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HDFC Life Click2 Protect Elite plan is the perfect term plan that is designed to protect your loved ones financially in case of your uncertain demise. With the Smart Exit Benefit option, you can get all your premiums back if your policy tenure is greater than 30.
This plan offers a range of benefits including the option to change payment frequency, surrender value, policy revival, free-look period to understand policy terms, grace period to avoid late payment charges, etc. To enhance your coverage you can choose from various riders such as Critical Illness Rider, Disability Rider, Protect Plus Rider, and Health Plus Rider. You can get a higher coverage under this plan with a sum assured ranging from 2 crores to no maximum limit.
HDFC Life Click2 Protect Elite plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 45 years
Maximum Maturity Age - 45 years
15 to 40 Years
Base sum assured: 2 Crores to No Limit
The policy loan is available under HDFC Life Click 2 Protect Elite Plan
Monthly, Quarterly, and Half-yearly and Yearly
Let's understand how the HDFC Life Click 2 Protect Elite with a simple premium illustration.
Mr. Sharma, 30 years old, a non-smoker wants a a cover of Rs 2 crores.
He visited PolicyX.com to learn more about term plans. Policyx.com advisors carefully analyze his queries and suggest purchasing HDFC Life Click 2 Protect Elite
Let us see a brief illustration of the Click 2 Protect Elite plan
Age | Policy Term | Premium payment Term | Sum Assured | Premium (Monthly) |
30 years | 40 | 10 | 2 Crores | Rs. 5,584 |
Here are the benefits associated with the HDFC Life Click 2 Protect Elite
Death benefits are provided to the nominee in case of the policyholder’s demise.
Under Smart Exit Benefit you can get all your premiums paid back till the date. You can get the premiums back post-cancellation of your policy.
You can avail of tax benefits on the premium paid for your policy under The Income Tax Act, of 1961. A tax rebate of a maximum of 1.5 lakhs is provided during a particular financial year.
You can add the following riders to your HDFC Life Click 2 Protect Elite Plan:
In the case of Total Permanent Disability- 1% of the Rider Sum is Assured for 10 years.
Lump sum benefit, if diagnosed with any of 19 critical illnesses and insured, survival for 30 days post-diagnosis.
Three Benefit Options are available under this rider, Personal Accident Cover, Accidental Death Cover, and Cancer Cover.
Two Benefit Options are available under this rider, Comprehensive critical illness Cover, and Cancer Cover.
You can cancel your policy within a free-look period of 15 days. HDFC Life will issue the refund after deducting applicable charges if you wish to cancel your plan.
This plan offers you the option to revive your lapsed policy in the revival period mentioned in the policy documents after paying the outstanding premiums and interest charges. The current revival period as per the norms is 5 years and interest charges are applicable at 9.5%. Per annum.
This plan offers you a grace period in case of non-payment of premiums. A grace period of 30 days is offered if premiums are paid quarterly, half-yearly, or yearly, and a 15-day grace period is applicable in the event of a monthly payment.
You can get a surrender value if you wish to cancel your policy within the policy tenure. Surrender value is only provided if you have paid a minimum of 2-year premiums and in the rest circumstances policy will be canceled without any surrender value.
Here is the list of exclusions associated with the plan:
HDFC Life Click 2 Protect Elite plan acts as a security cover for your family in your absence. You have understood everything about the HDFC Life Click 2 Protect Elite plan from the above article. If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.
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You can avail a minimum coverage amount of Rs. 2 crores under HDFC Life Click 2 Protect Elite.
The maximum entry age for the HDFC Click 2 Protect Elite Plan is 45 years.
No, you cannot avail of a loan or any other liability against your HDFC Life Click 2 Protect Elite policy.
The claim settlement ratio of HDFC Life is 99.39% as per IRDAI reports for 2022-23.
You can pay the premium for your HDFC Life Click 2 Protect Elite term plan either monthly, quarterly, half-yearly, or yearly.
The death benefits for HDFC Life Click 2 Protect are determined based on the Sum Assured mentioned in policy terms, 10 Times Your Annual Premium, 105% of total premiums paid up to the date.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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February 5, 2023
Asia/Kolkata
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