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Features #Built2Adjust
Lumpsum + Monthly
claim settlement2
(Available only under Income Option
and Income Plus option)
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.
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!
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 cant be changed during the tenure of the policy.
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
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 familys 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:
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)
2. Maturity benefit
No benefit is payable on survival till end of policy term.
Increase by 50%:
`. 5,00,000 on Marriage
At various milestones of his life, Joy is able to stay adequately covered - without any medicals!
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
endorsement or instrument itself or copy there of certified to be correct by from the date of issuance of the policy or the date of commencement of risk
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. Service Tax: As per the current service tax laws, service tax is applicable on
agent satisfies the prescribed conditions establishing that he is a bona fide
the life insurance premiums. Any other indirect tax or statutory levy
insurance agent employed by the insurer.
becoming applicable in future may become payable by you by any method
we deem appropriate including by levy of an additional monetary amount in
2) Any person making default in complying with the provisions of this section
addition to the premium.
shall be liable for a penalty which may extend to ten lakh rupees.
M. In case of fraud or misrepresentation including non-disclosure of any material
K. Non-Disclosure: Section 45 of the Insurance Act, 1938 as amended from
facts, the Policy shall be cancelled immediately and the Surrender Value shall
time to time states:
be payable, subject to the fraud or misrepresentation being established in
1) No policy of life insurance shall be called in question on any ground
accordance with Section 45 of the Insurance Act, 1938.
whatsoever after the expiry of three years from the date of the policy, i.e.,
Contact us today
NOW to 5676727
onlinequery@hdfclife.com
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HDFC Standard Life Insurance Company Limited. In Partnership with Standard Life Plc. CIN No. U99999MH2000PLC128245. IRDAI Regn. No. 101
Registered Office: Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011.
Email: service@hdfclife.com,Tel No: 1800227227. Website: www.hdfclife.com
The name/letters "HDFC" in the name/logo of the Company belongs to Housing Development Finance Corporation Limited and is used by HDFC Life under a license/agreement.
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: PP/11/2016/8881
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
IRDAI does not announce any bonus.
Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.