HDFC Life’s Click2Protect Plus – Features, Benefits & Review

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• Hi srikant

  I am planning to purchase hdfc basic term insurance plan for me. but I have one concerned in death benefit which they offering on this three point. on the condition death benefit on regular premium.

  Highest off

  1.10 times the annualized the premium
  2.105% of all the premium paid on as on date of death.
  3. sum assured

  every one know in any cases sum assured is maximum.n why they are mentioning other two point. I have asked to hdfc customer care but they are saying it is due IRDA guideline

  Please suggest on that.

  • Dear spathak,
    It is a standard guideline to comply with IRDA rules.

• what is your about investing hdfc click to invest plan ? please suggest

  • Dear rajkiran,
    May I know your investment objective(s)?
    Are you looking for risk cover or wealth accumulation or both?

    • wealth accumulation

      • sir,
        what is your advice risk cover or wealth accumulation at the age of 40. perhaps i am having term insurance provided by my company

        • Dear rajkiran,
          If you have dependents and/or have financial liabilities/obligations, consider buying a term plan.
          For your long-term goal like 'retirement planning', wealth accumulation matters.
          Suggest you to buy a Term insurance plan which is independent of your employment status.
          Read: Best Term insurance plans.

        • thank you reply. iam having term insurance provided my company ie h.p for 32 lakhs. idont have finance obligatios . still prefer for term insurance plan
          please adivice me sir

        • Dear rajkiran,
          Ok. Kindly go through the link provided in my previous comment (it is about the top online term plans).

• Hi,I am 43 yrs having Diabetics. I am planing for HDFC Click 2 protect plus,I want to know about under what circumstance the claim is rejected.I have mentioned all my details regarding diabetic in the proposal form.

  Kindly give your views.

  • I have already applied for it.Some one told me that they are not making payment for cancer claim.So I want to known that if they issue policy then under what circumstance they reject claim.

    • Dear Anand,
      In majority of the cases the main reason for claim rejection is, if someone provides wrong & inaccurate information.
      But kindly make a note of the below update;
      "As per the recent amendment to Section 45 of the Insurance Act, If your policy is 3 yrs old, no matter what happens, the life insurance company will not be able to deny the claims. So, your life insurance company has only 3 years in hand to reject the policy based on any mis-representation or mis-statement. Once 3 policy years are completed then the life insurance company has to settle the claims and can not reject them."

      • Thanks for your advise.

  • Dear Anand..Are you planning to apply or the proposal has already been rejected?

• Hi Sreekanth Reddy Garu, I am 33 Years old and my spouse is 32 years old, I am a smoker. I want to take e-term policy with coverage of 1 crore with accident benifit rider.

  1.Suggest me is it better to take 1 crore policy from one company or can i split like 50 lacks from two companies?

  Thanks
  Lucky

  • Dear Lucky,
    Taking multiple policies from different companies may not be really beneficial.
    But taking multiple policies with a different time-frame (tenure) may be from the same company can be beneficial.
    Kindly disclose all the required information int he proposal form honestly.

• Dear Reddy garu,

  Thank you for all your efforts in guiding the people.

  I too need your suggestion in taking the term plan insurance.

  I am botany scientist in profession, I have a cool salary but not the hifi. I am planning to take the HDFC click to protect -Income plus plan.

  As we are seeing the cheating or fraud companies day by day, I am little bit worry about to take the plan, as they may cheat at the time claiming. is it true or its a rumor.

  Clarify me in this regard and suggest me for the plan.

  Thanks M Reddy

  • Dear Manju,
    As long as one discloses the required & right information in the proposal form accurately and honestly and if an insurance company issues a policy then there is nothing to worry about the claim settlement.
    Kindly go ahead and buy a Term plan.
    Read:
    Best Term insurance plans.

• Hi Sreekanth,
  First, Kudos to your work. These pages are greatly useful for anyone who wants to maintain a financially sound life or wanting to put their financial life back in track. Thanks much!

  I have chosen to take out HDFC Click2Protect Plus term insurance for myself. My primary question is related to the payment frequency. I am leaning towards single payment plan which I can afford now though it would cost me close to INR 3,75,000. Choosing annual payment instead would cost me INR 20,000 per year. With a 40 years term policy, INR 20,000 for 40 years turns out huge (of course, if I survive through). Single premium calculates to less than half of the total annual payments. I am fine with letting the yearly tax savings go, that I will gain going with yearly payments. Before I take a dip, would like to have some expert advice. What would you suggest me? Is Single premium a good option? I took a 25 year LIC single premium term insurance policy 9 years back, and I very much love the luxury of not having to worry about making the payments every year.

  Appreciate your response. Thank you in advance!

  • Dear Kumar,
    Kindly go through this relevant and useful article..click here..
    By the by, thank you for the appreciation and your kind words!

• Hi Sreekant,
  Need your reviews on TATA AIA -iRAKSHA TROP.
  They are offering insurance + maturity benefit.
  Is it good to go with LIC e Term (25 Lakh) + TATA AIA (25 Lakh) insurance cover or need to go with single insurance provider.

  Regards
  Sagar Jadhav

  • Dear Sagar,
    TATA iraksha is also a Term plan but with 'return of premium' benefit on maturity.
    My personal take is to buy a basic risk cover plan.
    Read: Best online term insurance plans.

• Hi Sreekanth,

  Thanks for the great article and sharing the right products to all of us.

  My age is 40 and I am currently having Aviva Term Assurance with a cover of 50 lacs & Birla term insurance of 24 lcas (both purchased around 5 years ago through the agent not online). I am still looking out for a 1 Crore term plan and thinking to go for the HDFC. I want to have my total cover increased to 2 cr.Should I opt for term insurance from HDFC or is it better to go for a same company. Please advice.

  Appreciate if you could provide some tips..

  • Hello sir...why r u promoting this product. I m experiencing worst service by hdfc life. I have purchased online e term on 12 dec 2015 and till date i didnt got any document. I have gone through many medical test. I have sent many questionarre and uploaded my all personal medical reports but till date i did not got my policy documents. I took follow up many times but its of no use. I gets anser as..u will get ur policy issued within 2 or 3 days....but still i mtryibg for same. The worst service i m facing in my life.....i m worried that what will happen when time come for claim settlement...i m not sure that my nominee will get sum assured or not.

    • Dear Sachin,
      Kindly note that I am not promoting this product. This is a review.
      If you are not happy with their service, drop the proposal and buy a term plan from some other company. Also, suggest you to escalate the issue with higher ups of HDFC Life.
      I am definitely promoting TERM PLANs as such and not any specific product.
      Read : Best online term insurance plans.

  • Dear Sanjeev,
    You can surely consider HDFC click 2 protect plus or ICICI's new plan iProtect smart plan, these are available at very competitive rates.

• Dear Sreekanth -

  You have really been instrumental in sharing your expertise and knowledge which guides number of people to take the best financial decision.

  I'm 35 years(Male) and I have decided to go for Life Option with Extra Life for 1 Crore and I believe as per your input in case of accidental death my nominee will get 2 Crore. Is it true ?

  Also, kindly suggest if I go for 1 Crore sum assured category then what should be tenure that I case choose as per my age.

  Further, now I'm also looking to go for stand alone accidental policy in case in an accident if I survive but being the sole earning person of my family I would have no earnings during my hospitalization under permanent/temporary disability.

  So to keep in mind that I'm deeply concerned and willing to go for such policy which doesn't affect my family financially. Kindly suggest the best policy for the same I can bear around 1 thousand monthly for such policy

  Additionally, just to seek your kind guidance, I'm with 100% physically handicapped(Polio Affected After Birth) person but fully self dependent and working in an MNC. Please suggest if my case creates some issues in between.

  Many thanks for looking into my case and eagerly waiting for your guidance.

  Sudhish

  • Dear Sudhish,
    1 - Yes, Rs 2cr would be the claim amount if death happens due to accident.
    2 - Tenure should be chosen based on your expected retirement age, financial obligations and liabilities.
    3 - Kindly read : Best Personal Accident insurance policies in India.
    Kindly disclose about your physical disability in the insurance proposal forms. I believe that it should not create any issue.

• GR8 work. Such a comprehensive Knowledge Portal type website. Splendid Mr Reddy, absolutely brilliant piece of Work. May GOD Bless you.

  • Thank you so much dear Ritesh. Do share the article with your friends & keep visiting :)