover insured's family members against financial turmoil in case something unfortunate happened to him.
What does it do?		This term insurance plan pays sum assured to the nominee in case of death of the life insured. The policy doesn't have any riders. There is no surrender or maturity value. This plan can be purchased online.
Pros		The policy has a longer freelook period of 30 days, against 15 days in other policies. Women can avail lower premium rates. Policies up to Rs 50 lakh sum assured charge equal premiums from both, tobacco and non-tobacco users. Policies higher than Rs 50 lakh give premium discount to non-tobacco users. Premiums paid are eligible for tax benefits under Section 80C.
Cons		This plan does not offer any rider for an added protection. It covers only upto 65 years of age.
Suited for		A plain term insurance plan is must for everyone looking after dependents.
Our View		This is a good online term insurance policy. Maximum policy renewal age is 65 years. If you feel someone else can replace you as the bread earner after that age, you may take this plan.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

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Tax Saving Mutual Funds Online

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Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

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