HDFC Life Click 2 Protect Super plan is a comprehensive term insurance plan that provides a number of benefits with your changing lifestyle and life stage requirements, thus helping you and your loved ones stay secure. Let’s discuss the plan in detail, understand its features and benefits and know how to buy it from Policybazaar.Read more
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The key features of HDFC Life Click 2 Protect Super Plan are as follows:
This plan provides comprehensive financial security to your family
Option to select a cover that fits into your needs from 3 options of the plan:
Receive all your premium amount paid back on survival till the maturity along with the Return of Premium (ROP) option
An extra amount is paid in case of accidental death during the policy tenure (available under the Life Plus option)
Offers accelerated death benefit in case of diagnosis of mentioned terminal illnesses or ailments till 80 years of age (available under Life and Life plus option)
Option to select an increasing death benefit option up to 200 percent in life option
Option to change your death benefit as per your needs under the option of Life Goal
Waiver of premium option is available on the diagnosis of Critical illness using the WOP option
Waiver of premium is available on total and permanent disability using WOP Disability option
Option to select additional coverage for spouse (available under Life and Life plus option)
Option to get death benefit in installments
The eligibility criteria for buying HDFC Click 2 Protect Super Plan is mentioned below:
|Plan Parameters||Life||Life Plus||Life Goal|
|Entry Age (Minimum)||18 years|
|Entry Age (Maximum)||84 years||65 years|
|Maturity Age (Minimum)||18 years||23 years|
|Maturity Age||85 years|
|Policy Term (Minimum)||Single Pay: 1 month
Regular Pay: 2 years
Limited Pay: 3 years
|Single Pay: 5 years
Limited Pay: 7 years
|Policy Term (Maximum)||85 years – Entry Age|
|Sum Assured (Minimum)||Rs. 50 Lacs|
|Sum Assured (Maximum)||Rs. 20 Crores|
|Premium Payment Frequency||Yearly/Half-yearly/Quarterly/Monthly|
Below options are available under this plan in which the premium amount will change depending on the options selected:
Life: In this, the policyholder is mainly covered for the death payout during the plan tenure. This can be increased in the case of terminal illness diagnosis.
Life Plus: In this, the policyholder is covered for death payout. This can be increased in the case of terminal illness diagnosis. An extra amount will be paid during accidental death during the policy tenure.
Life Goal: In this, the life cover paid on death would change with the year of the policy
Below mentioned are the plan options of HDFC Click 2 Protect Super Plan:
The life assured is covered for the death benefit during the policy tenure that can be increased in case of the diagnosis of a terminal illness. This plan can easily be purchased on a single-life basis or can be opted for as a spousal cover.
Let’s understand how this option works:
Mr. Rao is a 32-year-old individual who purchases the ‘Life Option’ of HDFC Click 2 Protect Super for 40 years of policy tenure (regular pay) and opts for a level cover of 1 Crore by paying a premium of Rs. 20,033 yearly (excluding all the taxes). If Mr. Rao passes away in the 7th year of the policy, then his nominee will get a lump sum benefit of 1 Crore.
Death Benefit is paid as a lump sum amount if the policyholder dies during the policy tenure. The death benefit is the highest of the:
Sum Assured on Death X Sum Assured factor applicable in the birth policy year
105% of the total premium paid
SA on maturity will be paid upon survival till the maturity, which is equivalent to 100% of the total premium amount paid (if the ROP option is selected).
Terminal Illness Benefit
SA on death up to a maximum of Rs. 2 Crore will be enhanced in case of terminal illness diagnosis during the policy tenure. In case of a terminal illness diagnosis at more than 80 years of age, the death benefit will not be enhanced.
In this, the life assured is covered for a death benefit that can be enhanced in case of terminal illness diagnosis. An extra amount will be paid in case of accidental death during the policy tenure.
The death benefit is paid as a lump sum if the policyholder dies during the plan tenure. The death benefit is the highest of the:
SA on death
105% of the total premium amount paid
Accidental Death Benefit
An amount equivalent to SA on death will be paid in case of accidental death. And, the accidental benefit shall be payable, if the death occurs because of an accident during the policy term and the death occurs after the policy tenure but within 180 days from the accident date.
Terminal Illness Benefit
The death benefit will be enhanced on the diagnosis of stated terminal illnesses. As discussed, in case of terminal illness diagnosis at more than 80 years, the death payout will not be enhanced.
SA on maturity will be paid upon survival until maturity which is equal to 100% of the total amount of premium paid if ROP is chosen.
The death benefit is paid as a lump sum if the policyholder dies during the policy tenure. The death payout is equivalent to the SA on death that is calculated as:
Basic SA X SA Factor applicable in the death policy year
The HDFC Click 2 Protect Super is a term insurance plan that provides flexible options to the customers. Let’s understand the benefits of this plan below:
If this option is chosen, the nominee will get the complete or section of the death benefit in installments. Below are the conditions for choosing this option:
This can only be availed at the starting of policy or by the nominee during the claim process
This can be availed for completed or section of death claim benefits payable under the plan
The death benefit in form of installment can be received over a selected time of 5 to 15 years.
The life assured has the option to change the frequency of premium payment during the premium payment tenure.
The plan provides coverage against 19 critical illnesses which are mentioned in the policy documents.
The policyholder has the option to increase the term of their plan at maturity. This option can opt for a maximum of 5 times.
In this, the policyholder can select to change the outstanding regular pay (RP) to any of the limited premium time available in the plan.
If this option is selected, the life assured will have to pay an extra premium over & above paid for the base term plan, and then he/she will get a return of 100 percent of the full paid premium as a lump sum on the survival till maturity.
All future premiums will be waived off in this option if the policyholder is diagnosed with a critical illness. However, this option can’t be chosen in the single pay premium payment term.
This option is chosen at the inception of the policy. The life assured may choose to extend the life cover without underwriting on below mentioned cases in the policyholder’s life:
first marriage: 50 percent of SA subject to a maximum amount of 50 lacs
first child’s birth: 25 percent of SA subject to a maximum amount of 25 lacs
second child’s birth: 25 percent of SA subject to a maximum amount of 25 Lacs
The life assured has the option to get the benefit of smart exit i.e., equivalent to the total amount of premium paid under the plan. No extra premium is paid to opt for this option. This benefit can be exercised by canceling the plan, subjected to the below conditions:
This benefit can be availed in any year of policy for more than 30 years, but not during the last five years of the policy
This benefit shall not be available in a case where life goal and ROP option has been chosen
This benefit is only applicable on the base cover premium, not to the premiums for extra optional benefits
If this option is chosen upon the policyholder’s death:
The spouse will receive a death benefit equivalent to a selected percentage of the policyholder’s basic SA for the outstanding policy term.
Any future premium that is paid under the agreement shall be waived.
Below mentioned are the riders of the HDFC Life Click 2 Protect Super plan:
In case of an accidental total and permanent disability, the Benefit is equivalent to 1 percent of Rider SA per month for the next ten years. No benefits on maturity are available under this policy.
This benefit is available for Life, Life Plus, and Life Goal.
A lump sum benefit payment equivalent to the Rider SA per month shall be payable in case you’re diagnosed with mentioned 19 types of critical illnesses and survive for a time of 30 days after the diagnosis. No benefits on Maturity are available under this.
This benefit is available for Life, Life Plus, and Life Goal.
The rider life cover shall be payable in case of accidental death or total/partial disability because of an accident or if you’re diagnosed with cancer as per the option selected under this rider benefit. No maturity benefit is paid under this rider.
Below mentioned are the policy details of the HDFC Life Click 2 Protect Super plan:
Free Look Period: If the policyholder is not satisfied with any T&Cs of this product, the life assured shall have the option of returning the plan to the company, stating the reasons for cancellation within 15 days from the receipt date of the policy. If the policyholder has bought the plan through the distance marketing mode, this free look time will be 30 days.
Policy Loan: No policy loan is available under this product
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. This plan has a grace time of 30 days for quarterly, half-yearly, and yearly frequencies from the due date of the premium.
Revival: You can easily revive your paid-up/lapsed plan within the revival period, subject to the T&Cs. The revival time shall be 5 years and it may get changed from time to time.
Suicide: If the policyholder has committed suicide within 12 months from the commencement risk date or revival date of the plan, the beneficiary/nominee of the policyholder shall be eligible for at least 80% of the full paid premium till the death date or the surrender amount available as on the death date, whichever is higher.
You can buy the HDFC Life Click 2 Protect Super Plan from Policybazaar in a couple of easy steps, as mentioned below:
Step 1: Go to the Policybazaar Life Insurance page
Step 2: Fill in all the required details, such as Name, Contact Number and DoB
Step 3: Then, submit the rest of the necessary details, such as your smoking habits, yearly income, occupation type, educational qualification and then, click on ‘View Plans’.
Step 4: Choose the HDFC Life Plan from the list of available insurer options.
Step 5: Submit further details, like your full name, your email, yearly income, occupation, and educational qualification
Step 6: Submit your pincode, your city and nationality.
Step7: Select your preferred plan option and then proceed with the payment.
Step 8: With your preferred payment option, pay the generated premium and complete the purchase process.
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