Term insurance is an important financial tool for individuals who are planning for their future. There are a number of reasons why term insurance is an essential part of your overall financial plan.
For starters, it provides financial protection to your family. Furthermore, knowing that you have the coverage you need to financially protect your family can be incredibly comforting. Term insurance can also provide financial relief in the case a policyholder is diagnosed with a terminal illness. All things considered, there’s no denying the importance of term insurance.
While there are various term plans, selecting the right one can be crucial. One such plan you should consider is HDFC Life Click 2 Protect Super.
HDFC Life Click 2 Protect Super
The Incredible
Features
Few Key Features of Click 2 Protect Super Term Insurance Plan
Tax Free Income
Money received from insurance plan during the policy term is tax-free.
Amount paid to nominee is also tax-free according to section 10(10D) of the Income Tax Act.
Tax Benefits
Premiums paid under a Life Insurance premiums are exempted from taxable income up to Rs. 1,50,000 under section 80c.
No GST
There won’t be any GST on premium for NRIs
Full Protection
Whole life protection
100% payout of sum assured on diagnosis of critical illness
3 D's Coverage
Insure against 3D’s – Disease, disability and death
