I've ensured that my wife will
never have to adjust! Have you?
A non-linked non-participating term insurance plan
Features #Built2Adjust
Increase life cover
@ key milestones1
(Available only under Life option)
Lumpsum + Monthly
claim settlement2
(Available only under Income Option
and Income Plus option)
Life Cover of
` 1 Crore @ ` 567/month*
1 Only available under life option.
2 Lumpsum + Monthly claim settlement facility is available under Income Option and Income Plus option.
* Premium amount for Regular Pay, Male, Non Smoker, 25 years of age, 30 year policy term and under Income Option, exclusive of taxes and levies as applicable
HDFC Life Click 2 Protect Plus
A non-linked non-participating term insurance plan
Sometimes the simplest choice is the best one for you. A pure protection plan is a simple way
to get a comprehensive protection at an affordable price and protect yourself and your loved
ones against the uncertainties that life may throw at you.
With a range of additional coverage options, HDFC Life Click 2 Protect Plus is an ideal
comprehensive protection plan for you!
What are the key features of this plan?
Comprehensive coverage at affordable cost
Provide financial protection for you and your family
Customize your plan with choice of cover options
- Life Option: which pays lump sum on death
- Extra Life Option: which pays an additional lump sum on death due to accident
- Income option: which pays 10% of the Sum Assured on death with the remaining 90% payable as monthly
income over 15 years
- Income Plus option: which pays the Sum Assured to the nominee upon the death of the life assured as well
as a monthly income to the family for a period of 10 years. A monthly income equal to 0.5% of Sum Assured
becomes payable for a period of 10 years. The monthly income can be level or increasing at a simple rate of
10% p.a. on each policy anniversary.
That’s not all! – With Life Stage Protection feature available under Life Option, you can increase your insurance
cover on certain key milestones of your life without medicals
Insurance cover available up to age 75 years
Single, Limited and Regular premium payment options to choose from
Attractive premium rates for non tobacco users
Tax benefit as per prevailing tax laws
What is the aim of this plan?
This plan provides a benefit amount in the unfortunate event of death of the Life Assured anytime during the policy
term. This amount would help your family to pay any outstanding debts or fund the day to day expenses, thus easing
the financial worries of your family.
What are the plan options?
Plan Option Cover
Life Option Death Benefit
Extra Life Option Death Benefit + Accidental Death Benefit
Income Option 10% of the Death benefit as a Lump sum with the remaining 90% payable in form
of monthly income over a period of 15 years.
Income Plus Option 100% of Sum Assured is paid on death and a monthly income equal to 0.5% of Sum
Assured becomes payable for a period of 10 years. The monthly income can be level
or increasing at a simple rate of 10% p.a. as chosen by the policyholder.
The plan option has to be chosen at inception of the policy and once chosen can’t be changed during the tenure of the policy.
Who can apply?
You can apply if you meet the below eligibility criteria
Age Limits
Minimum Entry Age 18 years
Maximum Entry Age 65 years
Maximum Maturity Age 75 years
All ages mentioned above are age last birthday
What period will I be covered for?
You can choose to be covered for any term from 10 years to 40 years subject to meeting the maximum maturity age.
How long do I pay premiums for?
You can choose to pay from either of the 3 premium paying options available with this plan:
a. Regular pay- you pay premiums throughout the chosen policy term OR
b. Limited pay- you pay premiums for your chosen policy term less 5 years OR
c. Single pay – you pay premium once
What premium payment frequencies are available?
Single, annual, half-yearly, quarterly and monthly* frequencies are available under this product.
*Subject to our prevailing operational rules, it may be required for Monthly Frequency to be taken with ECS/SI and to pay first 3 months premium in advance.
What amount of coverage can I get?
Your cover (Sum Assured) will be based on your age, gender and plan option within the applicable limits as
mentioned below:
• Minimum Sum Assured: ` 25,00,000
There is no limit on maximum Sum Assured, subject to satisfactory underwriting
Is there any Premium limit?
Minimum Annualized Premium: Rs 3000
There is no limit on maximum premium subject to satisfactory underwriting
For frequencies the following modal conversion factors will be made applicable:
Frequency Conversion Factor Frequency Conversion Factor
Annual 1.0000 Quarterly 0.2600
Half yearly 0.5100 Monthly 0.0875
How can I buy this plan?
You can buy this plan at www.hdfclife.com. It just takes 4 steps to own your Click 2 Protect Plus plan.
1 Choose your
Customize 1. Plan Option 2. Sum Assured 3. Policy Term 4. Additional
your plan
Coverage Options 5. Premium Paying Term & Frequency of payment
2
Generate You will need to fill the following to generate premium quote
Premium quote 1. Age 2. Gender 3. Answer if you consume tobacco or not
3 Provide your Fill in your personal details; answer few questions on your occupation,
relevant lifestyle, health and your family’s medical history. You need to fill
information nomination details and accept the policy terms & conditions
4
Pay your premiums! Your policy document will be sent to you subject to
Pay premiums
acceptance of your application as per the policy terms & conditions
What are the benefits?
The plan covers the event of death under all options as mentioned below. An additional benefit is paid in case of
accidental death under Extra Life Option.
Plan also offers an opportunity to enhance your cover through Life Stage Protection Feature under Life Option.
Benefits will be paid only if you have paid all the due premiums and your policy is in force as on date of claim.
1. Death benefit
In the unfortunate event of death of life assured during the policy term, the nominee will receive the benefit as
defined below:
Single Premium Policies Other than Single Premium Policies
Highest of: Highest of:
• 125% of Single Premium • 10 times the annualized premium
• Sum Assured • 105% of all the premiums paid as on date of death
• Sum Assured
For the purpose of the computation of the Death Benefit, the annualized premium shall exclude the underwriting
extra premiums and loadings for modal premiums, if any.
Under Life Option, the Death Benefit specified above shall be payable in the form of a lump sum upon death.
Under Extra Life Option, the Death Benefit specified above shall be payable in the form of a lump sum and an
additional benefit equal to the Sum Assured shall be payable in case of accidental death.
Under Income Option, the Death Benefit specified above is paid in the following manner:
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)
Under 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 a simple rate of 10% p.a. as chosen by the policyholder.
An Accident is a sudden, unforeseen and involuntary event caused by external, visible and violent means. Accidental Death means death by or due to a
bodily injury caused by an Accident, independent of all other causes of death. Accidental Death must be caused within 180 days of any bodily injury.
2. Maturity benefit
No benefit is payable on survival till end of policy term.
3. Life Stage Protection
(Available under Life option upon payment of an additional premium)
You want to be sure you have enough cover as your financial circumstances change as you go on to achieve
different milestones in your life. With Life Stage Protection feature you can
A. Increase your cover (Sum Assured) which will lead to proportional increase in future premiums
B. Reduce the additional cover later which will lead to proportional reduction in future premiums
A. Increase your cover:
You can increase your Insurance Cover without any medicals on any one or all of the following events:
Events2 Additional Sum Assured Subject to maximum
(percentage of Sum Assured) Additional Sum Assured
Marriage 50% `. 50,00,000
st
Birth of 1 child 25% `. 25,00,000
nd
Birth of 2 child 25% `. 25,00,000
2
Occurrence of these events must be during the term of the policy.
• Your premium will be recalculated based on your increased Sum Assured and outstanding policy term.
• See Terms & Conditions section for details.
llustration of Life Stage Protection feature
Joy is a 30 year old professional who has purchased HDFC Life Click 2 Protect Plus with Sum Assured of Rs.10,00,000.
On his marriage, he wants to increase his Sum Assured. He opts for the Life Stage Protection Option and his Additional Sum
Assured is 50% of the Sum Assured i.e. Rs. 5,00,000.
He becomes father after 2 years of marriage and opts to increase his cover. His Additional Sum Assured is increased by 25%
Increase by 25%:
of his Sum Assured i.e. Rs. 2,50,000. `. 2,50,000 on birth of 1st child
Increase by 50%:
`. 5,00,000 on Marriage
Additional Sum Assured of `. 7,50,000 without any medicals!
At various milestones of his life, Joy is able to stay adequately covered - without any medicals!
B. Reduce the Additional Sum Assured
With age as your income is on a rise and as your children become independent, you may realize that you don’t need
Additional Insurance Cover anymore.
We offer you the flexibility to reduce your Additional Insurance Cover after you have attained age of 45 years. Your Sum
Assured will be reset to the original Sum Assured at inception. Your premium will be recalculated based on revised sum
assured for the remainder of the premium paying term.
What if I don’t pay premiums?
Grace Period is the time provided after the premium due date during which the policy is considered to be in-force
with the risk cover. This plan has a grace period of 30 days for yearly, half yearly and quarterly frequencies from the
premium due date. The grace period for monthly frequency is 15 days from the premium due date.
Should a valid claim arise under the policy during the grace period, but before the payment of due premium, we shall
still honor the claim. In such cases, the due and unpaid premium will be deducted from any benefit payable.
In case you do not pay premiums before the end of grace period, the policy will lapse. Risk cover will cease and no
benefits will be payable in case of lapsed policies.
Can I surrender the plan?
You can surrender your policy anytime and get surrender benefit as stated below:
Premium Pay Surrender Value
Life, Extra Life, Income Option and Income Plus Option :
Single pay 70% x Single Premium x (Unexpired Coverage Term / Original Coverage Term ):
Regular pay No surrender value
Limited pay No surrender value
Who will get the benefit?
The benefit on death will be paid to your nominee. As per Section 39 of the Insurance Act, 1938, you can nominate a
person to receive the benefit under this policy.
During your lifetime and while your policy is in force, you may at any time, by written notice to us, designate any
person or persons as a nominee to whom we shall pay benefits under this policy upon your unfortunate death.
If you assign your policy as per Section 38 of the Insurance Act, 1938 any nomination made by you will be cancelled.
What is not covered?
Suicide Clause
In case of death due to suicide, within 12 months from the date of inception of the policy, the nominee of the
policyholder shall be entitled to 80% of the premiums paid.
In case of death due to suicide within 12 months from the date of revival of the policy, the nominee of the policyhold-
er shall be entitled to 80% of the premiums paid post revival.
Exclusions only for Accidental Death Benefit
We will not pay accidental death benefit if the death occurs after 180 days from the date of the accident.
We 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
Terms & Conditions
A. Life Stage Protection: This feature will be available only for a six month 2) Where the nominee is a minor, the policyholder may appoint any person
period from the date of the event and provided the insured person is less to receive the money secured by the policy in the event of policyholder’s
than 45 years of age at the time of opting for this feature. This feature is death during the minority of the nominee. The manner of appointment
available only if you choose Life Option. This feature is available to life to be laid down by the insurer.
assured underwritten as a standard life at the time of inception of the 3) Nomination can be made at any time before the maturity of the policy.
policy. An additional premium will be charged for the increase in Sum 4) Nomination may be incorporated in the text of the policy itself or may be
Assured. The additional premium rate will be based on the attained age endorsed on the policy communicated to the insurer and can be
and the outstanding policy term subject to minimum policy term registered by the insurer in the records relating to the policy.
available at the time of the exercising this feature. This feature is 5) Nomination can be cancelled or changed at any time before policy
available only for regular premium paying policies and not for limited matures, by an endorsement or a further endorsement or a will as the
premium paying or single premium policies. case may be.
6) A notice in writing of Change or Cancellation of nomination must be
B. Tax Benefits: Tax benefits under section 80C of the Income-tax Act, delivered to the insurer for the insurer to be liable to such nominee.
1961, may available to an individual or HUF for the premiums paid subject Otherwise, insurer will not be liable if a bonafide payment is made to the
to the conditions/ limits specified therein. Benefits received under a life person named in the text of the policy or in the registered records of the
insurance policy may be exempt under section 10 (10D) of the insurer.
Income-tax Act, 1961, subject to the conditions specified therein. 7) Fee to be paid to the insurer for registering change or cancellation of a
Please note that the above mentioned tax benefits are as per the current nomination can be specified by the Authority through Regulations.
tax law. Your tax benefit may change if the tax law changes. Consult your 8) A transfer or assignment made in accordance with Section 38 shall
tax advisor for your personal tax liabilities under the Income-tax law. automatically cancel the nomination except in case of assignment to the
insurer or other transferee or assignee for purpose of loan or against
C. Cancellation in a free-look period: In case you are not agreeable to the security or its reassignment after repayment. In such case, the
any policy terms and conditions, you have the option of returning the nomination will not get cancelled to the extent of insurer’s or transferee’s
policy to us stating the reasons thereof, within 15 days from the date of or assignee’s interest in the policy. The nomination will get revived on
receipt of the policy. The free-look period for policies purchased through repayment of the loan.
distance marketing/Online (specified below) will be 30 days. On receipt 9) The provisions of Section 39 are not applicable to any life insurance
of your letter along with the original policy documents, we shall arrange policy to which Section 6 of Married Women’s Property Act, 1874 applies
to refund you the premium, subject to deduction of the proportionate or has at any time applied except where before or after Insurance Laws
risk premium for the period on cover, the expenses incurred by us on (Amendment) Act 2015, a nomination is made in favour of spouse or
medical examination if any and stamp duty. A policy once returned shall children or spouse and children whether or not on the face of the policy it
not be revived, reinstated or restored at any point of time and a new is mentioned that it is made under Section 39. Where nomination is
proposal will have to be made for a new policy. intended to be made to spouse or children or spouse and children under
Distance Marketing refers to insurance policies sold over the telephone or Section 6 of MWP Act, it should be specifically mentioned on the policy. In
the internet or any other method that does not involve face-to-face selling. such a case only, the provisions of Section 39 will not apply.
D. Discontinuance of Premiums: If the due premium is not paid by the end G. Assignment or Transfer
of the grace period for regular and limited pay policies, the policy shall 1) This policy may be transferred/assigned, wholly or in part, with or
lapse without value and the policy benefits shall cease. without consideration.
2) An Assignment may be effected in a policy by an endorsement upon the
E. Revival: You can revive your lapsed policy within 2 consecutive years of policy itself or by a separate instrument under notice to the Insurer.
lapsation subject to the terms and conditions we may specify from time 3) The instrument of assignment should indicate the fact of transfer or
to time. Once the policy is revived, you are entitled to receive all assignment and the reasons for the assignment or transfer,
contractual benefits. antecedents of the assignee and terms on which assignment is made.
4) The assignment must be signed by the transferor or assignor or duly
F. Nomination: authorized agent and attested by at least one witness.
1) The policyholder of a life insurance on his own life may nominate a person 5) The transfer or assignment shall not be operative as against an Insurer
or persons to whom money secured by the policy shall be paid in the event until a notice in writing of the transfer or assignment and either the said
of his death. endorsement or instrument itself or copy there of certified to be correct by
both transferor and transferee or their duly authorized agents have been or the date of revival of the policy or the date of the rider to the policy,
delivered to the Insurer. whichever is later.
6) Fee to be paid for assignment or transfer can be specified by the Authority 2) A policy of life insurance may be called in question at any time within three
through Regulations. years from the date of issuance of the policy or the date of commencement
7) On receipt of notice with fee, the Insurer should Grant a written of risk or the date of revival of the policy or the date of the rider to the policy,
acknowledgement of receipt of notice. Such notice shall be conclusive whichever is later, on the ground of fraud: Provided that the insurer shall
evidence against the insurer of duly receiving the notice. have to communicate in writing to the insured or the legal representatives
8) The Insurer may accept or decline to act upon any transfer or assignment or or nominees or assignees of the insured the grounds and materials on which
endorsement, if it has sufficient reasons to believe that it is (a) not bonafide such decision is based.
or (b) not in the interest of the policyholder or (c) not in public interest or (d) 3) Notwithstanding anything contained in sub-section (2), no insurer shall
is for the purpose of trading of the insurance policy. repudiate a life insurance policy on the ground of fraud if the insured can
9) In case of refusal to act upon the endorsement by the Insurer, any person prove that the mis-statement of or suppression of a material fact was true to
aggrieved by the refusal may prefer a claim to IRDAI within 30 days of receipt the best of his knowledge and belief or that there was no deliberate
of the refusal letter from the Insurer. intention to suppress the fact or that such mis-statement of or suppression
Section F (Nomination) and G (Assignment or Transfer) are simplified of a material fact are within the knowledge of the insurer: Provided that in
versions prepared for general information only and hence are not case of fraud, the onus of disproving lies upon the beneficiaries, in case the
comprehensive. For full texts of these sections please refer to Section 38 policyholder is not alive.
and Section 39 of the Insurance Act, 1938 as amended by The Insurance 4) A policy of life insurance may be called in question at any time within three
Laws (Amendment) Act, 2015. years from the date of issuance of the policy or the date of commencement
of risk or the date of revival of the policy or the date of the rider to the policy,
whichever is later, on the ground that any statement of or suppression of a
H. Alterations: Policy term and premium paying term cannot be altered. fact material to the expectancy of the life of the insured was incorrectly
Premium payment frequency can be altered. made in the proposal or other document on the basis of which the policy was
issued or revived or rider issued: Provided that the insurer shall have to
I. Policy Loan: No policy loans are available. communicate in writing to the insured or the legal representatives or
nominees or assignees of the insured the grounds and materials on which
J. Section 41 of the Insurance Act, 1938 as amended from time to time such decision to repudiate the policy of life insurance is based: Provided
states: further that in case of repudiation of the policy on the ground of
1) No person shall allow or offer to allow, either directly or indirectly, as an misstatement or suppression of a material fact, and not on the ground of
inducement to any person to take or renew or continue an insurance in fraud, the premiums collected on the policy till the date of repudiation shall
respect of any kind of risk relating to lives or property in India, any rebate of be paid to the insured or the legal representatives or nominees or assignees
the whole or part of the commission payable or any rebate of the premium of the insured within a period of ninety days from the date of such
shown on the policy, nor shall any person taking out or renewing or repudiation.
continuing a policy accept any rebate, except such rebate as may be allowed 5) Nothing in this section shall prevent the insurer from calling for proof of age
in accordance with the published prospectuses or tables of the insurer: at any time if he is entitled to do so, and no policy shall be deemed to be
called in question merely because the terms of the policy are adjusted on
Provided that acceptance by an insurance agent of commission in
subsequent proof that the age of the life insured was incorrectly stated in
connection with a policy of life insurance taken out by himself on his own life
the proposal.
shall not be deemed to be acceptance of a rebate of premium within the
meaning of this sub-section if at the time of such acceptance the insurance
L. Taxes and levies as applicable will be charged and are payable by you by any
agent satisfies the prescribed conditions establishing that he is a bona fide
method including by levy of an additional monetary amount in addition to
insurance agent employed by the insurer.
premium and or charges.
2) Any person making default in complying with the provisions of this section
M. In case of fraud or misrepresentation including non-disclosure of any material
shall be liable for a penalty which may extend to ten lakh rupees.
facts, the Policy shall be cancelled immediately and the Surrender Value shall
be payable, subject to the fraud or misrepresentation being established in
K. Non-Disclosure: Section 45 of the Insurance Act, 1938 as amended from
accordance with Section 45 of the Insurance Act, 1938.
time to time states:
1) No policy of life insurance shall be called in question on any ground
whatsoever after the expiry of three years from the date of the policy, i.e.,
from the date of issuance of the policy or the date of commencement of risk
Contact us today
To buy: 1800-266-9777 (Toll free)
(Available all days 10am to 7pm)
Visit us at www.hdfclife.com
HDFC Life Insurance Company Limited (Formerly HDFC Standard 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: [email protected], 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 Plus (UIN No: 101N101V02, Form No: P501-123-01) is a non-linked non-participating term insurance plan. Life Insurance Coverage is available in this
product. This version of the Product brochure invalidates all previous printed versions for this particular plan. This Product brochure is indicative of the terms, warranties, conditions
and exclusions contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the
insurer. ARN: MC/06/2017/9907.
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
● 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.
