HDFC Life Click2 Invest Plan

Introduction/Overview

HDFC Life Click2 Invest is a non-participating Unit Linked plan available online which gives the dual benefits of wealth maximization and insurance coverage under a single plan

4.8^~ Rated
7.7 Crore Registered Consumer
50 Partners Insurance Partners
4.2 Crore Policies Sold

ULIP Plans

Plan starting from ₹1,000/month
Save upto ₹46,800 in Tax under section 80C^{^}
Zero LTCG Tax^¶
In built life cover

Top performing plans with High Returns^**

Invest ₹10K/month & Get ₹1 Crore^# on Maturity

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Key Features HDFC Click to Invest

It is a unit linked plan with Limited Pay, Single Pay and Regular Pay option
The following 8 funds are available for investment

Equity Plus Fund
Diversified Equity Fund
Blue chip Fund
Opportunities Fund
Balanced Fund
Income Fund
Bond Fund
Conservative Fund

Benefits of HDFC Click to Invest

The insured will get the total Fund Value on Maturity
Maturity Proceeds can be availed in equal instalments post maturity over a period of 5 years through the Settlement Option
On death of the policyholder, higher of the Sum Assured or Fund Value or 105% of premiums paid is payable to the nominee
Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Last Birthday)	0 years	65 years
Maturity Age (Last Birthday)	18 years	75 years
Policy Term (PT) in years	5	20
Premium Paying Term (PPT) in years	5	20
Premium Paying Frequency	Yearly, half-yearly, monthly or Single
Yearly Premium	12,000	No limit
Sum Assured	Limited & Regular Pay –10annual premium for ages<=55 yrs. or 7annual premium for ages>45 yrs. Single Pay – 1.25*SP

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Details About Premium

Illustration for a policy term and PPT of 10 years:

Age	30 years	40 years
Premium	50,000	50,000
Sum Assured	500,000	500,000
Fund Value @ 4%	568,868	565,709
Fund Value @ 8%	709,694	706,184

Policy Details

Grace period: 15 days grace period is allowed for monthly mode and 30 days for other modes

Policy termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

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 15 days of receipt of the policy documents, provided there has been no claim.

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Inclusions

4 Free Partial withdrawals are allowed every year
4 Free switches are allowed every year for switching between funds
Future premiums can be redirected to a new fund via the Premium Redirection option of which 4 redirections are free of cost

Exclusions

The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.

HDFC Click to Invest - Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ online with accurate medical history.

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†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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