When you need term insurance, you want to ensure that you have the best coverage you can get. One of the best ways to do that is to read reviews about different term insurance companies. For example, if you’re looking for a company that offers coverage that will keep you healthy, you should look into HDFC Term Insurance. This company has an excellent reputation, so you can feel confident about your purchase.
Health insurance coverage
HDFC Term Insurance is one of the most popular protection plans available in the market. It provides life protection with maximum coverage at low premiums. The plan also provides riders that can be used for various purposes.
The claim settlement process is also smooth. To make a claim, you must visit a branch of HDFC, fill out the form, and submit it. Alternatively, you can use the online portal service to submit claims.
The policy also offers three good riders. These include the terminal illness benefit, which ensures financial security during tough times. Also, the health rider provides a lump sum if the life assured is diagnosed with a critical illness.
HDFC Life is a leading provider of insurance policies for Indian residents. They offer a wide variety of plans to suit different types of individuals. Some of the best plans offered by the company include health insurance, term plans, women’s plans, retirement solutions, and savings and investment instruments.
Policy options
HDFC Term Insurance provides a high level of coverage for a low premium. In addition, the insurance policy offers protection against accidental death and critical illness. It also provides financial security for your family in case of your untimely demise.
The plan also includes an accidental disability rider that pays monthly income in case of a disability. In addition, the program comes with the option of a premium refund. This rider can be added to a standard term insurance plan.
If you want to know more about the product, you can visit the HDFC website. Here, you will find information on all aspects of the policy. For example, you will find a detailed explanation of the premiums and the benefits included in the policy.
Another benefit is the premium waiver when you have a critical illness. For example, you can choose a premium amount you will waive off if you are diagnosed with a life-threatening disease. Also, the company’s claim services have a strong track record.
Click2Protect Life
If you want a term plan to protect your family against unexpected events, you can choose HDFC Click2Protect. It is one of the most popular options and provides various benefits.
With this plan, you can get a life cover for the entire term. In case of death, the sum assured will be paid to your nominee. This will ensure that your family can meet their financial needs.
Besides paying a sum assured on death, this plan also offers several other features. For example, you can get a waiver of premiums if you are diagnosed with a critical illness, if you have a total permanent disability, or if you become incapacitated.
Another benefit of this plan is that you can buy it online without the help of an agent. In addition, you can have an electronic insurance account and hold an insurance policy from any insurer.
The main reason people prefer this product is that it provides flexibility to its customers. While you can customize the terms and conditions of your plan, you can also choose an option to step up or down the sum insured.
Free look period
If you are unhappy with the insurance policy you purchased, you have the right to cancel it within 15 to 30 days. This is known as the free look period. After that, the insurer will refund the premium paid and the minimal stamp duty charges.
To cancel a policy, you must first communicate with your insurer. You may find they have a website you can use to start the process. Otherwise, you can call the company and ask for a cancellation form.
Your free look period begins on the date you receive the policy documents. Once the free look period expires, you will no longer be eligible for a refund.
Several insurers offer a free look period to their customers. However, not all policies will have this feature. So, it is essential to check all of the details.
During the free look period, you will be able to read all of the terms and conditions of the policy. This will help you make an informed decision.