#Best term life insurance plus#

With life cover and increasing life cover, the life assured has the option to increase the sum assured amount for the upcoming years while selecting the policy.The plan comes in three variations: Base Cover, with Accelerated Critical Illness Option and with Accident Cover Option. This plan also provides several other benefits such as RoP feature, exit benefit premium breaks, additional payout on accidental death. The policyholder also gets inbuilt cover for terminal illness at zero cost.

#Best term life insurance plus#

The Max Life Smart Secure Plus Plan is the only term plan available in India that offers two death benefits.

The assured has an option to choose maturity age as per the below table:.

Under this option, the assured has an advantage of receiving regular monthly income after attaining the age of 60 years.

The sum assured on maturity will be equivalent to the total premiums paid if RoP benefit is selected, otherwise the amount would be nil.

Under this plan, a lump sum benefit is provided to the nominee on death of the life assured.

The sum assured on maturity will be equivalent to the total premiums paid if return on premium (RoP) benefit is selected, otherwise the amount would be nil.

Death benefit is payable as a lump sum amount to the life assured’s nominee, if they die during the policy term.

On the diagnosis of any critical illness, all the future premiums get waived off and the life cover keeps continuing.

With the increase in the policy tenure, the critical illness cover increased with the corresponding reduction in life cover.

The life assured gets a balance advantage between death and critical illness benefit, as the sum assured amount is divided between life cover (80%) and critical illness cover (20%) of the basic sum assured.

Variant 1: Life and Critical Illness Rebalance: It also provides discounts on premium to women policyholders and non-tobacco users.

This plan comes in three variants: Life Insurance and Critical Illness Rebalance, Life Protect and Income Plus, which covers death, disability and critical diseases. It offers benefits as per the life assured’s lifestyle and provides protection at any stage in life. The HDFC Life Click 2 Protect Life is one of the most comprehensive financial protection plans that have outpaced its peers because of its wide range of valuable benefits.