HDFC Life Click 2 Protect Life

Let us discuss in length what this plan holds for you and your family.

What Is Click 2 Protect Life?

HDFC Click 2 Protect Life provides comprehensive financial protection to your family. It comes with a 3 plan option that will fulfill your needs financially. A policyholder, under Click 2 Protect Life plan can have an electronic Insurance Account (eIA). This eIA can hold insurance policies issued from any insurer in dematerialized form, thereby facilitating the policyholder to access his policies on a common online platform.

Features Of Click 2 Protect Life

The following features can be availed under HDFC Click 2 Protect Life plan:

• Comprehensive financial protection to you and your family
• 3 plan options to choose from
  • Life insurance & Critical illness rebalance
  • Life protect
  • Income plus
• Return of premium paid on survival till maturity with the return of premium option
• Additional sum assured under accidental death
• Special premium rates for female lives and non-tobacco users

Eligibility Conditions and Other Restrictions

Minimum premium illustrative under various premium payment terms and premium frequencies:

* Premium may vary depending upon the plan option selected.

Plan Options Under Click 2 Protect

You can select from the following 3 options under click 2 protect plan:

1. Life & Critical Illness Rebalance

   Under life & CI Rebalance, the aim is to achieve the balance between critical illness and death during the survival period of the policyholder. Critical illness cover increases at each policy anniversary, subsequently reducing the life cover. 

2. Life Protect

   Under life protect option, a lump sum is provided on the death of the life assured to their family.

3. Income Plus

   Under the income plus option, the Life Assured is covered for the entire policy term and also receives a lump sum payout on maturity along with regular income starting from age 60.

Benefits Under HDFC Click 2 Protect Life Plan

There are different benefits available under the 3 options mentioned above under this plan. Let us explore each option’s benefits.

1. Benefits Under Life And Critical Illness Rebalance

   1. Sum Assured Benefit

      Basic sum assured is divided between

      • Life cover sum assured
      • Critical illness sum assured

      Critical illness cover increases at each policy anniversary, subsequently reducing the life cover.

   2. Illustrative example:

      With a Basic Sum Assured of 50 lakhs and a policy term of 10 years,

      Policy Year	Life Cover Sum Assured	Critical Illness Sum Assured
      1	40.0 lakh	10.0 lakh
      2	38.5 lakh	11.5 lakh
      3	37.0 lakh	13.0 lakh
      4	35.5 lakh	14.5 lakh
      5	34.0 lakh	16.0 lakh
      6	32.5 lakh	17.5 lakh
      7	31.0 lakh	19.0 lakh
      8	29.5 lakh	20.5 lakh
      9	28.0 lakh	22.0 lakh
      10	26.5 lakh	23.5 lakh

      Once a critical illness claim is made,

      • Life cover sum assured is fixed
      • The same sum assured will continue until the end of the policy term

   3. Death Benefit

      The death benefit is payable as a lump sum to the nominee during the demise of the life assured.

      It is the highest of:

      • Sum Assured on Death
      • 105% of Total Premiums Paid
      • Life Cover SA

      Sum assured on death of single pay is the higher of:

      • 125% of Single Premium
      • Sum Assured on Maturity

   4. Critical Illness Benefit

      The applicable critical illness sum assured during the time of diagnosis of the disease will be payable to the policyholder.

      In addition, all future premiums payable under the plan will be waived off and the life cover will continue.

   5. Maturity Benefit

      • On survival, sum assured on maturity will be payable
      • Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits shall be payable

2. Benefits Under Life Protect

   Under the life protect option, you are covered for death during the policy tenure. In case of unfortunate demise, the nominee receives lump sum benefits.

   1. Death Benefit

      The death benefit is payable if the life assured dies during the policy term.

      It is the higher of:

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

      Sum Assured on Death for Single Pay is the highest of:

      • 125% of Single Premium
      • Sum Assured on Maturity
      • Basic Sum Assured

   2. Maturity Benefit

      • On survival, sum assured on maturity will be payable
      • Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits shall be payable

3. Benefits Under Income Plus

   Under this option, life cover is offered for a selected policy term.

   Monthly income of 0.1% of the Basic Sum Assured shall be paid in arrears, starting from the policy anniversary following the 60th birthday of the policyholder and continues until death or policy maturity, whichever occurs earlier.

   1. Death Benefit

      The death benefit is payable to the nominee as a lump sum at the time of the untimely demise of the policyholder.

      It is the higher of:

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

      less total survival benefits paid out till the date of death

      Sum Assured on Death for Single Pay is the highest of:

      • 125% of Single Premium
      • Sum Assured on Maturity
      • Basic Sum Assured

   2. Survival Benefit

      On the survival during policy term (provided all premiums have been duly paid), an income equal to 0.1% of Basic Sum Assured will be payable to the policyholder at the end of every month, following policy anniversary after attaining age 60 years, until death or end of the policy term, whichever occurs first.

   3. Maturity Benefit

      For Fixed Term: Sum Assured on Maturity shall be payable

      For Whole Life: NIL

Add On Benefits Under Click 2 Protect Life Plan

• Return of premium option
• Waiver off premium on critical illness option
• Accidental death benefit option
• Alteration of premium payment frequency
• Option to reduce premium payment term from regular pay to limited pay

Riders

HDFC Click 2 Protect Life plan offers the following rider options to help you enhance your protection

1. HDFC Life Income Benefit on Accidental Disability Rider

   • 1% of Rider Sum Assured per month for the next 10 years, in case of an Accidental Total Permanent Disability.
   • No maturity benefits are available

2. HDFC Life Critical Illness Plus Rider

   • Lump-sum benefit equal to the Rider Sum Assured shall be payable in case diagnosed with critical illness
   • No maturity benefits are available

3. HDFC Life Protect Plus Rider

   • A benefit as a proportion of the Rider Sum Assured shall be payable in case of
     • Accidental death
     • Partial/Total disability due to accident
     • Diagnosed with cancer
   • No maturity benefits are available

Wrapping It Up

HDFC Click 2 Protect is one of a kind plan that secures your family against life uncertainties along with adjusting to your needs and requirement. This new age, intelligent term plan offers benefits as per your lifestyle and looks after your needs at every stage in life.