The HDFC Life Click 2 Protect Life is one of the most comprehensive financial protection plans that have outpaced its peers because of its wide range of valuable benefits. It offers benefits as per the life assured’s lifestyle and provides protection at any stage in life. This plan comes in three variants: Life Insurance and Critical Illness Rebalance, Life Protect and Income Plus, which covers death, disability and critical diseases. It also provides discounts on premium to women policyholders and non-tobacco users.
Key Features:
Variant 1: Life and Critical Illness Rebalance:
• The life assured gets a balance advantage between death and critical illness benefit, as the sum assured amount is divided between life cover (80%) and critical illness cover (20%) of the basic sum assured.
• With the increase in the policy tenure, the critical illness cover increased with the corresponding reduction in life cover.
• On the diagnosis of any critical illness, all the future premiums get waived off and the life cover keeps continuing.
• Death benefit is payable as a lump sum amount to the life assured’s nominee, if they die during the policy term.
• The sum assured on maturity will be equivalent to the total premiums paid if return on premium (RoP) benefit is selected, otherwise the amount would be nil.
Variant 2: Life Protect Plan:
• Under this plan, a lump sum benefit is provided to the nominee on death of the life assured.
• The sum assured on maturity will be equivalent to the total premiums paid if RoP benefit is selected, otherwise the amount would be nil.
Variant 3: Income Plus:
• Under this option, the assured has an advantage of receiving regular monthly income after attaining the age of 60 years.
• The assured has an option to choose maturity age as per the below table:
Death benefit is payable as a lump sum amount to the life assured’s nominee, if they die during the policy term.
If the assured is survived during the policy term, then an income which is equivalent to 0.1% of the basic sum assured is payable to them at the end of every month, once they attain the age of 60 years, till either death or the end of policy term, whichever comes first.
Maturity benefit is only limited to fixed term and not for whole life.
Add-on Covers:
• Waiver of premium on critical illness option.
• Accidental death benefit.
• Alteration of premium payment frequency.
• Option to reduce premium payment term from regular pay to limited pay.
Eligibility Criteria
Learn more: Read our full HDFC Term Insurance Review
