TERM Insurance
Term insurance is a simple form of life insurance. It provides financial protection to your family at the most affordable rates. With term insurance, you can get a large life cover (i.e. sum assured) at a relatively low premium rate. The benefit amount is paid out to the nominee in case of death of the policyholder during the term of the policy.
- Protection Plans (Term Insurance)
- Wealth Solution Plans (ULIPs)
- Saving Solutions Plans (Endowment and Money Back)
- Child Care Plans (Education and Marriage Endowment)
- Pensions / Annuity Plans (ULIP and Traditional Plans)
HDFC click 2 Protect Life
- You have the assurance of a 98.01% Claim Settlement Ratio1
- Get additional Sum Assured on Accidental Death (through ADB option)2
- Get back all premiums paid on survival till maturity with Return of Premium option3
- Avail Waiver of Premium on diagnosis of Critical illness(through WOP CI option)
- Tax benefits as per prevailing tax laws
- Special premium rates for female lives and non-tobacco users
- Individual death claim settlement ratio by number of policies as per audited annual statistics for FY 2020-21
- Waiver of Premium (WoP) on diagnosis of Critical illness (CI) is available as in inbuilt feature under Life & CI Rebalance Option and on payment of extra premium under Life Protect Option (Fixed Term variant). Accidental Death Benefit (ADB) option is available on payment of extra premium under Life Protect Option
- Available as an inbuilt feature under Income Plus Option and on payment of extra premium under Life Protect Option (Fixed Term variant) and Life & CI Rebalance Option.
- As per Income Tax Act, 1961. Tax benefits are subject changes in tax laws
Icici iprotect smart
- CLAIM SETTLEMENT RATIO :- 97.9%
Since its launch ICICI Pru iProtect Smart has become our top selling plan online (Source: Company BuyOnline data - Dec 2015 till Sep 2018). This term plan offers protection for your family and critical illness cover for you(optional). Critical illness cover is a very popular benefit among consumers with 1 out of 3 people selecting this benefit (Source: Company BuyOnline data – Sep 2018 till date).
- Does this plan have waiver of premium?
In case of permanent disability due to an accident, the company waives all future premiums and your policy continues uninterrupted.
- Does this plan provide tax benefits? this plan have waiver of premium?
Yes, it gives three types of tax benefits.
- Premiums paid are tax-free under section 80 C.
- When you opt for Critical Illness benefit you can get additional tax benefit under section 80D.
- Claim amount received by you or your nominee is tax free under section 10(10D).
Tax benefits under the policy are subject to conditions under Sec. 80C, 80D,10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
- Can I buy this plan online?
Yes, you can buy this plan online on your desktop or on your mobile phone. Buying online gives additional discount and takes just 10 minutes to complete the purchase (subject to realisation of payment and documents).
- Can I buy this plan under Married Women's Property (MWP) Act?
Yes, you can buy this plan under MWP act. In fact, you can attach MWP act even when you are buying online. All you have to do is tick "yes" in the MWP act question which appears in the application form.
- Is death due to suicide included in this plan?
Yes, death due to suicide is covered in this plan. If death of the policy holder happens due to suicide within a year, the nominee or beneficiary of the policyholder shall be entitled to 80% of the premiums paid till the death, provided the policy is in force.
- At what age can I start this plan?
You can start this plan from the age of 18. But, the maximum age should not exceed 65 years.
- How much premium do I have to pay?
The premium will depend on the Life Cover amount and other Benefit Options you choose. It starts from ₹ 2,400 per annum excluding taxes as applicable for Life Option.
- How much money will my family receive in case of death due to an accident?
Your family will receive the combined lump sum amount of Life Cover + Accident Cover if chosen by you.
- How much Critical Illness Benefit can I choose?
The minimum Critical Illness Benefit you can choose is `1 lakh. The maximum benefit will be up to the basic Life Cover subject to maximum of `1 crore, as per the company policy.
- How much Critical Illness Benefit can I choose?
The minimum Critical Illness Benefit you can choose is `1 lakh. The maximum benefit will be up to the basic Life Cover subject to maximum of `1 crore, as per the company policy.
- When do I receive Critical illness pay-out?
This benefit is payable when you are diagnosed for the first time with any of the 34 critical illnesses covered by ICICI Pru iProtect Smart. A copy of the diagnosis report is enough to initiate the critical illness claim.
Tata AIA Life Insurance Maha Raksha Supreme
CLAIM SETTELMENT RATIO :- 99.06%
Life is precious, and the happiness of our loved ones is more important to us than anything else. It is equally important to ensure that their smiles are secured, which in turn gives us our strength. Life insurance plans enable us to provide a solid foundation for the financial future of our loved ones, while also ensuring that their hopes and dreams remain protected.
Now, you can remain assured that your loved ones never fall short of anything, and their dreams take flight by purchasing the Tata AIA Life Insurance Maha Raksha Supreme plan. This pure term insurance plan offers a wide range of choices, thereby fulfilling all of your family’s specific needs and requirements.
Key Benefits
- Coverage
Get life cover up to 85 years, or until you reach age 100
- Greater convenience
This plan comes with in-built Payout Accelerator benefit, which offers 50% of the basic sum assured if you get diagnosed with terminal illness
- Life Stage Plus option
You can increase the cover at a future date during your life’s milestone events, such as marriage, or the birth of your child
- Discount on premiums
Discount on premium rates for higher sum assured
- Benefits for women and non-smokers
Differential premium rates for women policyholders and for non-smokers
Highlights of Tata AIA Life Insurance Maha Raksha Supreme
- Coverage until you reach 85 years, or until you reach 100 years
- Lower premium rates for women policyholders and standard premium rates for nonsmokers
- When you opt for higher protection, you get discounts that make the plan more affordable
Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.Our services and processes ensure the fastest settlement of claims and grievances if any reminders. Our staff will follow-up on your policy and provide you with updates/reminders in time so that your policy always stays in force.