It is becoming increasingly crucial to secure ourselves and our loved ones amidst the many uncertainties today. Keeping up with the changing times, HDFC Life presents Click2Protect Life, an intelligent term plan that provides three options: Life and Critical Illness (CI) Rebalance, Life Protect, and Income Plus.
The HDFC Life Click2Protect Life is a non-linked, non-participating, individual, pure risk premium or savings life insurance plan that gives you a host of benefits and keeps pace with your changing needs as you move ahead in life.
This plan allows you to strike the right balance by auto-balancing the life and critical illness covers at each policy anniversary.
The basic sum assured is split between Life Cover SA and Critical Illness SA (CI SA). First, Life Cover SA and CI SA comprise 80% and 20% respectively of the basic sum assured. After that, at every policy anniversary, starting from the first, CI SA will increase every year, and Life Cover SA will decrease by the same amount. This way enjoys a relevant cover when you need it the most.
The death coverage is payable as a lump sum to the nominee of the insured. It is the highest than:
• Sum assured on death or
• 105% of the total premiums paid or
• Life cover SA
Sum assured on death for single pay (SP) is the higher than:
• 125% of the single premium or
• Sum assured on maturity
Sum assured on death for other than single pay (limited pay and regular pay) is the higher than:
• Ten times the annualized premium or
• Sum assured on maturity
Where the annualized premium is the amount payable in a year chosen by the policyholder, excluding taxes, rider premiums, extra underwriting premiums, and loadings for modal premiums, if any.
Total premiums paid are all the premiums received, excluding any extra premium, rider premium, and taxes. In case the ROP option has been selected, total premiums paid include a premium paid for the base plan option and the additional premium paid for the ROP option.
If the insured is diagnosed with any of the covered critical illnesses, the applicable critical illness (CI) SA at the time of diagnosis of the disease will be payable. Additionally, all future premiums payable will be waived off, and the life cover will continue.
On survival until maturity, the sum assured upon maturity will be payable. Sum assured on maturity will be equal to the total premiums paid if return of premium (ROP) benefit is selected, or nil otherwise. Once the payment of death or maturity benefit is made, the policy terminates, and no further benefits are payable.
Under this plan option, the nominee gets a lump sum benefit in the case of death of the insured.
‘Death coverage’ is payable as a lump sum to the nominee and is the higher of:
• Sum assured on death or
• 105% of the total premiums paid
Sum assured on death for single pay (SP) is the highest of:
• 125% of single premium or
• Sum assured on maturity or
• Basic assured on maturity
Sum assured on death for other than single pay (limited pay and regular pay) is the higher of:
• Ten times the annualized premium or
• Sum assured on maturity or
• Basic assured on maturity
Where the annualized premium is the amount payable in a year chosen by the policyholder, excluding taxes, rider premiums, extra underwriting premiums, and loadings for modal premiums, if any.
Total premiums paid are all the premiums received, excluding any extra premium, rider premium, and taxes. In case the ROP option has been selected, total premiums paid include a premium paid for the base plan option and the additional premium paid for the ROP option.
On survival until maturity, the sum assured on maturity will be payable. Sum assured on maturity will be equal to the total premiums paid if the return of premium benefit is selected, nil otherwise. Once payment of death or maturity benefit is made, the policy terminates, and no further benefits are payable.
This plan option provides a life cover, regular monthly income from the age of 60 onwards, and a lump sum payout on maturity.
“Death coverage” is payable as a lump sum to the nominee and is the higher of:
• Sum assured on death or
• 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 or
• Sum assured on maturity or
• Basic sum assured
Where the annualized premium is the amount payable in a year chosen by the policyholder, excluding taxes, rider premiums, extra underwriting premiums, and loadings for modal premiums, if any.
Total premiums paid are all the premiums received, excluding any extra premium, rider premium, and taxes. In case the ROP option has been selected, total premiums paid include a premium paid for the base plan option and the additional premium paid for the ROP option.
On survival, provided all due premiums have been paid, an income equal to 0.1% of basic sum assured will be payable at the end of every month, following policy anniversary after attaining 60 years of age, until death or end of the policy term, whichever occurs first.
For fixed-term:
On survival until maturity, the sum assured on maturity will be payable.
Sum assured on maturity will be equal to max (110% of total premiums paid less total survival benefit paid out, 0).
For whole life: NIL
Once payment of death or maturity benefit is made, the policy terminates, and no further benefits are payable.
You are eligible for this policy as per the requirements given below:
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 | 65 years | 65 years | 65 years | 50 years | 10 Pay: 50 years Single Pay, 5 Pay: 55 years |
Min. Age at Maturity | 28 years | 18 years | Whole Life | 70 years | Whole Life |
Max. Age at Maturity | 75 years | 85 years | Whole Life | 85 years | Whole Life |
Min. Policy Term | 10 years | Single Pay: 1-month Regular Pay: 5 years Limited Pay: 6 years | Whole Life | 30 years | Whole Life |
Max. Policy Term | 30 years | 85 years – Age at Entry | Whole Life | 40 years | Whole 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 | Rs. 20 Lakh | Rs. 50,000 | |||
Max. Basic Sum Assured | No limit, subject to Board Approved Underwriting Policy (BAUP) |
Add-on benefits available under HDFC Life Click2Protect Life are as follows:
Return of Premium (ROP) option
The insured may choose to opt for this benefit under the plan option as per the below table:
Option | Allowed to opt for ROP option | |
---|---|---|
Life & Critical Rebalance | Yes | |
Life Protect | Fixed Term | |
Whole Life | No | |
Income Plus | Fixed Term | |
Whole Life |
Accidental death coverage (ADC) option
• In this add-on option, an additional amount equal to 100% of the basic sum assured will be payable to the nominee in case of death due to an accident of the insured. This option is available only where the 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
Alter premium payment frequency
Flexibility to alter the premium payment frequency during the premium payment term without any charge or fee.
Option to reduce premium payment term from regular pay to limited pay
Get the option to convert the outstanding regular premiums into any limited premium period available under the plan options without any charge or fees.
1. Cancer of Specified Severity | 2. Deafness |
3. Myocardial infarction – First heart attack of specified severity | 4. End-stage lung failure |
5. Open Heart Replacement or Repair of Heart Valves | 6. End-stage liver failure |
7. Kidney Failure Requiring Regular Dialysis | 8. Loss of Speech |
9. Major Organ/ Bone Marrow Transplant | 10. Loss of Limbs |
11. Coronary Artery Bypass Graft (Open, Keyhole or minimally invasive or Robotic Cardiac CABG) | 12. Major Head Trauma |
13. Multiple Sclerosis with persisting symptoms | 14. Primary (idiopathic) pulmonary hypertension |
15. Stroke resulting in permanent symptoms | 16. Third Degree Burns |
17. Coma of specific severity | 18. Alzheimer’s Disease |
19. Permanent Paralysis of Limbs | 20. Aplastic Anaemia |
21. Motor Neuron Disease with Permanent Symptoms | 22. Medullary Cystic Kidney Disease |
23. Benign Brain Tumor | 24. Parkinson’s Disease |
25. Blindness | 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 Scleroderma |
You can follow these simple steps to buy this policy:
The following documents are required to purchase the policy:
Life is uncertain, and so are medical emergencies and accidents. We are here to guide you in these challenging times and complete your claim processing in a few simple steps.
Cashless Claims:
Documents needed to process cashless claim:
With HDFC Click2Protect Life, the insured can benefit from cashless treatment with the insurer’s network hospitals anywhere in the country. The procedure to file a claim is as follows:
Reimbursement Claims:
Documents needed to process reimbursement claim
The major exclusions for the policy are as follows:
Exclusions for critical illness benefit
Apart from the disease-specific exclusions given along with definitions of diseases above, no benefit will be payable if the critical illness is caused or aggravated directly or indirectly by any of the following:
Exclusions for Accidental Death benefit
The additional accidental death benefit will not be payable if death is caused directly or indirectly from any of the following:
BFL Helpline Number: 08698010101
HDFC Life Helpline Number: 1800-266-9777
E-mail: wecare@bajajfinserv.in
Mailing address: Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014.
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