HDFC Life Click 2 Protect Super

The following table highlights the eligibility criteria for the HDFC Click 2 Protect Super Plan:

Plan Options in HDFC Click 2 Protect Super Plan

Given below are the different plan options available under the HDFC Click 2 Protect Super Plan based on which your premium amount will change:

·  Life: Under the Life Plan option, the insurer provides the death payout during the policy term, which can also be increased if the policyholder suffers from a[SR3]  terminal illness.

·  Life Goal: In the Life Goal option, the amount paid as life cover on the death of the policyholder will change.

·  Life Plus: Under this option, the company provides the death payout coverage to the policyholder which can be increased after the diagnosis of a terminal illness. Apart from this, in case of accidental death during the policy term, the family of the policyholder will receive an extra amount as financial coverage.

Advantages of HDFC Click 2 Protect Super Plan

Let us discuss the benefits of HDFC Click 2 Protect Super Plan:

Life Option

Death Benefit

The insurer provides death benefits in the form of a lump sum amount in case of death of the policyholder during the policy term. The death benefit will be the highest of the:

1. Sum assured based on the birth policy year.

1. 105% of the overall premium amount paid.

Sum assured on death of Single Pay is higher than:

1. 125% of single premium paid.

1. Basic sum assured.

Sum assured on death of the policyholder except Single Pay is highest of:

1. Basic sum assured amount.

1.  Ten times the annual premium amount.

Terminal Illness Benefit

In case of the diagnosis of terminal illness over the policy term, the insurer will provide a sum assured on death of up to Rs.2 crore. However, if the age of the policyholder is above 80 years, they will not receive the death benefit.

Maturity Benefit

The insurance company will pay the sum assured on maturity based on the survival of the policyholder till maturity which is equal to 100% of the overall premium amount paid.

Life Goal Option

Death Benefit

In case of the death of the policyholder during the policy tenure, the insurance company is liable to pay a lump sum amount as a death benefit.

Maturity Benefit

Life Goal option does not provide maturity benefits to the policyholder.

Life Plus Option

Under the Life Plus Option, the insured will get death benefits which will be accelerated if they are diagnosed with a terminal illness. Apart from this, the policyholder’s family will get an additional amount in case of the accidental death of the policyholder during the policy tenure.

Death Benefit

In case of the death of the policyholder during the policy tenure, a lumpsum amount will be paid as a death benefit to the family members of the insured. The death benefit is highest of the:

1. Sum assured on the death of the policyholder.

1. 105% of the total premium paid.

Terminal Illness Benefit

Under this option, the death benefit will be accelerated in case the policyholder is diagnosed with terminal illness. However, if the age of the policyholder is above 80 years, the death benefit will not be accelerated.

Accidental Death Benefit

In case of the accidental death of the policyholder during the policy tenure, the insurer will pay amount equal to the sum assured.

Riders of HDFC Life Click 2 Protect Super Plan

Let’s have a look at the riders available under HDFC Life Click 2 Protect Super Plan:

HDFC Life Critical Illness Rider

If the policyholder is diagnosed with 19 different types of critical illnesses and survives at least 30 days after the diagnosis, the insurer will pay a lump sum benefit equal to the sum assured each month.

HDFC Life Income Benefit on Accidental Disability Rider

If the policyholder suffers from a permanent and accidental disability, they will get a benefit equal to 1% of the sum assured each month for the next ten years. However, the insured will not receive any maturity benefit under this plan.

HDFC Life Protect Plus Rider

In case of  partial/ total disability or accidental death of the policyholder, the insurance company will provide rider life coverage.

Waiver of Premium on Critical Illness (WOP CI) Option

Under this rider, all the future premiums which have to be paid by the policyholder will be waived off in case the policyholder is diagnosed with a critical illness. This rider should be selected at the beginning of the policy tenure and the policyholder should pay an extra premium for this rider.

Other Benefits Provided by the HDFC Click 2 Protect Super

The following are the additional benefits provided by the HDFC Click 2 Protect Super:

Change Premium Frequency Option

The insured is provided with an option to change the premium frequency over the tenure of premium payment.

Renewability at Maturity Option

Under this plan, the policyholder receives an option to extend their policy tenure up to five years.

Return of Premium Option

If the policyholder opts for this option, then they need to pay an additional premium amount over the basic insurance plan, in exchange of which the insurer will provide 100% return of the overall premium amount paid on the survival till the maturity period.

Policy Details

Policy Loan

The policy loan cannot be availed by the insured under this insurance product.

Free Look Period

If the policyholder is not satisfied after going through the terms and conditions of the insurance plan, the insured should let the insurance company know about the cancellation of the policy within 15 days from the policy receipt date. However, if the policyholder purchases the plan in distance marketing mode, the free look-up period will be extended to 30 days.

Grace Period

HDFC Life Click 2 Protect Super plan comes with a grace period of 30 days for annual, half yearly, and quarterly frequencies from the due date of premium payment.

Revival

The lapsed or paid-up plan can be revived within the given revival period.