HDFC Life Click 2 Protect


Type of policy: 
Term Insurance

A term insurance is a pure life insurance policy that gives your family a cover in case of an eventuality to the bread winner. This is a fantastic product from customer point of view, and is indeed one that every single family needs to have, for its earning member(s). HDFC Life Click 2 Protect is HDFC’s online term insurance product.

HDFC life Click 2 Protect offers up to Rs 10 crore in sum assured. This plan needs to be compulsorily bought online. This has two advantages: first, the process is smooth and straightforward. Second, and more importantly, it eliminates the broker, who would have otherwise eaten away a huge chunk of your premium as brokerage without adding any value to you. This is the main reason why Click 2 Protect has such a low premium– as low as about Rs 5,450 of annual premium for Rs 50 lakh of cover if you are 30 years of age and in good health.

We believe HDFC Life Click 2 Protect is a great plan to have for everyone. One drawback is that it offers no riders. We typically recommend an insurance cover of 4-8 times your annual income, for as long a term as is available for your age. Find out the ideal cover for you using this calculator.

Product features:

Parameter

Value

Fintotal Comment

Minimum age at entry

18 years

 

Maximum age at entry

55 years

This is lesser than the usual 65 years in other policies

Maximum policy term

30 years or till age of 65, whichever is earlier

You can opt for the longest possible tenure for your age

Minimum sum assured

Rs 10 lakh

Though this is the minimum, you are advised to take 4-8 times your annual income as life cover

Maximum sum assured

Rs 10 crore

 

Returns: No survival benefit available at the end of the term.

Illustration:

Your age

Term

Indicative Annual Premium

(For cover of Rs.50 lakh )

25 years

25 years

Rs. 4,700

30 years

25 years

Rs. 5,450

40 years

25 years

Rs. 10,450

50 years

15 years

Rs. 19,350

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