a) For some who is looking for a pure
plain vanilla term plan with no riders, no variants then «Click2Protect» from HDFC Life fits the requirement and is a good choice.
Overall Conclusion: Our overall conclusion is 1) If someone is looking for high CSR, low premium,
plain vanilla term plan without any distinct features, then HDFC — Click2Protect stands out in this category.
A plain vanilla term plan, without any riders, covers all kinds of death.
The premium is for
the plain vanilla term plan without any rider.
Investing in the paid features offered by your insurer may definitely enhance
your plain vanilla term plan.
The ones which are
plain vanilla term plans that offer only death benefits and others that offer death along with survival / maturity benefits.
Life Option — This is
a plain vanilla term plan where your life will be protected against a high lump - sum amount and in case of your unfortunate death, Lump sum payout will be payed to your family as Death Benefit.
Insurance companies have been tweaking
the plain vanilla term plan in recent times.
i) For some who is looking for
a plain vanilla term plan with no riders, no variants, high claim settlement ratio then «Click2Protect» from HDFC Life fits the requirement and is a good choice.
Due to this characteristic, they are priced higher as compared to
plain vanilla term plans.
In this post, let's look at what TROPs are and if such plans are better than
plain vanilla term plans.
Purchase
a plain vanilla term plan and invest the excess in pure investment products such as PPF, FDs, mutual funds etc..
A plain vanilla term plan that pays a lump sum amount on death is perhaps the best way to insure yourself.