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All you need to Know about HDFC Term Insurance

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Akshit Girhotra
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Akshit Girhotra
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Best HDFC Term Insurance Plan Online

HDFC term insurance is one of the most prominent and popular protection plans introduced by HDFC life. The three different variants of term protection plan offered by HDFC are HDFC life click 2 protect plus, HDFC life click 2 protect 3D plus and HDFC life click 2 protect health. With HDFC term insurance, you can provide a monthly income of Rs 50,000 to your family at the cost of as low as Rs 23 a day.  

hdfc term insurance plan

MERITS OF HDFC TERM INSURANCE  

Affordable premiums :

HDFC term insurance plans are affordable and cost effective with premiums that do not put a financial burden on you.  

Lower premium for healthy way of living :

HDFC term plans reward you with a lower premium for maintaining a healthy lifestyle.  

Flexibility:  

HDFC term insurance plans offer many different coverage options for selection, giving a freedom to opt in term plans as per the individual requirements.

Tax benefits:  

Tax benefit can be availed in the HDFC term plans for premium payment and benefit receivable under section 80C and 10(10D) of the Income Tax Act, 1961.

Also Read : HDFC Banking and Financial Services Fund NFO

HDFC CLICK 2 PROTECT HEALTH  

This term insurance plan is in collaboration with two life insurance companies, HDFC life and Apollo Munich. This plan offers dual benefits of health and life insurance in a single and affordable plan.

 LIFELIFEHEALTH
TypesAll options except 3D life long protection and life long protection3D Life long protection option and Life long protection option-
Entry age18 years25 years91 days
Max age at entry65 yrs60 yrs65 yrs
Minimum tenure5 yrsWhole life1 yr
Maximum tenure40/50 yrsWhole life2 yrs
Minimum maturity age23 yrsWhole lifeLife long renewals available 
Maximum Maturity age75/85 yrsWhole lifeLife Long renewals available
Sum assured10 lacs
No upper limit
10 lacs
No upper limit
3 lacs/5 lacs/10 lacs/15 lacs/20 lacs/25 lacs/50 lacs

HDFC LIFE CLICK 2 PROTECT 3D PLUS  

HDFC life click 2 protect 3D plus is a complete term insurance plan from HDFC which is available at an affordable cost. The 3D here stands for three uncertainties of life which are Disease, Death, and Disability.  

With this term plan, you get a shield against these three uncertain events.

CRITERIAALL OPTIONS (EXCEPT LIFE LONG AND 3D LIFE LONG)LIFE LONG AN 3D LIFE LONG
Entry age18 years25 years
Max age at entry65 yrs60 yrs
Minimum tenure5 yrsWhole life
Maximum tenure40/50 yrsWhole life
Minimum maturity age23 yrsWhole life
Maximum Maturity age75/85 yrsWhole life
Sum assured10 lacs
No upper limit
10 lacs
No upper limit
Premium payment modeLimited pay and single regular payLimited pay 
Premium frequencySingle, annual, semi annual, quarterly and monthlyAnnual, Semi - annual, quarterly and monthly

HDFC LIFE CLICK 2 PROTECT PLUS

This scheme safeguard the future of your family for an affordable and nominal premium cost. The plan guards you and your family against the risks that life may throw at you. The term insurance offers a wide range of coverage options which you can pick upon depending on needs. The plan has multiple payment options so the death benefit can be optimally utilised by the beneficiaries.

CRITERIAMINIMUMMAXIMUM
Assured sumRs 25,00,000No upper limit
Policy tenure10 years40 years
Premium Payment TermRegular, Limited or singleRegular, Limited or single
Entry age18 years65 years
Maturity age28 yrs75 yrs
Payment modesYearly, half yearly, quarterly or monthlyYearly, half yearly, quarterly or monthly

THE CRUX

HDFC offers a comprehensive and wide range of term insurance plans for selection. It includes almost all the features in the term plans that are necessary and offered by other competitors. IT also has a unique term and health insurance combined combi plan which is an ideal mixture of insurance for an individual. HDFC life also has a good claim settlement ratio which highlights hassle free and seamless claim settlement. If you are looking for a term plan HDFC term plan is worth considering and can be a good buy.