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HDFC Life Click 2 Protect Plus is a pure term plan that offers comprehensive protection at low premium rates. This non-linked and non-participating term insurance plan secures you and your family members against multiple unforeseen events in life. With a wide range of additional cover options, this plan is an ideal comprehensive protection policy for you. Let’s discuss the plan in detail and understand its features, benefits and eligibility criteria.
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Here are the key features of HDFC Life Click 2 Protect Plus:
The plan offers comprehensive life coverage at low premium rates
Provides financial security to you and your loved ones
You can customize your policy with the different cover options:
Life option: This option pays the lump sum amount on the policyholder’s death
Extra Life Option: The additional lump sum amount is payable on death due to an accident
Income Option: This option pays 10 percent of the life cover on death with the rest 90 percent payable in form of monthly income over 15 years.
Income plus option: In this, the sum assured amount is paid to the nominee in case of the death of the policyholder and also provides a monthly income to the loved ones for over 10 years. A monthly income equivalent to 0.5 percent of the SA becomes payable for a term of 10 years. The monthly income can be increasing or level at 10 percent per year on each policy anniversary.
The cover is available up to 85 years
Flexibility to choose from single, limited, and regular premium payment options
Low premium rates for non-smokers or non-tobacco users
With the features of Life Stage Protection under Life Option, you can increase your insurance coverage on various life stages without medicals.
Get tax benefits as per prevailing Income tax laws
| Options of plan | Coverage |
| Life Option | Death Benefit |
| Extra Life Option | Death benefits along with Accidental death benefit |
| Income Option | 10 percent of the death benefit as a lump sum amount with the remaining 90 percent paid in the form of monthly income over 15 years time. |
| Income Plus Option | 10 percent of the SA is paid on death and a monthly income equivalent to 0.5 percent of SA becomes paid for a time of 10 years. The monthly income can be increasing or level at 10% simple rate per annum chosen by the policyholder. |
| Parameters | Limits |
| Entry Age | 18 - 65 years |
| Maximum Maturity Age | 85 years |
| Policy Term | 5 - 40 years |
| Premium Payment Options | Regular Pay: throughout the policy term Limited Pay: 5,10,12 years Single Pay: one-time premium payment |
| Premium Payment Frequency | Single/Annual/Half-Yearly/Quarterly/Monthly |
| Sum Assured | Minimum: 25 Lacs Maximum: No Limit |
| Premium Limit | Minimum: ₹ 2,376 Maximum: No Limit |
HDFC Life Click2Protect Plus Policy comes with a wide array of benefits to offer to its buyers. The key benefits offered by HDFC Life Click2Protect Plus policy are as follows:
Death Benefit: In the unforeseen event of a policyholder’s death during the policy tenure, the nominee/beneficiary will receive the benefit as mentioned below:
For Single premium policies
125 percent of single premium
Sum Assured
Other than Single Premium Policies
10X of annual premium
105 percent of all the premiums that are paid as of the death date
Sum Assured
Maturity Benefit: No maturity benefit is payable upon survival till the end of the policy tenure.
Life Stage Protection: This is available under the Life option upon the payment of an extra premium. With this life protection feature, a policyholder can:
Increase cover i.e., sum assured which leads to a proportionate increase in future premiums. You can increase up to 50% of the SA (maximum to Rs. 50 Lakhs) in the event of your marriage. Moreover, you can increase up to 25% (twice) of the SA (maximum to Rs. 25 Lakhs, each time) in the event of the birth of up to 2 children.
Decrease the extra cover later which leads to a proportional reduction in the future premium amounts.
Surrender Benefits: A surrender value is payable under HDFC LIFE Click 2 Protect Plus policy if the policyholder decides to surrender his/her policy. In the case of the Single Premium option, the surrender value is accrued immediately after the payment of the premium. For the Limited Pay option, the value is accrued after the completion of payment of premiums for two full consecutive policy years.
Tax Benefits: Tax benefits may be availed by the life assured on the paid premiums as per the Income Tax Act, 1961. It is advisable to consult a tax advisor to know more.
++Tax benefit is subject to changes in tax laws
The HDFC LIFE Click 2 Protect Plus plan offers the following additional riders to enhance the base policy coverage:
HDFC Life Income Benefit on Accidental Disability Rider: A benefit equivalent to 1 % of the rider’s life cover per month for the coming 10 years, in case of an accidental total permanent disability. No maturity benefit is available under this benefit.
HDFC Life Critical Illness Plus Rider: One-time benefit equivalent to the rider sum assured shall be payable if you are diagnosed with mentioned 19 critical illnesses and survive for a time of 30 days, after the diagnosis. No maturity benefit is available under this benefit.
Below mentioned are few of the policy details that you must know before buying the HDFC LIFE Click 2 Protect Plus plan:
Surrender Benefits: A surrender value is payable under HDFC LIFE Click 2 Protect Plus policy if the policyholder decides to surrender his/her policy. In the case of the Single Premium option, the surrender value is accrued immediately after the payment of the premium. For the Limited Pay option, the value is accrued after the completion of payment of premiums for two full consecutive policy years.
Discontinuance of Premium: If the due amount of the premium is not paid by the last of the grace time for limited and regular payment options, the plan shall lapse without any amount and the benefits of the policy shall cease.
Grace Period: The grace period is the time that is provided after the due date of the premium during which the plan is considered to be active with the risk cover. The grace period of this plan is 30 days for quarterly, half-yearly, and yearly frequencies whereas 15 days for monthly frequencies from the premium due date.
Free Look Period: If you are not satisfied with the policy’s T&Cs, you have the option of returning the plan to the company stating the reasons, within 15 days of receiving the policy receipt. The free look time for plans bought through online/distance marketing will be 30 days.
Revival: You have the option to revive your lapsed plan within a time span of 5 consecutive years of lapsation, subject to T&Cs. The pending premium rates should be instantly paid along with the valid rate of interest.
Policy Loan: No Policy Loans are available
Suicide: In case the life assured’s death occurs due to suicide within 12 months from the inception/revival of the policy, then the beneficiary is entitled to receive 80% of the total paid HDFC LIFE Click 2 Protect Plus premium or the accrued surrender value, whichever applicable, as available on the date of death.
++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Below mentioned are the ways to buys the HDFC Life Click 2 Protect Plus plan from Policybazaar:
Step 1: Go to Policybazaar’s Term Insurance page
Step 2: Enter basic details like Name, DOB, and Phone no. and click on ‘view plans' button
Step 3: Submit details about your occupation type, annual income, educational qualifications, and smoking habits
Step 4: Choose HDFC Life plan from the list of options that you receive
Step 5: Enter details, like name, email ID, occupation, yearly income, educational qualification, city, pincode and nationality.
Step 6: Proceed to pay via net banking, debit or credit card and complete the payment process to buy the plan.
HDFC LIFE Click 2 Protect Plus is the ideal term insurance plan for anyone looking to secure their family's financial future with high life cover at low premium rates. With its comprehensive coverage and flexible options, this plan provides the much-needed financial protection in case of unforeseen events. You can easily buy it from Policybazaar and avail added discounts and assistance.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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