HDFC Life Click 2 Protect Supreme

HDFC Life Click 2 Protect Supreme Plan Overview

HDFC Life Click 2 Protect Supreme is a term insurance plan provided by HDFC Life Insurance. The plan offers extensive financial security to your family in the event of your untimely death. The plan has various options to choose from, namely Life, Life Plus, and Life Goal, so that you can select a plan that suits you best with benefits such as accidental death benefit, critical illness waiver, and terminal illness benefit.

What Are The Key Features of HDFC Life Click 2 Protect Supreme?

You can choose the best plan option from the three that are available:

• Flexibility to choose the suitable plan option from the 3 available options: 

  • Life: Provides a death benefit during the policy term, which can be accelerated in case of a terminal illness diagnosis.

  • Life Plus: Offers a death benefit with terminal illness cover, plus an additional payout in case of accidental death during the policy term.

  • Life Goal: The death benefit varies with the policy year based on the chosen 'Level Cover Period' and 'Amortisation Rate'.

• This HDFC Term Insurance plan returns all premiums paid on survival till maturity through the Return of Premium option.

• It offers an additional payout in case of accidental death during the policy term.

• The plan offers accelerated death benefit on diagnosis of specified terminal illnesses, available till the age of 80 years.

• You can opt for an increasing death benefit of up to 200%.

• The Life Goal option allows you to adjust the death benefit according to your requirements.

• The plan waives future premiums if you are diagnosed with a covered critical illness or suffer a total and permanent disability.

• It offers the option to add extra coverage for your spouse through the Spouse Cover option.

• Lower premium rates for females and discounts for a healthy lifestyle

• You can financially protect your parents or grandparents till their survival with the Parent Secure option.

• The Parent Protect Care option allows your parents or grandparents to receive the death benefit as a lump sum followed by regular payouts.

What Are The HDFC Life Click 2 Protect Supreme Plan Options?

• Life Option
  The policyholder is covered for death during the policy term, and the death benefit can be accelerated upon diagnosis of a specified terminal illness.

• Life Plus Option
  In addition to everything in the Life Option, this provides an extra death benefit in case of accidental death during the policy term.

• Life Goal or Credit Protect Option
  It includes all the benefits from the Life Plus Option. It lets the sum assured vary based on a chosen Level Cover Period and Amortisation Rate, so your death benefit adjusts according to the policy year.

Does HDFC C2P Supreme Life Goal Help With Home Loan Protection?

The HDFC Life Click 2 Protect Supreme Life Goal Option (a decreasing cover variant) is specifically designed to match your life insurance coverage with a long-term financial goal or liability that decreases over time, such as a home loan or other major debt. This home loan insurance plan option ensures you only pay for the high level of coverage you need in the initial years, thus potentially making your premium more affordable over the life of the policy compared to a level cover.

Under this life goal or home loan insurance option, the Sum Assured (SA) payable upon death is structured to reduce annually based on a pre-selected period and rate.

How Does the Life Goal Option Work?

The structure consists of two key phases, which you customize at the policy's inception:

• Level Cover Period: This is the initial number of policy years during which your Sum Assured remains 100% level (i.e., it does not decrease).

• Amortisation Rate: This is the annual rate (percentage) at which your life cover will reduce after the Level Cover Period ends. You can choose any rate between 0% and 20% p.a. (both inclusive).

The policy will start with a Sum Assured Factor of 100% in the first policy year, and at the end of every policy year, it will be calculated as follows: 

• 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

You can use the home loan insurance calculator to see the premiums applicable for the home loan insurance plan.

What are the Eligibility Criteria of HDFC Life Click 2 Protect Supreme?

What Are The Benefits of HDFC Life Click 2 Protect Supreme?

Death Benefit

A lump sum is payable if the life assured dies during the policy term. 

• For the Life option, it is the higher of Sum Assured on Death multiplied by the SA Factor for that policy year or 105 per cent of Total Premiums Paid.

• For Life Plus, it is the higher of Sum Assured on Death or 105 per cent of Total Premiums Paid. 

• For single pay, the sum assured on death is the highest at 125 percent of the single premium, sum assured on maturity, or basic sum assured. 

• For Limited and Regular Pay, it is the highest of 10 times Annualized Premium, Sum Assured on Maturity or Basic Sum Assured.

Terminal Illness Benefit

The death benefit is accelerated to a maximum of Rs 2 crore upon diagnosis of specified terminal illnesses during the policy term. If diagnosed after age 80, the death benefit is not accelerated. After acceleration, the policy terminates if the amounts are equal or continues for the balance of the death benefit as applicable.

Accidental Death Benefit under Life Plus

In the Life Plus option, an additional amount equal to the Sum Assured on Death is payable if death occurs due to an accident. If the accident happens during the policy term and death occurs after the term but within 180 days from the date of accident, the benefit is still payable.

Waiver of Premium on Critical Illness / Disability (Optional add-ons)

• WOP on Critical Illness: Future premiums are waived on diagnosis of a covered critical illness while life cover continues.

• WOP on Total and Permanent Disability: Future premiums are waived on the occurrence of total and permanent disability.

Spouse Cover Option

This option provides life cover for the spouse after the life assured's death, up to 50% of the Basic Sum Assured, for the remaining policy term. All the future premiums, if payable, are waived off.

Comprehensive Women Coverage:

HDFC Life Click 2 Protect Supreme offers the Women Secure Solution, providing women with a blend of financial protection, preventive health checkups, cancer screening, and wellness benefits under a single plan.

Options to Financially Protect Parents or Grandparents

• Parent Secure: Under this option, the death benefit is paid as regular payouts to one or two nominees (parent or grandparent) until at least one is alive. This benefit is available at no additional premium.

• Parent Protect Care: This option provides the death benefit in two parts: an immediate lump sum and regular payouts(a fixed percentage of the remaining amount) to the nominated parent or grandparent. This benefit is also available without any additional premium.

Immediate Payout on Claim Intimation

After one policy year, an advance death benefit is paid within 1 working day of claim registration as interim support, with the balance settled after claim investigation.

Premium Break Benefit

After paying premiums for at least 5 years, you can skip payments for up to 12 months while coverage continues. Deferred premiums are adjusted against claims or repaid later.

Health Management & Wellbeing Services

Access to preventive, diagnostic, treatment, and recovery support via the Life Rewards app at no additional cost, subject to service availability and policy being in force. The value of these health benefits is ₹63,000.

Women Secure Solution by HDFC Click 2 Protect Supreme

HDFC Life Click 2 Protect Supreme provides a special Women Secure Solution to offer women comprehensive security and health support. The solution provides life security along with preventive and health benefits especially for women.

• Free Cancer Screening: Early detection with complimentary cancer check-ups to provide timely intervention.

• Preventive Health Checkups: Periodic health check-ups to track overall health and minimize health risks.

• Pregnancy Health Benefits: Coverage includes support for pregnancy-related health services under the wellness program.

• Enhanced Cancer Cover & Health Benefits: Special coverage for cancer, along with health and wellness support for women.

• Premium Discounts: Women get reduced premium rates and an additional 15% discount on the basic premiums for making healthy lifestyle choices, making it more affordable.

Riders Available under HDFC Life Click 2 Protect Supreme

You can enhance your coverage under HDFC Life Click 2 Protect Supreme by adding any of the following riders:

• HDFC Life Income Benefit on Accidental Disability Rider:
  Provides a monthly income benefit equal to 1% of the Rider Sum Assured for 10 years in case of Accidental Total Permanent Disability.

• HDFC Life Protect Plus Rider:
  Offers a lump sum or proportionate payout in case of accidental death, disability, or diagnosis of cancer, depending on the chosen option.

• HDFC Life Health Plus Rider:
  Pays a lump sum on diagnosis of any of the 60 covered Critical Illnesses or a proportionate amount for Early Stage or Major Cancer.

• HDFC Life LiveWell Rider:
  Provides lump sum benefits for death, terminal illness, accidental death, hospitalisation, disability, or listed surgeries, and may also waive future premiums in specific cases, depending on the chosen option.

How To Buy HDFC Term Insurance Plan From Policybazaar?

Below mentioned are the ways to buys the HDFC Term plan from Policybazaar:

• Step 1: Go to Policybazaar's Term Insurance page

• Step 2: Enter basic details like Name, DOB, and Phone no. and click on ‘view plans' button

• Step 3: Submit details about your occupation type, annual income, educational qualifications, and smoking habits

• Step 4: Choose the HDFC Term Life plan from the list of options that you receive

• Step 5: Enter details, like name, email ID, occupation, yearly income, educational qualification, city, pincode and nationality. 

• Step 6: Proceed to pay via net banking, debit or credit card and complete the payment process to buy the plan.

What Are The Exclusions of HDFC Click 2 Protect Supreme?

If the life assured dies due to suicide within 12 months from the date of commencement of risk under the policy, or from the date of policy revival (as applicable), the nominee or beneficiary will be entitled to receive at least 80% of the total premiums paid up to the date of death, or the surrender value available on that date, whichever is higher. This is applicable only if the policy is in force at the time of death.