Mistakes you must avoid while buying a term plan

To Prevent mailers from going into the junk folder, Please add HDFC Life to your safe senders list If you are unable to view this message correctly, [click here]( Buying Term Insurance? Here are few general mistakes you need to avoid [GET INSURED]( --------------------------------------------------------------- 1 Selecting a shorter tenure Many a times, in the pursuit of saving money and paying lesser premiums, people buy term insurance for a short period. Thus, instead of benefits, they may incur losses. Understand that term policy is for protection and it offers nothing if you outlive your policy’s maturity. --------------------------------------------------------------- 2 Insufficient Cover A term policy should ideally be ten times as much as your current income. This may seem like a huge amount, and, therefore, people buy term insurance with coverage that is too little to sustain their family’s needs in their absence. --------------------------------------------------------------- 3 Not doing an analysis Since there are so many players in the insurance market that offer competitive benefits, it would be wise to do a thorough market analysis before you finalize a policy. --------------------------------------------------------------- 4 Not making use of the internet Today, with the Internet, it is quite easy to make an informed decision. Term insurance online these days has become as easy as the click of a button. Get term plan worth ₹1 crore at less than ₹19/day# with Life Option of HDFC Life Click2Protect 3D Plus ONLINE]( tel:18002669777 #Online Premium for Life Option, Male Life Assured, 25 years of age, Lumpsum Benefit of Rs. 1 Crore for Premium Payment Term of 30 years, Annual Frequency, Exclusive of Taxes & levies as applicable (Annual Premium of Rs. 6644/365 days = Rs. 18.20 approx.). HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: Buyonline@hdfclife.in, Tel No: 1800-266-9777 ( 10 am to 7 pm). The name/letters “HDFC” in the name/logo of the Company belongs to Housing Development Finance Corporation Limited (“HDFC Limited”) and is used by HDFC Life under an agreement entered into with HDFC Limited. HDFC Life Click 2 Protect 3D Plus (UIN No.: 101N115V03, Form No.: 501-145-01) is a non-linked, non-participating term insurance plan. Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions, please read sales brochure carefully before concluding a sale. ARN: EC/07/2018/11651 BEWARE OF SPURIOUS /FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. You are receiving this message because you have been in contact with HDFC Life. To no longer receive messages from HDFC Life [click here](.