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Mumbai (Maharashtra) [India], December 2 (ANI/BusinessWire India): Term insurance is an important financial tool for individuals who are planning for their future. There are a number of reasons why term insurance is an essential part of your overall financial plan. For starters, it provides financial protection to your family. Furthermore, knowing that you have the coverage you need to financially protect your family can be incredibly comforting. Term insurance can also provide financial relief in the case a policyholder is diagnosed with a terminal illness. All things considered, there's no denying the importance of term insurance. While there are various term plans, selecting the right one can be crucial. One such plan you should consider is HDFC Life Click 2 Protect Super. HDFC Life Click 2 Protect Super HDFC Life Click 2 Protect Super is a non-linked, non-participating insurance plan. Here are three options under this plan - - Level/Increasing Life Cover + Terminal Illness Cove ....
This represents an increase of £32m from 2019. A total of 15,855 customers and their families benefitted from an average pay out of £48,186 in 2020. It has paid out more than £3.2bn in claims over the past five years across its Life, Critical Illness Cover, Terminal Illness Cover and Income Protection insurance products. The life insurer paid 96% of personal protection claims and is working with partners and distributors to help minimise misrepresentation to support even more customers in 2021. Of these, more than half of Life Insurance claims (53%) were misrepresentation of a condition related to the cause of death, while for Critical Illness claims, 73% of misrepresentations were about a condition related to the cause. ....