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HDFC Click 2 Protect Life provides comprehensive financial protection to your family. This plan comes with 3 plan options that are designed to fulfill your needs financially. The policy offers a term return of premium and whole life insurance options under the same plan along with special premium rates for female and non-smoking customers.
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This plan allows the policyholders to pay premiums and receive benefits payout as per their suitability. Let us see the details of the key features and benefits offered under the policy.
The HDFC Click 2 Protect Life plan offered by HDFC life insurance has the following key features:
Comprehensive financial protection to you and your family
Choose from 3 plan options
Life insurance & CI rebalance
Life protect
Income plus
The term return of premium option returns all the premiums paid at the end of the policy term
Provides the option to avail life protection for whole of life
Choose to receive the income payouts from 60 years onwards under the Income Plus Option
Offers an additional sum assured on the Accidental death of the policyholder under the ADB (Accidental Death Benefit) option
Under the WOP CI (Waiver of Premium on Critical Illness) option, the plan waives off remaining premiums on the diagnosis of a critical illness covered under the plan
Special premium rates for female lives and non-tobacco users
The eligibility criteria of this HDFC Term Insurance plan are as follows:
| Plan option | Life & critical illness rebalance | Life protect | Income plus | ||
| Fixed term | Whole life | Fixed term | Whole life | ||
| Minimum age at entry | 18 years | 18 years | 45 years | 30 years | 45 years |
| Maximum age at entry | 65 years | 65 years | 65 years | 50 years | 10 pay: 50 years single pay, 5 pay: 55 years |
| Minimum age at maturity | 28 years | 18 years | Whole life | 70 years | Whole life |
| Maximum age at maturity | 75 years | 85 years | Whole life | 85 years | Whole life |
| Minimum policy term | 10 years | Single pay: 1 month regular pay: 5 years limited pay: 6 years |
Whole life | 70 years – age at entry |
Whole life |
| Maximum policy term | 30 years | 85 years – age at entry | Whole life | 40 years | Whole life |
| Premium payment term | Single pay, regular pay, limited pay (5 to any PPT less than PT) |
Limited pay (5, 10, 15 pay) |
Single pay, limited pay (5, 10 pay) | ||
| Minimum basic sum assured | Rs. 20,00,000 | Rs. 50,000 | |||
| Maximum basic sum assured | No limit, subject to board approved underwriting policy (BAUP) | ||||
Minimum premium illustrative under various premium payment terms and premium frequencies:
| Premium Payment Term | Premium Frequency | Minimum Premium Per Instalment |
| Single Pay (SP) | Single | 59 Rupees |
| Limited Pay (LP) / Regular Pay (RP) | Annual | 205 Rupees |
| Half-yearly | 105 Rupees | |
| Quarterly | 53 Rupees | |
| Monthly | 18 Rupees |
* Premium may vary depending upon the plan option selected.
Note: The Term insurance calculator can help you estimate the required premiums you need to pay for the desired life cover.
You can select from the following 3 options under the HDFC click 2 protect plan:
With this plan option, the critical illness cover of the term insurance plan increases in accordance with the decrease in the life cover amount. Along with that, the policy premiums will be waived off in case of the diagnosis of a critical illness listed under the plan.
Under the life protect option, a lump sum amount equal to the sum assured is paid on the death of the life assured to their nominee.
Under the income plus option, the Life Assured is covered for the policy term and also receives a lump sum payout on maturity as regular income 60 years of age onwards.
You can take a look at the following benefits to get a better understanding of what is term insurance benefits offered by HDFC life click 2 Protect life:
Basic sum assured is divided between
Life cover sum assured
Critical illness sum assured
Critical illness cover increases at each policy anniversary, subsequently reducing the life cover.
With a Basic Sum Assured of 50 lakhs and a policy term of 10 years,
| Policy Year | Life Cover Sum Assured | Critical Illness Sum Assured |
| 1 | 40.0 lakh | 10.0 lakh |
| 2 | 38.5 lakh | 11.5 lakh |
| 3 | 37.0 lakh | 13.0 lakh |
| 4 | 35.5 lakh | 14.5 lakh |
| 5 | 34.0 lakh | 16.0 lakh |
| 6 | 32.5 lakh | 17.5 lakh |
| 7 | 31.0 lakh | 19.0 lakh |
| 8 | 29.5 lakh | 20.5 lakh |
| 9 | 28.0 lakh | 22.0 lakh |
| 10 | 26.5 lakh | 23.5 lakh |
Once a critical illness claim is made,
Life cover sum assured is fixed
The same sum assured will continue until the end of the policy term
The death benefit is payable as a lump sum to the nominee during the demise of the life assured.
It is the highest of:
Sum Assured on Death
105% of Total Premiums Paid
Life Cover SA
Sum assured on death for single pay is the higher of:
125% of Single Premium
Sum Assured on Maturity
The applicable critical illness sum assured during the time of diagnosis of the disease will be payable to the policyholder.
In addition, all future premiums payable under the plan will be waived off and the life cover will continue.
On survival, sum assured on maturity will be payable
Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits shall be payable
Under the life protect option, you are covered for death during the policy tenure. In case of unfortunate demise, the nominee receives lump sum benefits.
The death benefit is payable if the life assured dies during the policy term.
It is the higher of:
Sum Assured on Death
105% of Total Premiums Paid
Sum Assured on Death for Single Pay is the highest of:
125% of Single Premium
Sum Assured on Maturity
Basic Sum Assured
On survival, sum assured on maturity will be payable
Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits shall be payable
Under this option, life cover is offered for a selected policy term.
Monthly income of 0.1% of the Basic Sum Assured shall be paid in arrears, starting from the policy anniversary following the 60th birthday of the policyholder and continues until death or policy maturity, whichever occurs earlier.
The death benefit is payable to the nominee as a lump sum at the time of the untimely demise of the policyholder.
It is the higher of:
Sum Assured on Death
105% of Total Premiums Paid
less total survival benefits paid out till the date of death
Sum Assured on Death for Single Pay is the highest of:
125% of Single Premium
Sum Assured on Maturity
Basic Sum Assured
On the survival during policy term (provided all premiums have been duly paid), an income equal to 0.1% of Basic Sum Assured will be payable to the policyholder at the end of every month, following policy anniversary after attaining age 60 years, until death or end of the policy term, whichever occurs first.
For Fixed Term: Sum Assured on Maturity shall be payable
For Whole Life: NIL
Term Return of Premium (ROP) Option: If the policyholder chooses the Term return of premium plan option, all the premiums paid throughout the policy term will be returned to the policyholder at the end of the policy tenure.
Waiver of Premium on Critical Illness (WOP CI) option: With this option, all the remaining premiums for the term plan, on the diagnosis of a critical illness listed under the plan will be waived off. The premium payment term to opt for this option has to be more than 5 years and the plan option should be Life protect option with a fixed term.
Accidental Death Benefit (ADB) option: Under the ADB rider benefits, the entire rider sum assured will be paid to the nominee in case of the policyholder’s death due to an accident.
Alteration of Premium Payment Frequency: The policyholder can change the premium payment mode or frequency at any point during the premium payment term.
Option to reduce premium payment term from regular pay to limited pay: The HDFC Click to protect life provides the policyholders with the option to convert their Regular payment premium term to a limited pay premium term at no extra costs.
The HDFC Click 2 Protect Life plan offers the following rider options to help you enhance your protection
1% of Rider Sum Assured is paid per month for the next 10 years, in case of an Accidental Total Permanent Disability.
No maturity benefits are available
Lump-sum benefit equal to the Rider Sum Assured shall be payable in case of diagnosis of a critical illness covered under the plan
No maturity benefits are available
A benefit as a proportion of the Rider Sum Assured shall be payable in case of
Accidental death
Partial/Total disability due to accident
Diagnosed with cancer
No maturity benefits are available
Here is a list of all the policy details of the HDFC click 2 protect life plan that you should know:
Free Look Period
Under the free look period if the policyholder is unsatisfied with the policy documents and its T&Cs, he/she can cancel the policy without any repercussions, and receive all the premiums paid. The free look period for a policy purchased online is 30 days from policy issuance whereas, for an offline issued policy, it is 15 days from receiving the policy documents.
Grace Period
The grace period is the extra time period provided to the policyholder to pay their premiums after the premium is due without lapsing the policy. The grace period for monthly premiums is 15 days and for all the other premium payment modes it is 30 days.
Revival
The policyholder can receive their lapsed HDFC Life click 2 protect life plan within the 5 year revival period from the date of the last unpaid premium. The policyholder will need to submit the remaining premiums, interest on the amount, and the applicable taxes to revive his/her lapsed policy.
Policy Loan
There is no loan facility available under this plan since it is a pure term life insurance.
Surrender
In the case of a single premium payment the policy accumulates a surrender value immediately, while under limited and regular pay the surrender value is accumulated after 2 years of premium payments. On the surrender of the term plan, the surrender value will be provided to the policyholder and the policy will terminate.
In case the policyholder commits suicide within 12 months of policy issuance or revival, the insurer will provide at least 80% of the total premiums paid until the policyholder’s death or the surrender amount, whichever is higher, given that the policy is still active.
†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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