HDFC Life Term Insurance Plans

HDFC Term Insurance offers two economic term insurance plans that offer full protection and financial stability to your loved ones in case of any misfortunate event like death. These plans are comprehensive and are designed specially to meet the varied requirements of the customers. The plans come with riders for added protection, which you can opt for by paying an extra premium at the time of policy purchase. All in all, HDFC Life offers affordable and easy-to-understand term insurance plans that offer excellent protection in case of unforeseen events.

HDFC Term Insurance Plans

HDFC Life Insurance offers two-term insurance plans which are explained below:

1. HDFC Life Click 2 Protect Life: Considering the lifestyle changes and life stage needs, HDFC term Insurance offers a Click 2 Protect plan that truly keeps you protected. The HDFC term plan comes with 3 coverage options i.e. Life and CI Rebalance, Life Protect, and Income Plus, from which you can choose as per your requirements. For instance, if you choose the Income Plus Option, then you can get income payouts from 60 years onwards. One of the advantages of getting this plan is that it auto-balances death and critical illness benefits with an increase in age. Apart from this, the plan also comes with an option to avail cover for whole life.
2. HDFC Life Saral Jeevan Bima: HDFC Life Saral Jeevan Bima offers comprehensive coverage at affordable premiums. The plan offers much-needed financial protection to the loved ones of the insured and can be purchased by people aged between 18 years and 65 years. The policy offers a minimum sum insured of Rs. 5 Lakh, in multiples of Rs. 50,000 thereof. There is no maximum sum insured limit under the plan but the acceptance of any case is subject to the Board Approved Underwriting Policy (BAUP). Also known as the ‘Pure Risk’ plan, this plan offers life coverage and a lump sum amount in case of the sudden demise of the life assured. On buying the plan, you will be eligible for tax benefits as per the prevailing tax laws.