The right plan is the one that can cater to your needs and at the same time, offers security to your family. What’s better than HDFC Life Click 2 Protect life that offers both credibility and security in good measure.

It’s 2022 and it finally feels that Covid-19 is behind us. Offices and schools have reopened and are functioning at full capacity, and most of us are travelling the world to make up for the lost time. But we never know when the uncertainty will strike again, as it did the last time. That’s because such is the nature of life — exigencies can come announced and throw you off track. These are only reminders of how imperative and critical it is to insure yourself and your family.

But are we as serious as we should be? We are quite complacent in our approach and often take it for granted that nothing can happen with us. That’s where the issue lies — so, pull up your socks, because life insurance is far more important than you think.

Here’s why several people don’t consider life insurance a priority

1. They consider it to be a waste of finances
   Not to sound pessimistic, but age is no longer an indicator of your fitness levels. If statistics are to go by, 48.8% of deaths due to Covid-19 were reported among those who were below 60 years. You can never be sure of any health emergency, but still be prepared to tackle the financial challenges that may come up. But even then, there’s a large population that believes that life insurance is not critical; it will eventually be a waste.

Don’t forget, a life insurance policy provides financial stability to the family, even in the absence of the insured policyholder.  Yes, this step can help you insure both your wealth and health, so that you can live a peaceful life in the long run.

2. They believe their loved ones are always secure

There is nothing dearer to us than our families, and we’ve realised their importance even more during the pandemic. But life is fleeting and we never know what may happen, which is why we should always do everything possible to secure our loved ones. What is the best recourse here? A comprehensive life insurance policy, which can provide financial support, even in the case of a mishap or untoward incident. Also, take into account that your job may not be permanent, so what will you do in that case? This way, you will be assured that your family doesn’t have to compromise on their lifestyle at all.

3. The products confuse them

There’s no denying that there are a range of insurance plans available in India that are likely to confuse people! No wonder, they conveniently move ahead and choose other tools, but what’s important to note is that each of these policies serves a purpose. So, research about them or check with an expert to know more. In any case, a life insurance policy should not be an option; it’s a necessity.

4. They are unaware of the tax benefits

Well, who doesn’t want to save taxes? If that’s what’s on your mind, there’s nothing better than life insurance. Under section 80C of the Income Tax Act, 1961, the premium you pay to the life insurance company is eligible for tax benefits, up to Rs 1.5 lakhs annually.

Why HDFC Life Click 2 Protect Life is the plan for you

There’s no denying that there are several life insurance plans available today, which may leave you utterly confused. The right plan is the one that can cater to your needs and at the same time, offers security to your family. What’s better than HDFC Life Click 2 Protect life that offers both credibility and security in good measure.

Through the policy, customers can avail of the option to enjoy coverage for their entire lifetime, or have a steady stream of income in their retirement years, post 60 years.

There are 3 plan options available:

• Life Protect: With this option, you can provide protection to your family. In case of your death during the policy term, a lump sum amount will be paid to your family members.
• Life & CI Rebalance: This plan attempts to strike a balance between
  Death and Critical Illness benefit. This means that your critical Illness cover rises after every policy anniversary, as life cover reduces. In addition, if you are diagnosed with any critical illnesses, your future premiums will be waived.
• Income Plus: As part of this option, the life assured is covered for the entire policy term. What’s more, they also receive a lump sum payout on maturity, with regular income, post the age of 60.

That’s not all  — HDFC Life Click 2 Protect Life assures policyholders of a 98.01% claim settlement ratio, and an additional sum in case of accidental death. A policyholder could also avail of a waiver in premium, in case of critical illness. And in case the policyholder survives until the maturity of the plan — he/she could opt for the return of the premium option.

For added protection, HDFC Life Click 2 Protect Life also offers add-on riders with your insurance. Whether these are additional income benefits other than the sum assured, or total permanent disability after an accident, policyholders are eligible to receive a lump sum amount, which is equal to the sum assured, in case the policyholder is diagnosed with any of the specified critical illnesses.

Disclaimer: This article has been produced on behalf of the brand by the HTBS team.