Policybazaar has announced a partnership with HDFC Life to introduce a new term insurance plan called HDFC Life Click 2 Protect Ultimate. This plan guarantees 100% claim assurance, addressing a major concern for consumers who often worry about the hassle and uncertainty of claim settlements. The plan is designed to provide financial security with a seamless claims process, making it an attractive option for those seeking reliable insurance coverage.
One of the key features of the plan is the return of premiums upon maturity, which adds value for policyholders. In cases of specified terminal illnesses, the death benefit is accelerated after a six-month waiting period, ensuring that policyholders receive timely financial support. Additionally, policyholders have the option to exit the policy and receive a refund of premiums paid, excluding taxes.
The plan is targeted at salaried professionals earning Rs 10 lakh or more annually and is currently available in major cities across India, including Delhi, Mumbai, and Bangalore. To maintain its 100% claim assurance, the plan follows a rigorous medical underwriting process.
According to Santosh Agarwal, Chief Business Officer of Life Insurance at Policybazaar, the plan is a testament to the company’s commitment to customer-centric insurance and eliminates uncertainties in claims settlement. Jatin Sabhani, Chief Broker & Digital Alliances Officer at HDFC Life, added that the product further strengthens the company’s proposition of providing financial security for families in vulnerable times.
Overall, the HDFC Life Click 2 Protect Ultimate plan offers a comprehensive and reliable term insurance solution that addresses key consumer concerns. With its 100% claim assurance, return of premiums, and accelerated death benefit, this plan is an attractive option for those seeking financial security and peace of mind. The partnership between Policybazaar and HDFC Life is a significant development in the insurance industry, and the plan is expected to be well-received by consumers seeking trustworthy and efficient insurance coverage.