Term Insurance plan Comparison

HDFC Life Click 2 Protect (C2P) is a plan that enjoys goodwill of over 1.6 lakh customers who have benefited from this easy and affordable online term plan. Yet there is always room for more; HDFC Life has introduced a new product called HDFC Life Click 2 Protect Plus (C2P+)

Term Insurance Comparison between C2P+ & C2P - A ‘plus’ to your insurance plan

HDFC Life Click 2 Protect (C2P) is a plan that enjoys goodwill of over 1.6 lakh customers who have benefited from this easy and affordable online term plan. Yet there is always room for more; HDFC Life has introduced a new product called HDFC Life Click 2 Protect Plus (C2P+) with additional features

A ‘plus’ to your insurance plan

So what’s new in the HDFC Life C2P+ plan and what are the additional features available? Let’s have a look:

Affordability:
While HDFC Life C2P is an affordable plan, HDFC Life C2P+ has retained this feature; you can get a life cover of Rs 1 crore for a mere Rs 535 per month* under HDFC Life C2P+.

Customisability:
HDFC Life C2P offers death benefit along with tax benefits****. HDFC Life C2P+ goes beyond the realm of mere online term plans and offers additional customisability. This means that one can opt from various options on how death benefit is provided to nominee in case of policy holder’s demise. These options are:

Life Option: Nominee will receive a lump sum on death.Extra Life Option: Nominee receives a lump sum as well as an additional one-time payment in case of accidental death.Income Option: A part of the death benefit is paid out as a lump sum and the rest is paid to nominee in the form of a monthly income spread out over a period of 15 years.Income Plus Option: The entire death benefit due is paid to nominee and he also receive a monthly income equal to 0.5 per cent of the sum assured for the next 10 years. One can choose to receive a flat income or have a 10 per cent increase in income each year till income is due.

Life Stage Protection:
Life Stage Protection is a new addition to HDFC Life C2P+. Available under the life option of HDFC Life C2P+ for customers aged below 45, you can use this feature to increase your sum assured with every important milestone in your life. As an example, when you get married, you can increase the policy cover by 50% or maximum of Rs 50 lakhs; on the birth of your first child, you can further increase the cover by 25% or maximum of upto 25Lakhs and subsequently on the birth of the second child, you can do the same. After the age of 45, you have the opportunity to decrease your risk cover based on your family circumstances as well.

No Medicals:
If you are under 45 and a non-smoker, you do not need to undergo a medical test if the sum assured is less than Rs 50 lakh, however there can still be medical test requirement basis your medical history.

For greater flexibility over the course of your life in terms of sum assured and premium paid, HDFC Life C2P+ is the ideal option. It is a plan that adds more value to an already excellent HDFC Life C2P plan. To know more about HDFC Life C2P