HDFC Life Click 2 Protect Super Plan

Plan Options in HDFC Click 2 Protect Super Plan:

HDFC Click 2 Protect Super Plan offers three plan options. Brief details about each plan are as follows: 

1. Life Plan: The policyholder, under this plan, is mainly covered for the death payout during the plan tenure. The payout may increase in case of death due to a terminal illness. 

1. Life Plus Plan: Under this plan, the policy holder is covered for death payout. The payout may increase in case of death due to terminal illness. An additional amount will also be paid in case of death due to accident during the policy tenure. 

1. Life Goal Plan: The cover paid on death will change with the year of the policy. 

Life Plan Under HDFC Click 2 Protect Super Plan: 

The details regarding the Life Plan offered by the HDFC bank is as follows: 

1. Maturity Benefit: SA on maturity will be paid when the maturity date ends, which is equivalent to 100% of the total premium amount paid (If the ROP option is selected). 

1. Death Benefit: Death benefit is paid as a lump sum amount to the nominee, if the policyholder dies during the policy tenure. 

(The death benefit is the highest of the sum assured on death into the sum assured factor applicable in the birth policy year. 105% of the total premium is paid). 

1. Terminal Illness Benefit: Upon death due to terminal illness during the policy tenure then SA of maximum of Rs.2 crore will be enhanced. In case of terminal illness death at age above 80 years, the death benefit will not be enhanced. 

Life Plus Plan Under HDFC Click 2 Protect Super Plan:

The details regarding the Life Plus option offered by HDFC bank is as follows: 

1. Maturity Benefit: SA on maturity will be paid when the maturity date ends, which is equal to 100% of the total amount of premium paid (If ROP option is selected). 

1. Death Benefit: Death benefit is paid as a lump sum amount to the nominee, if the policyholder dies during the policy tenure. SA is given on death and 105% of the total premium amount is paid.

1. Accidental Death Benefit: An amount equivalent to SA on death will be paid. Accident benefit is also payable, If the death occurs because of an accident during the policy tenure or after it ends but within 180 days from the accident date, 

1. Terminal Illness Benefit: Upon death due to terminal illness during the policy tenure then SA of maximum of Rs.2 crore will be enhanced. In case of terminal illness death at age above 80 years, the death benefit will not be enhanced.

Life Goal Plan Under HDFC Click 2 Protect Super Plan 

The details regarding the Life Goal option offered by HDFC bank is as follows: 

1. Death Benefit: Death benefit is paid as a lump sum amount to the nominee, if the policyholder dies during the policy tenure.

(The death payout is equivalent to the SA on death which is calculated as: Basic SA x SA factor applicable in the death policy year) 

Exclusive Features of HDFC Click 2 Protect Super Plan 

The following are the exclusive featured offered under the insurance policy: 

1. Death Benefit in Installments: This option can be availed at the starting of the policy or by the nominee during the claim process. It can also be availed for completed or section of death claim benefits payable under the plan. The installments can be received over a selected time of 5 to 15 years. 

2. Flexible to Change Premium Frequency: Option to change the frequency of premium payment during the premium payment tenure. 

3. Covid 19 Cover: The insurance policy provides coverage against death due to Covid 19 and other illness mentioned in the policy documents. 

4. Flexible to Alter PPT: The policyholder can conveniently change the outstanding Regular Pay (RP) to any of the Limited Pay (LP) available in the plan. 

5. Additional Cover for Spouse: The spouse will receive a death benefit equivalent to a selected percentage of the policyholder’s basic SA. Any future premium that is paid under the agreement shall be waived. 

6. Exit Benefit: This benefit can be availed by cancelling the plan, subjected to below conditions: 

1. This benefit can be availed in any year of policy for more than 30 years, but not during the last five years of the policy. 

1. If the life goal plan and ROP option is choses, then this benefit shall not be available. 

1. This benefit is only applicable on the base cover premium. 

7. Waiver of Premium on CI Option: If the policyholder is diagnosed with a critical illness, all future premiums will be waived off. This option cannot be chosen if you opt for the single pay premium payment term. 

8. Return of Premium Option: Under this option, the policyholder must pay an extra premium above the payment made under the base term plan. The policy holder will get a return of 100% of the full paid premium as a lump sum upon the survival of the policy until maturity.

9. Maturity Renewability: The policy holder can increase the term of their plan upon maturity for a maximum of five years. 

10. Life Stage Option: The option must be chosen at the beginning of the policy. The policyholder may choose to receive cover under the following life situations: 

1. Marriage: 50% of SA (Maximum amount of Rs.50 lakh).

1. First Childbirth: 25% of SA (Maximum amount of Rs.25 lakh). 

1. Second Childbirth: 25% of SA (Maximum amount of Rs.25 lakh).