HDFC Life Click2Invest is a unit-linked insurance plan (ULIP) which offers zero premium allocation and policy administration charges. This is an online plan which can be purchased directly from the company’s website.
Key Features of HDFC Life Click2Invest
Zero Premium allocation charge - 100% of premiums are invested
Zero Policy administration charge
8 fund options to choose from
Flexibility to choose your policy term from 5 to 20 years
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Benefits of HDFC Life Click2Invest
If the policyholder survives till the end of policy term, then he/she will receive the Fund Value as Maturity Benefit.
In case of the Life Assured’s unfortunate demise, we will pay to the nominee the highest of the following:
1) Sum Assured,
2) Fund Value,
3) 105% of the premium(s) paid.
The policy will terminate thereafter and no more benefits will be payable.
C) Income Tax Benefit
Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C. The maturity amounts you receive from this plan are exempt from tax under section 10(10D)
Charges in HDFC Life Click2Invest
Premium allocation charge – Nil. 100% of your premiums are invested. Policy administration charge – Nil Fund Management Charge – 1.35% p.a. of the fund value charged daily. Mortality Charge – levied every month for providing you with the death benefit in your policy. This charge will be taken by cancelling units proportionately from each of the fund(s) you have chosen Discontinuance charge – Nil. Please note it is always advisable to pay premiums for the full premium paying term and stay invested for the full policy term in order to enjoy maximum benefits.
Eligibility conditions and other restrictions in HDFC Life Click2Invest
Policy Term (in years)
Premium Payment Term (in years)
Regular, Limited or Single
Entry Age of the Life Insured
Yearly, Half-yearly, Quarterly, Monthly or Single
Sum Assured - Single Premium
125% of Single Premium
Sum Assured - Regular and Limited Premium (Age <= 55 years)
10 x Annualised Premium
Sum Assured - Regular and Limited Premium (Age > 55 years)