HDFC LIFE Click 2 Protect Plus

HDFC Life Click 2 Protect Plus is a pure protection plan that offers comprehensive protection at low premium rates. This non-linked and non-participating term insurance plan protects yourself and your family members against the eventualities of life. With a wide range of additional cover options, this plan is the right protection plan with the best features.

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Get ₹1 Cr. Life Cover at just ₹449/month+
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

+Tax benefit is subject to changes in tax laws.

++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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Moreover, as per the HDFC LIFE Click 2 Protect Plus reviews, one can also offer attractive tax benefits on paid premiums that would prove worthwhile.

Key Features of HDFC Life Click 2 Protect Plus 

Here are the key features of HDFC Life Click 2 Protect Plus: 

  • The plan offers comprehensive life coverage at low premium rates

  • Provides financial security to you and your loved ones 

  • You can customize your policy with the different cover options: 

    • Life option: This option pays the lump sum amount on the policyholder’s death 

    • Extra Life Option: The additional lump sum amount is payable on death due to an accident

    • Income Option: This option pays 10 percent of the life cover on death with the rest 90 percent payable in form of monthly income over 15 years. 

    • Income plus option: In this, the sum assured amount is paid to the nominee in case of the death of the policyholder and also provides a monthly income to the loved ones for over 10 years. A monthly income equivalent to 0.5 percent of the SA becomes payable for a term of 10 years. The monthly income can be increasing or level at 10 percent per year on each policy anniversary. 

  • The cover is available up to 85 years 

  • Flexibility to choose from single, limited, and regular premium payment options 

  • Low premium rates for non-smokers or non-tobacco users 

  • Get tax benefits as per prevailing Income tax laws 

Product Specifications 

Parameters Limits
Entry Age Minimum: 18 years
Maximum: 65 years
Maximum Maturity Age 85 years
Policy Term 5 to 40 years
Premium Payment Options Regular Pay: throughout the policy term
Limited Pay: 5,10,12 years
Single Pay: one-time premium payment
Premium Payment Frequency Single/Annual/Half-Yearly/Quarterly/Monthly
Sum Assured Minimum: 25 Lacs
Maximum: No Limit

Benefits of HDFC LIFE Click 2 Protect Plus Policy

HDFC Life Click2Protect Plus Policy comes with a wide array of benefits to offer to its buyers. The key benefits offered by HDFC Life Click2Protect Plus policy are as follows:

  • Death Benefit: In the unforeseen event of a policyholder’s death during the policy tenure, the nominee/beneficiary will receive the benefit as mentioned below: 

    • For Single premium policies 

      • 125 percent of single premium 

      • Sum Assured 

    • Other than Single Premium Policies 

      • 10X of annual premium 

      • 105 percent of all the premiums that are paid as of the death date 

      • Sum Assured 

  • Maturity Benefit: No maturity benefit is payable upon survival till the end of the policy tenure. 

  • Life Stage Protection: This is available under the Life option upon the payment of an extra premium. With this life protection feature, a policyholder can: 

    • Increase cover i.e., sum assured which leads to a proportionate increase in future premiums 

    • Decrease the extra cover later which leads to a proportional reduction in the future premium amounts. 

  • Surrender Benefits: A surrender value is payable under HDFC LIFE Click 2 Protect Plus policy if the policyholder decides to surrender his/her policy. In the case of the Single Premium option, the surrender value is accrued immediately after the payment of the premium. For the Limited Pay option, the value is accrued after the completion of payment of premiums for two full consecutive policy years.

  • Tax Benefits: Tax benefits may be availed by the life assured on the paid premiums as per the Income Tax Act, 1961. It is advisable to consult a tax advisor to know more.

++Tax benefit is subject to changes in tax laws

Additional Riders for HDFC LIFE Click 2 Protect Plus

The HDFC LIFE Click 2 Protect Plus plan offers the following additional riders to enhance the base policy coverage:

  • HDFC Life Income Benefit on Accidental Disability Rider: A benefit equivalent to 1 % of the rider’s life cover per month for the coming 10 years, in case of an accidental total permanent disability. No maturity benefit is available under this benefit.

  • HDFC Life Critical Illness Plus Rider: One-time benefit equivalent to the rider sum assured shall be payable if you are diagnosed with mentioned 19 critical illnesses and survive for a time of 30 days, after the diagnosis. No maturity benefit is available under this benefit.

Policy Details

Surrender Benefits: A surrender value is payable under HDFC LIFE Click 2 Protect Plus policy if the policyholder decides to surrender his/her policy. In the case of the Single Premium option, the surrender value is accrued immediately after the payment of the premium. For the Limited Pay option, the value is accrued after the completion of payment of premiums for two full consecutive policy years.

Discontinuance of Premium: If the due amount of the premium is not paid by the last of the grace time for limited and regular payment options, the plan shall lapse without any amount and the benefits of the policy shall cease.

Grace Period: The grace period is the time that is provided after the due date of the premium during which the plan is considered to be active with the risk cover. The grace period of this plan is 30 days for quarterly, half-yearly, and yearly frequencies whereas 15 days for monthly frequencies from the premium due date.

Free Look Period: If you are not satisfied with the policy’s T&Cs, you have the option of returning the plan to the company stating the reasons, within 15 days of receiving the policy receipt. The free look time for plans bought through online/distance marketing will be 30 days.

Revival: You have the option to revive your lapsed plan within consecutive 5 years of lapsation, subject to T&Cs. The pending premium rates should be instantly paid along with the valid rate of interest.

Policy Loan: No Policy Loans are available

Exclusions of HDFC LIFE Click 2 Protect Plus

Suicide: In case the life assured’s death occurs due to suicide within 12 months from the inception/revival of the policy, then the beneficiary is entitled to receive 80% of the total paid HDFC LIFE Click 2 Protect Plus premium or the accrued surrender value, whichever applicable, as available on the date of death.

++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

FAQ's

  • Q: What are plan options available under HDFC LIFE Click 2 Protect Plus?

    Ans. Under this policy, the plan options are Life Option, Extra Life Option, Income Option, and Income Plus Option.
  • Q. Can I surrender the HDFC Life Click 2 protect plus plan? 

    Yes, you can surrender your plan anytime in case of a single premium, and surrender value is provided instantly upon premium payment. In Limited Pay, the surrender value will be provided upon premium payment for 2 years. The surrender benefit is mentioned below: 
    Payment of premium Surrender value
    Single and Limited Pay 70% X total amount of premium paid X (Unexpired cover term/Original term cover)
    Regular Pay No Surrender value
  • Q: How long the premiums must be paid under the Limited Pay option?

    Ans. The life assured must pay HDFC LIFE Click 2 Protect Plus premium under Limited Pay option for 5/ 10/ 12 years or the chosen policy term minus 5 years.
  • Q: What happens if the life assured does not pay the premiums?

    Ans. In the case of due premiums, the life assured gets a grace period of 30 days for all frequencies except monthly to pay the premium. However, if the premium is not paid within this period, then the HDFC LIFE Click 2 Protect Plus policy status will be considered to have lapsed.
  • Q: What benefits are provided under the Critical Illness Rider?

    Ans. By choosing the additional rider of Critical Illness, the life assured gets a benefit that equals the sum assured of the rider payable only if the policyholder suffers any of the 19 critical illnesses mandated by the insurer.
  • Q: What is Life Stage Protection?

    Ans. Life Stage Protection is a financial cover provided by HDFC LIFE Click 2 Protect Plus, which covers only for six months from the inception of the event, provided that the age of the life assured is below 45 years at the time of choosing this protection. This protection is only available with the Life Option.
  • Q: How long is the free-look period?

    Ans. The insurer provides a free-look period of 15 days (30 days for distant mode), during which the policy buyer can cancel the policy by providing a written notice stating the reason.
  • Q: Does this plan provide policy loan benefits?

    Ans. HDFC LIFE Click 2 Protect Plus does not provide policy loan benefits.
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