HDFC Life, Policybazaar launch new term insurance

It offers a 100% claim assurance.

Policybazaar has partnered with HDFC Life to offer “HDFC Life Click 2 Protect Ultimate”, a term insurance product with 100% claim assurance. 

The plan includes a return of premium on maturity, a terminal illness benefit with an accelerated death payout, and a smart exit option allowing policyholders to receive their entire premium back, excluding taxes, if they choose to exit.

Targeted at salaried professionals earning ₹10 lakh or more annually, the policy requires a rigorous medical underwriting process to maintain its claim assurance. 

It is available in major cities, including Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad, and Pune.