HDFC ERGO Car Insurance | HDFC Term Insurance Benefits and Features

HDFC ERGO Car Insurance: Benefits of Add-On Covers: Car insurance is an essential aspect of owning a car. It provides financial protection against accidental damages, theft, or third-party liabilities. However, a standard car insurance policy may not provide complete coverage for all possible risks. This is where add-on covers come into play. Add-on covers are additional coverage options that can be added to the standard car insurance policy to enhance its coverage. HDFC ERGO Car Insurance provides various add-on covers that can be added to the policy as per the policyholder’s requirements and budget. In this article, we will discuss the benefits of HDFC ERGO Car Insurance add-on covers.

1. Zero Depreciation Cover – HDFC ERGO Car Insurance Zero Depreciation Cover provides complete coverage against the depreciation of car parts. The cover ensures that the policyholder gets the full amount of claim without any deduction for depreciation. This cover is particularly useful for new or high-end cars where the cost of repairs can be high.
2. No Claim Bonus (NCB) Protection Cover – HDFC ERGO Car Insurance NCB Protection Cover protects the policyholder’s NCB discount in case of a claim. NCB is a discount given by the insurer for every claim-free year. The NCB discount can be as high as 50% for five consecutive claim-free years. With NCB Protection Cover, the policyholder can retain their NCB discount even after making a claim.
3. Engine Protect Cover – HDFC ERGO Car Insurance Engine Protect Cover provides coverage against the damages to the car’s engine and its parts. The cover provides financial protection against damages caused by water ingression, oil leakage, gearbox damage, etc. Engine repairs can be expensive, and this cover can save the policyholder from a significant financial burden.
4. Return to Invoice Cover – HDFC ERGO Car Insurance Return to Invoice Cover provides complete coverage against the total loss or theft of the insured car. The cover ensures that the policyholder receives the full invoice value of the car in case of total loss or theft. This cover is particularly useful for new cars where the value of the car depreciates quickly.
5. Roadside Assistance Cover – HDFC ERGO Car Insurance Roadside Assistance Cover provides assistance to the policyholder in case of a breakdown or accident. The cover includes services like towing, flat tyre change, battery jump start, emergency fuel delivery, etc. This cover is particularly useful for long-distance travel where the probability of breakdown or accidents is higher.
6. Personal Accident Cover for Passengers – HDFC ERGO Car Insurance Personal Accident Cover for Passengers provides financial protection to the passengers in case of accidental death or disability. The cover provides a lump sum payment to the passenger or their nominee in case of such an event. This cover is particularly useful for passengers who do not have personal accident cover.

Conclusion:

HDFC ERGO Car Insurance add-on covers provide additional coverage options that can enhance the standard car insurance policy’s coverage. The add-on covers provide financial protection against various risks and damages. HDFC ERGO Car Insurance provides various add-on covers like Zero Depreciation Cover, NCB Protection Cover, Engine Protect Cover, Return to Invoice Cover, Roadside Assistance Cover, and Personal Accident Cover for Passengers. The policyholder can choose the add-on covers as per their requirements and budget. If you are looking for a comprehensive car insurance policy, HDFC ERGO Car Insurance with its various add-on covers is definitely worth considering.

HDFC Term Insurance: Secure Your Family’s Future

Term insurance is a type of life insurance policy that provides financial protection to the policyholder’s family in case of the policyholder’s death. The policy provides a lump sum amount to the nominee in case of the policyholder’s untimely demise during the policy term. HDFC Term Insurance is a popular term insurance policy in India that provides financial security to the policyholder’s family. In this article, we will discuss HDFC Term Insurance, its features, benefits, and why you should consider buying it.

1. Introduction to HDFC Term Insurance

HDFC Term Insurance is a pure protection life insurance policy that provides financial protection to the policyholder’s family in case of the policyholder’s death. The policy provides a lump sum amount to the nominee in case of the policyholder’s untimely demise during the policy term. HDFC Term Insurance is available in various options, including:

• HDFC Life Click 2 Protect 3D Plus: It is a comprehensive term insurance policy that provides financial protection to the policyholder’s family. The policy offers various options like Life Option, Extra Life Option, Income Option, and Income Plus Option.
• HDFC Life Click 2 Protect Health: It is a term insurance policy that provides financial protection to the policyholder’s family in case of the policyholder’s death or critical illness. The policy provides a lump sum amount in case of death and a lump sum amount on diagnosis of critical illness.

2. Features of HDFC Term Insurance

HDFC Term Insurance comes with various features that make it a popular choice among the policyholders. Some of the key features of HDFC Term Insurance are:

• Affordable premiums: HDFC Term Insurance offers affordable premiums that can fit into the policyholder’s budget.
• High sum assured: HDFC Term Insurance offers a high sum assured that can provide financial protection to the policyholder’s family.
• Flexible policy term: HDFC Term Insurance offers a flexible policy term that can be chosen as per the policyholder’s requirements.
• Tax benefits: HDFC Term Insurance offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
• Riders: HDFC Term Insurance offers various riders that can enhance the policy’s coverage. Some of the popular riders offered by HDFC Term Insurance are Critical Illness Rider, Accidental Death Benefit Rider, and Waiver of Premium Rider.

3. Benefits of HDFC Term Insurance

HDFC Term Insurance offers various benefits that make it a preferred choice among the policyholders. Some of the key benefits of HDFC Term Insurance are:

• Financial security: HDFC Term Insurance provides financial security to the policyholder’s family in case of the policyholder’s death.
• High sum assured: HDFC Term Insurance offers a high sum assured that can provide adequate financial protection to the policyholder’s family.
• Flexible policy term: HDFC Term Insurance offers a flexible policy term that can be chosen as per the policyholder’s requirements.
• Tax benefits: HDFC Term Insurance offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
• Riders: HDFC Term Insurance offers various riders that can enhance the policy’s coverage. Some of the popular riders offered by HDFC Term Insurance are Critical Illness Rider, Accidental Death Benefit Rider, and Waiver of Premium Rider.

4. Why should you consider buying HDFC Term Insurance?

HDFC Term Insurance is a popular choice among the policyholders for various reasons. Some of the reasons why you should consider buying HDFC Term Insurance are:

Financial security: HDFC Term Insurance provides financial security to your family in case of your untimely demise during the policy term. The policy provides a lump sum amount to your nominee, which can be used to meet their financial needs.

• High sum assured: HDFC Term Insurance offers a high sum assured that can provide adequate financial protection to your family. You can choose the sum assured as per your requirements and budget.
• Affordable premiums: HDFC Term Insurance offers affordable premiums that can fit into your budget. You can choose the premium payment frequency as per your convenience.
• Flexible policy term: HDFC Term Insurance offers a flexible policy term that can be chosen as per your requirements. You can choose the policy term as per your age, financial obligations, and future goals.
• Tax benefits: HDFC Term Insurance offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. You can claim a tax deduction of up to Rs. 1.5 lakh on the premium paid towards HDFC Term Insurance under Section 80C. The death benefit received by your nominee is also tax-free under Section 10(10D) of the Income Tax Act, 1961.
• Riders: HDFC Term Insurance offers various riders that can enhance the policy’s coverage. You can choose the riders as per your requirements. Some of the popular riders offered by HDFC Term Insurance are Critical Illness Rider, Accidental Death Benefit Rider, and Waiver of Premium Rider.

5. How to buy HDFC Term Insurance?

You can buy HDFC Term Insurance online through HDFC Life’s website or offline through HDFC Life’s authorized agents. The process of buying HDFC Term Insurance is simple and hassle-free. You can follow the below-mentioned steps to buy HDFC Term Insurance:

• Visit HDFC Life’s website and choose the type of term insurance policy you want to buy.
• Calculate the premium using the premium calculator available on the website.
• Fill in the application form with your personal and financial details.
• Choose the sum assured and policy term as per your requirements.
• Choose the premium payment frequency and mode.
• Choose the riders as per your requirements.
• Review the policy details and premium before making the payment.
• Make the payment online through net banking, debit card, or credit card.
• Once the payment is made, you will receive the policy document in your email.

6. Conclusion

HDFC Term Insurance is a popular term insurance policy in India that provides financial security to your family in case of your untimely demise. The policy offers various benefits like high sum assured, affordable premiums, flexible policy term, tax benefits, and riders. You should consider buying HDFC Term Insurance to secure your family’s future.