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HDFC Life Insurance for 1 Crore

With every passing year the cost of living increases at a massive pace and it shows no signs of slowing down. Procuring the bare necessities of life has become a costly affair and more and more people look towards securing their future with a rock-solid life insurance plan.

One of the more sought after life insurance plans are the Rs.1crore policy plans. In simple terms, this plan ensures that a sum of Rs.1crore is given to an individual’s family on maturity of the policy. While a plan like this might seem like it requires you to pay huge premiums, the reality is this policy can be bought by any person belonging to any salary bracket.

HDFC Life offers one of the best 1 crore life insurance plans in the market – The HDFC Life Click 2 Protect Plan, which has so far secured over 1.6 lakh families up to this point.

HDFC Life Click 2 Protect - 1 Crore Life Insurance Protection Plan:

HDFC Life Click 2 Protect Plan is a term insurance plan which can be purchased online. This protection plan pays a lump sum amount to the nominee in the event of death of the policyholder. This is a pure risk protection plan and is available for online purchase without any agent intervention.

As with all term insurance policies, the HDFC Life Click 2 Protect Plan is designed to offer financial support and security to the policyholder’s family in the unforeseen event of his death. The most attractive feature of this plan is that even average salary earners can protect their families with a guaranteed benefit of Rs 1 crore after he passes away.

The plan can be easily purchased online and is a pure risk protection plan that does not involve any agent intervention. In the event of the death of the policyholder the nominee receives a lump sum amount. However, if the policyholder dies within the policy term, then the nominee receives the sum assured.

Who is eligible for HDFC Life Click 2 Protect Plan?

This policy is best suited for individuals in the age group of 30-35 years who are the sole earning members of their family since the family members will face financial uncertainty in the untimely event of the policyholder’s death.

Features of HDFC Life Click 2 Protect Plan:

  • Easy and hassle-free issuance.
  • This policy has a very high claim settlement ratio of over 95.54% and covers all types of death.
  • Minimum Sum Assured of Rs 10 lakh and a maximum Sum Assured of Rs 10 crore.
  • Minimum entry age of 18 years and maximum of 65 years.
  • The plan offers policy terms of 10, 15, 20, 25 and 30 years with an annual premium payment mode only.

Benefits of HDFC Life Click 2 Protect Plan:

  • In case of death of the policyholder during the policy term, the nominee shall receive the chosen Sum Assured.
  • There is no maturity benefit, survival benefit or paid-up value under HDFC Life Click 2 Protect since it is a pure term plan.
  • Premiums paid are exempted from taxable income up to Rs. 1, 00,000 under section 80c. The amount paid to the nominee is also tax-free according to section 10(10D) of the Income Tax Act.

FAQs:

1. Q. What happens if the policyholder stops paying the premium?

A. If the policyholder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period. The policy shall lapse without value.

2. Q. What if the policyholder wants to revive a lapsed policy?

A. If a policy has lapsed due to discontinuance of premium payments, the policy can be revived under the following conditions:

  • Application for revival must be made within 2 years from the date of lapse and before the completion of the policy term.
  • All due and unpaid premiums shall be payable with the interest thereon. Such rate of interest on late payment of premiums shall be determined by the company from time to time.
  • The company may carry out fresh underwriting upon revival and may require the life insured to undergo fresh medical examinations.

3. Q. What happens if the policyholder decides to surrender the policy?

A. There are no surrender benefits offered under this plan.

4. Q. Can the policyholder take out a loan against the policy?

A. Loan facilities are unavailable against this policy.

5. Q. Can the Sum Assured or the policy term be altered?

A. Both the Sum Assured as well as the policy term cannot be altered under this policy.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

Life Insurance Reviews

Page 1 of 50 1 2 3 4 5
  • HDFC Life Life Insurance
    "Fine policy for emergency purpose"
    0.5 5.0/5 "Blown Away!"
    Along with my personal loan they have provided me a life insurance policy from HDFC LIFE. I have to pay the premium amount of Rs. 6000 in a year. I used to pay the premium through online. Total tenure period of the policy is 4 years. I'm getting a sum assured amount of Rs. 3 lakhs.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Dec 13, 2018
  • HDFC Life Life Insurance
    "Every salary holder must taken this policy"
    0.5 4.0/5 "Great!"
    I have purchased the HDFC accidental policy nearly 4 years before. I have been paying the premium amount of Rs. 80000. I used to make the premium through my credit card and i covert into EMI basis. This is annual payment mode policy. This policy has coverage value of Rs. 15 lakhs and all my member covered in this policy
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2018
  • HDFC Life Life Insurance
    "Yet to experience the policy"
    0.5 4.0/5 "Great!"
    I have purchased a ULIP policy from HDFC Life. 4 months before i have taken this policy. I have been paying the premium amount of Rs. 2000 every month. The sum assured amount is 5 lakhs. This is a tax benefitable policy. Through Internet i have purchased this policy. I make the payment in online by using the debit card.
    Was this review helpful? 0
    , mumbai
    Reviewed on Dec 11, 2018
  • HDFC Life Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I am having a life insurance policy with HDFC LIFE from last 9 years and it is a long term policy. I make my premium payment through online and on yearly basis. I am convenient with the payment options and tenure period for this policy is 15 years. I am happy with the returns and benefits on this policy.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 11, 2018
  • HDFC Life Life Insurance
    "Good policy to take"
    0.5 5.0/5 "Blown Away!"
    Total tenure period of the policy is 10 years. I have to pay the premium amount for 7 years and 3 years will be lockin period. They have done a very good follow up on documentation and explained the policy details very well. They will call on the premium time. The amount will be auto debited from account. In a year, i have to pay the premium amount of Rs. 50000. 1 year back, i took this policy.
    Was this review helpful? 1
    , amravati
    Reviewed on Dec 11, 2018
  • HDFC Life Life Insurance
    "Good insurance policy"
    0.5 5.0/5 "Blown Away!"
    My life insurance policy was taken with HDFC Life. Total tenure period of the policy is 8 years. I pay the premium amount of Rs. 40000 and i have selected the annual payment mode. I make the premium through cheque mode. Overall, I'm satisfied with this policy.
    Was this review helpful? 0
    , vellore
    Reviewed on Dec 04, 2018
  • HDFC Life Life Insurance
    "Recommendable policy"
    0.5 5.0/5 "Blown Away!"
    I have bought the HDFC LIFE insurance policy 3 years before. I'm making the payment amount of Rs. 28000 every year. I have no idea about the sum assured amount and policy benefits. This is a tenure period 10 years. I make the premium amount through cheque.
    Was this review helpful? 0
    , vellore
    Reviewed on Dec 04, 2018
  • HDFC Life Life Insurance
    "Recommendale policy"
    0.5 5.0/5 "Blown Away!"
    I have paid Rs. 6000 extra for my insurance policy in HDFC LIFE through cheque. I have received the notification regarding the payment and repayment immediately. I'm happy about the payment mode because i can pay according to all kind of mode.
    Was this review helpful? 0
    , vellore
    Reviewed on Dec 04, 2018
  • HDFC Life Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My money back policy was purchased above 7 years ago. I have chosen the HDFC LIFE because its recommended by the agent. I have chosen the annual payment mode with the amount of Rs. 40000. I make the premium by online ECS mode. This is tax benefit policy.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 03, 2018
  • HDFC Life Life Insurance
    "Good policy to use"
    0.5 4.0/5 "Great!"
    When i purchase my HDFC credit card, they have offered me a life insurance for an offer. I have received the sum assured amount of Rs. 4 lakhs and my nominee will get that amount after my death. I have chosen the monthly payment mode. This is a 1 year policy and i have to renew it after that. Every month i have to pay the premium of Rs. 300 for first 3 months.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 02, 2018
  • HDFC Life Life Insurance
    "Policy features should be improved"
    0.5 2.0/5 "Expected more"
    The policies are not upto the mark, I took SAP life policy, I make the premium of Rs. 24,000 for the tenure of 10 years, there is no much benefits in the life policy. But it has some assured benefits 5 to 6% of benefits, the payment gateway is very fine.
    Was this review helpful? 0
    , mumbai
    Reviewed on Dec 01, 2018
  • HDFC Life Life Insurance
    "Best investment"
    0.5 3.5/5 "Pretty good"
    I do have multiple life insurance policy with HDFC Life. One of my relative is working there and more over the maturity term is less like 10 years. Am happy with the policy coverage and the plan benefits. The payment is flexible and its has multiple options. Every year I used to pay 1L as a premium.
    Was this review helpful? 1
    , bangalore
    Reviewed on Nov 30, 2018
  • HDFC Life Life Insurance
    "Good Protection for Family"
    0.5 5.0/5 "Blown Away!"
    I took term plan for the amount of Rs. 25 lakhs, I have done the payment of Rs. 5700. Payment option is good, life cover is very good, I can avail during emergency purpose, even it has the accidental and death policy. I have added wife and Children as nominees.
    Was this review helpful? 0
    , jaipur
    Reviewed on Nov 30, 2018
  • HDFC Life Life Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    I have a life insurance policy with HDFC LIFE from last 1 year and it is a long term policy. I pay my premium once in a year through online and i am convenient with the payment options. Tenure period for this policy is 12 years and this policy has good returns.
    Was this review helpful? 0
    , chennai
    Reviewed on Nov 29, 2018
  • HDFC Life Life Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    It has been a very good policy and i had been paying the premium on a monthly basis. The premium amount has bee fine and has not been not too high. The payment method is easy and has been doing online and there has not been any hassle faced so far with their service.
    Was this review helpful? 0
    , new delhi
    Reviewed on Nov 28, 2018
  • HDFC Life Life Insurance
    "Best service"
    0.5 5.0/5 "Blown Away!"
    I have been using life insurance with HDFC ltd , and the premium they use to charge me is up to 20 thousand in a year and it nominal and it use to get auto debited from my salary account and they had explained me all the policy clearly.
    Was this review helpful? 0
    , mumbai
    Reviewed on Nov 21, 2018
  • HDFC Life Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using the HDFC Life Insurance policy for a while. they charge nominal premium for this policy it also offers accidental benefits and I make payment at the branches. so in terms of features and their service it has been a good experience with them. HDFC Life is a recommendable insurance provider.
    Was this review helpful? 0
    , new delhi
    Reviewed on Nov 16, 2018
  • HDFC Life Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been my using my life insurance with HDFC ltd, the policy is covered up to 10 lakh rupees , and they premium which they have charge is nominal and i use to pay through on line only and there agent had explain me about policy and term and condition clearly.
    Was this review helpful? 0
    , noida
    Reviewed on Nov 16, 2018
  • HDFC Life Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my life insurance with HDFC Life, there service is good they have charged premium up to 9000 rupees per year, it use to get auto debited from my account and there customer service is good they explained me about all policy it cover in this life insurance.
    Was this review helpful? 0
    , secunderabad
    Reviewed on Nov 15, 2018
  • HDFC Life Life Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken this insurance policy a long time back and the process was done online. I had been making the payments on a monthly basis and the premium amount of 1000 has been good. The premium method also has been good and there has not been any hassle faced with them so far.
    Was this review helpful? 0
    , gandhidham
    Reviewed on Nov 14, 2018
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