One of the top life insurers in India, HDFC Life, has developed the Click2Protect Super term insurance plan, which allows personalization based on your protection needs and only charges you for the benefits and plan options you choose.
A non-linked, non-participating, individual, pure risk premium/savings life insurance plan like Click2Protect Super gives more flexibility than ever before by allowing you to alter your life insurance coverage, extend the policy term, get coverage for accidental death and terminal illness, among other things.
Your family has been fully protected economically thanks to the plan. There are three plan options you can pick from Life, Life Plus, and Life Goal.
Let’s examine each of these choices and the advantages they offer:
Life Option: This gives you life insurance for the chosen coverage period, ensuring the well-being of your loved ones. This clever plan choice includes a built-in benefit for terminal illness coverage and also allows you to enhance the cover amount to ensure your family’s financial security while you are away.
The primary benefits of this option include:
- Option to choose a 200% increase in death benefits
- When a critical illness is detected, the premium is waived.
- Choice of additional coverage for the spouse
- Premium Option Refund
- Option to use the Smart Exit
Life Plus: This option extends your coverage against accidental death and terminal illness in addition to life insurance, offering total life protection.
These are some of this option’s main advantages:
- In the event of accidental death within the policy term, an additional payment is payable.
- When a critical illness is diagnosed, the premium is waived.
- Choice of additional coverage for the spouse
- Premium Option Refund
- Total and Permanent Disability Premium Waiver (through WOP Disability option)
- Receiving death benefits in installments is an option
Life Goal: By allowing you to customize your life insurance for the appropriate duration, this choice offers total exposure while shielding your loved ones from obligations and/or costs.
These are some of this option’s main advantages:
- Total and Permanent Disability Premium Waiver
- Receiving death benefits in installments is an option
Term insurance is a requirement for every person, according to Srinivasan Parthasarathy, Chief Actuary of HDFC Life, who was speaking during the product launch. As top life insurance, we make it a priority to comprehend the changing needs of Indian customers. We want to introduce cutting-edge items that provide a lot of customization flexibility. These goods are customer-focused, created to match their demands, and they also make sure that buyers only pay for what they buy. The premium for Click2Protect Super can be customized to meet the demands of the customer. The product’s three plan choices each have distinct benefits. Click 2 Protect Super, in our opinion, will serve as the modern-day financial safety net for consumers who believe in it.
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