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Term Insurance 2183 views December 23, 2020
With a Claim Settlement Ratio of 99.07% for the Financial Year of 2019-20, HDFC Life is one of the most trusted and popular life insurance companies among customers. Every individual wants to protect their families from unforeseen circumstances, and the right way to do the same is to choose a Life Insurance Plan. Although HDFC Life offers a wide range of life insurance plans to customers, we would like you to concentrate on the two most popular HDFC Life Insurance Plans — HDFC Life Click 2 Protect Plus vs. HDFC Life Click 2 Protect 3D Plus Insurance Plan.
In this article, we will be comparing both these life insurance plans based on several factors such as the Policy Term, Plan Options, Premium amount, Premium Payment options, among others. After reading this, you will have no confusion about which plan to choose for yourself. Keep reading to know more.
Table of Contents
Let’s Compare HDFC Life Click 2 Protect Life and HDFC Life Click 2 Protect 3D Plus
Both HDFC Life Click Protect life and HDFC Life Click 2 Protect 3D Plus Option Plan are term insurance plans that offer comprehensive protection against any uncertainties at an affordable premium. But how can you get to know both of these Life Insurance Plans better? Well, for this, we will be comparing both HDFC Life Insurance Plans on different factors one after another. We are starting with the Plan Options. Do check!
Flexibility to Choose Multiple Plan Options
Both HDFC Life Click 2 Protect life and HDFC Life Click 2 Protect 3D Plus Plan offer different types of plan options to policyholders from which they can choose according to their convenience. When we talk about the Click 2 Protect Plus Plan, it provides a total of 4 Plans — Life Option, Extra Life Option, Income Option, and Income Plus Option.
On the other hand, Click 2 Protect 3D Plus Life Insurance Plan from HDFC Life provides a total of 9 Plan Options — Life Option, 3D Life Option, Extra Life Option, Income Option, Extra Life Income Option, Income Replacement Option, Return of Premium Option, Life Long Protection Option, and 3D Life Long Protection Option. An individual can choose the desired plan according to his or her convenience at the time of inception of the policy. All these life insurance options provide different benefits to customers.
Death & Maturity Benefits
Want to know the Death and Maturity Benefits you can get with HDFC Life Click 2 Protect life plan and HDFC Life Click 2 Protect 3D Plus? Well, we are showing the same in the table below. Do check!
| Life Insurance Plan | Death Benefit | Maturity Benefit |
|---|---|---|
| HDFC Life Click 2 Protect Plus Plan | Changes according to the Chosen Plan Option | No Maturity Benefit |
| HDFC Life Click 2 Protect 3D Plus Plan | Sum Assured on Death PLUS Additional Benefits according to the Chosen Plan Option | No Maturity Benefit (except Return of Premium Plan Option) |
For How Long Will You be Covered for?
If you are choosing HDFC Life Click 2 Protect life Plan, the minimum policy term can be either 5 years ( Life & Extra Life Option) or 10 years (other options). But for the HDFC Life Click 2 Protect 3D Plus Life Plan, the minimum policy term can be 1 Month (Life Option) and 5 years (for all plans except the Life-Long protection option).
For How Long Will You Need to Pay Premiums?
One of the important factors while choosing the suitable Life Insurance Policy is to check the premium payment term which tells you how long you need to pay premiums for your policy. In the case of HDFC Life Click 2 Protect life, you can choose to pay from either of the three premium payment options — Regular Pay, Limited Pay, and Single Pay.
For the HDFC Life Click 2 Protect 3D Plus Plan, the premium payment term can be either Single Pay or Limited Pay option, and changes according to the chosen plan at the time of entry.
Eligibility Criteria
An individual can apply for HDFC Life Click 2 Protect life Plan if he/she is a minimum of 18 years of age at the time of entering into the policy. The entry age can be as high as 65 years. On the other hand, the minimum entry age tends to change according to the plan options in the case of the HDFC Life Click 2 Protect 3D Plus Option. For Life Long Protection Plans, the minimum age at entry can be 25 years, while for all other plans, the entry age can be as low as 18 years. However, the maximum age at entry stands at 65 years for all plan options.
What is the Minimum Basic Sum Assured and Premium Amount?
You must be thinking about the minimum sum assured for the HDFC Life Click 2 Protect life and HDFC Life Click 2 Protect 3D Plus Plan. Well, the former plan from HDFC Life has a minimum basic sum assured of INR 25 lakh while the latter has INR 10,000 as the minimum sum assured.
To get a Click 2 Protect Plus Plan, individuals will need to pay a minimum premium amount of INR 2,376, while for the Click 2 Protect 3D Plus Plan, the minimum premium amount stands at INR 5,000 if you are choosing a Single Pay Premium payment term.
Rider Options
You can choose to enhance your protection by opting for different types of additional rider options for both life insurance plans from HDFC Life. For both Click 2 Protect Plus Plan and Click 2 Protect 3D Plus Plan, you can choose from two rider options — Income Benefit on Accidental Disability Rider and Critical Illness Rider.