Comparison of Best Insurance Policies

Comparison of  Best Insurance Policies

September 9, 2019 7:53 am,

Are you planning to invest in the best Insurance policy with more returns? Here we have considered some of the best Insurance Policies and its features. You can refer the same and choose the best one that suits your requirement.

Choosing the best policy which offers good payouts is the first step which is as important as buying a policy. This article help, compare the best Insurance Policies and choose the right one that suits your requirement.

Some of the best insurance policies are:

1. HDFCLife Super Income Plan

This is one of the best policies offered by HDFCLife. The name of the policy holds true to the benefits it offers. HDFCLife Super Income Plan is a participating regular money back policy plan in India with guaranteed benefits along with bonuses to plan your investment needs. This money-back policy offers guaranteed income for a period of 8 to 15 years and is ideal for individuals who need a regular income at their disposal so that they don’t have to worry about future expenses and fulfil their financial goals uninterrupted.

Let us see some of the features of this policy.

  • Limited Premium paying term
  • Guaranteed income every year for a period of 8,10,12 or 15 years
  • Financial protection against the untimely demise
  • Hassle-free Insurance
  • Tax benefits

2.HDFCLIfe Sampoorn Samridhi Plus

HDCFLife Sampoorn Samridhi Plus is traditional with profit Plan along with Life insurance coverage. This has the option to extend the life coverage up to 100 years as well. This plan also offers the policy term between 15 and 40 years. This plan provides bonuses starting from the first year itself.

Below are some of the unique features that the policy offers.

  • This is a saving cum protection plan
  • Accident and Death benefits.
  • High sum assured rebate
  • Tax benefits

3. HDFCLife Sanchay Plus Plan

This is one of the best Non participating, non linked savings insurance plan that offers guaranteed returns for you and for your family.

Lets us find the benefits of this plan:

  • Life long Income option
  • Guaranteed Income option
  • Long term income option
  • Death benefits
  • Tax benefits

4. HDFCLife Click2Protect 3D Plus

HDFC Life Click2Protect 3D plus term plan is a non-linked, non-participating term insurance plan that provides comprehensive protection at an affordable price.

This plan provides:

  • Comprehensive coverage for life long protection including 3D – Death, Disease or Disability
  • Customization of the plan with 9 different options
  • Flexibility to choose the policy and premium payment terms
  • Increased insurance coverage without medicals for certain types of options
  • Flexibility to increase coverage every year through the top-up option
  • Special premium rates for female individuals
  • Tax benefits

5. HdfcLife Capital Shield

This plan offers High Returns. This is investment cum Insurance plan. Your money will be invested in Equity and debt. The allocation of your money to debt fund shall systematically increase over time and protects your capital

Some of the features of this plan are:

  • Protect your investment from market risks with an assured maturity Benefit
  • Pay premiums only once or for a limited period of 5 years.
  • Get increasing loyalty additions to boost the fund value
  • Stay protected during the entire policy term with life insurance cover.
  • Death benefit
  • Tax exemption

6. HDFCLife Click to wealth

HDFC Life Click 2 Wealth is a Unit Linked, Non-Participating, Life Insurance plan. This plan offers market-linked returns and provides valuable financial protection for you and your family.

Features of this plan are:

  • Plan for retirement with Golden Year benefits option.
  • Safeguard the wealth created.
  • Potential f benefitting from market-linked returns
  • Secure your families future with a premium waiver option
  • Tax benefits

7. HDFCLife Click2 Retire plan

It is a Non-traditional insurance plan which offers market-linked returns with minimal charges and helps to achieve retirement goals by planning well in advance

However, if the insurer dies within the policy tenure, the higher of Fund Value or 105% Total Premiums paid, are accumulated as Death Benefit. The nominee has an option to take this amount as an annuity from or to withdraw the proceeds. Upon the payment of this benefit, the Policy terminates and no further benefits are payable.

Some of the key features of this plan are:

  • Online hassle-free buying process
  • Zero Premium Allocation Charge
  • Limited and Single pay options
  • Lower vesting age of 45 years

8.HDFCLife Annuity Plan

It is a traditional pension plan where annuity starts immediately. The Annuity payouts occur from the next chosen frequency immediately after lump sum payment

Features of this plan are

  • It is an immediate plan with single premium options
  • The purchase price is returned on death or critical illness,
  • The annuity option can be single or joint. (Policyholder and spouse)

So, in this article, we have considered some of the best insurance policies which not only provide an option to invest but also include life coverage. All these policies come with Tax Benefits too!

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