Key Features of the HDFC Life Term Plan

Term insurance plans are widely preferred today because it offers optimal protection coverage to the insured and their family. The term plans are basically considered as the essence of other life insurance policies that are designed to offer financial aid to the nominee or family in case of premature death of the insured. So, it is an insurance policy that that provide lump sum amount, known as Sum Assured, to the nominee or family member of the insured person, if he/she dies during the term of the policy. This policy is purchased for a specific time period which can be in years and coverage is offered to the insured for the time period opted by the insured. However, the insured needs to pay monthly, quarterly or yearly premiums to the company against the policy purchased and in turn the company promises to pay Sum Assured on his/her death to the nominee of the plan.

HDFC has emerged to be the leading market leader in insurance sector today, serving the nation with a variety of term insurance plans at attractive rates. HDFC Life Term Plan comes with appealing rates and promise to offer maximum coverage to the insured.

  

Term Plans by HDFC Life

There are two different term plan offered by HDFC Life and both the term plans has its own benefits, payment options and coverage.

• HDFC Click to Protect Plus Plan
• HDFC Life CSC Suraksha Plan

Key Features of HDFC Click to Protect Plus Plan

HDFC Click to Protect Plus Plan is the authentic term insurance plan that can be purchased online directly from the website of HDFC Life. This HDFC Life Term Plan is considered to be the best exhaustive insurance plan today because it offers the insured with four diverse life cover options and the death benefit under this plan can be availed in four diverse ways. This makes the term plan of HDFC Life universal in nature. Apart from this feature, there are also other features that makes this term plan the most preferred insurance plan today.

• Four cover options including extra life option, life option, income plus option and income option
• The death benefit is higher in this term plan which is more than 125% of single premium or sum assured of the plan
• It has Life Stage Protection Feature that allow the insured to increase the sum assured at any milestone of their life like child birth, marriage or others, without having to undergo a medical test for enhancement of the coverage
• 50% of sum assured can be insured in marriage and 25% on the birth of a child
• Additional coverage can be reduced by the insured after they attain the age of 45, thus lowering their monthly premiums
• Premiums can be paid in lump sum during the time of signing insurance contract under single premium option or insured can decide to pay the premiums for the entire duration of the plan under regular premium option
• For non-smokers there are preferential rate of premium available
• For Accidental Disability Riders there is HDFC Life Income Benefit available on request 
• Premiums paid are exempted from taxation under Section 80C      

Key Features of HDFC Life CSC Suraksha Plan

This is another HDFC Life Time Plan that is basically designed for rural areas to facilitate the non-urban population of India into the mainstream of life insurance and provide them with the benefits of life insurance. HDFC Life Term Plan is Basically provided in public private partnership framework between GOI and HDFC Standard Life. It is the low cost, simple and easy to understand term plan by HDFC Life and hence it is the best term plan for new insurance customer. This term plan is retailed via CSC Common Services Centre in a bid to reach the maximum number of rural customers at low cost. This plan offers a lump sum to the nominee or family upon death of insured.