HDFC life click 2 protect life plan is a non-linked, non participating, individual, pure risk premium /savings life insurance plan from HDFC Life Insurance. It adjusts to your needs and protects your family against uncertainties. This plan provides cover for the whole life. Let’s explore this gem plan in detail.
| Plan Name | HDFC Life Click 2 Protect Life Plan |
| UIN No. | 101N139V04 |
| Plan Type | Term Plan |
List of Topic Covered
Key Features of HDFC Click 2 Protect Life
- Option to choose cover as per your needs (3 plan options)
- This plan provides you the option to avail cover for the Whole Life.
- Get income payouts from age 60 onwards under Income Plus Option.
- Auto balances death and critical illness benefits with increasing age.
- You can get all the premiums paid on survival with the Return of Premium option.
- Waiver of premium on diagnosis of critical illness.
- Special premium rates for female lives and non-tobacco users.
- Tax benefits are available.
Eligibility Conditions in HDFC Click 2 Protect Life
| Plan Option | Life & CI Rebalance | Life Protect | Income Plus |
| Min Age at Entry | 18 yrs | Fixed Term – 18 yrs Whole Life – 45 yrs | Fixed Term – 30 yrs Whole Life – 45 yrs |
| Max Age at Entry | 65 yrs | Fixed Term – (65 years for non-PoS 60 years for PoS) Whole Life – 65 yrs | Fixed Term – 50 yrs Whole Life – (10 Pay: 50 years |Single Pay, 5 Pay: 55 years |
| Min. Age at Maturity | 28 yrs | Fixed Term – (18 years for Non PoS 23 years for PoS) Whole Life – Entire life | Fixed Term – 70 yrs Whole Life – Entire life |
| Max. Age at Maturity | 75 yrs | Fixed Term – (85 years for non-PoS 65 years for PoS) Whole Life – Entire life | Fixed Term – 85 yrs Whole Life – Entire life |
| Min. Policy Term | 10 yrs | Fixed Term – (Single Pay: 1 month for Non PoS & 5 years for PoS Regular Pay : 5 yrs Limited Pay : 6 yrs) Whole Life – Entire life | Fixed Term – (70 yrs minus age at entry) Whole Life – Entire life |
| Max. Policy Term | 30 yrs | Fixed Term – (85 years minus Age at Entry for non-PoS | 65 years minus Age at Entry for PoS ) Whole Life – Entire life | Fixed Term – 40 yrs Whole Life – Entire life |
| Premium Payment Term | Single Pay, Regular Pay, Limited Pay (5 to any PPT less than PT | Fixed Term – Single Pay, Regular Pay, Limited Pay (5 to any PPT less than PT) Whole Life – Limited Pay (5, 10, 15 pay) | Fixed Term – Single Pay, Limited Pay (5, 10 pay) Whole Life – Single Pay, Limited Pay (5, 10 pay) |
| Min. Basic Sum Assured | ₹ 20,00,000 | ₹ 50,000 | ₹ 50,000 |
| Max. Basic Sum Assured | No Limit | No Limit | No Limit |
Minimum Premiums under various Premium Payment Terms & Premium Frequencies are as mentioned below :
| Premium Payment Term | Premium Frequency | Minimum Premium Per Installment |
| Single Pay (SP) | Single | ₹ 59 |
| Limited Pay (LP) / Regular Pay (RP) | Annual | ₹ 205 |
| Limited Pay (LP) / Regular Pay (RP) | Half-yearly | ₹ 105 |
| Limited Pay (LP) / Regular Pay (RP) | Quarterly | ₹ 53 |
| Limited Pay (LP) / Regular Pay (RP) | Monthly | ₹ 18 |
Plan Options in HDFC Click 2 Protect Life
There are 3 plan options under HDFC Click 2 Protect Life. You can choose from the following 3 plan options.
- Life & CI Rebalance – This option creates a balance between death and critical illness during the policyholder’s life.
- Life Protect – This option provides a lump sum benefit on death of the life assured.
- Income Plus – This option covers the life assured for the entire policy term. He receives a lump sum payout on maturity along with regular income starting from age 60.
HDFC Click 2 Protect Life Plan Benefits
Benefits payable under various plan options are as follows,
1. Life & CI Rebalance Benefits
Under this option basic sum assured chose by you will be divided into two components,
- Life Cover SA
- Critical Illness SA (CI SA)
It starts with 80% of Life Cover SA and 20% as Critical Illness SA (CI SA). Critical illness cover increases at every policy anniversary, subsequently reducing the life cover.
Let’s understand this with the help of an example.
Basic Sum Assured : 50 lakhs
Policy Term : 10 years
| Policy Year | Life Cover Sum Assured | Critical Illness Sum Assured |
| 1 | 40.0 lakhs | 10.0 lakhs |
| 2 | 38.5 lakhs | 11.5 lakhs |
| 3 | 37.0 lakhs | 13.0 lakhs |
| 4 | 35.5 lakhs | 14.5 lakhs |
| 5 | 34.0 lakhs | 16.0 lakhs |
| 6 | 32.5 lakhs | 17.5 lakhs |
| 7 | 31.0 lakhs | 19.0 lakhs |
| 8 | 29.5 lakhs | 20.5 lakhs |
| 9 | 28.0 lakhs | 22.0 lakhs |
| 10 | 26.5 lakhs | 23.5 lakhs |
Once the critical illness claim is made, life cover sum assured will be fixed and the same will continue until the end of the policy.
Death Benefit :
If a policyholder dies any time during the policy term then death benefit is paid as lump sum to the nominee.
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 Limited Pay and Regular Pay is the higher of,
- 10 times of the Annualized Premium
- Sum Assured on Maturity
Critical Illness Benefits :
On diagnosis of any of the covered critical illnesses, the applicable Critical Illness (CI) SA at the time of diagnosis will be payable to the policyholder.
Also, all the future premiums payable under the plan will be waived of and the life cover continues.
Maturity Benefit:
On survival till the maturity period, Sum Assured on Maturity will be payable.
After paying the death benefit or maturity benefit, the policy terminates.
2. Life Protect Benefits
Under this plan option, if a policyholder dies anytime during the policy term, his/her nominee gets the lump sum benefit.
Death Benefit
If a policyholder dies any time during the policy term then death benefit is paid as lump sum to the nominee.
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 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 till the maturity period, Sum Assured on Maturity will be payable. After paying the death benefit or maturity benefit, the policy terminates.
3. Income Plus Benefits
Under this option, a policyholder gets a life cover for the chosen policy term. Also he gets a regular monthly income from age 60 onwards along with lump sum payout on maturity.
Death Benefit
If a policyholder dies any time during the policy term then death benefit is paid as lump sum to the nominee.
It is the higher of,
- Sum Assured on Death
- 105% of Total Premiums Paid minus total survival benefit 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 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. This will start after you attend age of 60 years and continues until death or end of the policy term, whichever occurs first.
Maturity Benefit
- For Fixed Term – Sum Assured on Maturity will be payable.
- For Whole Life: NIL
Add-on Benefits Under HDFC Click 2 Protect Life
For opting any add-on benefits under this plan, you will have to pay an additional premium over and above the premium payable for the base plan.
- Return of Premium (ROP) option
- Waiver of Premium on CI (WOP CI) Option
- Accidental Death Benet (ADB) Option
- Alteration of premium payment frequency
- Option to reduce Premium Payment Term from Regular Pay to Limited Pay
Riders Under HDFC Click 2 Protect Life
Riders help you to enhance your protection.
- HDFC Life Income Benefit on Accidental Disability Rider (101B013V03)
- In case of an accidental total permanent disability, 1% of rider sum assured is paid out for the next 10 years.
- HDFC Life Critical Illness Plus Rider (101B014V02)
- If a policyholder is diagnosed with any of the 36 critical illnesses and survives for the period of 30 days then lump sum benefit equal to rider sum assured shall be payable.
- HDFC Life Protect Plus Rider (101B016V01)
- In case of an accidental death or partial/total disability due to accident, a benefit as a proportion of rider sum assured shall be payable.
Other Features in HDFC Life Click 2 Protect Life
Suicide Exclusion
If death happens due to suicide within 12 months from the date of commencement of risk or from the date of survival of the policy. The nominee or beneficiary will be entitled to receive 80% of the total premiums paid or surrender value applicable as on date of death.
Tax Benefits
Premiums paid are exempted under section 80C of the income tax act of 1961.
Free-Look Period
If the policyholder is not satisfied with the policy, he/she has an option to return the policy within 15 days from the date of receipt. Policyholder has to mention the reason for the same. There is a 30 days of free look period if the policy is purchased through distance marketing.
Policy Loan
No policy loans are available under HDFC life Click 2 Protect Life.
Paisa kaudi recommendation on HDFC Life Click 2 Protect life Plan
Our take on this plan is extremely positive. Great brand, aggressively priced product. HDFC Life has amazing claim settlement ratio. Overall a great product in protection plans category. If you are still thinking about a term insurance plan, go for it and insure your family and yourself. Take care.
Read HDFC Life Saral Jeevan Bima Plan Review
HDFC Life Click 2 Protect Life FAQs
No, Plan option once chosen at start can not be changed in the middle of the policy.
Premiums paid under this plan are eligible for tax benefits under section 80C of the income tax act 1961. Benefits received are exempt from tax under section 10 (10D)
You have an option to change the premium payment frequency without any charge.
Yes you can change it without any charge.
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This covers all the points on HDFC life Click 2 Protect Life. In case you have more questions, please write in the comment box and we will get back to you.