Term Insurance
Term Insurance are pure life insurance products that offer life coverage for a specified tenure or term. ...Read More
No Time for Regret!
Secure Your Family's Future with Term Insurance.
Life Cover of 1 Crore @ Rs 26/day***
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Return of Premium (ROP) Option^
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Individual Death Claim Settlement Ratio of 99.39%##
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Same Day Claim Processing#
What is Term Insurance?
Term Insurance is a life insurance policy that offers coverage for a fixed number of years - the “term” of the policy. If the insured individual dies when the policy is active, a death benefit is paid to the nominees of the insured individual.
A basic variant of term insurance plan has no cash value which means, if the insured person survives the term of the policy, the policy does not return any value, with the exceptions of plans like Term Insurance with Return of Premium etc.
You can buy term insurance policy which can provide a certain corpus to your dependents in event of your demise, they would be able to sustain the same lifestyle or pay off existing liabilities without compromising on their dreams thanks to the sum assured which they would receive from life insurance.
Why Do I Need Term Insurance?
Despite the many features and benefits of term insurance plans, people are sceptical about whether they really need term insurance or not. Here are some of the top reasons why you may benefit from a term insurance plan:
To Protect Your Assets
Many people take loans to purchase a vehicle or a home. However, if something happens to the borrower, the family stands to bear not just a huge personal loss but also the loss of income and assets if the loan is not repaid. The payout from a term plan can help your family deal with debt and protect your assets.
To Cope with New Lifestyle Risks
The risk of lifestyle diseases and critical illnesses such as heart problems and cancer is increasing by the day. With a critical illness rider added to your term plan you can cover yourself for financial support upon any such diagnosis, making your recovery stress-free. To stay updated on your fitness status, use the BMI calculator.
To Protect Your Family
We all love our family, be it our partner, the kids or the elderly in the family. Having plans to secure their financial future, ensuring the best education and stress-free retirement years with the best healthcare is always a top goal. With a term insurance plan in place, you can live a stress-free life and enjoy time with your loved ones without worrying about their future.
Low premium and attractively large cover
A term insurance policy offers substantial cover, and if started early, the premium is often quite affordable. Therefore, if you are looking to build a sound financial portfolio, pick the best term insurance plan as the very basis of your investments. Let the financial protection put you at ease to follow your dreams.
Why Buy Term Insurance Online?
Here are some benefits of purchasing a term insurance plan:
High protection at low premiums
People can easily buy term insurance as it is highly accessible and offers large cover at low premiums. The earlier in life you purchase term insurance, the lower the premium.
Add ons
Term insurance plans often come with riders and add-ons to boost insurance coverage. Some such add-ons include critical illness coverage and accidental disability riders.
Financial security
A term insurance plan offers instant financial security in the event of the death of the insured. The payout, often received as a lump sum, helps beneficiaries meet their immediate living expenses.
Convenience
Buying term plan online is convenient and easy vis-à-vis buying offline. Without repeated visits, the online process is streamlined and fast.
Affordability
Online term insurance plans are more cost-effective as they bypass intermediaries, resulting in competitive rates and affordable options for policyholders.
Simplicity
Term insurance buying is a straightforward, quick and user-friendly process. Simply go to the insurer's website, fill in your details, choose a suitable term plan, pay, and activate the policy.
Comprehensive Features
Online term insurance plans offer a range of features, such as death benefits, maturity benefits, tax advantages, and flexible premium payment options. These features provide optimal coverage, ensuring financial security.
Key Takeaways
Term Insurance Plan offers you:
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A low entry age of just 18
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Premium payment and benefit payout flexibility
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Long-term protection for life
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High life cover with affordable premiums
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Enhanced coverage with accidental disability and critical illness add-ons
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Tax savings
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Maturity benefits
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Opportunity to secure your family’s financial future
Customer Reviews
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![Mohit]()
It was seamless online buying process for me thanks HDFC Life
Mohit
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![Sanjna]()
Appreciate you keeping me upto date with your weekly newsletters. Tx
Sanjna
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![Vijayraj]()
Thank you HDFC Life team, you have lived upto your expectation. Your simple claim settlement process just made my life easier.
Vijayraj
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![Vibhali]()
Thank you team for your support throughout the claim process and I really appreciate the efforts of everyone involved
Vibhali
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![Trisha]()
I was really delighted with the online buying experience. Upto date information and online guidance really helped me. Tx
Trisha
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![Bhagyashree]()
My experience with HDFC Life has been really good. I specifically remember the process of online onboarding it was really smooth and hasslefree
Bhagyashree
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![Prerana]()
The online buying process was simple and quick. Good guidance by the HDFC Life team.
Prerana
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![Anchal]()
The online payment process was smooth and I was able to complete my premium payment easily!
Anchal
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![Shreya]()
HDFC Life representatives explained the product well and helped me buying completing the process online reall quick. Thank you!
Shreya
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![Amrita]()
I was surprised to see how detailed and informative the information was served to me. It just made my online buying experience worth the time.
Amrita
- Available under Life Protect and Income Plus Options only.
- Available as an inbuilt feature under Income Plus Option and on payment of extra premium under Life Protect Option (Fixed Term variant) and Life & CI Rebalance Option.
- WoP on diagnosis of CI is available as in inbuilt feature under Life & CI Rebalance Option and on payment of extra premium under Life Protect Option (Fixed Term variant).ADB option is available on payment of extra premium under Life Protect Option.
- As per Income Tax, 1961. Tax benefits are subject to changes in tax laws
- Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2020-2021. Source - https://www.hdfclife.com/claims
- Subject to conditions specified u/s 80C of the Income tax Act, 1961.
- Subject to conditions specified u/s 10(10D) of the Income tax Act, 1961.Therefore stated views are based on the current Income-tax law. Tax benefits are subject to change in tax laws. Also, the customer is requested to seek tax advice from his Chartered Accountant or personal tax advisor with respect to his personal tax liabilities under the Income-tax law.
- Applicable for step-up variant at Policy Term of 30 years
- Subject to maximum policy term of 30 years in Classic and Comprehensive variants
- HDFC Life Click 2 Protect Super (UIN: 101N145V02) is a Non-Linked, Non-Participating, Individual, Pure Risk Premium/ Savings Life Insurance Plan. Life Insurance Coverage is available in this product.
- This can be exercised in any policy year greater than 30, but not during the last 5 policy years
##Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2022-23.
#Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved
^ Available under Life & Life Plus plan options
^^ The names of the people used are examples only
***Online Premium for Life Option, Male Life Assured, Non-Smoker, 25 years of age, Policy term of 30 years, Regular pay, Annual frequency, exclusive of taxes and levies as applicable. (Annualized Premium of 9214/365=25.7)
*Online Premium for Life Option, Male Life Assured, Non-Smoker, 25 years of age, Policy term of 30 years, Regular pay, Monthly frequency, exclusive of taxes and levies as applicable.
**7% online discount available on 1st year premium only!
