HDFC Life Click 2 Protect Term Plan

HDFC Life Click 2 Protect Plan is a term insurance plan which can be purchased online. This protection plan pays a lump sum amount to the nominee in the event of death of the polidy holder. This is a pure risk protection plan and is available for online purchase without any agent intervention.

Like all other Pure Term Plans, HDFC Life Click 2 Protect pays benefit amount on the death of the policyholder. If the life insured dies within the policy term, then his/her nominee gets the agreed sum assured.
HDFC Life Insurance has recently launched Click2Protect 3D Plus - their new online term plan which offers protection against 3D's - Death, Disability and Disease. Click here to know more.

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• Very high claim settlement ratio - over 95.54%*
• Covers all types of death - including death due to terrorist attack / heavy downpour
• No medicals up to a cover of Rs.75 lakh^
• Over 1 lakh families secured through Click2Protect

* Company records (for individual and group plans) as on 31st July, 2013.
* A life cover of 75 lakhs without the hassles of a medical test for age less than 40(Company reserves the right to call for medical tests based on information submitted and subsequent under writing assessment)
 

• Death Benefit – In case of death of the policyholder / life assured during the policy term, the nominee shall receive the chosen Sum Assured.
• Maturity Benefit – There is no maturity benefit, survival benefit or paid-up value under HDFC Life Click 2 Protect as it is a pure term plan.
• Income Tax Benefit – Premiums paid under a Life Insurance premiums are exempted from taxable income up to Rs. 1,00,000 under section 80c. Amount paid to nominee is also tax-free according to section 10(10D) of the Income Tax Act.

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 25 years

Riders – There are no riders available under HDFC Life Click 2 Protect Term Plan

• You stop paying the premium - If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period. The policy shall lapse without value.
• You want to revive a lapsed policy – A policy which has lapsed due to discontinuance of premiums can be revived subject to certain terms and conditions as follows –
• Application for revival must be made within 2 years from the date of lapse and before the completion of the policy term
• All due and unpaid premiums shall be payable with the interest thereon. Such rate of interest on late payment of premiums shall be determined by the company from time to time.
• The company may carry out fresh underwriting upon revival and may require the life insured to undergo fresh medical examinations.
• You want to surrender the policy – There are no surrender benefits under this plan
• You want a loan against your policy – There is no Loan facility available under this policy.
• You want to alter the sum assured or policy term – The sum assured or policy term cannot be altered under this policy.