HDFC Life Click 2 Protect Supreme

You can tailor your plan according to your requirements and provide financial security to your family's future

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 HDFC term insurance 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 Life 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 women (15% discount on base premium), along with a 10% first-year premium discount for eligible salaried customers under Regular Pay and Limited Pay only.

• 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

Under this option, the Sum Assured payable on death varies by policy year, based on the chosen Level Cover Period and Amortisation Rate. The policyholder can choose the Level Cover Period and an Amortisation Rate between 0% and 20% per annum (both inclusive).

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 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 future premiums, if payable, are waived.

Life Stage Option

This option lets you increase your Sum Assured without fresh underwriting on specific life events, provided you're under 45 years of age at the time and select this option at policy inception (available with Life or Life Plus only):

• 1st Marriage: Increase of 50% of Basic Sum Assured, capped at ₹50 lakh

• Birth of 1st child: Increase of 25% of Basic Sum Assured, capped at ₹25 lakh

• Birth of 2nd child: Increase of 25% of Basic Sum Assured, capped at ₹25 lakh

The option must be exercised within 6 months of the event, and an additional premium applies for the increased cover. Not available if a claim has already been made under the policy.

Smart Exit Benefit

You can exit the policy after policy year 25 (but not during the last 5 policy years) and receive 100% of Total Premiums Paid as a lump sum, at no extra cost. This isn't available if you've selected the Life Goal option or the Return of Premium option.

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.

The accelerated payout amount depends on the Basic Sum Assured chosen:

The remaining death benefit is payable after claim investigation is completed. This accelerated payout is not an admission of claim acceptance — the company reserves the right to reject the claim on full evaluation, and can recover the paid amount if the claim is later rejected.

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

You get 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 management service benefits is ₹63,000.

Women Secure Solution by HDFC Click 2 Protect Supreme

The Women Secure Solution under HDFC Life Click 2 Protect Supreme provides women with financial protection and wellness support. Women are eligible for lower premium rates, including a 15% discount on the base premium. The solution also provides access to health and wellness services through the Life Rewards app, subject to the policy terms and conditions.

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 are the steps to buy 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.

Policy Details of Click 2 Protect Supreme

Grace Period

If you miss a premium due date, you get a grace period of 30 days (for yearly, half-yearly, and quarterly premium modes) and 15 days (for the monthly mode)

In case you are unable to pay premiums during the grace period, your policy will lapse

Paid-Up Value

Your policy becomes paid-up (continues with reduced benefits instead of lapsing) only if:

• You've selected the Return of Premium option, and

• You've paid premiums for at least 1 full year

Free-Look Period

If you disagree with any policy terms after receiving your policy, you can cancel within 30 days of receipt (electronic or physical) by returning the original policy document along with your reasons. You'll receive a refund of premiums paid, minus medical examination costs (if any) and stamp duty charges

Surrender Value

If Return of Premium is selected: You can surrender for the higher of the following:

• Guaranteed Surrender Value (GSV) = GSV Factor % × Total Premiums Paid

• Special Surrender Value (SSV) — the present value of your paid-up future benefits, discounted at the 10-year G-Sec yield + 50 bps (currently 7.75% p.a.)

Revival of lapsed policy

If your policy lapses due to non-payment, you can revive it by paying all due premiums plus interest (currently 9.5% p.a., reviewed half-yearly), provided the revival application is made within 5 years of the first unpaid premium, and before the policy term ends

Policy Loan

No policy loans are available under HDFC Life Click 2 Protect Supreme.

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.

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