A term plan that customizes according to your lifestyle is a dream for any individual. HDFC Life Click 2 Protect 3D Plus Return of Premium is an intelligent term insurance plan that keeps up with the changing times. It offers benefits depending on your changing life needs and truly keeps you protected.Read more
*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
It provides complete security at a reasonable price. The 3D stands for the 3 major uncertainties that an individual should be prepared for namely Disability, Death, and Disease. Any person cannot avoid these 3 barriers of life and should plan for the financial security of them and their loved ones.
The 3Ds are enough to throw anyone’s life off balance and may lead to financial challenges. However, with proper insurance cover and judicious use of benefits, one can make the most of one’s life insurance policy. An attractive feature of the HDFC Life Click 2 Protects 3D Plus Return of Premiumis the facility to waive off the future premiums in case the person insured is not able to take care of them due to an unfortunate disability or any critical or terminal illness, rendering him unable to work. This plan falls in the category of TROP or Term Plan with the return of Premium available.
The policy comes with a list of criteria before one makes up their mind to buy this plan.
The key features offered under the HDFC Life C2P 3D Plus Return of Premium Plan are as follows:
HDFC Life Click 2 Protect 3D Plus Return of Premiumplan provides a wide range of benefits in cases where terminal or critical illness or accidental disability may strike as a challenge. This policy is the only plan under HDFC Life Click 2 Protect 3D Plus plan options that provide a maturity benefit in the form of the return of premiums paid by the policyholder during the policy tenure. He gets entitled to receive this Maturity benefit if he survives the policy term.
Below are listed the various benefits that one can get under this policy:
The Death Benefit under this plan is the Sum Assured on Death along with additional benefits. It is the benefit, which is paid to the policyholder’s nominee if the policyholder dies during the policy term, the policy remaining in force. It can be utilized by the insured’s family to take care of their lifestyle expenses in his absence.
It is calculated as follows for different policies:
Highest of: (125% X Single Premium) OR Guaranteed Sum Assured on Maturity, OR, Absolute Amount Assured on death
Highest of: (10 X Annualized Premium, OR, 105% of Total Premiums Paid, OR Guaranteed Sum Assured on Maturity, OR, Absolute Amount Assured on death
In such an unfortunate event when the policyholder undergoes death or diagnosis of terminal illness as mentioned under the covered illnesses, the Insurer will pay him or his nominee the Sum Assured on Death as Lump sum Benefit. The policy terminates thereafter.
In case the policyholder suffers from total permanent disability due to an accident in the policy tenure and is rendered unable to work, this plan allows for waiver of all future premiums without discontinuing the policy. This comes as a major relief to the dilapidated individual as well as his family.
The plan offers a guaranteed maturity benefit in the form of total premiums paid to the Life Assured if he survives the policy term. With the disbursement of the lump sum payout, the policy terminates.
The premiums under the policy are exempt from tax under Sec 80C and the benefit payouts are tax-free under Sec 10(10D).
“Tax benefit is subject to changes in tax laws.”
Customers who wish to buy theHDFC Life Click 2 Protect 3D Plus Return of Premiumpolicy can easily access it online on the Insurer website. Here is the process for purchase:
Step 1: Fill Personal Details
Customers have to enter their details like name, DOB, age, contact details, city, occupation, income, etc.
Step 2: Customize Plan
HDFC Life Insurance provides many opportunities to its customers to customize their plan. They can choose the options available for Sum Assured, Lump sum Benefit, Annual Income, policy term, and the payment frequency for the premium.
Step 3: Generate Premium Quote
One needs to also fill in details about their health habits like whether one consumes tobacco or not, medical history, etc. Based upon all the details entered, the online calculator for premium calculation will generate a tentative premium quote.
Step 4: Finalize Purchase
If one finds everything according to his plan, one can go ahead, finalize the purchase, and make the premium payment.
All individuals will be required to submit a set of document to buy the HDFC Life Click 2 Protect 3D Plus Return of Premiumpolicy. Here is a list:
Here is a quick rundown of some additional features offered by the Plan:
HDFC Life Insurance provides the free look feature to its customers under the guidelines of the IRDAI. Any customers who purchase a policy, if he is not satisfied with its provisions can send the policy papers back to the Insurer, within 15 days of the policy receipt (30 days for policies acquired through Distance Marketing).
The policy papers have to be accompanied by a letter from the policyholder, stating the reason for cancellation. The Insurer will refund the premium after premium deduction for the period undercover and stamp duty charges.
The insurer provides a chance to the policyholder to revive a lapsed policy if he has not been able to make recent policy premium payments. One can revive one’s lapsed policy within 2 consecutive years of the time the policy lapsed. This is subject to terms and conditions specified by the Insurer. With the payment of all unpaid premiums due, the policy is revived and the policyholder resumes the entitlement of the contractual benefits.
This plan provides its customers with the option to change the premium payment frequency at any Policy anniversary. Customers need to submit a written request for a change of premium payment frequency and what will be the frequency that they want to set for their premium payments.
HDFC Life Click 2 Protect 3D Plus Return of Premiumpolicy provides a surrender value to the policyholder in case he wishes to surrender his policy, subject to conditions.
The HDFC Life Click 2 Protect 3D Plus Return of Premiumplan provides for the following exclusion in case of a suicide by the policyholder:
Higher of ( 80% of the premiums paid till the date of death OR the Policy Surrender Value as on the date of death).
*For a detailed list of exclusions, please refer to the policy document or the product brochure.
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