HDFC Life and Policybazaar Introduce Premium Term Insurance with 100% Claim Assurance

HDFC Life and Policybazaar collaborate to launch Click 2 Protect Ultimate, offering comprehensive coverage with guaranteed claim settlement and premium return options for urban professionals earning above ₹10 lakh annually.

Sarthak MahajanBy Sarthak Mahajan calendar 10 Feb 2025 Views icon23108 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
HDFC Life and Policybazaar Introduce Premium Term Insurance with 100% Claim Assurance

In a significant development for India's insurance sector, Policybazaar and HDFC Life have unveiled their latest collaboration, introducing a new term insurance product called HDFC Life Click 2 Protect Ultimate. The announcement, made in Gurugram on February 10, 2025, marks a notable step in addressing consumer concerns about insurance accessibility and claims processing.

The new offering introduces several notable features designed to enhance policyholder benefits. Policyholders can opt for premium returns at maturity, providing an additional financial advantage. The policy also includes terminal illness coverage, which enables accelerated death benefit payments after a six-month waiting period. Furthermore, the product incorporates a smart exit provision, allowing policyholders to recover their premium payments, excluding taxes.

According to company officials, the product specifically targets urban professionals with annual incomes exceeding ₹10 lakh. The initial rollout encompasses eight major metropolitan areas: Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad, and Pune. The company implements a comprehensive medical underwriting process during policy issuance to maintain quality standards.

Commenting on the launch, Santosh Agarwal, Chief Business Officer of Life Insurance at Policybazaar.com, emphasized the significance of this partnership with HDFC Life, highlighting their focus on streamlining the claims settlement process.

Jatin Sabhani, Chief BroCA & Digital Alliances Officer at HDFC Life, reinforced the company's commitment to meeting evolving consumer needs. He noted that the partnership with Policybazaar has consistently delivered on their promise of providing financial security to customers' families during crucial times.

RELATED ARTICLES
Maruti Suzuki Opens India's Largest Automobile Railway Siding at Manesar Plant

auther Arunima Pal calendar17 Jun 2025

The siding spans 46 acres and features four full-length tracks for rakes and one track for engine escape, with a total t...

Nitin Gadkari Lays Foundation Stone for India's First Automobile Design School

auther Arunima Pal calendar17 Jun 2025

INDEA will be the nation's first institution focused exclusively on automobile design and management.

Bajaj Auto Launches Chetak 3001 Electric Scooter at Rs 99,990

auther Arunima Pal calendar17 Jun 2025

The Chetak 3001 offers a certified range of 127 kilometers on a single charge and includes 35 liters of boot storage spa...