Loan Protect Plan
vs
Hdfc Life Click 2 Protect Elite
- Affordable Premiums
- Multiple plan options to choose from
- Flexible premium payment options
| PLAN DETAILS |
 Loan Protect Plan |
 Hdfc Life Click 2 Protect Elite |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 45 years |
| Plan Sum Assured | Base sum assured: 5 Lac to 30 Lac | Base sum assured: 2 Crores to No Limit |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 18 years Maximum Age - 45 years |
| Plan Payment modes | Annual, half-yearly, quarterly & monthly | Monthly, Quarterly, and Half-yearly and Yearly |
| Plan Policy loan | The policy loan is not available under ICICI Loan Protect Plan. | The policy loan is available under HDFC Life Click 2 Protect Elite Plan |
| Plan Sample Premium | Rs 830/- per month | Rs 671/- per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 5 years Maximum term - 30 years | 15 to 40 Years |
| Claim Settlement Ratio (2023-24) | 99.3 | 99.7 |
* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.
ICICI Pru Loan Protect is a non-participating term insurance plan offered by ICICI Pru Life Insurance Company. It provides life cover to individuals who have taken a mortgage or car loan from a bank or any other financial institution. With the option of choosing between a fixed cover and a reduced cover, you can cover yourself up to 70 years of age.
ICICI Pru Loan Protect Plan also offers tax benefits for up to Rs. 1.5 lacs under section 80C and for up to 2.5 lacs under section 10(10D) of Income Tax Act 1961.
Here are some benefits of this plan:
You can add the following riders to your ICICI Pru Loan Protect Term Plan:
With ICICI Pru Accidental Death Benefit Rider, you can cover yourself with a maximum sum assured of 2 crore against any unfortunate accident that causes death to the life insured.
With ICICI Pru Critical Illness Rider, you can protect yourself with a maximum sum assured of 1 crore against 34 critical illness diseases.
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