Policybazaar Partners with HDFC Life for a Term Plan with 100% Claim Assurance

Policybazaar has collaborated with HDFC Life to introduce a new term insurance plan, HDFC Life Click 2 Protect Ultimate. The plan comes with a 100% claim settlement guarantee, aiming to address concerns related to claim rejections and to help with financial security for policyholders’ families.

Features of the Plan

HDFC Life Click 2 Protect Ultimate includes features to provide flexibility and financial benefits to policyholders:

• Return of Premium on Maturity – If the policyholder outlives the policy term, they receive all the premiums paid.
• Smart Exit Benefit – Allows policyholders to exit the plan and get a refund of total premiums paid (excluding taxes).
• Terminal Illness Benefit – If diagnosed with a specified terminal illness, the death benefit is paid out in advance. This comes with a six-month waiting period.

Target and Availability

HDFC Life Click 2 Protect Ultimate is available to salaried professionals earning ₹10 lakh or more annually. The plan requires a detailed medical underwriting process for approval. It is currently offered in major Indian cities, including Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad, and Pune.

Claims and Transparency

The 100% claim settlement assurance is one of the primary aspects of this plan. By ensuring that valid claims are honoured, the plan aims to remove uncertainty for beneficiaries. 

Santosh Agarwal, Chief Business Officer, Life Insurance, Policybazaar, mentioned that the plan is designed to simplify claim settlements for customers. Jatin Sabhani, Chief BroCA & Digital Alliances Officer, HDFC Life, stated that the partnership aligns with their goal of enhancing financial protection for policyholders.

With a focus on claim certainty, flexibility, and additional benefits, HDFC Life Click 2 Protect Ultimate is positioned as an option for those looking for structured financial security.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.