HDFC Life Click 2 Protect Super Plan

Key Features of HDFC Life Click 2 Protect Super Plan

• 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 (Life, Life Plus, and Life Goal)

• Receive all your premium amount paid back on survival till the maturity along with the 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

Eligibility Criteria of HDFC Click 2 Protect Super Plan

Plan Options in HDFC Click 2 Protect Super Plan

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

Benefits of HDFC Click 2 Protect Super Plan

1. Option 1: Life Option

   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:

   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

   What is Sum Assured Factor in HDFC Click 2 Protect Super? Let’s Understand:

   Sum Assured Factor will depend on the option selected by Life Assured:

   Option	SA Factor
   A	Equivalent to 100% all over the policy tenure
   B	Equivalent to 100% during the 1st five years of policy and then a basic 10% of increase after 5 policy years, i.e., subject to 200% of the cap. Plan Year SA Factor Policy Year SA Factor 1-5 100% 31-35 160% 6-10 110% 36-40 170% 11-15 120% 41-45 180% 16-20 130% 46-50 190% 21-25 140% 51+ 200% 26-30 150%
   C	Equivalent to 100% in the 1st year of policy and then a basic 5% increase in every subsequent year, subsequent to a cap of 20%. Policy Year SA Factor Policy Year SA Factor Policy year SA Factor 1 100% 8 135% 15 170% 2 105% 9 140% 16 175% 3 110% 10 145% 17 180% 4 115% 11 150% 18 185% 5 120% 12 155% 19 190% 6 125% 13 160% 20 195% 7 130% 14 165% 21+ 200%

   SA on death for Single pay is the highest of:

   • 125% of single premium

   • Sum Assured amount on the maturity

   • Basic Sum Assured

   SA on death for other options except Single Pay is the highest of:

   • 10X of Annual Premium

   • Sum Assured on maturity

   • Basic sum assured

   Maturity Benefit

   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.

2. Option 2: Life Plus Option

   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.

   Death Benefit

   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.

   Maturity Benefit

   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.

3. Option 3: Life Goal Option

   Death Benefit

   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

   Maturity Benefit

   Not Available

Additional Benefit of HDFC Click 2 Protect Super

1. Death Benefit in the form of Installments

   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.

2. Option to change premium frequency

   The life assured has the option to change the frequency of premium payment during the premium payment tenure.

3. Cover against 19 Critical Illnesses

   The plan provides coverage against 19 critical illnesses which are mentioned in the policy documents.

4. Option of Renewability at Maturity

   The policyholder has the option to increase the term of their plan at maturity. This option can opt for a maximum of 5 times.

5. Option to alter PPT from regular pay to limited pay

   In this, the policyholder can select to change the outstanding regular pay (RP) to any of the limited premium time available in the plan.

6. Return of Premium Option

   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.

7. Life Stage Option

   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

8. Smart Exit Benefit

   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

9. Additional Cover for Spouse

   If this option is chosen upon the policyholder’s death:

   • The spouse will receive a death benefit equivalent to a selected % of the policyholder’s basic SA for the outstanding policy term.

   • Any future premium that is paid under the agreement shall be waived.

Riders of HDFC Life Click 2 Protect Super

1. HDFC Life Income Benefit on Accidental Disability Rider:

   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.

2. HDFC Life Critical Illness (CI) Rider:

   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.

3. HDFC Life Protect Plus Rider:

   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.

4. Waiver of Premium on Critical Illness (WOP CI) Option

   In this, all future premium amounts payable under this policy will be waived, if the policyholder is diagnosed with any of the mentioned critical illnesses and the term cover, accidental death covers and terminal illness cover continues. This option is selected at the start of the policy. In order to buy this option, an additional premium shall be payable. Once gets selected, the life assured does not have the option to opt out of this option.

Policy Details

• 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.

Exclusions

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.