HDFC Life Click2protect Plus Plan

• Comprehensive cover at affordable premium
• Financial protection for your family
• Multiple choice of cover options
• Cover available till age 75 years
• Regular, Limited & single premium payment options
• Hassle-free & quick policy issuance
• Rewards you for a healthy lifestyle
• Low premium rates for non-smokers

Death Benefit

Following are the death benefit options available under this plan.

1. Death Benefit –OPTION 1 – Life Option:

In the event of death of the life Insured the death benefit mentioned below is paid as a lump sum on death,

For Single Pay Premium Policy: Higher of :

• 125% of Single Premium
• Sum Assured

For Regular /Limited Pay Premium Policy: Higher of :

• 10 times the annualized premium
• 105% of all the premiums paid as on date of death
• Sum Assured

Life Stage Protection: To possess adequate cover as your financial situation changes as you go on to accomplish different milestones in your life like upon your marriage, birth of a child. With Life Stage Protection benefit the policyholder can increase your Sum Assured (by paying revised extra premium) or reduce the additional cover later during the policy term (which will result in a proportional decrease in future premiums).

2. Death Benefit –OPTION 2 – Extra Life Option:

• In the event of NATURAL death of the life Insured the death benefit is paid as lump sum on death.
• In the event of ACCIDENTAL death of the life Insured the death benefit will be lumpsum SA on death plus extra SA as Accidental Death Benefit.

3. Death Benefit –OPTION 3 – Income Option:

In the event of death of the life Insured the death benefit Under Income Option is:

• 10% of the Death Benefit paid as a lump sum upon death of the policy holder.
• Remaining 90% of the Death Benefit shall be paid as monthly income (which is (0.5% of Death Benefit) to the nominee over 15 years.)

4. Death Benefit –OPTION 4 – Income Plus Option:

In the event of death of the life Insured the death benefit Under Income Plus benefit is:

• 100% of the Death Benefit specified above shall be paid as a lump sum upon death.
• In addition, a level monthly income equal to 0.5% of the Sum Assured shall be payable for a period of 10 years.
• The monthly income can be opted as level or increasing at 10% p.a.

Surrender Benefit

In the event of Single Pay as premium payment mode, this Plan has a Surrender Value = 70% x Single Premium x (Unexpired Coverage Term / Original Coverage Term), but not for regular pay and limited pay.

FAQ's

Q: What coverage is available under HDFC Life Click2protect Plus Plan?

Ans: HDFC Life Click2protect Plus is a term insurance plan that offers the comprehensive financial protection to your family against the uncertainties of life. Being a pure protection plan, you will get the life cover at an affordable premium.

Q: Whether I have the flexibility to choose from cover options?

Ans: With HDFC Life Click2protect Plus Plan, you have the option to choose from 4 different coverage options. You will have the flexibility to choose from Life, Extra Life, Income & Income Plus option.

Q: At what age, can I buy Click2protect Plus Plan?

Ans: You can buy HDFC Life Click2protect Plus Plan from 18 years to 65 years of age. The maximum maturity age for this plan is 75 years of age.

Q: Is there any tax benefit available with this term plan?

Ans: Under HDFC Life Click2protect Plus Plan, the premiums paid qualify for tax benefits under section 80C of the Income Tax Act. The death benefit is also entitled for tax benefit under section 10 (10D) of the Income Tax Act.

You may opt for the following rider:

Income Benefit on Accidental Disability Rider: Additional protection in case of accidental disability which is monthly income security, i.e regular monthly income equal to 1% of Sum Assured for a fixed period of 10 years.

Critical Illness Plus Rider: This rider provides additional critical illness rider sum assured in case, diagnosed with any of the listed 19 Critical Illnesses.

(Riders are optional and are available at an extra cost.)

ample illustration of the Premium Amount for an individual of 25, 30 and 35 years, opting for a Life Cover of Rs 50 lacs or Rs 1 crore as Sum Assured and 25 years as Policy Tenure.
 

(Note: Premium amount is based on the Death benefit- Option-1 “ Life Option” for a non smoker individual keeping good health conditions at the time of buying this insurance plan)

HDFC Click to Protect Plus Term Plan is eligible for Tax benefits as stated:

• Premiums paid qualify for tax benefits as per Section 80C of the Income Tax Act, 1961.
• Death benefit(s) are entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)

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