Term Plans

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.
Features of Term Plan
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Life Cover Against Uncertainties
Provides financial security to your family in case of your untimely demise.
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Critical Illness Protection
Some term plans offer coverage against life-threatening diseases, ensuring financial stability during medical emergencies.
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Accidental Death & Disability Cover
Additional protection can be availed to safeguard against accidental death or permanent disability.
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Rider Options
Allows you to enhance your coverage with optional riders like critical illness, accidental death, waiver of premium, etc.
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Tax Benefits
Premiums paid and benefits received are eligible for tax exemptions under applicable laws.
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Flexible Payment Options
Choose from various premium payment modes, including monthly, quarterly, annually, or a lump sum, based on your convenience.
Explore our Insurance Solutions
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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.
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- 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
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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
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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.
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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.
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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.
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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.
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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.

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