Risks and uncertainties are an integral part of life and have financial implications that flow from it. Fortunately, there are ways to manage risk and easily overcome uncertain events. Insurance is one of those financial tools that is useful in managing risks related to life and health.
An untimely death of the breadwinner can jeopardize the financial goals of surviving family members. Life insurance acts as a tool to help surviving family members not only maintain their standard of living, but also achieve their dreams and aspirations. Likewise, in the event of health problems, especially when detected with serious illness, there is a possibility that savings will be depleted in the absence of health insurance.
Risks to life and health must be taken care of as early as possible in life so that uncertainty at different stages of life can be managed without financial worries. Ignoring any of these could hurt your personal finances and impact family members’ long-term goals.
Facing the uncertainties of life
And what’s the best way to manage both life and health risks with one comprehensive insurance plan? HDFC Life Click 2 Protect Life, it does the trick in protecting your family from such uncertainties in life.
According to your needs and requirements, HDFC Life Click 2 Protect Life, a protection plan for life and health risks, allows you to choose one of the three plan options Life Protection, Income Plus and Life and CI Rebalancing.
Life protection option: Under the Life Protect option, you can choose a mandate for a limited period or for your entire life. As this is pure protection cover, there is no survival benefit for the policyholder but in the event of the death of the policyholder at any time during the term of the policy, the benefit of death or the sum insured (life cover) is paid to the agent.
Income Plus option: Then, to boost your savings, the plan offers the Income Plus option which offers you life coverage for the chosen contract term and regular monthly income from age 60 as well as a lump sum payment at maturity.
HDFC Life Click 2 Protect Life, thus, adjusts to meet various needs when it comes to providing financial protection to your family – a lump sum to help the family achieve their goals and also an option for a regular income by surviving the duration of the police.
Life and CI rebalancing option: Finally, which adds to the value of HDFC Life Click 2 Protect Life and in fact a comprehensive insurance plan is the possibility of obtaining health risk coverage within the same plan. Remember that as we age and financial liabilities decrease, the need for life insurance also decreases. At the same time, the health risks increase and require increased protection.
To meet this need, under the Life & CI Rebalance option, critical illness (CI) coverage continues to increase at each policy anniversary with a corresponding reduction in life coverage, thus restoring a balance between benefits. death and serious illness.
Additional advantages: Some of the additional benefits available in HDFC Life Click 2 Protect Life include the Return of Premiums (ROP) option as part of the LifeProtector and Income Plus plan options, the waiver of premiums option on the CI option and the Accidental Death Benefit (ADB) option .
Stay protected for life
Having adequate coverage to deal with life and health risks is imminent and HDFC Life Click 2 Protect Life turns out to be the right solution for this. From an insurer, HDFC Life, which has an insurance claim rate of 98.01 percent *, HDFC Life Click 2 Protect Life is the insurance plan you can count on for changing protection needs despite changing priorities and changing lifestyles. Manage the vagaries of life with HDFC Life Click 2 Protect Life is the answer to stay protected for a lifetime!
* Individual claims settlement ratio by number of policies according to annual statistics audited for fiscal year 2020-21.