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Compare hdfc click 2 protect life vs max life smart term plan

Compare hdfc click 2 protect life vs max life smart term plan
Click 2 Protect Life Option Super
₹1,181/month
Max Coverage Upto
85 yrs
Claim Settlement Ratio
99.39%
Average Claim Trend
98.69%
VS
Smart Secure Plus
₹1,017/month
Max Coverage Upto
85 yrs
Claim Settlement Ratio
99.51%
Average Claim Trend
99.4%
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Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
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We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
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Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
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In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Compare hdfc click 2 protect life vs max life smart term plan
Click 2 Protect Life Option Super ₹ 1181monthly
Smart Secure Plus ₹ 1017monthly
Max Coverage Upto
  • 85 Years
  • 85 Years
Claim Settlement Ratio Death claims settled in a financial year
  • 99.39 %
  • 99.51 %
Average Claim Trend Last 3 Years Average Claim Ratio
  • 98.69%
  • 99.4%
Death Claim Paid Claim amount paid in FY21-22 on Death claims
  • 2608 Crores
  • 2009 Crores
Online Discount Discount available when policy is purchased online
  • 1 % Off
  • NA
Premium Payment Option
  • Regular Pay

    Pay For : entire policy term

    5/6/7/8.../Policy Term - 1 Years

  • Regular Pay

    Pay For : entire policy term

    5/10/12/15 years

    Pay till 60 years of age

Return of Premium PlanPay & get entire amount on maturity
  • View Plans
  • View Plans
Free Look PeriodPeriod of time in which a new life insurance policy owner can terminate the policy (deductions applicable basis T&C)
  • 30 days
  • 30 days
Tax BenefitReceive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws
  • Yes
  • Yes
  • Plan Features
Claim Settlement Promise
  • 24hr claim settlement
  • 24hr claim settlement
Terminal IllnessDeath benefit of the life assured shall be paid upon diagnosis of a Terminal Illness.
  • Free(As an add-on)
  • Free(As an add-on)
Death Due To AccidentIf death happens due to an accident, this rider offers you additional sum assured over and above the base sum assured
Disability Due To AccidentIn case of permanent disability, dismemberment (loss of the use of certain body parts) due to accident, this rider pays you regularly for next 5-10 yrs in a certain percentage of Sum Assured
Critical IllnessCover 9 or fewer illness
  • NA
  • NA
Cash For HospitalizationIn case of hospitalization, fixed per day benefit will be paid to you for each day of Hospitalization. This is a fixed amount not linked to the actual expenses incurred.
  • NA
  • NA
  • Insurer Details
Inception
  • 2000
  • 2002
Solvency RatioThe solvency ratio of the insurance company is the size of its capital against the all risk it has taken. It is an indicator of the insurance company's long-term survival
  • 1.9
  • 2.04
Grievances SolvedGrievances are the indicator of how good company is handling their customer's query
  • 99.85%
  • 100%
No. of Branches
  • 489
  • 277
View complete comparison
Want to compare different insurance plans?

What Is The HDFC Life Click 2 Protect Life Plan?

The HDFC Life Click 2 Protect Life Plan is designed to give you benefits that match your evolving lifestyle and needs, ensuring financial protection for you and your loved ones. It offers 3 plan options, and if you are diagnosed with a critical illness, you won't have to pay premiums anymore. This allows you to protect yourself from greater life risks without paying high premiums.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

What Are The Key Features Of The HDFC Life Click 2 Protect Life Plan?

The HDFC Life Click 2 Protect Plan is considered one of the best term insurance plans in current times. Below mentioned are the key features of the HDFC Life Click 2 Protect Life Plan:

  • You can choose from amongst the 3 plan options available:

    • Life & CI Rebalance: This particular plan option ensures a balance between the coverage provided for Death and Critical Illness as you progress through life. Over time, the Critical Illness coverage gradually increases while the Life Cover decreases. In the event that you are diagnosed with a Critical Illness covered by the plan, you won't have to pay future premiums, and the Life Cover will remain in effect.

    • Life Protect: With this plan option, a lump sum payment is given to your nominees when you pass away.

    • Income Plus: Under this plan option, you are covered for the whole policy term and receive a lump sum payment when the policy matures, along with regular income starting at age 60.

  • These plans provide complete financial protection for your family, covering various aspects of your life.

  • You have the flexibility to select the plan option that aligns with your specific needs and preferences.

  • The Death and Critical Illness benefits automatically adjust as you age, ensuring that your coverage remains suitable for your changing circumstances.

  • By choosing the Income Plus Option, you not only receive a lump sum payment when the policy matures but also start receiving regular income payments once you reach the age of 60. This can provide you with a stable source of income during your retirement years.

  • The option to have coverage for your entire life ensures that you are protected for as long as you need it, giving you peace of mind and security.

  • With the Return of Premium option, if you survive until the policy matures, you will receive back all the premiums you have paid over the years. This allows you to recoup the investment you made in the policy.

  • If you are diagnosed with a Critical Illness (through the WOP CI option), your premiums will be waived off, relieving you from the burden of paying premiums while dealing with the illness.

  • Additional coverage for Accidental Death (through the ADB option) can provide an extra layer of protection in case of unfortunate accidents.

  • There are special premium rates available for females and non-tobacco users, making the plans more affordable and accessible.

  • You can enjoy tax benefits under the Income Tax Act of 1961, reducing your tax liability and maximizing your savings.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

What Is The Max Life Smart Term Plan?

The Max Life Smart Term Plan provides extensive protection and offers long-term savings through life insurance solutions. It ensures that you can safeguard your family financially while also securing future returns. Let’s understand the plan better.

What Are The Key Features Of The Max Life Smart Term Plan?

Below mentioned are the key features of Max Life Smart Term Plan:

  • Comprehensive death benefit variants: The Max Life Smart Term Plan offers you the flexibility to customize the protection you need at affordable prices. You can choose from 7 different death benefit variants when purchasing the plan:

    • Life Cover

    • Income Protector

    • Income + Inflation Protector

    • Life Cover + Income

    • Life Cover + Increasing Income

    • Increasing Cover

    • Reducing Cover

  • Flexible premium payment options: You have the freedom to pay your premiums according to your budget. There are various premium payment terms to choose from, including a one-time payment, payment for a limited period, or throughout the entire policy term. Additionally, you can opt to pay premiums on a yearly, half-yearly, quarterly, or monthly basis.

  • Longer coverage duration: You have the option to select the desired policy term, with coverage available up to the age of 85 years. This ensures that you have extended protection for a longer duration.

  • Accelerated payout for critical illnesses: If the insured individual is diagnosed with any of the 40 specified critical illnesses, you can choose the "Accelerated Critical Illness Benefit" by paying an additional premium. This option allows for an accelerated payout, providing financial support when it is most needed. There is also an increasing option available, which ensures that your coverage remains relevant to your age.

  • Additional protection at important milestones: You can enhance your coverage at significant milestones in your life by choosing the "Life Stage Event Benefit" and paying an additional premium. This additional protection ensures that your coverage aligns with the changing needs and responsibilities you may have as you progress through life.

  • Comprehensive protection against Death, Disability, and Critical Illness: You can enhance your coverage by adding the Max Life Waiver of Premium Plus Rider. This ensures that your premiums will be waived in the event of a specified event, providing you with comprehensive protection.

  • Additional coverage for accidental death: You have the option to add the Max Life Accident Cover option to your plan by paying an additional premium. This coverage protects you specifically against accidental death, providing an extra layer of financial security.

  • Opportunity for premium refund: The plan offers the Premium Back option, which allows you to receive a refund of all the premiums you have paid. By paying an additional premium, you can have the peace of mind knowing that you have the opportunity to get all your money back in the future.

What Is The Comparison Between The Eligibility Criteria Of The Max Life Smart Term Plan and HDFC Life Click 2 Protect Life Plans?

Below mentioned is a comparison of the eligibility criteria of the Max Life Smart Term Plan and HDFC Life Click 2 Protect Life Plans:

Parameters (Min. to Max.) Max Life Smart Term HDFC Life Click 2 Protect Life
Entry Age 18 years to 60 years 18 years to 65 years
Maturity Age 85 years 85 years
Policy Term 5 years to 50 years 5 years to 67 years
Sum Assured Rs. 5 Lakhs to 1 Crore Rs. 50 Lakhs to 20 Crores
Premium Payment Modes Monthly,Quarterly, Half-yearly, Annually

Wrapping It Up!

To make an informed decision, it's wise to compare term insurance plans before buying. Policybazaar makes it easy by offering a choice of over 15 plans, allowing you to find the one that suits your needs. This way, you can ensure the financial security of your loved ones is protected.

FAQ's

  • What are the plan options available in the HDFC Life Click 2 Protect Life Plan?

    Ans: There are three plan options available in the HDFC Life Click 2 Protect Life Plan are Life & CI Rebalance, Life Protect, and Income Plus.
  • Are there tax exemptions in the Max Life Smart Term Plan and HDFC Life Click 2 Protect Life Plans?

    Ans: Yes, tax exemptions are available in the Max Life Smart Term Plan and HDFC Life Click 2 Protect Life Plans under the ITA, 1961.
  • What are the death benefit variants available in the Max Life Smart Term Plan?

    Ans: The death benefit variants available in the Max Life Smart Term Plan are:

    1. Income Protector
    2. Income + Inflation Protector
    3. Life Cover + Income
    4. Life Cover + Increasing Income
    5. Increasing Cover
    6. Reducing Cover

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