HDFC Life Click2 Protect Plan

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Introduction/Overview

HDFC Life Click 2 Protect is a traditional Term insurance plan available online providing high coverages at very low rates

Key Features

  • It is a pure term insurance plan with Regular premium paying options
  • Easy and hassle-free application process

Benefits

  • On death of the policyholder, the Sum Assured is paid to the nominee
  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

55 years

Maturity Age (Last Birthday)

28 years

65 years

Policy Term (PT) in years

10

30

Premium Paying Term (PPT) in years

Equal to policy term

Premium Paying Frequency

Annual, half-yearly, quarterly, monthly

Yearly Premium

2000

No limit

Sum Assured

10,00,000

10 crores

Details About Premium

Annual premium in Rupees for a policy term of 25 years:

Age (years)

Sum Assured

 

25 lakhs

50 lakhs

1 crore

25

2975

4700

8200

30

3800

5450

9700

35

5400

7150

12,600

40

8100

10,450

18,500

Policy Details

Grace Period: 30 days grace period is allowed for payment of premium

Policy Termination or Surrender Benefit: the policy has no Surrender Value

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 30 days of receipt of the policy documents, provided there has been no claim.

Exclusions

  • In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ online and provide self-attested copies of KYC/AML Documents.