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Term Insurance Buying Guide for Disabled
A term insurance plan is a very critical component of any successful financial portfolio and as such, it is very important for every person to purchase it. For disabled or differently-abled persons, the need for financial inclusion and coverage is as important as it is for any other person. The needs and requirements of a disabled person are far more extensive than those of others. This is because there is a required corpus for coverage against medical bills, check-ups, therapies etc. and therefore, the insurance requirement also gets extended
1 Crore Term Insurance@Rs.19/day***
To delay is to regret
You may not always be around to take care of your family. And that’s when a term plan ensures your family is well protected.
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Return of Premium (ROP) Option^
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Individual Death Claim Settlement Ratio of 99.50%##
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Same Day Claim Processing#
:1800-266-9777
Key Factors to consider while Buying Term Insurance for Disabled Persons
Table of Content
Term insurance is one of the most basic ways in which financial inclusion can be ensured for the eligible persons. Unlike a traditional life insurance plan, a term insurance plan entitles the policy holder's nominee(s) to receive the main plan benefit (i.e. sum assured) in the event of her/his demise during the policy term without any maturity proceeds or benefits if the policy holder survives the plan term.
When it comes to purchasing a term insurance plan for a disabled person, there are certain things that must be kept in mind.
Following is a list of important parameters that must be considered while purchasing a term insurance plan for a disabled person:
Coverage scope and sum assured:
Term insurance plans come with the clause that entitles the policy subscriber's nominee(s) to receive the sum assured in the event of the subscriber's unfortunate demise during the plan term. Therefore, while choosing a term insurance plan, it is very important that the sum assured i.e. the scope of coverage must match your specific needs and requirements.
Payable premiums
Unlike general life insurance plans, term plans do not have any maturity benefits. This, in essence, means that if the policy subscriber survives the term of the plan, no additional benefits are payable to her/him. While on one hand, this may seem a little bit limiting as far the additional benefits are concerned but at the same time, term plans come at very economical prices. In fact, among the various types of basic insurance plans, term insurance plans are rated among the most economical ones. While choosing a particular policy, it is important that the payable premiums must be kept in mind so that the coverage offered is proportional to the premium-rates, which you can also estimate using a term insurance calculator.
Take inflation into account
By its very nature, a traditional term insurance plan is futuristic in nature. The kind of coverage that a term insurance plan has to suit the particular needs and timely requirements of a disabled person. Therefore, it is important that the policy must be chosen after considering the factor of inflation as this will ensure that there is proper coverage and that sufficient funds are in place at the time of need.
HDFC Life offers term insurance plans that offer diverse and extensive benefits for securing the financial strength of your family. For details, click on the mentioned link: https://www.hdfclife.com/term-insurance-plans.
Looking to buy a term insurance plan?
With so many considerations, let us help you to make easy decisions for your life insurance needs
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99.68% Claim Settlement Ratio
For FY 2024-2025
~5 Cr. Number Of Lives Insured
For FY 2024-2025
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99.68% Claim Settlement Ratio
For FY 2024-2025
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
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HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
^ Available under Life & Life Plus plan options
#Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved
##Individual claim settlement ratio by number of policies as per audited annual statistics for FY 23-24
***Online Premium for Life Option for HDFC Life Click 2 Protect Supreme(UIN:101N183V01), Male Life Assured, Non-Smoker, salaried, 20 years of age, Policy term of 25 years, Regular pay, Monthly frequency, inclusive of 15% online discount (applicable only for 1st year premium) & exclusive of taxes and levies as applicable. (Monthly Premium of 573/30=19).
**If a customer is a Salaried individual and has opted for a cover of INR 2 Cr with Limited pay, then the total discounts applicable shall be: 10% +7% = 17% discount on the first year premiums.
@As per integrated annual report FY24-25, available on www.hdfclife.com. As of May 2025
~Tax benefits of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 30% on life insurance premium u/s 80C of ₹ 1,50,000 and health premium (Critical illness rider) u/s 80D of ₹ 25,000. Tax benefits are subject to conditions under section 80C, 80D, 10(10D) as per Income Tax Act, 1961. Please consult your tax advisor for more information.
ARN: ED/12/19/17049
