Policybazaar and HDFC Life Launch Term Plan with 100% Claim Assurance

Policybazaar and HDFC Life have introduced HDFC Life Click 2 Protect Ultimate, a term insurance plan with 100% claim assurance. It offers key benefits like return of premium on maturity, terminal illness benefit, and a smart exit option. Designed for salaried professionals earning ₹10 lakh or more annually, the plan ensures a seamless claims process and is available in major metropolitan cities.

CONTENTS:

• Policybazaar and HDFC Life Introduce 100% Claim Assurance with HDFC Life Click 2 Protect Ultimate
• Policybazaar Teams Up with HDFC Life to Launch Term Plan with 100% Claim Assurance
• HDFC Life and Policybazaar Introduce New Term Insurance with 100% Claim Assurance

Policybazaar and HDFC Life Launch Term Plan with 100% Claim Assurance

Policybazaar and HDFC Life Introduce 100% Claim Assurance with HDFC Life Click 2 Protect Ultimate

Gurugram (Haryana) [India], February 11: Policybazaar has joined hands with HDFC Life, one of India’s leading life insurers, to launch HDFC Life Click 2 Protect Ultimate, a term insurance plan that offers 100% claim assurance. This product is designed to provide comprehensive financial protection while ensuring a seamless claims process, addressing key consumer concerns related to insurance accessibility and claim settlement.

Key Features of HDFC Life Click 2 Protect Ultimate:

1. Return of Premium on Maturity – Policyholders can receive a refund of the premiums paid upon policy maturity, adding value to their investment.
2. Terminal Illness Benefit – If diagnosed with a specified terminal illness, the death benefit is accelerated, ensuring timely financial support. A six-month waiting period applies to this benefit.
3. Smart Exit Benefit – The policyholder has the option to exit the plan and receive a refund of the total premium paid (excluding taxes).

These features ensure financial security while offering policyholders peace of mind.

Designed for High-Income Professionals

The policy is tailored for salaried professionals with an annual income of ₹10 lakh or more and follows a rigorous medical underwriting process to uphold the 100% claim assurance commitment. Currently, the plan is available in major metropolitan cities, including Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad, and Pune.

Industry Insights

Santosh Agarwal, Chief Business Officer – Life Insurance at Policybazaar, stated, “HDFC Life Click 2 Protect Ultimate is a reflection of our strong partnership with HDFC Life. This industry-first initiative enhances customer confidence by eliminating uncertainties in claim settlements.”

Jatin Sabhani, Chief BroCA & Digital Alliances Officer at HDFC Life, emphasized, “At HDFC Life, we continuously evolve to meet consumer needs. Our collaboration with Policybazaar has helped us secure families in their most vulnerable times. The introduction of HDFC Life Click 2 Protect Ultimate with 100% Claim Assurance further strengthens our commitment to financial security.”

Setting a New Standard in Term Insurance

This product marks a significant step forward in the term insurance sector, promoting innovation, transparency, and customer-centric solutions.

Note: To qualify for 100% claim assurance, the policy must be active at the time of the insured’s death, with all premiums paid in full, except in cases specified under exclusion clauses (subject to policy terms & conditions).

 

About Policybazaar: Policybazaar and HDFC Life Launch Term Plan

Policybazaar is India’s largest insurance broker, dedicated to making insurance accessible and transparent. Since its inception in 2008, the platform has revolutionized the insurance sector, catering to over 80.5 million registered users. Holding a 93% market share in the digital insurance aggregator space, Policybazaar collected over ₹15,000 crore in premiums in FY24.

With a network of over 50 insurance partners, it offers a wide range of products, including health, life, motor, and corporate insurance solutions. The platform has issued over 44.3 million policies and secured financial protection for 9 million families against death, disease, and disability.

Policybazaar Teams Up with HDFC Life to Launch Term Plan with 100% Claim Assurance

Policybazaar has collaborated with HDFC Life to introduce HDFC Life Click 2 Protect Ultimate, a term insurance plan designed to provide 100% claim assurance. This initiative ensures financial security while simplifying the claims process for beneficiaries.

Key Features of HDFC Life Click 2 Protect Ultimate:

• Return of Premium on Maturity – Policyholders can receive a refund of their paid premiums at the time of maturity.
• Terminal Illness Benefit – If diagnosed with a specified terminal illness, the death benefit is paid out in advance, subject to a six-month waiting period.
• Smart Exit Benefit – Policyholders have the flexibility to exit the plan and receive a refund of their total premiums paid (excluding taxes).

Who Is It For? Policybazaar and HDFC Life Launch Term Plan

This insurance plan is designed for salaried professionals earning ₹10 lakh or more annually. To maintain its high claim assurance, the policy requires a rigorous medical underwriting process. It is currently available in key metropolitan cities, including Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata, Ahmedabad, and Pune.

Leadership Insights

Policybazaar and HDFC Life Launch Term Plan;  Santosh Agarwal, Chief Business Officer – Life Insurance at Policybazaar, highlighted that the plan eliminates uncertainties in claims settlement, ensuring a customer-centric experience.

Jatin Sabhani, Chief BroCA & Digital Alliances Officer at HDFC Life, stated that the partnership reinforces their commitment to providing families with strong financial protection during critical times.

By promoting transparency and ease of claim settlement, HDFC Life Click 2 Protect Ultimate is set to establish a new standard in the term insurance industry.

HDFC Life and Policybazaar Introduce New Term Insurance with 100% Claim Assurance

Policybazaar and HDFC Life Launch Term Plan:  Policybazaar has joined forces with HDFC Life to launch HDFC Life Click 2 Protect Ultimate, a term insurance plan that guarantees 100% claim assurance.

The plan offers several key benefits, including:

• Return of Premium on Maturity – Policyholders can receive back the premiums paid upon maturity.
• Terminal Illness Benefit – Provides an accelerated death payout if diagnosed with a specified terminal illness.
• Smart Exit Option – Allows policyholders to exit the policy and receive a refund of their total premium paid, excluding taxes.

Designed for salaried professionals earning ₹10 lakh or more annually, the plan follows a rigorous medical underwriting process to uphold its claim assurance. It is currently available in major cities such as Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad, and Pune.