HDFC life Insurance plans

HDFC Life’s Click 2 Protect Life – Term Plan

HDFC Life presents Click 2 Protect Life, an intelligent term plan that provides benefits as per your altering lifestyle and life stage needs and helps you stay truly protected. This is the latest and most comprehensive plan from the HDFC Life stable.

Key Features

The key features of Click 2 Protect Life – Term Plan are as follows:
  • Provides comprehensive financial protection to your family
  • Option to choose a cover which fits your needs from 3 plan options
  • Auto balances Death and Critical Illness benefits with increasing age
  • Get income payouts from age 60 onwards under Income Plus Option
  • Option to avail cover for Whole of Life
  • Get back all premiums paid on survival till maturity with Return of Premium option
  • Waiver of Premium on diagnosis of Critical Illness (through WOP CI option)
  • Additional Sum Assured on Accidental Death (through ADB option)

HDFC Life Click 2 Protect Life

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HDFC Life Insurance plans
Distribution - Number of branches pan India (March 2019)
412
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
5/67
Solvency Ratio (FY 2018-19) *
1.88
Number of Policies Sold (Ind+Group) *
897,693
Number of Lives Covered (Ind+Group) **
61,258,962
Claims Settlement Ratio (Ind+Group) ***
99.29%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

HDFC Life’s Click 2 Protect Life Insurance Plan overview

  • Plan Options
  • Benefit Description
  • Add-On benefits
  • Eligibility
The three plan options under this plan are as follows:
  • Life Protect Option
  • Life & CI Rebalance Option
  • Income Plus Option
Protection Type Benefits Life cover Life cover + Critical Illness Cover Life cover + Regular Income after age of 60
Available Plan Option Life Protect Life & CI Rebalance Income Plus
Who Should buy this? Looking for basic protection of family Looking for benefit of "Life Cover" and "Critical Illness Cover Looking for benefit of "Life Cover" and "Regular Income after age of 60"
Life Cover (Lumpsum)(Your nominee gets lumpsum amount incase of your unfortunate demise)
Critical Illness Cover (Lumpsum)
(You will get certain percentage of total cover amount as lumpsum amount for treatment of 36 critical illness)
X X
Critical Illness Cover (Waiver of Premium) (Incase of diagnosis of 36 critical illness, you don’t have to pay any future premiums) (Available at Extra Cost)√ (In-built Feature)√ X
Monthly Income(Incase of your survival after age of 60, you will get 0.1% of total cover amount as regular monthly income till the policy matures) X X
Accidental Death (Additional Cover)(Get 2 times the total cover amount incase of death due to accident) (Available at Extra Cost) X X
Return of Premium(Incase of your survival till the end of policy, you can opt to get back lumpsum amount) (Available at Extra Cost) √ (Available at Extra Cost) √ (In-built feature - For Fixed term) √
Whole Life(You can opt for term cover that is available for whole of your life) X

Description of Benefits

Benefits Available Under HDFC Life Click 2 Protect Life’s Individual Plans are as follows:

  • Life Protect Option
    Under this plan option, you are covered for death during the policy term. In case of your unfortunate demise during the policy term, your nominee gets a lump sum benefit. Death Benefit: “Death Benefit” is payable as a lump sum to your Nominee if you, the Life Assured die during the policy term. It is 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 Maturity
    • Basic Sum Assured
    Maturity Benefit:
    On survival until Maturity, Sum Assured on Maturity will be payable.

    Sum Assured on Maturity will be equal to the Total Premiums Paid if ROP benefit is selected, Nil otherwise.

    Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits are payable.

    Under this plan option, you are covered for death during the policy term. In case of your unfortunate demise during the policy term, your nominee gets a lump sum benefit.
  • Life & CI Rebalance Option Under this plan option, Basic Sum Assured chosen by you will be split between Life Cover SA and Critical Illness SA (CI SA). At the beginning of the cover, Life Cover SA is set at 80% of Basic Sum Assured and CI SA is set at 20% of Basic Sum Assured. For an in-force policy, at every policy anniversary, starting from the first policy anniversary, CI SA will increase every year and Life Cover SA will decrease by the same amount. This amount will be calculated as follows:

    30% X Basic Sum Assured ÷ Policy Term.
    (Basic Sum Assured (Life Cover SA + CI SA) will remain the same throughout the policy term.)

    Once a Critical Illness claim is made, the Life Cover SA will be fixed at the then applicable level and the same SA will continue until the end of policy term.
    Death Benefit:
    “Death Benefit” is payable as a lump sum to your Nominee if you, the Life Assured die during the policy term. It is the highest of:
    • Sum Assured on Death
    • 105% of Total Premiums Paid
    • Life Cover SA
    Sum Assured on Death for Single Pay (SP) is the higher of:
    • 125% of Single Premium
    • Sum Assured on Maturity
    Sum Assured on Death for other than Single Pay (Limited Pay and Regular Pay) is the higher of:
    • 10 times of the Annualized Premium
    • Sum Assured on Maturity
    Benefit on diagnosis of Critical Illness:
    On diagnosis of any of the covered critical illnesses, the applicable Critical Illness (CI) SA at the time of diagnosis of the disease, will be payable to you. In addition, all future premiums payable under the plan will be waived off and the life cover continues.

    Maturity Benefit:
    On survival until Maturity, Sum Assured on Maturity will be payable.

    Sum Assured on Maturity will be equal to the Total Premiums Paid if ROP benefit is selected, Nil otherwise.

    Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits are payable.

    Under this plan option, Basic Sum Assured chosen by you will be split between Life Cover SA and Critical Illness SA (CI SA).
  • Income Plus Option

    This option provides you with a life cover for the chosen policy term and regular monthly income from age 60 onwards along with a lump sum payout on maturity. Monthly income of 0.1% of the Basic Sum Assured shall be paid in arrears, starting from the policy anniversary following your 60th birthday and continues until your death or policy maturity, whichever occurs earlier.

    Death Benefit:
    “Death Benefit” is payable as a lump sum to your Nominee if you, the Life Assured die during the policy term. It is the higher of:
    • Sum Assured on Death
    • 105% of Total Premiums Paid
    less total Survival Benefits paid out till the date of death 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
    Survival Benefit:
    On your survival during the policy term provided all due premiums have been paid, an income equal to 0.1% of Basic Sum Assured will be payable to you at the end of every month, following policy anniversary after your attaining age 60 years, until death or end of the policy term, whichever occurs first.

    Maturity Benefit:
    For Fixed Term:
    On Survival until Maturity, Sum Assured on Maturity will be payable.

    Sum Assured on Maturity will be equal to Max (110% of Total Premiums Paid less total Survival Benefits paid out, 0)

    For Whole Life: NIL
    Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits are payable.

    This option provides you with a life cover for the chosen policy term and regular monthly income from age 60 onwards along with a lump sum payout on maturity. Monthly income of 0.1% of the Basic Sum Assured shall be paid in arrears, starting from the policy anniversary following your 60th birthday and continues until your death or policy maturity, whichever occurs earlier.

Add-On benefits available under the Product:

  • Return of Premium (ROP) option
    If you choose this plan option, you will have to pay an additional premium over and above the premium payable for the base plan option chosen and you will receive a return of 100% of the Total Premiums Paid as a lump sum, upon survival until maturity.

    This option will be available only with Life & CI Rebalance and Life Protect (Fixed Term) options.
  • Waiver of Premium on CI (WOP CI) Option
    If you choose this add-on option, all future premiums payable under the plan will be waived, if you, the life assured are diagnosed with any of the covered critical illnesses.

    This option will be available only where PPT is at least 5 years and Life Protect Option with Fixed Term is selected.

    An additional premium (over and above the premium payable for the base plan) will be payable if this add-on option is chosen.
  • Accidental Death Benefit (ADB) Option
    If you choose this add-on option, an additional amount equal to 100% of Basic Sum Assured will be payable to the Nominee on your (Life Assured’s) death due to accident during the policy term. This option will be available only where Life Protect Option has been selected.

    An additional premium (over and above the premium payable for the base plan) will be payable if this add-on option is chosen.
  • Alteration of Premium Payment Frequency
    You have an option to alter the premium payment frequency during the premium payment term.
  • Option to reduce Premium Payment Term from Regular Pay to Limited Pay
    You also have an option to convert the outstanding regular premiums into any limited premium period available under the plan options.

Eligibility Criteria for Click2Protect Life

Plan Option Life & CI Rebalance Life Protect Income Plus
    Fixed Term Whole Life Fixed Term Whole Life
Min Age at Entry 18 years 18 years 45 years 30 years 45 years
Max Age at Entry 165 years 165 years 165 years 150 years 110 Pay: 50 years
Single Pay, 5 Pay: 55 years
Min Age at Maturity 28 years 18 years Whole of Life 70 years Whole of Life
Max Age at Maturity 75 years 85 years Whole of Life 85 years Whole of Life
Min Policy Term 10 years Single Pay: 1 month
Regular Pay#: 5 years
Limited Pay*: 6 years
Whole of Life 70 years – Age at Entry Whole of Life
Max Policy Term 30 years 85 years – Age at Entry Whole of Life 40 years Whole of Life
Premium Payment Term Single Pay, Regular Pay#, Limited Pay* (5 to any PPT less than PT) Limited Pay* (5, 10, 15 pay) Single Pay, Limited Pay* (5, 10 pay)
Min. Basic Sum Assured INR 20,00,000 INR 50,000
Max. Basic Sum Assured No limit, subject to Board Approved Underwriting Policy (BAUP)

#Regular pay means when premium paying term is equal to policy term

*Limited pay means when premium paying term is less than policy term.

All ages are expressed as on last birthday. For all ages, risk commences from the date of inception of the contract.

Riders for Click2Proect Life

  • HDFC Life Critical illness plus rider
    HDFC Life Critical Illness Plus Rider offers a lump sum benefit equal to the sum insured, if the life assured survives for a period of 30 days following the diagnosis of any of the specified 19 critical illnesses.
  • HDFC Life Income Benefit on Accidental Disability Rider
    HDFC Life Income Benefit on Accidental Disability Rider - In the event of total permanent disability due to an accident, you will be paid a regular monthly income equal to 1% of Sum Assured for a fixed period of 10 years.
  • HDFC Life Protect Plus Rider
    HDFC Life Protect Plus rider offers benefit as a proportion of the Rider Sum Assured shall be payable in case on accidental death or partial/total disability due to accident or if you are diagnosed with cancer as per the option chosen under this rider. No maturity benefit is payable under this rider.

Search for other HDFC Life term plans

Get answers to all your questions?

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 premiums 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.

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

Yes, Under Income Plus Option, you will receive a return of 100% of the Total Premiums1 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.
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.

Critical Illness means illness, the signs or symptoms of which first commence more than 90 days following the Issue Date or Commencement Date or the date of any reinstatement of this Contract, whichever is the latest and shall include either the first diagnosis of any of the following illnesses or first performance of any of the covered surgeries stated below:

List of Critical Illnesses covered
1.Cancer of Specified Severity 2. Myocardial infarction – First heart attack of specific severity 3. Open Heart Replacement or Repair of Heart Valves
4.Kidney Failure Requiring Regular Dialysis 5. Major Organ/ Bone Marrow Transplant 6. Coronary Artery Bypass Graft (Open, Keyhole or minimally invasive or Robotic Cardiac CABG)
7.Multiple Sclerosis with persisting symptoms 8. Stroke resulting in permanent symptoms 9. Coma of specific severity
10.Permanent Paralysis of Limbs 11. Motor Neuron Disease with Permanent Symptoms 12. Benign Brain Tumor
13.Blindness 14. Deafness 15. End stage lung failure
16. End stage liver failure 17. Loss of Speech 18. Loss of Limbs
19.Major Head Trauma 20. Primary (idiopathic) pulmonary hypertension 21. Third Degree Burns
22.Alzheimer’s Disease 23. Aplastic Anaemia 24. Medullary Cystic Kidney Disease
25.Parkinson’s Disease 26. Systemic Lupus Erythematosus (SLE) with Lupus Nephritis 27. Apallic Syndrome
28.Major Surgery of Aorta 29. Brain Surgery 30. Fulminant Viral Hepatitis
31.Cardiomyopathy 32. Muscular dystrophy 33. Poliomyelitis
34.Pneumonectomy 35. Severe Rheumatoid Arthritis 36. Progressive Scledorma
To know more about each critical illness, refer product brochure
  • Under Life & CI Rebalance option, waiver of premium on diagnosis of critical illness is an in-built feature. Also, lump sum amount is given for treatment of critical illness under this plan option.
  • Under Life Protect option, this benefit is available as Waiver of Premium on CI (WOP CI add on option). If you choose this add-on option, all future premiums payable under the plan will be waived, if you are diagnosed with any of the covered critical illnesses. This option will be available only where PPT is at least 5 years and Life Protect Option with Fixed Term is selected. An additional premium will be payable if this add-on option is chosen.
Accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means. Accidental Death means death by or due to a bodily injury caused by an Accident, independent of all other causes of death. Accidental Death must be caused within 180 days of any bodily injury.

“Accidental death” shall mean death:
  • which is caused by bodily injury resulting from an accident and
  • which occurs due to the said bodily injury solely, directly and independently of any other causes and
  • which occurs within 180 days of the occurrence of such accident but before the expiry of the cover and
  • is not a result from any of the causes listed in the exclusions for accidental death benefit

Yes, additional benefit is available in the form of Accidental Death Benefit (ADB) add on option. If you choose this add-on option, an additional amount equal to 100% of Basic Sum Assured will be payable to the Nominee on your death due to accident during the policy term. This option will be available only where Life Protect Option has been selected. An additional premium will be payable if this add-on option is chosen.

Critical Illness cover increases at each policy anniversary with corresponding reduction in Life Cover.

At the beginning of the cover, Life Cover SA is set at 80% of Basic Sum Assured and CI SA is set at 20% of Basic Sum Assured. For an in-force policy, at every policy anniversary, starting from the first policy anniversary, CI SA will increase every year and Life Cover SA will decrease by the same amount.

This amount will be calculated as follows:
  • 30% X Basic Sum Assured ÷ Policy Term.
Basic Sum Assured (Life Cover SA + CI SA) will remain the same throughout the policy term.

Once a Critical Illness claim is made, the Life Cover SA will be fixed at the then applicable level and the same SA will continue until the end of policy term.

You also have an option to convert the outstanding regular premiums into any limited premium period available under the plan options without any charge/ fee.

You have an option to alter the premium payment frequency during the premium payment term without any charge/ fee.

Premiums paid by an individual or HUF under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 1961, the benefits received from this policy are exempt from tax, subject to the conditions specified therein.

Please note that the above mentioned benefits are as per the current tax rules. Your tax benefits may change if the tax rules are changed. You are requested to consult your tax advisor.

No, Plan option once chosen at inception cannot be changed throughout the policy term.

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025