HDFC Life Quick Protect Plan: Features, Benefits, Coverage | PolicyX
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HDFC Quick Protect

HDFC Life QuickProtect is a comprehensive term plan that comes with 4 ...Read More

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🛡️ IRDAI Approved
⭐ 4.6/5 · 924 reviews
📊 1.94 solvency ratio
✅ 99.68%% claim settlement ratio
🌐 450++ pan-India

About HDFC Quick Protect

A quick read on what this HDFC Term Insurance term plan covers and why it might be a fit for you.

HDFC Life Quick Protect is a comprehensive term insurance plan that provides coverage against death, disease, and disability. The plan is highly customizable with flexible term coverage and various sum-assured options. The entry age for Quick Protect solution by HDFC Life is 18 to 50 years, while the maximum maturity age is 75 years. The plan is considered one of the best term insurance plans and offers protection against 19 critical illnesses with the critical illness rider option and life cover with 2x coverage for accidental death. A regular monthly income payable for 10 years in case of accidental total permanent disability is also one of the features of the plan.

HDFC Life Quick Protect Plan offers a range of benefits including:

  • Life Protect Option
  • Accidental Death Benefit
  • Multiple Premium Paying Term
  • Tax Benefits as per laws
  • Affordable Premiums
  • Income Benefit on Accidental Disability Rider

Eligibility Criteria for HDFC Quick Protect

Entry age
Entry age
Minimum Age - 18 years Maximum Age - 50 years
Maturity age
Maturity age
Maximum Maturity Age - 75 years
Policy term
Policy term
Minimum term - 10 years Maximum term - 40 years
Sum assured
Sum assured
Basic Sum Assured: ₹25 Lakhs to ₹1.25 Cr
Policy loan
Policy loan
The policy loan is not available under HDFC Quick Protect Plan.
Payment Modes
Payment Modes
The HDFC Life Quick Protect Plan does not have a general waiting period for the base life cover. However, specific riders, if opted for, may have their own waiting periods as per policy terms.

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Monthly Income For 10 Years
  • Critical Illness Plus Rider
  • Income Benefit Rider

Cons

  • No HIV Cover
  • No Policy Loans
  • No Pre-existing Conditions

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

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Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Entry Age - 18 years
Max Entry Age - 50 years
Minimum Sum Assured - ₹25 Lakhs
Maximum Maturity Age - 75 years
Premium Payment Term - 5 to 40 years

How Does HDFC Quick Protect Plan Work?

Let's understand how the HDFC Quick Protect Plan works with a simple premium illustration.

Problem

Mr. Ramesh is a 30-year-old non-smoker earning ₹10 Lakhs annually and looking for a simple term plan to protect his family's financial future in his absence.

Solution

His financial advisor advised him to buy the HDFC Quick Protect Plan. He visited PolicyX.com.

Let's understand how the HDFC Quick Protect Plan works for him with a premium illustration table.

Age of policyholder Monthly Premiums Annual Premiums Policy Tenure Total premiums paid Sum assured
30 years ₹1,096 per month ₹13,152 per year 30 years ₹3,94,560 ₹1 Crore

Key Takeaways: If Mr. Ramesh dies during the policy tenure, his family will receive ₹1 Crore as a death benefit from the insurer.

Riders Associated with HDFC Quick Protect Plan

You can add the following riders to your HDFC Quick Protect Plan:

HDFC Life Critical Illness Rider

A lump sum amount is offered in case the policyholder is diagnosed with any of the 19 critical illnesses.

HDFC Life Accidental Death, Disability and Dismemberment Rider

Get an extra payout on top of the base cover in case of accidental death, dismemberment, and total and permanent disability.

Features of HDFC Quick Protect

Key features that make HDFC Quick Protect stand out.

Life Cover

The plan offers you complete protection up to the age of 75 years.

Policy loan

Under the HDFC Quick Protect Plan, you cannot avail of a policy loan against your policy.

Flexible premium payment

Flexible premium payment terms allow you to pay a premium once, for a limited period, or throughout the policy term.

Lump Sum Death Benefit

Death benefit shall be paid as a lump sum on the unfortunate death of the life assured during the policy term.

Accidental cover

You can get an extra payout on top of the base cover in case of accidental death of the life assured during the policy term.

Benefits of HDFC Quick Protect

Here are the key benefits of the HDFC Quick Protect.

Income Benefit on Accidental Disability Rider

In this feature, the policyholder can receive a regular monthly income equal to 1% of the rider's sum assured per month for the next ten years on the occurrence of accidental disability.

Critical Illness Benefit

Critical Illness Benefit protects policyholders against 19 listed critical illnesses. The benefit is available as a ₹10 Lakh cover under both flexi and fixed cover packages.

Tax Benefit

Quick Protect HDFC Life offers a tax rebate of up to ₹1.5 Lakhs, under section 80C of the Income Tax Act 1961, for the premium paid under the same financial year.

Accidental Death Benefit Option

Under the accidental death benefit option in HDFC Quick Protect plan, the insurance holder avails life cover with 2x coverage for accidental death.

Life Protect Option

Under the HDFC Quick Protect Plan, customers can avail protection against death wherein under the Flexi package they can opt between ₹25 Lakhs to ₹40 Lakhs sum assured options, and under the fixed package customers can avail up to ₹25 Lakhs.

Exclusions of HDFC Life Quick Protect Plan

Here is the list of exclusions associated with the plan:

  • Death due to a pandemic is not covered by the company.
  • Death caused by adventure sports.
  • Death due to consumption of drugs and alcohol.
  • Death due to any pre-existing disease not declared at policy inception.
  • If a policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits are paid to their nominee.

Conclusion

HDFC Life Quick Protect is a protection plan that allows you to stay protected with a life cover up to the age of 75. The plan offers value-added services, such as quick and hassle-free issuance, inbuilt riders, and special premium rates, which set it apart from its competitors. If you have doubts or queries regarding the Quick Protect HDFC Life plan, you can contact us through the website PolicyX.com or at 1800-4200-269.

Conclusion

HDFC Life Quick Protect is a protection plan that allows you to stay protected with a life cover up

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HDFC Quick Protect Plan: FAQs

The 5 most-asked questions about HDFC Quick Protect, answered.

The minimum age at entry for HDFC Quick Protect Plan is 18 years, whereas the maximum age for entry is 45 and 75 years respectively.
The various coverage options available under the HDFC Quick Protect Plan is as follows Life Protect Option Accidental Death Benefit Income Benefit on Accidental Disability Rider Critical Illness Rider
Yes, there are tax benefits available under the HDFC Quick Protect Plan
The following are the premium and policy term combinations under HDFC Quick Protect Plan Regular Pay- Min. 5 years & Max 40 years subject to maturity age Limited Pay- PPT 5 and PT 10 (Fixed combination)
The minimum sum assured option available to customers under the plan is INR 75 Lakhs.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 19 Jul 2023 · Originally published: 8 Oct 2024

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