The HDFC Life Click to Protect life

HDFC Life Click 2 Protect Life?

A Non-Linked, Non Participating, Individua
l, Pure Risk Premium / Savings LIfe Insurance Plan

• You have the assurance of a 99.50% Claim Settlement Ratio¹

• Get additional Sum Assured on Accidental Death (through ADB option)²

• Get back all Premium(s) paid on survival till maturity with Return of Premium option³

• Avail Waiver of Premium on diagnosis of Critical illness(through WOP CI option)²

• Tax benefits as per prevailing tax laws⁴

• Special premium rates for female lives and non-tobacco 

The plan options available for this product?

There are 3 plan options available with this product namely:

• Life Protect Option: This option gives basic protection for your family and provides Lump Sum amount (Life cover) in case of death during policy term. The Life cover remains constant throughout the policy term.

• Life & CI Rebalance Option: A smart cover which aims to achieve a balance between Death and Critical Illness benefit as you go along in your life. Critical Illness cover increases at each Policy Anniversary with corresponding reduction in Life Cover. In addition, all future Premium(s) are waived off on detection of any of the covered Critical Illnesses and the life cover continues.

• Income Plus Option:  Under this plan option, the Life Assured is covered for the entire Policy Term and also receives a lump sum payout on maturity along with regular income starting from age 60.

The premium paying frequencies available for this plan?

Single, annual, half-yearly, quarterly and monthly frequencies are available under this product.

Maturity benefit for this plan?

Yes, Under Income Plus Option, you will receive a return of 100% of the Total Premium(s)¹ paid as Lumpsum, upon survival till maturity. It is in-built feature in this option.

For other plan options (Life & CI Rebalance, Life Protect), you have to pay an additional premium over and above the premium payable for the base plan option chosen in order to receive a return of 100% of the Total Premiums paid as Lumpsum, upon survival till maturity (Available under Return of Premium add on option).

This Maturity benefit will be available for:

All policy terms between 10 and 40 years for Single, Regular and 5 Pay.
All policy terms between 15 and 40 years for 8, 10 and 12 Pay

1. Total Premiums Paid are the total of all the premiums received, excluding any extra premium, any Rider premium and taxes. In case ROP option has been selected, Total Premiums Paid includes premium paid for base plan option and the additional premium paid for ROP option.

Death benefit available under Life Protect Option?

Yes, “Death Benefit” is payable as a Lump Sum to your Nominee if you die during the policy term. It is the higher of:

• Sum Assured on Death

• 105% of Total Premium(s) Paid¹
  
  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 Maturity

• Basic Sum Assured
  
  - Limited pay means Premium Paying Term is less than policy term
  
  - Regular Pay means premium paying term is equal to policy term
  
  ¹Total Premiums paid are the total of all the premiums received, excluding any extra premium, any Rider premium and taxes. In case ROP option has been selected, Total Premiums Paid includes premium paid for base plan option and the additional premium paid for ROP option.

These two images show example for a 35 year old a policy of 50lacs with policy term of 40 years.

For further details contact me @ 9937075727 or email us at: contact.arvee@gmail.com