Policybazaar Partner HDFC to offer a term plan with 100% claim assurance with life – CNBC tv18

Policybazaar Partner HDFC to offer a term plan with 100% claim assurance with life – CNBC tv18



Policybazaar has participated with HDFC Life to present HDFC Life Click 2 Protect Ultimate, a term insurance plan with 100% claim assurance. The objective of the scheme is to provide financial security for the beneficiaries, ensuring a comfortable claim process.

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Name of the scheme 1-year back Invest now Fund category expense ratio
Axis Nifty 50 Index Fund +32.80% Invest now Equity: Big Cap 0.12%
Axis Nifty 100 Index Fund +38.59% Invest now Equity: Big Cap 0.21%
Axis Nifty Next 50 Index Fund +71.83% Invest now Equity: Big Cap 0.25%
Axis Nifty 500 Index Fund , Invest now Equity: Flexi Cap 0.10%
Axis Nifty Midcap 50 Index Fund +46.03% Invest now Equity: Mid Cap 0.28%

HDFC Life Click 2 Protect Ultimate includes characteristics designed to increase policyholder benefits. This provides a refund of the premium option, allowing policyholders to get their premium back on maturity.

The plan also includes a terminal disease benefit, which accelerates the payment of death benefits. If the policyholder is diagnosed with a specified terminal disease, then the six -month waiting period.

Additionally, a smart exit benefit enables policyholders to receive the return of total premiums paid, except taxes, if they choose to get out of the policy.

The insurance product is targeted with an annual income of ₹ 10 lakh or more on salaried professionals. This requires a rigorous medical process and is available in major cities including Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad and Pune.

Santash Aggarwal, Chief Business Officer, Life Insurance, Policy Bazar, said that the scheme removes uncertainty in disposal of claims, making it a customer-focused offer.

HDFC Life Chief Broca and Digital Alliance Officer Jatin Sakhani said that cooperation strengthens their efforts in providing financial security to families during critical time.

HDFC Life Click 2 protect the final objectives to increase transparency and simplify the process of claims, setting a new benchmark in the word insurance market.

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