HDFC Life Click 2 Protect Supreme Plus Plan

Key Features of HDFC Life Click 2 Protect Supreme Plus

Here are the key features of this HDFC Life Term Insurance Plan:

• The plan offers comprehensive financial protection to your loved ones in the event of your untimely demise, during the policy term.

• You can choose the most suitable plan options from the 3 available options.

• Receive all the premiums paid at the maturity of the policy with the Return of Premium option.

• An additional amount will be paid in case of the accidental death of the policyholder during the policy term.

• On the diagnosis of a terminal illness till 80 years of age, the death benefit will be accelerated.

• With the life option, you can choose increasing death benefit up to 200%.

• The life goal option allows you to change your death benefit as per your needs.

• You can opt for waiver of premium on critical illness, total and permanent disability, and on husband’s accidental death.

• Get the options of the family receiving death benefit in installments.

• You can get additional cover for spouse or to cover child’s education under the Education income benefit.

• Receive protection for parents/grandparents till their survival under the parent secure option.

• Death benefits will be paid as a combination of lump sum and regular pay outs under the Parent Protect Care option.

Benefits Offered Under HDFC Click 2 Protect Supreme Plus Plan

Plan Options

• Life Option: The death benefit is paid in case of the untimely death of the policyholder during the policy term, which can be paid early in case of a terminal illness diagnosis.

• Life Plus Option: The death benefit is paid in case of the untimely death of the policyholder, and an early benefit will be paid in case of terminal illness diagnosis. An extra payout will be made in case of the policyholder’s accidental death.

• Life Goal Option: The sum assured that will be paid on death varies every policy year as per the ‘Level Cover Period’ and ‘Amortisation Rate’ selected by the policyholder.

Death Benefits

In Life Option:

The lump sum will be paid as the higher of:

• Sum assured on death x SA factor applicable in the year of death during the policy

• 105% of the Total Premiums Paid

In Life Plus Option:

The lump sum benefit on the death of the policyholder will be paid, as the higher of:

• Sum Assured on Death

• 105% of Total Premiums Paid

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

• 125% of Single Premium

• Sum Assured on Maturity

• Basic Sum Assured

Sum Assured on Death for Other than Single Pay (Limited Pay and Regular Pay) is the highest of:

• 10 times of the Annualized Premium

Sum Assured on Death for Other than Single Pay (Limited Pay and Regular Pay) is the highest of:

• 10 times of the Annualized Premium

• Sum Assured on Maturity

• Basic Sum Assured

In Life Goal Option

The death benefit will be paid as the lump sum. The policyholder can choose the most suitable sum assured on death:

• Level Cover Period: During the early years of the policy term, the cover amount will remain the same as per the following:

1. For level cover period of policies with limited pay should be equal to the premium payment term.

2. For limited and single pay plans with a policy term less Level cover period should be at least equal to 5 years.

• Amortization Rate: The life cover would reduce at this rate, after the end of the level cover period. The policyholder can choose a rate between 0% and 20%.

During Level Cover Period

SA Factor(t) = 100%

Post Level Cover Period - If Amortization Rate is equal to 0% SA Factor(t) = SA Factor(t-1) – (1 ÷ Reduction Term)

Post Level Cover Period - If Amortization Rate is greater than 0% SA Factor(t) = SA Factor(t-1) × (1+ Amortization Rate) – Amortization Rate ÷ (1 – 1 ÷ (1 + Amortization Rate) ^ Reduction Term)

Where,

• t = policy year

• Reduction Term = Policy Term - Level Cover Period

Early Terminal Illness Benefit Payout

A maximum of 2 Crores will be paid as the sum assured on terminal illness diagnosis, as an accelerated benefit payout. In case the terminal illness diagnosis is at age greater than 80 years, the benefit will not be paid early. On the payment of terminal illness benefit:

• If the death benefit and the terminal illness benefit are the same, the policy will terminate on the payment of the terminal illness benefit.

• If the death benefit is more than the terminal illness benefit, the remaining amount will be paid to the nominee on the death of the policyholder.

Maturity Benefit

On survival of the policy term, 100% of the Total Premiums paid will be returned to the policyholder, in case the return of premium option is selected. For this benefit to be paid:

• Life Goal Option should not have been selected

• All policy terms should be between 10 and 40 years for Single, Regular and 5 Pay.

• All policy terms should bebetween 15 and 40 years for 6, 7, 8, 10 and 12 Pay.

• Policy Term should be between 20 and 40 years for Premium Paying Term – 15 years.

• Policy Term should be between 25 and 40 years for Premium Paying Term – 20 years.

• Policy Term should be between 30 and 40 years for Premium Paying Term – 25 years.

Accidental Death Benefit

The accidental death benefit will be paid on top of the base sum assured on death, in case of the policyholder’s accidental death. For the benefit to be paid, the policyholder should have suffered accidental death during the policy term, and within 180 days of the accident.

Waiver of Premium on CI (WOP CI)

Under this option, all the future premiums remaining will be waived off if the policyholder is diagnosed with any of the covered critical illnesses. The base cover, accidental death cover (if selected), and terminal illness cover (if any) will continue.

Waiver of Premium on TPD (WOP Disability)

Under this option, all the future premiums remaining will be waived off if the policyholder suffers total and permanent disability during the policy term. The base cover, accidental death cover (if selected), and terminal illness cover (if any) will continue.

Waiver of Premium on Husband’s Accidental Death

On the death of the husband, the death benefit payable will be the higher of:

• 7 times annualised premium

• 105% of total premiums paid

On the accidental death of the husband:

• All the future premiums will be waived in addition to the base death benefit

Spouse Cover

On the death of the policyholder with this additional option in place:

• The spouse will get a death benefit equal to the selected %age of the life assured’s base sum assured, for the remaining policy term, with a maximum cap on cover of 50%.

• Any remaining premiums under the plan will be waived off.

Riders Available With HDFC Life Click 2 Protect Supreme Plus

HDFC Life Income Benefit Rider

In case of Accidental Total Permanent Disability, a monthly benefit of 1% of Rider Sum Assured will be paid for the next 10 years.

HDFC Life Health Plus Rider

Lump sum equal to Rider Sum Assured on diagnosis of any of the 60 covered Critical Illnesses.

For Early Stage or Major Cancer, a proportionate benefit of the Rider Sum Assured is paid depending on the chosen option.

HDFC Life LiveWell Rider

Depending on the term insruance plan option, you can receive:

• Lump sum equal to Rider Sum Assured on death, terminal illness, accidental death, or hospitalization.

• Proportionate benefit on disability due to accident or undergoing listed surgery.

• Waiver of future premiums on the base policy in case of death or terminal illness of the life assured.

Eligibility Conditions To Buy HDFC Click 2 Protect Supreme Plus

Additional Policy Details of HDFC Click 2 Protect Supreme Plus

Death Benefit as Installment Option

The full or a part of the death benefit will be paid in installment as per the following option:

• The option can be selected at policy purchase or death benefit payout.

• Can be used to receive a full or a part of the payout as installments.

• The installment payout period can be selected as 5 to 15 years.

Alter Premium Payment Frequency

The policyholder can choose to alter the premium payment frequency during the premium payment term.

Change Premium Pay Term from Regular to Limited

The policyholder can choose to convert the remaining premiums into any limited premium period available.

Renewability at Maturity

At the maturity of the policy, the policyholder will get the option to extend the term, and the additional premiums will be based on the following:

• Age at the time of maturity

• Selected increase in policy term

• The premium rates applicable for renewability shall be guaranteed at policy inception. However, the availability of this option is subject to BAUP. Any other factor based on which premium gets determined shall be same as that applicable at policy inception.

The option will be available only for:

• Regular pay policies

• Return of premiums, WOP on Critical illness, WOP on Total Permanent Disability, and Spouse cover are not selected

• Life option is selected

Parent Secure

The Parent Secure Option lets your parents or grandparents receive the claim amount as regular income instead of a one-time payout. When selected at policy start, the death benefit is paid as fixed monthly or yearly instalments to up to two nominees.

Both nominees, if chosen, get equal payouts that continue as long as at least one is alive. The payment frequency is decided at the beginning and cannot be changed later. This option is available only for parents or grandparents aged 50 years and above and must be chosen at policy inception.

There is no extra premium for this benefit. It is a simple way to ensure your parents have steady financial support rather than managing a large lump sum at once.

Parent Protect Care

The Parent Protect Care option combines a one-time payout with regular income for your parents or grandparents. When selected at policy start, a part of the death benefit is paid immediately as a lump sum, and the remaining amount is given as fixed monthly or yearly payouts.

You choose the split between lump sum and regular income at inception, with at least 20% of the benefit paid as instalments. The regular payouts continue as long as at least one nominee is alive. If two nominees are selected, the surviving nominee continues to receive the income.

The payment frequency is chosen at the beginning and cannot be changed later. The payout amount depends on the nominee’s age, the death benefit, and the number of nominees selected.

This option is available only for parents or grandparents aged 50 years and above and must be chosen at policy inception. It is a practical way to give your parents immediate financial help along with steady support over time.

Education Income Benefit

The Education Income Benefit option ensures your child continues to receive financial support for education if something happens to you. When this option is chosen, a regular annual payout is made to one beneficiary child after the death of the Life Assured.

The total payout is 10% of the Sum Assured, capped at ₹10 lakh, and is paid in equal yearly instalments. These payments start from the policy anniversary after the claim and continue until the policy term ends or the child turns 25, whichever comes first.

If the child turns 18 during the payout period, they can also choose to get the rest of the money as a single payment. You can only get this benefit for one child, and you have to pay an extra premium for it. Once you choose it, you can't remove it later, so it's a reliable way to protect your child's educational goals.

Immediate Payout on Claim Intimation

In case of the death of the policyholder, after the completion of the first policy year, the payout as per the following will be made to the nominee:

• 2 lacs for sum assured between 1 and less than 2 crores

• 5 lacs for sum assured above 2 crores

Premium Break Benefit

The Premium Break Benefit gives you breathing room during temporary financial stress without losing your life cover. If your policy has completed at least five years and all premiums are paid, you can request a break from paying premiums for up to 12 months.

During this break period, your policy stays active and your risk cover continues as usual. Any premiums due during this time are simply deferred, not waived. If a claim arises, the insurer pays the benefit after adjusting the deferred amount.

To use this option, you need to apply in advance before your next premium due date. You can use the Premium Break Benefit more than once, but there must be a gap between two break periods as per policy rules. Once the break ends, the deferred premiums must be paid to keep the policy running smoothly.

It is an in-built benefit with no extra cost, designed to help you stay protected even when cash flows are temporarily tight.

Premium Break Benefit on Pregnancy or Death of Spouse

Certain life moments need emotional and financial space. The Premium Break Benefit for Pregnancy or Death of Spouse allows women policyholders to pause premium payments during sensitive phases, without losing their life cover.

If your policy has completed 2 years and all premiums are paid, you can request a premium break for up to 12 months during pregnancy or after the unfortunate loss of a spouse. During this period, your policy continues as usual. The premiums are only deferred, not cancelled, and can be paid later.

This makes sure your protection stays active when managing finances becomes difficult.

How this Benefit Helps you:

• Pause premium payments for up to 12 months during pregnancy or after a spouse’s death.

• Your life cover remains active throughout the break period.

• Deferred premiums are adjusted later, even if a claim happens during the break.

• No extra cost is charged to use this benefit.

• You can use this option more than once, with a minimum gap of 2 policy years between breaks.

When you can use it:

• During pregnancy or within 6 months after delivery.

• Within 6 months from the date of spouse’s death.

• Only available for female lives.

• You must apply before your next premium due date.

Once the break period ends, the remaining amount needs to be paid along with future premiums to continue the policy smoothly.

Non-Payment of Premiums

A Grace Period is the additional time allowed after the premium due date during which your policy remains active and the risk cover continues.

Under this plan, the grace period is:

• 30 days for yearly, half-yearly, and quarterly premium payment modes from the due date.

• 15 days for monthly premium payment mode from the due date.

If a valid claim arises during the grace period before the premium is paid, the claim will still be honoured. In such cases, the unpaid premium for the policy year will be deducted from the benefit payable under the policy.

Paid-Up Value

A policy will acquire a paid-up value only under the following conditions:

• The Return of Premium option is selected with Limited Pay or Regular Pay, and

• Premiums have been paid for at least one full year and after completion of the first policy year.

In all other situations, if premiums are discontinued, the policy will lapse without acquiring any paid-up value.

Once a policy has acquired paid-up value and the policyholder stops paying premiums, the benefits are calculated as follows:

Smart Exit Benefit

The Smart Exit Benefit allows the policyholder to exit the policy and receive an amount equal to the Total Premiums Paid. No extra premium is required to use this option.

You can exercise this benefit by cancelling the policy if:

• The policy year is greater than 25, and it is not within the last 5 policy years.

• The policy is active at the time of exit.

• The Life Goal or Return of Premium option has not been selected.

If the premium payment term was changed, Total Premiums Paid will include only premiums paid after conversion to Limited Pay.

Revival

If you miss a premium and your policy lapses, you can usually get it back by paying all the overdue premiums, plus any fees and interest that apply, as long as the insurance company agrees. Requests for revival must be made within five years of the first missed premium and before the policy ends. The insurance company may ask for new documents or health information to make sure you still qualify. All policy benefits are fully restored once they are revived.

Health Management and Well-Being Services

As the Life Assured, you can use a lot of Health Management and Well-Being Services to help you stay healthy and recover from illness. You can use these built-in services as long as your policy is active, and you can do so easily through the Life Rewards app.

These services are optional and may be used by the Life Assured or nominee, wherever applicable. The Life Assured must decide:

• whether to use the services, and

• whether to follow the treatment or guidance provided by the service partner.

If the Policyholder and Life Assured are different, the services will be available only to the Life Assured. All services are provided at no additional cost to the policyholder.

Service Availability and Access

The Health Management and Well-Being Services are delivered directly by third-party service providers, without the Company’s participation. The Company does not take responsibility for any liability arising from these services and may change the services or the service providers at any time.

To access the services:

• The policy must be active and fully paid.

• The 30-day free look period must be completed.

• Services are available for a fixed period defined by the Company or for the policy term, whichever is lower.

Eligibility and Updates

Eligibility is decided as per the Company’s prevailing underwriting policy and may be reviewed periodically. Any changes, withdrawal, or modification of the services will be communicated to policyholders as and when applicable.

Use of Services and Fraud Prevention

The wellness benefits must be used with honesty and good intent. You must not encourage, participate in, or be involved in any fraudulent activity related to the use of these services for personal or commercial gain.

This includes:

• Misrepresentation or concealment of facts.

• Providing incorrect or misleading information.

• Using the platform for commercial, public, or revenue-generating purposes.

If any fraudulent activity is identified, the service provider may take legal action, permanently suspend access to the services, and decline any pending claims. Any confirmed fraud will result in the immediate discontinuation of Health Management and Well-Being Services.

Exclusions

In case of the death of the policyholder during the first policy year, 80% of the premiums paid or surrender value, whichever is higher, are returned to the nominee.