HDFC Life Click 2 Protect Life Vs. SBI Life eShield Next Plan

HDFC Life Click 2 Protect Life Vs. SBI Life eShield Next

HDFC Life Insurance is a standard life insurance company supporter of housing development Finance Corporation Limited. It is a joint venture between HDFC Ltd and standard life Aberdeen, a global investment company. On the other hand, SBI Life is a joint venture between the State Bank of India, the largest state-owned banking and financial services company in India and BNP Paribas Cardiff – a French Multinational bank and financial services company with HO in Paris. Both companies have come up with their unique life term insurance plan, HDFC Life Click 2 Protect Life and SBI Life eShield Next, respectively, that enables the insured person to take care of his/her current requirements and changing responsibilities through which one can boost his/her family’s financial immunity in an ever-changing world. For the better convenience of the customers, both plans are designed in such a way that they can be customized as per the needs of the customers. Here are the details of both the plans.

Brief Details of HDFC Life Click 2 Protect Life

With evolving priorities and altering lifestyles, it is even crucial to stay protected and secure the family’s future against any uncertainty that life may bring. Keeping up with the changing times, HDFC Life proudly presents Click 2 Protect Life, an intelligent term plan that provides benefits as per the altering lifestyle and life stage needs and helps the customer stay truly protected. The followings are the key features of the plan:

  • It provides comprehensive financial protection to the family.
  • There is an option to choose a cover which fits the needs of the consumer from 3 plan options.
  • It auto-balances Death and Critical Illness benefits with increasing age.
  • One can get income payouts from age 60 onwards under Income Plus Option.
  • There is also an option to avail cover for Whole of Life.
  • One can get back all premiums paid on survival till maturity with Return of Premium option.
  • There are special premium rates for female lives and non-tobacco users.

Brief Details of SBI Life eShield Next

With SBI Life eShield Next, one can give a boost to his/her financial immunity. It is a new age protection plan that has been thoughtfully crafted for the customer to meet not only the present requirements but also take care of the changing responsibilities as life goes along. The followings are the key highlights of the plan:

  • The plan offers options to customize the plan to meet your requirements, like Death Benefit Payment Mode and Better Half Benefit Option.
  • It also provides Life cover up to 100 years (for Whole life option) or 85 years (other than Whole Life option).
  • Terminal Illness Benefit is available under all Plan options.
  • With this plan, there is an option to Pay premium – Only once or for limited period or entire policy term.
  • One can avail of financial security for his/her family based on his/her chosen Plan Option.
  • One can opt to cover his/her spouse with the Better Half Benefit.

Comparison Between HDFC Life Click 2 Protect Life Vs. SBI Life eShield Next

To make it more convenient, here is a table that will give a glimpse of a comparison between these two plans. Have a look.

ParametersHDFC Life Click 2 Protect LifeSBI Life eShield Next
Plan options


  • Life Protect Option
  • Life & CI Rebalance Option
  • Income Plus Option


  • Level Cover
  • Increasing Cover
  • Level Cover with Future Proofing Benefit
Premium payment modeSingle, annual, half-yearly, quarterly, and monthly frequencies are available under this product.Single, annual, half-yearly, and monthly frequencies are available under this product.
Death benefit

“Death Benefit” is payable as a Lump Sum to the Nominee if you die during the policy term. It is the higher of:

  • Sum Assured on Death
  • 105% of Total Premium(s) Paid

Sum Assured on Death for Single Pay (SP) is the highest of:

  • 125% of Single Premium
  • Sum Assured on Maturity
  • Basic Sum Assured

Sum Assured on Death for other than Single Pay (Limited Pay and Regular Pay) is the highest of:

  • 10 times of the Annualized Premium
  • Sum Assured on Maturity
  • Basic Sum Assured

In case of death of Life assured during the policy term, we will pay the “Sum Assured on Death,” which is:

For Regular and Limited Premium Policies: Higher of the following:

  • 10 times the Annualised premium, or
  • Absolute amount Assured to be paid on death, or
  • 105% of the total premiums received up to the date of death

For Single Premium Policies: Higher of the following:

  • 1.25 times of Single premium, or
  • Absolute amount Assured to be paid on death
Add-on benefits
  • HDFC Life Income Benefit on Accidental Disability Rider
  • HDFC Life Critical Illness Plus Rider
  • HDFC Life Protect Plus Rider
  • SBI Life – Accidental Death Benefit Rider
  • SBI Life – Accidental Total & Permanent Disability Benefit Rider
Maturity benefit
  • On survival till maturity, sum assured on maturity will be payable.
  • Sum assured on maturity will be equal to the total premiums paid if ROP benefit is selected.
No maturity benefit is available with this plan.
Basic sum assured


Life & CI Rebalance Option – Rs. 20 lakhs

Others – Rs. 50,000


No upper limit, subject to Board Approved Underwriting Policy.


For online (through company’s website) and web aggregator channel – Rs. 50 lakhs

For other distribution channel – Rs. 75 lakhs.


For non-smoker lives – No upper limit.

For smokers – Rs. 99 lakhs

Maximum age at maturity75 years, 85 years, 65 years, and whole for life (Depends on the plan type)

For single and regular premium – 85 years


Whole life – 100 years

Other than whole life – 85 years

Which Policy Is The Best Choice ?

Both plans are designed to cater to the needs of the individuals so that the customers can keep their family financially protected, even when they are not around. Additionally, the rider options and add-on benefits have made the plans stronger. Though both the plans are term plans and have been crafted keeping in mind the same purpose, they are not identical. While the HDFC Life Click 2 Protect Life has a critical illness benefit on the other side, the SBI Life eShield Next has a terminal illness benefit and an option to include the spouse under the policy. Both plans are potent and strong enough to serve the needs of the individuals on the basis of their requirements. One needs to choose any of these plans, only keeping in kind the necessities of him/her. Therefore, it would be an injustice to identify one plan as the best because it would be decided by the customer which one will satisfy his/her needs.


While HDFC Life Click 2 Protect Life and SBI Life eShield Next plans have a sack full of benefits, they also have certain exclusions as well for which they do not provide any benefits. Therefore, it would be highly recommended to go through the exclusions and inclusions of both the term plans and then only go for the most appropriate one that fits all your requirements. While investing, invest your hard-earned money wisely.

Article Published by

Related Posts