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Compare HDFC Click 2 Protect Life Vs Tata Aia Maha Raksha Supreme Plan

Click 2 Protect Life Option Super
₹2,049/month
Max Coverage Upto
85 yrs
Claim Settlement Ratio
99.5%
Average Claim Trend
99.18%
VS
₹0/month
Max Coverage Upto
yrs
Claim Settlement Ratio
%
Average Claim Trend
%
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Compare hdfc click 2 protect life vs tata aia maha raksha supreme plan
Click 2 Protect Life Option Super ₹ 2049monthly
monthly
Max Coverage Upto
  • 85 Years
  • Years
Claim Settlement Ratio Death claims settled in a financial year
  • 99.5 %
  • %
Average Claim Trend Last 3 Years Average Claim Ratio
  • 99.18%
  • %
Death Claim Paid Claim amount paid in FY21-22 on Death claims
  • 1390 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

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
  • days
Tax BenefitReceive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws
  • Yes
  • Plan Features
Claim Settlement Promise
  • 24hr claim settlement
  • NA
Terminal IllnessDeath benefit of the life assured shall be paid upon diagnosis of a Terminal Illness.
  • Free(As an add-on)
  • NA
Death Due To AccidentIf death happens due to an accident, this rider offers you additional sum assured over and above the base sum assured
  • NA
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
  • NA
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
  • NA
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
  • NA
Grievances SolvedGrievances are the indicator of how good company is handling their customer's query
  • 99.85%
  • %
No. of Branches
  • 489
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 provide benefits that suit your changing lifestyle and needs, keeping you and your loved ones financially protected. It offers 3 plan options and if you get diagnosed with a critical illness, you won't have to pay premiums anymore. This allows you to cover higher life risks at affordable prices.

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

The HDFC Life Click 2 Protect Plan is one of the best term insurance plans available currently. Below mentioned are the key features of the HDFC Life Click 2 Protect Life Plan:

  • You can choose from 3 different plan options:

    • Life & CI Rebalance: This option balances coverage between Death and Critical Illness benefits as you go through life. Critical Illness coverage increases each year while the Life Cover decreases. If you are diagnosed with a Critical Illness (that the plan covers), future premiums are waived, and the Life Cover continues.

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

    • Income Plus: Under this 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 offer comprehensive financial protection for your family.

  • You can choose the plan option that fits your specific needs.

  • The Death and Critical Illness benefits automatically adjust as you get older.

  • If you choose the Income Plus Option, you start receiving income payments when you turn 60.

  • You have the option to have coverage for your entire life.

  • With the Return of Premium option, you get back all the premiums you paid if you survive until the policy matures.

  • If you are diagnosed with a Critical Illness (through the WOP CI option), your premiums are waived off.

  • You can get additional coverage for Accidental Death (through the ADB option).

  • There are special premium rates available for females and non-tobacco users.

  • You can enjoy tax benefits under the ITA, 1961.

What Is The TATA AIA Maha Raksha Supreme Plan?

The TATA AIA Maha Raksha Supreme Plan offers a wide range of options to choose from so that you can meet your family's financial protection needs. By opting for this plan, you can ensure a secure future for your family in the long run.

What Are The Key Features Of TATA AIA Maha Raksha Supreme Plan?

Below mentioned are the key features of TATA AIA Maha Raksha Supreme Plan:

  • If you are diagnosed with a Terminal illness, you can receive 50% of your life cover amount.

  • There is an inbuilt Payout Accelerator Benefit that provides an advance of 50% of the Basic Sum Assured if you are diagnosed with a Terminal Illness.

  • With the Life Stage Plus Option, your coverage increases at important milestones in your life without the need for additional medical checks.

  • You have the choice to make premium payments only once, for a limited period, or throughout the entire policy term.

  • You can enhance your protection with Riders, such as:

    • Accidental Death and Dismemberment Long Scale (ADDL) Rider

    • Non-Linked Comprehensive Protection Rider

    • Non-Linked Comprehensive Health Rider

  • There are discounted rates for female policyholders and standard premium rates for non-smokers.

  • You can enjoy tax exemption under Section 80C and get 100% tax-free returns when the policy matures.

  • The Life Stage Plus Option lets you increase your coverage within the same policy without needing new medical evaluations. You can get additional coverage ranging from 10% to 50% of the Basic Sum Assured, up to a maximum of ₹50 lakhs, during important life events, such as marriage, childbirth, etc.

What Is The Comparison Between The Eligibility Criteria Of The TATA AIA Maha Raksha Supreme Plan and HDFC Life Click 2 Protect Life Plans?

Below mentioned is a comparison of the eligibility criteria of the TATA AIA Maha Raksha Supreme Plan and HDFC Life Click 2 Protect Life Plans:

Parameters (Min. to Max.) TATA AIA Maha Raksha Supreme 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 8 years to 85 years 5 years to 67 years
Sum Assured Rs. 2 Crore to 20 Crores Rs. 50 Lakhs to 20 Crores
Premium Payment Modes Monthly,Quarterly, Half-yearly, Annually

Wrapping It Up!

Before purchasing a term insurance plan, it is smart to compare different options. By doing so, you can determine which plan best fits your needs and life objectives. Policybazaar offers the convenience of comparing and selecting the most suitable plan from over 15 available options. This ensures that the financial security of your loved ones remains intact.

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.
  • In the TATA AIA Maha Raksha Supreme Plan, how much of the life cover amount will you receive if you are diagnosed with a terminal illness?

    Ans: In the TATA AIA Maha Raksha Supreme Plan, you will receive half of your life cover amount, if you are diagnosed with a terminal illness.
  • How does the Life & CI Rebalance rider work in the HDFC Life Click 2 Protect Life Plan?

    Ans: The Life & CI Rebalance rider in the HDFC Life Click 2 Protect Life Plan provides a balance between Death and Critical Illness benefits. Critical Illness coverage increases each year, while the Life Cover decreases. Premiums are waived on the diagnosis of covered Critical Illnesses.
  • Are there tax exemptions in the TATA AIA Maha Raksha Supreme Plan and HDFC Life Click 2 Protect Life Plans?

    Ans: Yes, tax exemptions are available in the TATA AIA Maha Raksha Supreme Plan and HDFC Life Click 2 Protect Life Plans under the ITA, 1961.
  • What are the riders available in the TATA AIA Maha Raksha Supreme Plan?

    Ans: The riders available in the TATA AIA Maha Raksha Supreme Plan are Accidental Death and Dismemberment Long Scale (ADDL) Rider, Non-Linked Comprehensive Protection Rider and Non-Linked Comprehensive Health Rider.

Term Plan Comparison

Term insurance is essential because it provides financial security for your loved ones in case of your untimely death. It ensures they can cover expenses like loans, education, and daily living costs, even in your absence. Comparing term insurance policies from different insurers helps you find the best coverage at the most affordable price, tailored to your specific needs.

When comparing term insurance policies from two of the top Indian insurers like Hdfc Click 2 Protect And Tata Aia Maha Raksha Supreme Plan Life Insurance, consider factors like the premium amounts, the sum assured, and the policy tenure. Look at the claim settlement ratios to understand how reliable each insurer is in paying out claims. Additionally, check for any riders or additional benefits offered, such as critical illness rider or accidental death benefits.

To simplify this process, you can use Policybazaar's comparison tool. This tool allows you to quickly and conveniently compare various term insurance policies side-by-side. It highlights key differences, benefits, and costs, helping you make an informed decision without the hassle of manually researching each policy. By using Policybazaar's comparison tool, you save time and ensure you choose the best term insurance policy that fits your financial goals and provides peace of mind for your family's future.


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