HDFC Life’s Click2Protect Plus is an Online Term Insurance Product. The main feature of this plan is to provide financial protection for you and your family. It has unique features which are not available in most of the online term insurance plans. Let us understand its features and benefits.
Eligibility conditions of Click 2 Protect Plus are:
This term policy provides you with four cover options:
1) Life Option (Death Benefit under this plan)
In the unfortunate event of death of the life assured during the policy term, the nominee will receive the death benefit as below. (Death benefit is called as ‘Life Option’ under this plan).
Let us now understand the very unique features of Click2Protect Plus plan.
2) Extra Life Option
If the policyholder chooses this option then the Death Benefit as 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.
3) Income Option
If the policyholder chooses this option then the Death Benefit as specified above is paid to the nominee in the following manner:
4) Income Plus Option
If the policyholder chooses this option then the Death Benefit as specified above is paid to the nominee in the following manner:
Different Scenarios with examples:
Let us understand these options with examples.
Case 1 – Mr Rahul (30 years of age) buys this plan with a Sum Assured of Rs 1 crore. He has opted for Life option only. Unfortunately he dies in an accident. What is the death benefit ?
In this case, his nominee will get Rs 1 crore as the death benefit.
Case 2 – Mr Rahul (30 years of age) buys this plan with a Sum Assured of Rs 1 crore. He has opted for Life option and Extra Life Option. Unfortunately he dies in an accident. What is the death benefit ?
In this case, his nominee will get death benefit of Rs 2 crore. If death happens due to any other reason then his nominee would get Rs 1 crore only.
Case 3 – Mr Raj (28 years of age) buys this plan with a Sum Assured of Rs 1 crore. He has opted for Income option of the plan. Unfortunately he dies due to heart attack . What is the death benefit in this case?
In this case, his nominee will immediately get Rs 10 Lakh as lump sum payment. And the remaining Rs 90 Lakh is paid as monthly income for the next 15 years. The equal monthly payment is Rs 50,000.
Case 4 – Mr Raj (28 years of age) buys this plan with a Sum Assured of Rs 1 crore. He has opted for Income Plus option of the plan. He has also opted for ‘equal monthly income’ option under Income Plus. Unfortunately he dies due to heart attack . What is the death benefit in this case?
In this case, his nominee will immediately get Rs 1 crore lump sum payment. In addition to this, the equal monthly payment of Rs 50,000 pm is also paid for next 10 years.
Case 5 – Mr Ram (28 years of age) buys this plan with a Sum Assured of Rs 1 crore. He has opted for Income Plus option of the plan. He has also opted for ‘increasing monthly income’ option under Income Plus. Unfortunately he dies due to illness . What is the death benefit in this case?
In this case, his nominee will immediately get Rs 1 crore as lump sum. Also, the monthly payment of Rs 50,000 pm is paid in the first year. The monthly income increases at the rate of 10% pa for the next 10 years.
This plan has another unique feature.
The proposer can choose the Life stage Protection option under Life option upon payment of an additional premium. The sum assured amount will be increased on the occurrence of key events in your life. The premiums will be recalculated based on your increased sum assured and outstanding policy term.No additional Medical tests are required.
This feature will be available only for a six month period from the date of the event and provided the insured person is less than 45 years of age at the time of opting for this feature.This feature is available only for regular premium paying policies and not for limited premium paying or single premium policies.
There is also an option to ‘Reduce the Additional Sum Assured” which the policyholder had opted under life stage protection. 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. This plans offers the flexibility to reduce the additional insurance cover after attaining the 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.
Mr Praful (26 years old) buys HDFC Life Click 2 Protect Plus with Sum Assured of Rs.1 Cr. The policy term is 35 years.He gets married in his 28th year. He opts for the Life Stage Protection Option. He becomes a father after 2 years of marriage and opts to increase his cover. In his 55th year, he decides to reduce the additional sum assured.
Indicative Premium quotations with different combinations
Important points to ponder upon
Overall HDFC Life’s Click2Protect Plus is a good product. You may consider buying the plan with Life option (or) Income plus options.
Latest Update :
You may like reading below articles:
This post was last modified on July 10, 2023 11:31 am
Retirement planning in India is often misunderstood. Many people think any long-term savings or investment…
You’ve probably seen the same property quoted at different prices. One person says ₹60 lakh,…
Buying insurance is easy. Getting your claim settled—that’s where the real test begins. For any…
Gifting immovable property—like land, plots, or houses—is super common in India. Families often do it…
Most people believe that investing alone is enough to create wealth. But in reality, many…
When you invest your hard-earned money, there’s one question that often gets overlooked: “Will I…
This website uses cookies.
View Comments
Hi Sreekanth,
Thanks for nice article. And, after reading your article, I am planning to take HDFC Life’s Click2Protect Plus term policy.
But, I came to know that I can take either online or through HDFC Bank person/channel which will cost around 500-600 INR more premium than the premium through online.
I would like to know the differences between these 2 types of modes (online and offline (through HDFC Bank ))
If there are no major differences, then I will take this policy through online.
Thanks.
Dear Babu,
Features wise, no differences. If you are comfortable and find it convenient, suggest you to buy online :)
Hi Srikanth
I am moving to US on H1B visa for few years, does a term policy will be valid even when i am in overseas?
I am planning to take HDFC Click2Protect.
THanks
Dear Praveen..Yes it is valid. Suggest you take it before you go abroad.
I am 27 years old, Male, Non smoker.
I was planning for an Income Plus option - increasing Income with sum assured of 1Cr.
I was confused between HDFC, MaxLife.
My only concern is that my nominee should not feel any difficulty for the claim settlement.
Please recommend one.
Does these company ask to pay extra premium? If yes, under which circumstances? (as in one of the comments i found then one guy was loaded with 90% extra premium.. what does that mean?)
Thanks
Vishal
Dear Vishal,
Kindly read my article : Best Term insurance plans.
You may buy a term plan from a company that you are comfortable with. Do disclose all the required info in the proposal form.
Depending on the proposer's age / medical history / occupation etc if life insurance company thins that there is high risk in providing life cover with standard premiums then they can issue policy by charging higher premium (they will inform about this to the proposer before issuing the policy bond/certificate).
Shreekanth,
First of all, thanks for a very quick reply.
My father has a diabetes since last 5 years.
Will this situation call for a higher premium?
Vishal
Dear Vishal..It may not affect your proposal..but do mention about this under relevant section of proposal form (family health or medical history details section).
thanks a lot Sree..
Hi sree ,
iam little confused which one to take ,, need your help , i need a policy where accidental and Assured sum is taken care for my family ,, i can spend min of 2000 per month
help me on this regards and also which company i need to go for
Dear Ravi,
If you are planning to buy a stand-alone personal accident policy with Disability benefit, suggest you go through my article - 'Best Presonal Accident Plans : Benefits & Review'.
31.10.2015
Dear Sreekanth
A very good afternoon to you and all our blog readers!
As I said earlier, I have purchased
1) Online term insurance, "HDFC Click2 Protect Plus" for 55 lacs,
2) Stand alone Personal accident policy for 50 lacs from "Apollo Munich"
3) Super top up mediclaim policy for 10 lacs with 1 lac deductible from "Apollo Munich" beside my company's group medicliam policy for 2 lacs.
I would like to share my experience with the Companies while purchasing the policies, so that it will be useful for other readers.
1) Apollo Munich's services are very very good, with one single personal meet at my home, just with in 7 working days, I have received Policy document in hand both soft copy by email and hard copy by post. and
2) HDFC Life Insurance company, for my term life insurance, they have taken 45 days to issue a policy though it was purchased "ONLINE". For each and every email communication, they took 3-5 working days to respond, acknowledge or confirmation whatever the communication is.
As I am 41 years old, as I mentioned "Hypothyroid and heavy snoring" in my proposal form, they have advised me to under go medical check up at their prescribed diagnostic centre, I have under gone. Further, they have loaded me with 90% extra premium. even they have reduced my sum assured amount from 75 lacs to 55 lacs.
My over all experience with HDFC is "Very good" though it is delayed and loaded with extra premium, but they have taken all required steps, so that, I believe, when ever claim is required, my family members may not face any difficulty in claiming process.
Dear Sreekanth, Thank you for your advises through your blog, which were helpful for so many lakhs of people like me while taking such big decisions.
I would like to post the same info in your 2 - 3 relevant articles, which will be helpful for all other readers.
It is good to see that you have relocated to Proddatur, so when I visit my native place Kadapa, with your prior confirmation I would like to see you.
Thank you
Krishna KP
Dear Krishna,
I am very happy to know that ReLakhs.com helped you in making financial decisions :)
Thank you so much for sharing your real-life experiences with the financial service companies.
Which option under HDFC Click2protect plus did you take?
By the by, we can surely plan to meet :)
sir
I(me 30 ,my wife 25,my son 4 year) want to buy family floater plocity of 2 lakh coverplus with additional 10 lakh personal death cover..is this type of plan/policy available.
If not, then what should I give to priority? should i go for for Family Floater (like New india Assurance) Or persional accidental death policy (like United India)
Kindly Reply at earlist
Thnking you very much.
SANTOSH MISHRA kOLKATA
Dear Santosh,
You may buy a Family floater plan and a separate basic cover Term insurance plan to meet your requirements.
Also consider buying a stand-alone Personal accident policy.
Kindly read below articles and revert to me if you need any assistance;
Best term insurance plans
Best personal accident plans.
hi srikanth
nice to see your advice on insurance and investment.
we had taken a loan of 50 lakhs to buy a new house. we both are state government employees and have to have a
one time premium policy that could serve the family in risk time from paying the balance loan amount,
i am 46 yr old and my spouse is 47 yr old.
please suggest the very best policy
Dear Neeraja,
Are you referring to Mortgage / Home loan insurance?
I believe that both of you can consider buying Term plans instead of Mortgage Insurance.
Kindly read my article : Best online term insurance plans.
Hi Srikanth
I am 30 non-smoker and looking out for a plan which pays me regular income on completion of maturity also stands as life insurance to benefit my family on my absence.
I want to purchase 1cr plan without agents interference
Please suggest the best one with respect to claim ratio.
Dear Kiran,
My suggestion would be to buy a basic cover plus plus one stand-alone personal accident plan. Also, consider starting SIPs in equity mutual funds for long-term goals.
Kindly read my articles;
Top Equity funds
Best personal accident plans
Retirement goal planning
Hi Srikanath,
What not covered in policies..? I meas what type of death not covered in hdfc click2protect plus.
Is suicide cases comes under this..?
If i purchase this policy in India and if any thing happens in other country...is this plans covers all those..?
Can you please revert me.
Thanks in advance.
Dear CHANDRAMOHAN,
Generally 'suicide clause' is applicable for first 2 policy years in most of the plans.
Risk coverage is available across the globe unless specifically mentioned in 'policy wordings'.
i am 32 non-smoker unlucky NRI which term policy would you suggest me.
LIC doesn't cover NRI,i have one useless medical policy given by employer.
HDFC CLick2 ProtectPlus you can consider it for NRI .
Dear Amit
I am in process of buying HDFC CLick2 ProtectPlus On Line Term Insurance as per suggestions made by Mr. Sreekanth, I mean to say after all opinions and considerations. But I am not NRI.
Still, I suggest you to please wait till I get Documents in hand, so that I will add any points or remarks which I experience / encounter / face while processing of the policy buying. I feel this will help our Blog readers in 1) the process 2) any further queries they may ask 3) details about medicals if any 4) any premium enhancement etc.
I hope my communication is clear!
Thanks your communication and spirit behind communication is very clear , i understand the actual experience is quite different then what explained online
Yes Dear it will be helpful but my basic question whether NRI's is being covered by this policy as LIC denied on it page first while buying term policy