HDFC Life Launches Click2Protect Super Term Insurance Policy

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NEW DELHI: HDFC Life has launched a Click2Protect Super term insurance plan, which allows for customization based on protection needs and you only pay for the plan benefits/options you have chosen.

Click2Protect Super is an unlinked, non-participating, individual, pure risk/savings life insurance plan that gives you multiple flexibilities such as changing life coverage, extending policy term, getting coverage for accidental death and terminal illness, among others. .

The plan provides complete financial protection for the family. One can choose coverage as per need from three plan options – Life, Life Plus and Life Goal.

Let’s take a look at each of these options and the benefits they offer:

Choice of life : You thus benefit from life cover for the duration of cover chosen, thus securing the future of your loved ones. This smart plan option includes a built-in terminal illness benefit and also allows you to increase the amount of coverage to provide financial independence for your family while you’re away.

The main advantages of this option include:

Option to choose to increase the death benefit up to 200%

Waiver of premiums on diagnosis of critical illness

Possibility to choose additional coverage for the spouse

Premium refund option

Possibility of recovering the base premium paid at the time of policy cancellation thanks to the smart exit option

Acceleration of terminally ill diagnosed death benefit to age 80

Waiver of premium in the event of total and permanent disability

Option to receive the death benefit in installments

More life: Along with life coverage, this option enhances accidental death and terminal illness coverage, providing comprehensive protection for life.

The main advantages of this option include:

Additional sum insured payable in the event of accidental death during the term of the contract

Waiver of premiums on diagnosis of critical illness

Possibility to choose additional coverage for the spouse

Premium refund option

Possibility of recovering the base premium paid at the time of policy cancellation thanks to the smart exit option

Provides an accelerated death benefit upon diagnosis of a terminal illness, up to age 80

Waiver of premium in the event of total and permanent disability (via WOP disability option)

Option to receive the death benefit in installments

The purpose of life: This option guarantees optimal cover by offering the possibility of varying your life cover for the desired duration, thus protecting your loved ones from any liability and/or expense.

The main advantages of this option include:

Waiver of premium in the event of total and permanent disability

Option to receive the death benefit in installments

Srinivasan Parthasarathy – Chief Actuary, HDFC Life said, “Term insurance is a must for every individual. As a leading life insurer, we are constantly striving to understand the ever-changing needs of the Indian consumer. Our goal is to launch innovative products that offer great flexibility in the form of customizations. These products are customer-centric, designed to meet their specific needs and also ensure that customers only pay for what they have purchased. Click2Protect Super can be customized according to customer needs and this is also reflected in the premium. The product’s three plan options offer various benefits. We believe Click 2 Protect Super will be the new era financial safety net for customers who believe in a life of pride.”

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