Term Plans

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What is Term Plan?

Term life insurance is a contract between the policyholder (insured) and the insurance provider. In the unfortunate event of the policyholder’s passing during the policy term, the insurer provides a predetermined sum to the insured’s family. Term insurance is a vital tool for long-term financial planning.

Selecting the right policy requires assessing your family’s needs, financial situation, and long-term goals. Additionally, considering add-ons like critical illness or accidental death riders can enhance your policy’s benefits.

As a general rule, it’s advisable to choose coverage that is at least 15 times your annual income. For instance, if your yearly earnings are ₹20 lakhs, a minimum coverage of ₹3 crores is recommended.

Explore our Insurance Solutions

  • Term Plans

    HDFC Life Click 2 Protect Super

    UIN: 101N145V07

    HDFC Life Click 2 Protect Super is a thoughtfully designed insurance plan that offers you flexible coverage and protection, evolving as your life changes. 

      • Protection : Get coverage that adapts to different stages of your life.
      • Life Stage Protection : Increase your cover upon significant life events like marriage or childbirth with the Life Stage option.
      • Flexible Coverage Options : Choose from multiple coverage options to best suit your individual need

  • 1. Provided all due premiums have been paid and the policy is in force.
    2. Applicable for life long and long term income option.
    3. Tax benefits are subject to provisions as per Income Tax Act, 1961. Tax laws are subject to changes.
    4. This applies to Income Variant, whereby guaranteed income is paid on survival of Life Assured during the policy term, provided all due premiums are paid during the premium payment term.
    5. ROP – Return of Premiums. This applies to Income variant, whereby all base premiums are returned to policyholder on survival of Life Assured at maturity, provided all due premiums are paid during the premium payment term.
    6. Quantum of benefits is guaranteed irrespective of the experience.
    7.Loyalty addition would be added to the fund starting from 10 Policy Anniversary for the other than ‘Single Premium’ policies paying Annualized Premium of ₹ 1,00,000 at least and for all the Single Premium paying policies.
    8. Tax benefits & exemptions are subject to conditions of the Income Tax Act, 1961 and its provisions. Tax Laws are subject to change from time to time. 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.
    9. Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options.
    10. With unlimited free Switching. Available under Level Cover and Decreasing Cover.

Frequently Asked Questions

  • Term life insurance offers high coverage at low premiums, providing financial security for your family. It’s easy to buy online, with add-ons like critical illness and accidental disability riders for extra protection. It offers flexibility in premium payments (monthly or annually) and tax benefits under Section 80C.

  • Term life insurance provides affordable coverage, protection for critical illnesses and disabilities, long-term coverage, and flexible payouts. It also offers tax savings and additional coverage options through riders, ensuring comprehensive financial protection.

  • Term life insurance is ideal for parents, young professionals, newly married couples, working women, home buyers, business owners, and more. It provides financial protection for families, secures home loan repayments, and covers critical illness and death-related expenses.

  • You enter an agreement with the insurer, fill out a proposal form, assess your coverage needs, and calculate premiums. The policy provides protection for a specified period, with flexible payment options. In case of the policyholder’s death, the nominee receives the sum assured.

  • Key features include affordable premiums, long-term protection (up to age 75), adjustable coverage, and easy online purchase. It also offers tax benefits under Sections 80C and 80D (for specific riders) under Income Tax Act 1961 and coverage for critical illnesses, disabilities, and debts.

Disclaimer

Insights about the market.

  • What is Life Insurance?

    Tue, 20 Aug 2024

    4 mins

    What is Life Insurance?

  • Key terms associated with Life Insurance

    Tue, 20 Aug 2024

    5 mins

    Key terms associated with Life Insurance

  • Disclosure - HDFC Life Click 2 Achieve

    Fri, 10 Jan 2025

    1 min

    Disclosure - HDFC Life Click 2 Achieve

  • Disclosure - HDFC Life Sanchay Par Advantage

    Fri, 10 Jan 2025

    1 min

    Disclosure - HDFC Life Sanchay Par Advantage

  • Disclosure - HDFC Life Smart Protect Plan

    Fri, 10 Jan 2025

    1 min

    Disclosure - HDFC Life Smart Protect Plan

  • Disclosure - HDFC Life Click2Invest ULIP

    Tue, 26 Nov 2024

    1 min

    Disclosure - HDFC Life Click2Invest ULIP

  • Disclosure - HDFC SL ProGrowth Flexi

    Fri, 10 Jan 2025

    1 min

    Disclosure - HDFC SL ProGrowth Flexi

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