ICICI or HDFC Term plan

POSTED BY badvinz ON October 9, 2012 4:47 pm COMMENTS (11)

Hi,

I was comparing online term plan quotes from ICICI and HDFC.

For ICICI – 1C sum assured + 50L accidental death rider: premium is about 16k.

For HDFC – 1.5C sum assured: premium is about 16k.

Please suggest which one to go for. 

Regards πŸ™‚

11 replies on this article “ICICI or HDFC Term plan”

  1. sony says:

    if a person having a i protect smart and after one year he / she commit suicide for any reasons.. then he/ she will get the complete some assured amount???????

  2. G says:

    HDFC is better as if your investigation would take more time if you go with the riders and that will create issues to your family at the time of claim, also you getting the same returns in HDFC as natural death

    1. Thanks for sharing that G

  3. Dear Popo Gaa,

    It is an important clarification that you are seeking. What this means is that if you have opted for an accident rider along with your policy and in the event of death arising as a result of an accident, the nominee gets an additional amount of Rs. 50 lakhs which is over and above Rs. 1 crore. Hence the total claim amount would be Rs. 1.5 crore.

    Please do let us know if you have any further clarifications.

    Warm Regards,
    Life Insurance Help
    ICICI Prudential Life Insurance

  4. Dear Badvinz,

    Online Term Insurance is not only affordable, but is also one of the simplest forms of insurance to secure your family.

    ICICI Pru iCare, our online term plan, has been chosen by consumers as β€œProduct of the Year 2012” in the Life Insurance Category based on a survey of over 30,000 people by Nielsen.

    This easy to purchase online plan allows you to get a cover of upto 1 crore without any medical tests. This makes it convenient and quick to get protected. ICICI Pru iCare also gives you an option to add riders like Accident Death Benefit for upto Rs. 50 lakhs to enhance the scope of your policy for added protection.

    ICICI Prudential Life Insurance has a healthy claims record as cited in the following news articles http://bit.ly/HejDZA and http://bit.ly/HTbw7S.
    Visit http://bit.ly/IgvQDe to find out more about this product and see of it suits you.

    Please understand that we only offer suggestions based on your requirements, however choosing a policy most appropriate for you remains at your discretion.

    Warm Regards,
    Life Insurance Help
    ICICI Prudential Life Insurance

    1. popo gaa says:

      I’m little confused with this para. 1 crore cover up AND 50lacs accident benefit. Please…
      “This easy to purchase online plan allows you to get a cover of upto 1 crore without any medical tests. This makes it convenient and quick to get protected. ICICI Pru iCare also gives you an option to add riders like Accident Death Benefit for upto Rs. 50 lakhs to enhance the scope of your policy for added protection”.

  5. Also , ICICI term plan will come without medicals and will rely on your information about the health , if you are too sure that you want it with medicals only , then ICICI Is not the choice ! .

    Note that the medical costs come up to 2,000 to 2,500 at times . and that has to be borne by the companies .

  6. ANKUR says:

    Buy 50LAC Coverage from HDFC and 50LAC from ICICI….
    always better to split your total cover in two.
    cheers Ankur

  7. Ramesh says:

    hdfc is better between the two, on those amounts.
    it is just between 50L if you die due to accident or 50L if you die because of anything.

  8. Biswa Singh says:

    ICICI seems to be tempting and better. Please chech the expense ratio and decide.

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