Click 2 Protect Life HDFC Life Insurance

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Life is filled with many uncertainties that one doesn’t have any control over. However, safeguarding the interests of family members and loved ones is something that can easily be done. This is where the HDFC Life Click 2 Protect Life plan comes into play, offering efficient and pure protection for the insured and beneficiaries. It is a comprehensive term insurance policy designed to meet the evolving life stages and financial needs of each individual.

HDFC Life Insurance plans offer a wide range of life insurance plans that come with a high sum assured at affordable premiums. Let’s learn more about HDFC Life Click 2 Protect Life.

Highlights of Click 2 Protect Life HDFC Life Insurance

Claim settlement Ratio - 99.5 %

Tax Benefits - Available as per prevailing tax laws

Critical Illness Coverage - Available for 36 critical illnesses listed in the policy

Accidental death benefit - Available as an Additional Sum Assured

Comprehensive financial protection for the insured and family.

Three plan options.

Income payout from age 60 onwards.

Auto-rebalance of death and critical illness benefits with increasing age.

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HDFC Life Click 2 Protect Life: Highlights

Take a look at the HDFC Life Click 2 Protect Life plan highlights for a better understanding:

Particulars	Details
Policy Name	HDFC Life Click 2 Protect Life
Insurance Company	HDFC Life Insurance Company Ltd
Policy Type	Life and CI Rebalance Life ProtectIncome Plus
Benefits	A wide array of benefits, like: Sum Assurance Death BenefitMaturity BenefitCritical Illness Benefit
Additional Benefits	Choose from multiple add-ons like: Term Return of Premium (ROP) Waiver of Premium on Critical Illness (WOP CI)Accidental Death Benefit (ADB)Alternation of Premium Payment Frequency
Claim Settlement Ratio	99.50% for the financial year 2023-2024.

Wish to Enhance Your Coverage? Take a Look at the Riders Available

The HDFC Life Click 2 Protect Life is designed to offer coverage for the changing needs of every individual. However, if you wish to enhance the coverage according to your needs and your family, you can offer the following riders:

Add-Ons	Details
HDFC Life Income Benefit on Accident Disability Rider - Non Linked	This is a non-linked and non-participating/participating rider plan. Under this: No Claim Bonus starting from 10% of the SI upto 100%, per annum. Health Check-Up Program, once a year.
HDFC Life Protect Plus Rider - Non Linked	This is a non-linked, non-participating/participating, individual life/health rider plan. Under this If the insured dies due to an accident or partial/total disability because of an accident or is diagnosed with cancer, a benefit as a portion of the rider's sum assured is provided. There is no maturity benefit under this rider.
HDFC Life Health Plus Rider - Non Linked	This is a non-link, non-participating/participating, individual health rider plan. Under this If the insured is diagnosed with any of the listed 60 critical illnesses, a lump sum benefit equivalent to the rider sum assured is provided or If the insured is diagnosed with early-stage cancer/major cancer, then a lump sum benefit equivalent to the rider sum assured is provided. There is no maturity benefit under this rider.
Additional Benefits	There is a wide range of add-ons, including: Term Return of Premium (ROP) Waiver of Premium on Critical Illness (WOP CI) Accidental Death Benefit (ADB)Alternation of Premium Payment Frequency

Features and Benefits of HDFC Life Click 2 Protect Life

The HDFC Life Click 2 Protect Life is an effective and reliable life insurance plan designed to meet the ever-evolving needs of every individual. Let’s take a look at the features and benefits of HDFC Life Click 2 Protect Life that will help you make an informed decision:

Plan for Every Individual

One of the key reasons to invest in the policy is that it offers three plan options, each designed to meet the needs of every individual.

Life and Critical Illness Rebalance :This plan provides both death and critical illness benefits. Under this, the future premiums are waived off if the insured is diagnosed with a critical illness and the life cover continues.
Life Protector:This is a pure life protection plan that provides a lump sum payment in the event of the insured's untimely demise during the policy tenure.
Income Plus:Under this plan, in addition to the death benefit and maturity benefit, the insured can receive a regular income starting at the age of 60.

Additional Benefits for Customisation

When it comes to choosing a life insurance plan, one size doesn’t fit all. This is why the policy offers multiple additional benefits and riders that individuals can add to their existing plan. Some of the additional benefits offer coverage for accidental disability, waiver of premium on critical illness, accidental death benefits, and more.

Pure Life Protection

A life insurance plan doesn’t have to be complex. The sole purpose of purchasing a life insurance plan is to provide life protection, and through the Life Protect policy, individuals can be assured that their loved ones' financial needs will be taken care of even when they are not around. A life protection option under the policy includes:

One-time lump sum payment on the demise of the insured.
An option to choose the term cover for a limited tenure or for the whole life.
An option to reduce the premium payment frequency during the premium payment term.

High Claim Settlement Ratio

The last thing you want is for your loved ones to struggle to get their claims settled under the plan. The HDFC Life has reported a claim settlement ratio of 99.50%. This suggests that the likelihood of settling the claims is exceptionally high.

HDFC Life Click 2 Protect Life: What is Covered?

The HDFC Life Click 2 Protect Life is carefully curated to offer financial protection to the insured and their family in times of need. Let’s take a look at the coverage offered under different policy types:

Life and Critical Illness Rebalance

Sum Assured:Under this policy type, the insured is provided with a life cover sum assured and a critical illness sum assured.
Death Benefit:If the insured dies during the plan's tenure, the beneficiary is provided a lump sum payment.
Maturity Benefit :If the insured survives the tenure, the sum assured is provided on maturity.
Critical Illness Benefit:If the insured is diagnosed with any of the listed critical illnesses, then the applicable sum assured is provided. Additionally, upon diagnosis, all future premiums payable are waived off, and the life cover continues.

Life Protect

Death Benefit:If the insured dies during the policy's tenure, a death benefit in the form of a lump sum payment is provided to the beneficiary.
Maturity Benefit:If the insured survives the policy tenure, then the maturity benefit is provided.

Income Plus

Death Benefit:If the insured dies during the policy tenure, then a lump sum payment is provided to the beneficiary.
Maturity Benefit:If the insured survives the policy tenure, then a maturity benefit is payable.
Survival Benefit:If the insured survives the policy tenure and all the due premiums are cleared, then an income equal to 0.1% of the basic sum assured is payable at the end of every month. The survival benefit is applicable only once the insured has attained the age of 60 years.

HDFC Life Click 2 Protect Life: What is Not Covered?

Please note that HDFC Life Click 2 Protect Life does not cover certain exclusions, which you should be aware of. Take a look at the exclusions under the plan:

Suicidal Claims

If the insured dies due to suicide, the beneficiary is not eligible to raise claims for regular death or maturity benefits.

Age Admitted

If the insured provides an incorrect age at the time of policy purchase, benefits under any of the three policies are not provided.

Exclusions for Accidental Death Benefit

Accidental death benefits are not provided if the death is caused by:

An injury that occurred before the risk commencement date.
Suicide, attempted suicide or self-inflicted injury.
Use of substances or alcohol.
Participating in adventurous or hazardous sports.
Services in the military, air force, navy, and police.
Violation or attempted violation of the law.
War or war-like situations.

Pros & Cons Click 2 Protect Life HDFC Life Insurance

The plan offers comprehensive monetary protection to the insured and his/her family members

The plan comes with 3 coverage options to pick and choose from

The plan auto balances death and HDFC Life critical illness benefit with age

The insured can get income payouts from 60 years onwards under Income Plus Option of the plan

There is also the option to avail cover for Whole Life under this plan

Suicide or attempted suicide or any injury that is intentionally inflicted is not covered

Injury occurred before the risk commencement date is not covered

Nuclear reaction, Radioactive or chemical contamination due to nuclear accident etc. are not covered

Coverage is not offered if the life assured participates in any criminal or unlawful act with criminal intent or for breach of law

Diagnosis and treatment of critical diseases outside India is also not covered

Our Verdict

HDFC Life Click 2 Protect Life is a smartly designed life insurance plan that offers high sum assured, death benefits, maturity benefits, survival benefits, and a long list of riders and add-ons to customise the plan according to every individual’s needs. Remember that when choosing a life insurance plan, it is essential to evaluate the inclusions and exclusions to avoid any confusion.

If you haven’t already purchased a reliable life insurance plan, then head straight to the official portal of Paybima to explore the best option and make a seamless purchase.

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Click 2 Protect Life HDFC Life
Insurance Company

HDFC Life Insurance Company was established in the year 2000 when the life insurance business was liberalized in India. Today, HDFC Life Insurance Company works as a joint venture between two reputed names in the financial sector – HDFC Limited, the largest housing finance company in India, and Standard Life Aberdeen which is an international investment company. HDFC Life Insurance Company is a reputed name in the Indian life insurance sector. The company offers a range of insurance solutions that cater to the varied financial needs of individuals as well as its corporate clients.

Founded in

2000

Number of Claims

24+ Lakh

Number of Policies

6.6 crore lives covered

Turnover (GWP)

63,076 Crores

JV Partners

HDFC Limited and Abrdn plc.

Claims Experience

Claims Experience Rating 4.7

% of claims settled in less than 30 days
Reflects on the speed of settling valid claims

97.78%

% of Complaints received on overall claims
% customers unhappy with claims experience

Less

Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?

99.5%

Benefits of Click 2 Protect Life HDFC Life Insurance

Key Benefits
Death benefit	Sum assured or 105% of total premium paid.
Maturity benefit	Sum assured on maturity.
Other Benefits
Additional Rider Benefits	Many added riders are available.
Accidental benefit	Nominee will get an additional benefit.
Premium option
Return of Premium (ROP) option	Paid on ROP as a maturity amount.
Waiver of premium option	For listed critical illness.

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There are 3 plan options available with this product namely: ~ Life Protect Option ~ Life & CI Rebalance Option ~ Income Plus Option

There are 36 critical illnesses covered under this plan.

No, plan option that is chosen once while buying the policy cannot be changed throughout the term of the policy.

Single, annual, half-yearly, quarterly and monthly frequencies are available under this plan for paying premium.

Under the policy, you are required to pay a premium either single, annually, quarterly, half-yearly or monthly. Additionally, you can opt for an add-on that allows you to change the premium payment frequency even during the policy tenure.

Under this policy, there are three plan options: Life and CI Rebalance, Life Protect and Income Plus.

The death benefit is a lump sum payment made to the beneficiary in the event of the insured's untimely demise during the policy term. A maturity benefit is a benefit provided to the insured if they survive the policy tenure.