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(A Non-Linked, Non-Participating, Individual, Pure Risk Premium/Savings Life Insurance Plan)

(UIN: 101N139V01)

It is an intelligent term plan that provides benefits as per your altering lifestyle and life stage needs and helps you stay truly protected.

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key attractions

Auto Balances Death & Critical Illness Cover1

Auto balances Death and Critical Illness benefits with increasing age

Income payout from age 60 onwards2

Get income payouts from age 60 onwards under Income Plus Option

Option to choose from 3 plan options

Choose a cover which as per the need from 3 Plan options

Eligibility

 

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 of Life

70 years

Whole of Life

Max. Age at Maturity

75 years

85 years

Whole of Life

85 years

Whole of Life

Min. Policy Term

10 years

Single Pay: 1 month

Regular Pay: 5 years

Limited Pay: 6 years

Whole of Life

70 years – Age at Entry

Whole of Life

Max. Policy Term

30 years

85 years – Age at Entry

Whole of Life

40 years

Whole of 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

INR 20,00,000

INR 50,000

Max. Basic Sum Assured

No limit, subject to Board Approved Underwriting Policy (BAUP)

All ages are expressed as on last birthday. For all ages, risk commences from the date of inception of the contract.

Benefits

1. Life & CI Rebalance

Under this plan option, Basic Sum Assured chosen by you will be split between Life Cover SA and Critical Illness SA (CI SA).

At the beginning of the cover, Life Cover SA is set at 80% of Basic Sum Assured and CI SA is set at 20% of Basic Sum Assured. For an in-force policy, at every policy anniversary, starting from the first policy anniversary, CI SA will increase every year and Life Cover SA will decrease by the same amount. This amount will be calculated as follows:

30% x Basic Sum Assured ÷ Policy Term

Basic Sum Assured (Life Cover SA + CI SA) will remain the same throughout the policy term.

Once a Critical Illness claim is made, the Life Cover SA will be fixed at the then applicable level and the same SA will continue until the end of policy term.

Death Benefit:

“Death Benefit” is payable as a lump sum to your Nominee if you, the Life Assured die during the policy term. 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 other than Single Pay (Limited Pay and Regular Pay) is the higher of:

  • 10 times of the Annualized Premium

  • Sum Assured on Maturity

Benefit on diagnosis of Critical Illness:

On diagnosis of any of the covered critical illnesses, the applicable Critical Illness (CI) SA at the time of diagnosis of the disease, will be payable to you.

In addition, all future premiums payable under the plan will be waived off and the life cover continues.

Maturity Benefit:

On survival until Maturity, Sum Assured on Maturity will be payable.

Sum Assured on Maturity will be equal to the Total Premiums Paid if ROP benefit is selected, Nil otherwise.

Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits are payable.

 

2. Life Protect

Under this plan option, you are covered for death during the policy term. In case of your unfortunate demise during the policy term, your nominee gets a lump sum benefit.

Death Benefit:

“Death Benefit” is payable as a lump sum to your Nominee if you, the Life Assured die during the policy term. 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 other than Single Pay (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 until Maturity, Sum Assured on Maturity will be payable.

Sum Assured on Maturity will be equal to the Total Premiums Paid if ROP benefit is selected, Nil otherwise.

Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits are payable.

 

3. Income Plus

This option provides you with a life cover for the chosen policy term and regular monthly income from age 60 onwards along with a lump sum payout on maturity. Monthly income of 0.1% of the Basic Sum Assured shall be paid in arrears, starting from the policy anniversary following your 60th birthday and continues until your death or policy maturity, whichever occurs earlier.

Death Benefit:

“Death Benefit” is payable as a lump sum to your Nominee if you, the Life Assured die during the policy term. It is the higher of:

  • Sum Assured on Death

  • 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

  • Sum Assured on Maturity

  • Basic Sum Assured

Sum Assured on Death for other than Single Pay (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, following policy anniversary after your attaining age 60 years, until death or end of the policy term, whichever occurs first.

Maturity Benefit:

For Fixed Term:

On Survival until Maturity, Sum Assured on Maturity will be payable.

Sum Assured on Maturity will be equal to Max (110% of Total Premiums Paid less total Survival Benefits paid out, 0)

For Whole Life: NIL

Upon the payment of death or maturity benefit as above, the policy terminates and no further benefits are payable.

Add-on benefits available under the Product:

  1. Return of Premium (ROP) option

If you choose this plan option, you will have to pay an additional premium over and above the premium payable for the base plan option chosen and you will receive a return of 100% of the Total Premiums Paid as a lump sum, upon survival until maturity.

This option will be available only with Life & CI Rebalance and Life Protect (Fixed Term) options.

  1. Waiver of Premium on CI (WOP CI) Option

If you choose this add-on option, all future premiums payable under the plan will be waived, if you, the life assured are diagnosed with any of the covered critical illnesses.

This option will be available only where PPT is at least 5 years and Life Protect Option with Fixed Term is selected.

An additional premium (over and above the premium payable for the base plan) will be payable if this add-on option is chosen.

  1. Accidental Death Benefit (ADB) Option

If you choose this add-on option, an additional amount equal to 100% of Basic Sum Assured will be payable to the Nominee on your (Life Assured’s) death due to accident during the policy term. This option will be available only where 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.

  1. Alteration of premium payment frequency

You have an option to alter the premium payment frequency during the premium payment term.

  1. Option to reduce Premium Payment Term from Regular Pay to Limited Pay

You also have an option to convert the outstanding regular premiums into any limited premium period available under the plan options.

Payment Options

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

Half-yearly

₹ 105

Quarterly

₹ 53

Monthly

₹ 18

Premium will vary depending on the plan option chosen.

For non-annual modes, premiums paid are calculated as: annual premium multiplied by a conversion factor as given below:

Frequency

Conversion Factor

Half-yearly

0.5100

Quarterly

0.2600

Monthly

0.0875

Please refer to product brochure for more details.

How Does It Work?

HDFC Life C2P Life – Life & CI Rebalance option

Mr. Xavier, a 45 years old gentleman, buys the Life & CI Rebalance option of HDFC Life Click 2 Protect Life for a policy term of 20 years, regular pay, and avails a basic sum assured of INR 1,00,00,000. He pays a premium of INR 64,700 annually.

He is diagnosed with a Critical Illness in the 7th policy year. His future premiums are waived off and he receives INR 29,00,000 as lump sum Critical Illness benefit. His Life Cover SA is now fixed at INR 71,00,000.

Mr. Xavier passes away in the 13th policy year. His nominee will receive a lump sum death benefit of INR 71,00,000.

Total Premiums Paid: INR 4,52,900

 

HDFC Life C2P Life – Life Protect option

Mr. Bansal, a 35 years old gentleman, buys the Life Protect Option of HDFC Life Click 2 Protect Life for a policy term of 40 years, regular pay, and avails a level cover of INR 1,00,00,000 by paying a premium of INR 15,997 annually.

Mr. Bansal passes away in the 7th policy year. His nominee will receive a lump sum benefit of INR 1,00,00,000.

Total Premiums Paid: INR 1,11,979

 

HDFC Life C2P Life-  Income Life option

Mr. Singh, a 45 years old gentleman, buys the Income Life option of HDFC Life Click 2 Protect Life with premium payment term of 5 years and coverage for Whole of Life and avails a Basic Sum Assured of INR 1,00,00,000. He pays a premium of INR 3,91,414 annually.

He starts receiving regular monthly income of INR 10,000 from the start of 16th policy year (after attaining age 60 years).

He passes away in the first month of 20th policy year. His nominee will receive a lump sum death benefit of INR 95,20,000.

Total Premiums Paid: INR 19,57,070

Disclaimer

1Available under Life & CI Rebalance Option only. Critical IIlness cover increases at each policy anniversary with corresponding reduction in Life Cover.

2Available under Income Plus option. Monthly income payout start from the policy anniversary following 60th birthday of the Life Assured and continue until death or policy maturity

HDFC Life Insurance Company Limited(“HDFC Life”). CIN: L65110MH2000PLC128245. IRDAI Registration No. 101.

 Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011.

Email: service@hdfclife.com, Tel. No: 1860 267 9999 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website: www.hdfclife.com

The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.

HDFC Life Click 2 Protect Life (UIN: 101N139V01) is a non-linked, non-participating, individual, pure risk premium/savings plan term insurance plan. Life insurance coverage is available in this product. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer.

For details on risk factors, associated terms, conditions and exclusions, please read the sales brochure carefully before concluding the sale.

Yes Bank is the Corporate Agent (IRDAI Reg. No. CA0125) of HDFC Life. Purchase of life insurance policy is voluntary. ARN: BA/01/21/22253

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.

Public receiving such phone calls are requested to lodge a police complaint.

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  • HDFC Life Click 2 Protect Life - Premium Chart
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