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HDFC Life Click 2 Protect Plus

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HDFC Life Click 2 Protect Plus Review

HDFC Life Click 2 Protect Plus is a pure term insurance which gives a large amount of life cover for really low premiums. The policy also offers added features such as 1) option to increase cover on milestones such as marriage and child birth, 2) Accidental Death Benefit rider and 3) Taking the payout as lumpsum + monthly claim settlement.

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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Key Features of HDFC Life Click 2 Protect Plus

  • Policy term from 10 to 40 years
  • Option to take death benefit amount as lumpsum or as a monthly income over 15 years
  • Choice of Accidental Death Benefit Rider
  • Tax benefits under sections 80C and 10(10D) of the Income Tax Act 1961


4 Options under HDFC Life Click 2 Protect Plus

Plan Options Description of Cover
Life Option Lump sum payout of Death Benefit
Extra Life Option
(Accidental Death Benefit)
Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to accident.
Income Option Part of Sum Assured payable on death and the remaining payable as monthly income for 15 years
Income Plus Option Sum Assured paid on death & monthly income paid for next 10 years. The monthly Income can be chosen as Level or Increasing at 10% p.a.



Benefits of HDFC Life Click 2 Protect Plus

A) Maturity
This is a pure protection plan which pays the benefit amount only on the death of the policyholder. There is no maturity benefit in this plan.
B) Death
In case of the unfortunate demise of Life Assured, the insurance company will pay the benefit as defined below to the nominee:
  • Single Premium Policy: Higher of :
    • 125% of Single Premium
    • Sum Assured
  • Regular Premium Policy: Higher of :
    • 10 times the annualized premium
    • 105% of all the premiums paid as on date of death
    • Sum Assured
  • Life Option: The death benefit specified above is paid as lump sum on death.
  • Extra Life Option(Accidental Death Benefit): In addition to the death benefit mentioned above an additional benefit equal to Sum Assured is payable in case of death due to accident
  • Income Option:
    • 10% of the Death Benefit paid as a lump sum upon death
    • Remaining 90% of the Death Benefit shall be paid as monthly income over next 15 years (0.5% of Death Benefit every month for 15 years)
  • Income Plus Option:
    • 100% of the Death Benefit specified above shall be paid as a lump sum upon death
    • In addition, a monthly income equal to 0.5% of the Sum Assured shall be payable for a period of 10 years.
    • The monthly income can be level or increasing at 10% p.a. as chosen by the policyholder
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)

Eligibility conditions and other restrictions in HDFC Life Click 2 Protect Plus Plan

  Minimum Maximum
Sum Assured (in Rs.) 25,00,000 No Limit
Policy Term (in years) 10 40
Premium Payment Term (in years) Regular, Limited or Single
Entry Age of the Life Insured (in years) 18 65
Maturity Age (in years) 28 75
Payment Modes Yearly, Half-yearly, Quarterly or Monthly

Additional Features and Benefits of HDFC Life Click 2 Protect Plus

  • Accidental Death Benefit Rider-Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to accident
  • Life Stage Protection Feature-Under Life Stage Protection Feature you have an option to Increase your Insurance Cover on certain key milestones of your Life like Marriage, Child Birth without fresh medical test



You can surrender the policy anytime and get surrender benefit stated as below:
Premium Pay Surrender Value
Single Pay Life, Extra Life Income Option and Income Plus Option:
70% x Single Premium x (Unexpired Coverage Term / Original Coverage Term)
Regular Pay No Surrender Value
Limited Pay No Surrender Value
  • Loans:No loans available on the policy
  • Suicide Clause:In case of death due to suicide within 12 months from the date of inception of the policy or from the date of the revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to 80% of the premiums paid.


  • The Company will not pay accidental death benefit if the death occurs after 180 days from the date of the accident.
  • The Company will not pay accidental death benefit, if accidental death is caused directly or indirectly by any of the following:
    • If the death occurs after 180 days from the date of the accident
    • Intentionally self-inflicted injury or suicide, irrespective of mental condition
    • Alcohol or solvent abuse, or the taking of drugs except under the direction of a registered medical practitioner
    • War, invasion, hostilities (whether war is declared or not), civil war, rebellion, revolution or taking part in a riot or civil commotion
    • Taking part in any flying activity, other than as a passenger in a commercially licensed aircraft
    • Taking part in any act of a criminal nature with criminal intent
    • Taking part or practicing for any hazardous hobby, pursuit or race unless previously agreed to by us in writing
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