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Overview
HDFC Life Click 2 Protect Ultimate is a Non-Participating, Non-Linked, Individual, Savings Life Insurance Plan/Pure Risk Premium Plan. It provides life cover with a terminal illness benefit and refunds premiums if you survive till maturity. The plan offers 100% claim assurance, flexible death benefit payout, and policy servicing features like revival, paid-up value, and clear legal provisions under the Insurance Act, 1938.
Key Benefits
- Life Cover with Terminal Illness Benefit
- Hassle-Free Claim Procedure / 100% Claim Assurance
- Death Benefit (payable as a lump sum or in instalments)
- Acceleration of Death Benefit on diagnosis of specified terminal illnesses
- Maturity Benefit/Return of Premium (ROP) Option (on survival till maturity)
- Death Benefit as an Instalment Option
- Smart Exit Benefit
Plan Features
Return of Premium Option
This feature is optional and can only be selected at policy inception. It involves a higher premium than the pure protection option.
Instalment Option for Nominees
You or the nominee can choose the death benefit instalment option at inception or at the time of claim. The nominee can switch from instalments to a lump sum, but this is subject to product rules.
Paid-Up Value
For Return of Premium options with Limited/Regular pay, if premiums stop after the payment of the minimum required premiums, the policy may acquire a paid-up value. Benefits decrease proportionately due to the paid-up value formula in the policy.
Free-Look Period
If you are not satisfied with the terms and conditions, you can return the policy within the first 30 days of policy commencement and receive a refund after deducting risk premiums for the period covered, stamp duty, and other medical expenses.
Legal Provisions
All nominations and assignments are governed by relevant sections of the Insurance Act, 1938. Fraud and non-disclosures are handled as per Section 45 and other applicable provisions.
Exclusions
- Death due to suicide within 12 months of policy commencement is excluded. The nominee receives 80% of premiums paid or the surrender value, whichever is higher.
- Misstatement of health conditions can lead to policy cancellation or decreased benefits.
- The terminal illness benefit has a waiting period of 6 months from policy inception and is not payable after the age of 80.
Additional Benefits
Financial Protection
You can choose from four death benefit options. Whole life cover is available for higher ages as per plan rules and regulations. You can choose to receive your death benefit as a lump sum, in instalments, or a combination of both.
Illness & Waiver Benefits
For terminal illness, 50% of the sum assured is paid early. After a valid claim, all future premiums are waived. An optional benefit for women waives future premiums if the husband dies.
Early Payout
The policy pays out 50% of the effective sum assured immediately upon diagnosis and acceptance of a terminal illness claim.
