HDFC Life Click 2 Protect 3D Plus provides comprehensive financial security to the policyholders and their loved ones. The word '3D' in the plan name exemplifies protection against death, disability, and diseases. This means that the plan provides coverage to the policyholder at the time of complete unfortunate incidents like permanent disability due to accidents, terminal illness, and critical illness that arrives suddenly.
It provides financial protection to the family of the insured person at affordable rates & pays for the claim made on the manifestation of death, permanent disability, and diseases. It also offers a discount on purchasing online.
In this section above, we've discussed just an overview of the HDFC Life Click 2 Protect 3D plus plan. To find out more about the plan and its benefits, keep reading along.
Given below is a complete list of these features. Let's check them out.
There are nine options available within this plan and customers can customize their plan by selecting any of these options at their convenience.
Under this feature, policyholders can avail the flexibility to select the policy and premium payment terms at their convenience.
IIt allows the policyholder to increase insurance cover on certain key milestones of life without performing any medicals.
The plan offers special discounts and rebates on the premium rates for female lives and non-tobacco users.
To provide you with convenience, we've jotted down a complete list of benefits available under the HDFC Life Click 2 Protect 3D Plus Plan. Let's go through the list given below to learn more about these benefits.
If the policyholder confronts permanent disability (though accidents) which cannot be rectified by any treatments will receive a reduction in the future premium rates. Eventually, the financial load will get lessened.
With this benefit, if the policyholder dies then the entire sum insured amount is paid off to his/her nominee in addition to the optional benefits opted by the policyholder. But please note that the death benefit for single pay, regular and limited pay is different.
Under this benefit, the beneficiary of the insured person is provided with the coverage amount if in case the policyholder gets diagnosed with any disease that leads to his/her ultimate death. However, there are some conditions attached to this benefit. First, the death of the policyholder should happen within 6 months on the detection by a medically approved practitioner. Second, proper diagnosis reports of the policyholder must be submitted to the insurance company.
As you grow older, the burden of responsibilities also gets maximized like the marriage of children and childbirth which demands huge expenditures. Life Stage Benefit provides you the choice to increase the sum insured on the occasion of marriage and childbirth at any point during the term of the policy.
The premium paid under the HDFC Life term plan is liable to receive tax benefits under section 80C of the Income Tax Act and the benefits availed is under tax exemption.
There are a total of nine plan options available under the HDFC Life Click 2 Protect 3D Plus plan. All these options offer different types of features. Given below is a brief overview of all these plan options. Let's have a look at them.
Let's understand this plan option with the help of the following illustration:
If the sum insured is 60 lakhs and the yearly rate of increase in income is 10%. On death, the monthly income of the sum insured for 10 years would be Rs 50,000 (6 lakhs per year). The nominee will receive Rs 50,000 monthly for a tenure of 10 years which will increase by 10% in the second, third, and following years as described in the following table:
|2nd year||Rs 55,000|
|3rd year||Rs 60,000|
|4th year||Rs 65,000|
|5th year||Rs 70,000|
|6th year||Rs 75,000|
|7th year||Rs 80,000|
|8th year||Rs 85,000|
|9th year||Rs 90,000|
|10th year||Rs 95,000|
**Last Updated on August, 2021
Let's take help from the example given below to understand this option clearly.
Suppose, a person opts for a sum insured of Rs 1 crore and the extra sum insured is Rs 60 lakhs. The claim payable in the form of monthly income for 10 years constantly is Rs 1,00,000 (of basic sum insured) + Rs 50,000(of extra sum insured) = Rs 1,50,000.
The table below shows a summary of the benefits available under the different options of the HDFC Life Click 2 Protect 3D Plus Plan. Refer to this table to get a more clear picture of the benefits included within each of the 9 plan options.
|Options||Death Benefit||Acceleration of Death Benefit upon terminal illness||Premium waiver on Accidental Total & Permanent Disability||Extra Life Sum Assured upon accidental death||Premium waiver upon critical illness||Return of Premium upon maturity|
|Extra Life Option|
|3D Life Option|
|Life-Long Protection Option|
|3D Life Long Protection Option|
|Return of premium|
|Extra Life Income option|
|Income Replacement option|
**Last Updated on August, 2021
The add-on benefits available under the HDFC Click 2 Protect 3D Plus plan are listed below.
It covers 34 critical illnesses and provides extra financial protection on the investigation of critical illnesses.
A lump sum amount of basic and extra sum insured, is paid for death due to accidents against the payment of additional premium for the extra sum insured selected. It is present only in Extra Life and Extra Life Income options.
By choosing this option, you have the chance to increase the policy cover on every anniversary date of the policy. There would be a systematic or fixed increase as determined during the buying of policy.
The eligibility criteria of this plan are explained in the table below. Go through this table to find out.
|Eligibility Criteria||All Options except Life Long Protection Option & 3D Life Long Protection Option||Life-Long Protection Option & 3D Life Long Protection Option|
|Age of Entry||18 years to 65 years||25 years to 65 years|
|Policy Term||5 years to 40 years||Entire life|
|Sum Insured (minimum)||10 lakhs||10 lakhs|
|Maturity Age||23 years to 75 years||Entire life|
|Premium Payment Mode||Single Pay/ Regular Pay/ Limited pay- 5 years to 39 years||Limited Pay= 65 years minus Entry age|
|Premium Payment Frequency||Single, Annual, Semi-Annual, Quarterly, Monthly||Annual, Semi-Annual, Quarterly, Monthly|
**Last Updated on August, 2021
For your easy reference, here is a complete explanation of the exclusions. Read along to find out more about these exclusions.
Exclusions for Extra life and Extra Income Options
Death happening due to the following events have not covered the plan:
Exclusions for 3D Life-Long Protection Option and 3D Life Option
Under this plan option, deaths happening due to the following reasons are not covered:
As a customer, you have two options for buying an HDFC Term insurance plan. This means that you can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of the buying process.
Steps to buy from HDFC Life Insurance Company
Step 1:Visit the official website of HDFC Life Insurance Company.
Step 2:Go to the 'I want to buy' tab and choose the 'term plan' option.
Step 3:Click on the 'continue' and fill in all the required details.
Step 4:Tap on 'next' and select a plan as per your requirements.
Step 5:Click on the 'buy now' button and make the payment.
Once the payment is made, you will get a payment confirmation at your registered email address.
Steps to buy from PolicyX.com
The policyholder will get a grace period of 15 days for a policy with monthly premium payments. Whereas the 30 days will be given for yearly, quarterly, annually premium payment policies. If you fail to pay premiums even under this limit, then your policy will become elapsed.
A person is declared as permanently disabled-
The coverage will depend on your requirements. The term can be 5 years to 40 years/50 years applicable to Life, Extra Life, Income, and Extra Life Income option. While in the case of Life-Long Protection and 3D Life Long Protection Option, the coverage will be for the entire life.
The terminal illness must be examined by two specialized medical practitioners which are registered under the medical council of state or council for Indian medicine or homeopathy administered by the Indian government.
The practitioner must have proper knowledge in the treatment of the illness. The illness diagnosed must lead to death within 6 months after the diagnosis.
For Life Long Protection Option, the premium paying term would be 75 years less age of entry.
For the 3D Life Long Protection Option, the term for premium is 65 years less age of entry.
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