HDFC Life Click2Protect Plan

HDFC Life Click2Protect is a level term insurance plan. The Plan is a pure protection plan that is designed to cover the life of the insured and provide for a lump-sum benefit in case the life insured dies. The plan is an online term plan.

There is no survival benefit associated with this plan which pays out the sum assured to the nominee in the event of the death of the policyholder. The plan currently offers no additional rider options.

Key Features of HDFC Life Click2Protect Plan

• Pure Term Insurance Plan that provides risk protection
• Policy Term upto 30 years subject to maximum age at maturity under the plan

Summary of Eligibility & Benefits for HDFC Life Click2Protect Plan

Benefits of the HDFC Life Click2Protect Plan

• Death Benefit: In case of death of the Life Assured, the nominee would receive the Sum Assured.
• Income Tax Benefit: Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C.

Sample Illustration of Premiums in HDFC Life Click2Protect Plan (Rs.)

Other Features & Riders in HDFC Life Click2Protect Plan

Maturity Value: The contract does not acquire any maturity value, therefore no amount is payable to the Policyholder on maturity.

Lapse & Reinstatement: If premiums are not paid before the expiry of the 30 day grace period from the premium due date, the policy will lapse. If the Policyholder fails to reinstate a policy within this two year period from the premium due date, the policy will terminate. On reinstatement, all outstanding premiums, without interest will be payable.

i-save Ratings for HDFC Life Click2Protect Plan

Aviva i-life

Aegon Religare i-Term

ICICI Prudential iCare

FG Smart Life

Freelook Cancellation

Under the Insurance Regulations, Policyholders have the right to examine the Policy Terms and Conditions on receipt. When you receive the Policy document, you will also receive with it your Policy Schedule, Policy Terms & Conditions and the Illustration of Benefits. Please check these carefully to ensure that you have fully understood the terms of the Policy you have purchased and agree with the Benefits specified in the Schedule and Illustrations.

You have the right to return the Policy within 15 days of receipt in case you do not agree with any of the Terms. The Insurer is obliged to return your Premium Paid less deduction towards Stamp Duty paid and Medical expenses (if applicable)

Grace Period

You are allowed to pay premiums within 30 days from the premium due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the insurance cover will be ceased.

Disclaimer

The information provided here is based on the HDFC Life Click2Protect Brochure and various data as published by HDFC Life Life Insurance in its public disclosures. Any information on Ratings are based on our proprietary research & ratings methodology. The i-save Ratings are not financial advice and are not meant to replace information provided by HDFC Life Life Insurance or by your investment / insurance advisor

Please refer to our Disclosures and Disclaimers for details. Please visit the Methodology page to see more on the i-save rating methodology