How to Secure Your Family from Health and life uncertainties under a Single Policy
Uncertainties and risks will happen anytime in your life that can put your children and family in trouble. Therefore, you should consider protecting your family from financial problems caused by health hazards and unfortunate events. In addition, you should plan your finances well to manage unexpected circumstances without any hassles. Not only that, financial planning enables you to focus more on your goals to plan your future accordingly. Hence, you should consider buying an insurance policy that caters to your needs. If you are the only breadwinner in your family, you should purchase adequate insurance to meet the essential requirements.
How to Meet your life’s Uncertainties?
Insurance companies offer different types of life insurance and health insurance policies in the markets. On the other hand, not all of them are the same, and you should do proper research about them from various sources. This, in turn, gives ways to select a plan which exactly suits your needs. You should buy a single insurance plan which offers both life and health insurance benefits. Moreover, it enables you to save money on buying and managing individual policies. While buying a new policy, you should keep certain things in mind that will help accomplish goals to a large extent.
Buy HDFC Life Click 2 Protect Life Insurance plan
HDFC Life Click 2 Protect Life Insurance plan offers coverage for both life and health risks under a single policy. It provides three options: Income Plus, Life & Critical illness Rebalance, and Life Protect. At the same time, you should know more about the features and benefits of each option in detail. Furthermore, you can select the right option which caters to your requirements.
Life Protect is a pure life insurance coverage that doesn’t provide any survival benefit. You can choose the option for a limited period or for your whole life. In case of death, your nominee will receive the death benefit or the sum assured. The minimum age entry for the entire term is 18 years, and the maximum age entry is 45 years and 65 years for a fixed term.
The income Plus option offered by the plan lets you boost savings from age 60 onwards to ensure financial security. You will get a life cover for the chosen policy term and regular monthly income. Another thing is that it allows you to receive a lump sum payout on maturity. You should check the age limit from different sources when selecting this option.
Life & Critical illness
Medical inflation increases every year, leading to high expenses when you want to get treatment in a nearby hospital. The life & critical illness option is a combination of both life coverage and critical illness, enabling you to get more protection. It is a comprehensive plan that restores a balance between death and critical illness benefit. The minimum sum assured by the option is Rs.10 lakhs and has no maximum limit. Apart from that, the critical illness coverage keeps increasing every year, thereby managing treatment costs caused by medical inflation. The minimum age entry is 18 years, and the maximum age entry is 65 years.
The plan provides a group safeguard insurance feature, and you can add more people that will help you gain more benefits. In addition, it covers add-on options such as accidental death benefit, partial disability coverage, and complete disability to ensure more protection. You can choose any one among them depending on your needs. It will help get coverage during medical emergencies to witness peace of mind from financial losses.
How to buy HDFC Life Click 2 Protect Life Insurance plan
You can buy the plan online with high discounts that will save money. Or else, you can visit the official website of the HDFC Life insurance company, where you can find more details. Besides that, you can contact the customer care team to gather more information about the plans. HDFC Click 2 Protect Life insurance plan is the right choice for you because it provides ways to ensure more protection.
Things to consider while buying HDFC Life Click 2 Protect Life Insurance plan
Whether it is a family health medical policy or life insurance policy, you should keep certain things in mind to help accomplish goals in the coverage process. Some of them include;
- Age: Age is an essential factor to consider while buying the policy. This is because you have to pay more when your family members are more than 35 years old.
- Sum assured: Sum assured is another thing to keep in mind when purchasing the HDFC ‘s Click 2 Protect Life insurance amount.
- Policy duration: The policy offers three options for your life and terminal illnesses to get more protection from unforeseen events. In addition, you can select the tenure based on your choices that will help pay the premium rates on time.
- Premium amounts: You should pay the premium amounts regularly to get the benefits. First, however, make sure that the premium rates are affordable, which exactly suit your budget.
- Riders: Most term insurance policies come with certain riders, and you can select the right one depending on your needs. Riders allow you to manage problems caused by accidents and disabilities.
- Claim process: When buying a policy, you should know more about the claim process in detail that will help overcome unwanted problems.
Having a life insurance policy allows your family to maintain their standard of living and help them achieve their aspirations in case of death. When you are diagnosed with a terminal illness, your family has to spend more on treatment expenses without health insurance. Both life and health insurance policies are necessary for you because they provide ways to overcome financial crunches at various life stages. Ignoring any one of them will impact the long-term goals of your family members.