HDFC Life Click 2 Protect Ultimate: 100% Claim Assurance 

Key Features of HDFC Click 2 Protect Ultimate

• Get 100% claim assurance, ensuring transparency, reliability, and hassle-free claim processing for your peace of mind.

• This term insurance policy provides financial protection in case of the policyholder’s untimely demise.

• The return of premium option pays back all the premiums paid during the policy term.

• The smart exit benefit allows you to exit the plan early and receive all the premiums paid until that point.

• If a terminal illness is diagnosed, the accelerated death benefit will be paid if the sum assured is less than 2 Crores until 80 years of age.

• You can change the premium payment term and frequency as per your needs.

• The policy provides the option to convert the policy into reduced paid-up to ensure policy coverage even when you cannot pay the premiums.

• Option to receive death benefits in installments. 

• Female customers can get a lifetime discount of 15%.

Benefits of HDFC Life Click 2 Protect Ultimate

1. Death Benefits

   The death benefit will be payable on the policyholder’s untimely death during the policy term. It will be paid as the higher of the following:

   • Sum assured on death

   • 105% of the total premiums paid

   Sum Assured on Death for Single Pay (SP) is the highest of:

   • 125% of Single Premium

   • Sum Assured on Maturity

   • Basic Sum Assured

   Sum Assured on Death for Limited Pay (LP) and Regular Pay (RP) is the highest of:

   • 10 times the Annualized Premium

   • Sum Assured on Maturity

   • Basic Sum Assured

2. Maturity Benefits

   On survival of the policy term, the sum assured on maturity will be payable to the customer, which would be equal to a 100% of the total premiums paid only if ROP or the return of premium option is selected.

3. Return of Premium (ROP) 

   The return of premium option offered under this plan will return a 100% of the premiums paid as a lump sum on the maturity of the policy. This option is available at an additional premium and can be chosen at the time of policy purchase.

4. Smart Exit Benefit

   The policyholder can choose to exit the plan early and receive all the premiums paid until that point. This feature is available at no cost, and the policy will terminate once the premiums are returned. The smart exit benefit is available for policies with terms greater than 25 years and cannot be availed during the last 5 years.

5. Terminal Illness Benefits

   The sum assured on death, up to a maximum of 2 Crores, will be accelerated in the event of diagnosis of a terminal illness during the policy term. The benefit payout will not be accelerated paid in case of terminal illness diagnosis before the age of 80 years. 

   • If the death benefit is equal to the terminal illness benefit, the policy will terminate

   • If the death benefit is greater than the terminal illness benefit, the policy will continue, and the remaining amount will be paid at the death of the policyholder

6. Comprehensive Medical 

   The HDFC Life Insurance company is the first company to offer 100% claim assurance with a plan. This is because while many individuals fail to detail their medical history, the HDFC Life Click 2 Protect Ultimate requires you to undergo a comprehensive medical exam, which gives a more accurate picture of the customer’s health conditions. Not only that, the company’s claim settlement ratio is greater than its claim complaint ratio, which emphasises customer satisfaction.

7. Surrender Benefits

   Guaranteed surrender value is activated immediately upon premium payment for single-pay policies and one-year premium payment for limited or regular-pay policies. The insurer may pay a special surrender value after the completion of the first policy year.

   Your Surrender Value will be the higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV). Where, 

   GSV = GSV Factor % × Total Premiums Paid 

   For policies where return of premium is not opted, the policy cancellation as acquired will be paid:

   • If the life assured surrenders the policy during the policy term for SP or LP policies

   • On the death of the policyholder during the revival period

   • At the end of the revival period if the policy is not revived

8. Tax Benefits

   You can claim term insurance tax benefits as per the prevailing tax laws under sections 80C and 10(10D) of the Income Tax Act, 1961. You can check with your financial advisor to see the applicable tax benefits with this plan.

Eligibility Conditions to Buy the HDFC Life Click 2 Protect Ultimate

Here is a list of eligibility criteria you need to fulfill to buy this HDFC term insurance plan:

You can use the term insurance premium calculator to check the premiums applicable to your profile.

Additional Benefits of HDFC Click 2 Protect Ultimate

Death Benefit as Instalments

On selecting this option, the nominee will receive the full or part of the death benefit in instalments. This option can be selected at the time of policy purchase and allows death benefit to be paid in instalments for a 5 to 15-year period.

Change Premium Frequency and Term

The policyholder can change the premium pay frequency anytime during the premium pay term. Depending on your changing needs, you can also change the premium pay term from regular pay to limited pay.

Reduced Paid-up

A reduced paid up policy will only be applicable for the return of premium option with the limited or regular pay options where the premiums are paid for at least 1 full year after the completion of the first policy year.

Once the policy has acquired paid-up value and the policyholder stops paying premiums:

• The death benefit paid will be higher of the following:

  • Sum assured on death x SA Factor x (Total premiums paid / Total premiums payable)

  • 105% of the total premiums paid

• Accidental Death Benefit as per the following:

  • Sum Assured on Death × (Total Premiums Paid ÷ Total Premiums Payable)

• Maturity Benefits as per the following:

  • Sum Assured on Maturity × (Total Premiums Paid ÷ Total Premiums Payable)

Policy Details of the HDFC Life Click 2 Protect Ultimate

• Free Look Period: The free look period offered under this plan is 30 days from receipt of the policy documents. During this period, in case you want to cancel the policy, you need to submit the required documents and the premium paid will be returned after a proportionate deduction of the risk premium and other nominal charges.

• First-Year Discounts: A discount of 5% on the first-year premium would be applied on policies purchased on worksite marketing, branch walk-ins, and distance marketing like tele, online, or web aggregator sales. 

• Female Discounts: A 15% discount for female customers for their whole lives.

• Revival Benefit: The lapsed policy can be revived on the payment of all the outstanding premiums, and the revival period will be 5 years from the date of the first unpaid premium payment due date.

• Grace Period: This is available for limited and regular pay policies and provides a grace period of 30 days for yearly, half-yearly, and quarterly modes of payment. The grace period is 15 days for monthly premium pay modes. If the premiums are not paid during this period, the policy will either lapse or be converted into reduced paid-up, depending on applicability.

Exclusions of the HDFC C2P Ultimate

Suicide

The HDFC Life Click 2 Protect Ultimate has a suicide exclusion, wherein if the policyholder suffers an untimely death within the first 12 months of policy purchase or revival, at least 80% of the total premiums or the surrender benefit will be paid to the nominee, depending on whatever is higher.

Non-Disclosure of Cancer 

Non-Disclosure of Auto-immune Diseases 

Non-disclosure of autoimmune diseases: Autoimmune diseases are a group of disorders in which the immune system mistakenly attacks its own cells and tissues instead of protecting the body from harmful invaders like bacteria and viruses. This leads to inflammation and damage across different organs and body systems.

Waiting Period

The Terminal Illness Benefit has a waiting period of six months from the Policy Risk Commencement Date. No benefit will be paid if a terminal illness is diagnosed within this period.