HDFC Life QuickProtect Plan
HDFC Life QuickProtect is an end-to-end solution that comprises 4 coverage benefits clubbed into one solution – HDFC Life Click 2 Protect Life with Accidental Death Benefit option, HDFC Life Critical Illness Plus Rider, and HDFC Life Income Benefit on Accidental Disability Rider. The plan is specifically designed to protect you against 19 critical illnesses with a critical illness rider and offer a life cover with 2x coverage for accidental death.
With the plan, you will get three different package sum assured options, including – 75 lacs, 1cr, and 1.25cr. One of the biggest benefits of HDFC Life QuickProtect is that you will get regular monthly income payable for 10 years in case of Accidental Total Permanent Disability.
Continue reading to know more about QuickProtect, its eligibility criteria, inclusions, exclusions, premium illustration, and more.
Here are the eligibility criteria for HDFC Life QuickProtect plan.
|Min. Age at Entry||18 years|
|Max. Age at Entry|
45 years: All 3 package Sum Assured options:
50 years: 75 Lakhs package Sum Assured option
|Min. Age at Maturity||23 years|
|Max. Age at Maturity||75 years|
|Min. Policy Term||5 years|
|Max. Policy Term||40 years, subject to max maturity age specified above|
|Premium Payment Term||Regular Pay (Equal to Policy Term)|
|Return of Premium/Non–Return of Premium||Only Non – The return of Premium option is available|
|Package Sum Assured||75 lakhs, 1 crore, and 1.25 crore|
Features & Benefits of HDFC Life QuickProtect
The following are the potential features and benefits of choosing HDFC Life QuickProtect.
- HDFC Life Income Benefit on Accidental Disability:
One of the biggest features of choosing HDFC Life QuickProtect is that you will likely get Regular monthly income equal to 1% of Rider Sum Assured per month for the next 10 years on Accidental Total Permanent Disability. For example, if you have taken the policy with a sum assured of Rs. 75 Lakhs, then you will get 15 lakhs, 1 crore for 30 Lakhs, and 1.35 crore for 35 lakhs.
- HDFC Life Critical Illness Benefit
Another benefit of choosing HDFC Life QuickProtect is that you will get critical illness protection against 19 critical illnesses. Talking about cover, if you choose a sum assured of Rs. 75 lakhs, then you will get cover of Rs. 10 lakhs, 1 Crore for Rs. 10 Lakhs, 1.25 Lakhs for 10 lakhs.
- Accidental Death Benefit Option
When you choose HDFC Life QuickProtect, you will get an Additional Sum Assured equal to 100% of the Basic Sum Assured on Accidental Death. Again, if you choose a sum assured of Rs. 75 lakhs, then you will cover Rs. 25 Lakhs, 1 crore for 30 Lakhs, and 1.25 crore for 40 Lakhs.
- Protection against Death:
With HDFC Life Click 2 Protect Life, you will comprehensive financial protection on death. For instance, if you choose a sum assured of Rs. 75 lakhs for 25 lakhs, 1 crore for 30 Lakhs, and Rs. 1.25 crore for Rs. 40 lakhs.
Premium Illustration of HDFC Life QuickProtect- How Does it Work?
Let’s take an example to understand!
A man, named Mr. Rahul Malik, who is 35 years old, working as a content writer at Accenture looking to buy an HDFC Life QuickProtect. Earlier, he was stressed out and after asking his relatives, family, and friends, someone suggested him to buy HDFC Life QuickProtect to protect against accidental and death.
Here’s what he will get under different circumstances.
|Package Sum Assured Premiums|
|75 Lakhs||1 Crore||1.25 Crore|
|35 Years||40||40||Rs. 18,075||Rs.19,222||Rs. 23,583|
|35 Years||20||20||Rs. 10,916||Rs. 11, 803||Rs. 14, 827|
Frequently Asked Questions
Here is the list of the frequently asked questions related to HDFC Life QuickProtect plan.
Yes, when you choose the HDFC Life QuickProtect plan, you are likely to get tax benefits under income tax, 1961. Tax benefits are subject to changes in tax laws.
The minimum sum assured option is Rs. 75 Lakhs and goes up to 1.25 crore.