Company: HDFC Life
Product Name- Click2Protect
- Minimum sum assured of 10 lakhs
- Maximum sum assured- 10 crores
- Available in 10/15/20/25/30 years duration
- Maximum Age at Entry – 55 years
- Maximum Age at Maturity- 65 years
HDFC Life’s pitch:
- Security at an affordable price
- PLUS- HDFC Life has the best IRDA Claim Settlement Ratio ( among private players) of about 96%. Check here for comparison with others.
- PLUS- HDFC Life also has the Lowest customer churn of about 5%. Implies that customers are renewing their policies. Excellent customer support as most of the complaints are resolved within 30 days.
- MINUS- Slightly expensive than Religare Aegon or Aviva Life Insurance ( about 25-30%) but not quite a lot.
Among private players, this insurance plan from HDFC Life might be the best term insurance.
To compare your life insurance premium and other data for life insurance companies in India, visit www.trucompare.in and get a quote delivered to your email.