RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Why You Need to Buy Your Term Insurance Online

down-arrow
Why You Need to Buy Term Insurance Online
February 23, 2023

Prachi and Akshay have spent the last six months planning their wedding. They decided to take charge of the planning and pay for everything, often putting them at loggerheads with their parents. The young couple makes most of their decisions online. From looking for a wedding planner to designing and printing their invites, they found a way to complete everything from the comfort of their home. Every week or so, one of the parents will start a conversation with, “Back in my day, we would meet the planner three or four times before deciding.” Or, “How can you get cards printed without physically checking the paper?” Of course, Prachi’s and Akshay’s parents make valid points. They couldn't use the internet for their everyday tasks. Today, we can do everything from shopping for groceries to planning weddings online.

Prachi and Akshay make most of the decisions, but they always consult their parents and elders for advice. In fact, as soon as Akshay started his first job, his mother gave him great financial advice. She encouraged him to put a portion of his salary in savings and purchase a term plan. While Akshay’s mother may have bought her term insurance policy offline, Akshay decided to do some research online. Let’s see what he found out.

  • The Need for a Term Insurance Policy

    Term insurance plans provide your loved ones financial protection if something happens to you. The amount can help replace your lost income or repay outstanding debts. Term policies are pure life insurance products that provide coverage for a limited period. Akshay used a student loan to cover the cost of his higher education. He opted for a term plan to ensure that his family wouldn’t have to repay the outstanding debt if anything happened to him.

  • The Advantage of Buying Term Insurance While Young

    Akshay’s online research helped him understand the importance of buying term insurance early. As a healthy man in his early 20s, he could enjoy higher coverage for a long tenure at a pocket-friendly price. He used an online term insurance calculator to check how his age could impact premiums in the future. He made a prudent choice by purchasing insurance as soon as he started working. As a non-smoker, 25-year-old Akshay got a sum assured of INR 1 crore for 30 years at just INR 26 per day!*

  • Should You Buy Insurance Online or Offline?

    Although Akshay’s mother urged him to purchase his term policy offline, he was keen on completing the transaction online. He looked up the HDFC Life website and bought the HDFC Life Click 2 Protect Super term insurance policy directly from the company. HDFC Life offers a 5% discount to customers who purchase their policies directly from the company website. So, Akshay’s already affordable term policy became even lighter on his pocket.

Now that Akshay is getting married, he’s thinking about increasing his term coverage. He’s also urged Prachi to purchase a policy so their families will have sufficient financial protection. A wedding is a cause for joy and celebration. HDFC Life’s Click 2 Protect Super term insurance policy can safeguard your happiness and peace of mind as you embark on the most thrilling adventure of your life!

Discover more about the link between marriage and term plans in HDFC Life’s new series – Missing Dulha!

ARN: ED/02/23/32307

Related Articles

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

LinkedIn profile
Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

Term Insurance and Life Insurance

Term Insurance and Life Insurance

The differences between term insurance and life insurance are explored, comparing coverage, premiums, benefits, and flexibility to guide informed financial decisions.

How to Choose the Right Term Policy Period?

Eligibility Criteria for Buying Term Insurance in India

Term Insurance Age Limit

Term life insurance age limit is the age range for buying a term plan. In India, you can start at 18 years, and the maximum age is usually up to 65 years.

Term Insurance Age Limit
Monthly Income Payout in Term Insurance - Detailed Guide Previous
Planning for the Future Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Disclaimer

*Online Premium for Life Option, Male Life Assured, Non-Smoker, 25 years of age, Policy Term of 30 years, Regular Pay, Annual frequency, exclusive of taxes and levies as applicable. (Annual Premium of ₹ 9398/365 = ₹ 25.7)

HDFC Life Click 2 Protect Super (UIN No.: 101N145V01) is a Non-Linked, Non-Participating, Individual, Pure Risk Premium/Savings Life Insurance Plan. Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions, please read sales brochure carefully before concluding a sale.

Popular Search

Popular Searches