Hdfc Life Click 2 Protect Super Policy

HDFC Click 2 Protect Super Plan At A Glance

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

Plan Options Under HDFC Click 2 Protect Super

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

1. Life Option

Under this plan option, the life assured is covered for death benefit during the policy term, which can be accelerated in the case of diagnosis of a terminal illness. Under this plan variant, the death benefit is paid as a lump sum.

For example, Mr. Singh, a 35 years old gentleman, buys the Life Option of HDFC Life Click 2 Protect Super for a policy term of 40 years, regular pay, and avails a level cover of INR 1 crore by paying a premium of INR 20,033 annually (excluding taxes). In case due to any unfortunate circumstances, Mr. Singh passes away in the 7th policy year then his nominee will receive a lump sum benefit of INR 1 crore. The death benefit is paid as a lump sum in case the life insured passes during the policy term, the sum insured is higher of

• Sum Assured on Death × SA Factor applicable in the policy year of death
• 105% of Total Premiums Paid

Sum assured will be affected by the variant opted by the customer:

2. Life Plus Option

Life Plus option is the second plan variant available under HDFC Click 2 Protect Super, wherein the life assured is covered for the death benefit, which can be accelerated in the case of diagnosis of a terminal illness. An additional amount will be payable in case of accidental death during the policy term The policy could be purchased on a single life basis or Spouse Cover could be opted for as well.

The death benefit is payable as a lump sum if the life assured dies during the policy term. It is the higher of:

• Sum Assured on Death
• 105% of Total Premiums Paid

Under this plan variant, there are other benefits other than death benefits such as:

• Accidental Death Benefit - An amount equal to Sum Assured on Death will be payable in case of accidental death. In case the event which has caused death due to an accident occurred during the policy term and death occurs after the policy term but within 180 days from the date of the Accident, the Accidental Death Benefit shall be payable.
• Terminal Illness Benefit - Under this benefit insured life will receive an accelerated death benefit on diagnosis of a terminal illness. This means an earlier payment of death benefit on prior diagnosis of a terminal illness. However, insured individuals must keep in mind that in case of diagnosis of terminal illness at ages greater than 80 years, death benefit will not be accelerated.
• Maturity Benefit: On survival until maturity, the sum assured on maturity will be payable, which will be equal to 100% of the total premiums paid, if the Return Of Premium option is selected

3. Life Goal Option

Under this plan variant, the sum assured payable on death would vary with the policy year, in accordance with the Level Cover Period and Amortisation Rate as chosen by the policyholder. Amortization rate defines the rate at which life cover would reduce post the Level Cover Period. The policyholder can choose any rate between 0% and 20% per annum.

Additional Plan Benefits Under HDFC Click 2 Protect Super Plan

1. Return of Premiums Option

Available at an additional premium, the return of premium option provides policyholders with a return of 100% of the Total Premiums which will be paid as lump sum, upon survival till maturity. This additional option can be chosen only at policy inception and will be available only where:

• All policy terms between 10 and 40 years for Single, Regular, and 5-pay
• The life Goal Option is not selected
• All policy terms between 15 and 40 years for 8, 10, and 12 Pay

2. Waiver of Premium on CI Option

Under this benefit, 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 can be opted for by customers at the time of policy purchase for payment terms other than single pay.

3. Waiver of Premium on Total and Permanent Disability

Under this benefit, all future premiums payable under the plan will be waived, in case there is an occurrence of permanent or total disability. This option can be opted for by customers only at the time of policy purchase for payment terms other than single pay.

4. Spouse Cover Option

Under this benefit, the spouse of the insured individual is covered. In the event of the unfortunate death of the life assured, the sum assured on death will be paid out to the nominee. The spouse cover will then start and shall be equal to a chosen percentage of the life assured’s basic sum assured, as opted at policy inception.

5. Death Options As Installments

Under this benefit, the nominee will receive full or part of the death Benefit in installments. There are certain conditions involved when opting for this benefit

• This option can be chosen by the policyholder at policy inception or by the nominee at the time of claim.
• This option can be opted for full or part of death claim proceeds payable under the policy.
• The installment can be taken over a chosen period of 5 to 15 years

6. Option To Alter The Premium Frequency

Under this benefit offered by the HDFC click to protect super the policyholder has the option to alter the premium frequency during the premium payment term.

7. Option To Change Premium Payment Term From Regular To Limited Pay

Under this plan option, individuals can convert their premium payment term from regular to limited premium payment available under the policy.

8. Renewability Option at Maturity

Under this plan option, individuals can choose to extend the term of their policy. This option can be exercised a maximum of five times. There are certain conditions applicable to the additional premium payable for the extended term such as:

• Attained age at the time of maturity
• The chosen increase in a policy term

9. Life Stage Option

Under this plan the policyholder may opt to increase the sum assured on any of the below-specified events in the life of the life assured:

• 1st Marriage: 50% of Basic Sum Assured to a maximum of INR 50 lakhs
• Birth of 1st child: 25% of Basic Sum Assured to a maximum of INR 25 lakhs
• Birth of 2nd child: 25% of Basic Sum Assured to a maximum of INR 25 lakhs

Smart Exit Benefit Under HDFC Click 2 Protect Super

The policyholder has the option to receive Smart Exit benefit, equal to the Total Premiums Paid under the policy. No additional premium is payable to avail of this option. This option can be exercised by canceling the policy subject to the following conditions:

• This option can be exercised in any policy year greater than 30, but not during the last 5 policy years.
• The policy has to be in force at the time of exercising this option.

Riders Available Under HDFC Click 2 Protect Super Plan

There are multiple riders available under the HDFC Click 2 Protect Super 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.

Riders provided under HDFC Life Click 2 Protect Super are available as per the combinations mentioned below:

Exclusions Under HDFC Click 2 Protect Super Plan

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 Super Plan

In order to avail claim under the HDFC Life Click 2 Protect Super 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 .