HDFC Click 2 Protect Life Plan

HDFC Life Click 2 Protect Life At A Glance

To Know More About The Plan Read The Brochure Provided Below:

Plan Options Under HDFC Click 2 Protect Life

There are 3 different plan options available to customers under HDFC Click 2 Protect Life mentioned below:

1. Life & CI Rebalance

Under this plan option, the basic sum assured chosen by the insurance holder will be split between Life Cover and Critical Illness. At the beginning of the cover, Life Cover SA is set at 80% of the basic sum assured, while the critical illness sum assured is set at 20%. When the policy is in force at every policy anniversary starting from the first policy anniversary, the Critical illness sum assured will increase every year, and the life cover sum assured will decrease by the same amount.

To understand the calculation done under the plan refer to the table below

• 30% x Basic Sum assured / Policy Term Basic

The Sum Assured (Life Cover SA + CI SA) will remain the same throughout the policy term.

Example:

For a sum assured of INR 50 Lakhs and a policy term of 10 years, the benefit structure will be as follows

Once the life insured makes a critical illness claim the life cover sum assured will be fixed at the application level and the same fixed sum assured will be continued till the end of the policy term.

2. Life Protect

Under this plan option, the insured individual is covered for death during the policy term. In case of any unfortunate incident, the insured individual dies, and the nominee gets the lump sum benefit.

For example, Mr. Awasthi is a 35-year-old man who has purchased the HDFC Life Click 2 Protect Life for a policy term of 40 years, regular pay, and avails a level cover of INR 1 Crore by paying a premium of INR 19,640 annually.

Mr. Awasthi passes away in the 7th policy year, his nominee will receive a lump sum benefit of 1 Crore.

3. Income Plus

Under this option, insured individuals can avail of a life cover for the chosen policy term and regular monthly income from age 60 onwards along with a lump sum payout on maturity.

For Example, Mr. Singh, a 45 years old gentleman, buys the Income Plus option of HDFC Life Click 2 Protect Life with a premium payment term of 5 years and coverage for Whole of Life and avails a Basic Sum Assured of INR 1 Crore. He pays a premium of INR 5,08,837 annually.

He starts receiving a regular monthly income of INR 10,000 from the start of the 16th policy year (after attaining the age of 60 years).

In case he passes away in the first month of the 20th policy year. His nominee will receive a lump sum death benefit of INR 95,20,000.

Additional Plan Benefits Under HDFC Click 2 Protect Life

Additional Benefits are available to policyholders under the HDFC Click 2 Protect Life insurance plan that are mentioned below:

1. Return of Premium (ROP) option

It is available to policyholders at an additional premium payment and you will receive a return of 100% of the Total Premiums Paid as a lump sum, upon survival until maturity.

This add-on option will be available for:

• All policy terms between 10 and 40 years for Single, Regular, and 5 Pay.
• All policy terms between 15 and 40 years for 8, 10, and 12 Pay.

2. Waiver of Premium on CI (WOP CI) Option

If you choose this add-on option, all future premiums payable under the plan will be waived, if the life assured is diagnosed with any of the covered critical illnesses. This option will be available only where Premium Payment Term is at least 5 years and Life Protect Option with Fixed Term is selected. An additional premium will be payable if this add-on option is chosen.

3. Accidental Death Benefit Option

If policyholders choose this add-on option, an additional amount equal to 100% of the Basic Sum Assured will be payable to the Nominee on the demise of the Life Assured due to an accident during the policy term. This option will be available only where Life Protect Option has been selected. An additional premium is payable when opting for this plan option

4. Alteration of premium payment frequency

Policyholders have the option to alter the premium payment frequency during the premium payment term without any charge/ fee.

5. Option to reduce Premium Payment Term from Regular Pay to Limited Pay

Policyholders have the option to convert the outstanding regular premiums into any limited premium period available under the plan options without any charge/ fee.

Riders Available Under HDFC Life Click 2 Protect Life

There are multiple riders available under the HDFC Click 2 Protect Life Plan that individuals can opt for:

1. HDFC Life Income Benefit on Accidental Disability Rider

Under this rider, individuals can avail of a benefit equal to 1% of the rider sum assured per month for the next 10 years, in case of an Accidental Total Permanent Disability. However, there is no maturity benefit available under this rider.

2. HDFC Life Critical Illness Plus Rider

Under the critical illness rider, individuals are provided a lump sum benefit equal to the rider sum assured shall be payable in case you are diagnosed with any of the 19 Critical Illnesses and survive for a period of 30 days following the diagnosis. There is no maturity benefit available under this rider.

3. HDFC Life Protect Plus Rider

A benefit as a proportion of the rider sum assured shall be payable in case of accidental death or partial/total disability due to accident or if you are diagnosed with cancer as per the option chosen under this rider. No maturity benefit is payable under this rider.

Exclusions Under HDFC Click 2 Protect Life

Suicide Exclusion

In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to at least 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.

Claim Process For HDFC Life Click 2 Protect Life Plan

In order to avail claim under the HDFC Life Click 2 Protect Life Plan individuals can follow the steps below:

• Visit the official website of HDFC Life Insurance
• Click on “claims” on the claims button which will further lead you to the claims page.
• In order to request a claim online select “start online claim” .
• In order to file a claim request via the HDFC Life branch office individuals may download and fill out the pre-authorized form and submit it at their nearest branch along with the required documents .