HDFC Life click 2 Invest: A Unit Linked Non-Participating Individual Life Insurance Savings Plan:

 

HDFC Life click 2 Invest

HDFC Life Click 2 Invest is a unit-linked, non-participating individual life insurance savings plan that offers financial protection and market-linked returns across 12 fund options. It features two Plan Options, four Death Benefit Options, and Single, Limited, or Regular premium payments. The plan offers potential tax benefits and loyalty additions to fund value.  The policyholder bears investment risk, and it has a five-year lock-in period. The plan is available online, with underwriting available on a limited or full basis, subject to conditions.

Eligibility criteria:

Age at entry: Classic/Classic Plus: 30 days – 65 years Classic Waiver/Classic Waiver Plus: 18 – 65 years. Age at maturity: Classic: 18 – 99 years Classic Plus: 18 – 85 years Classic Waiver/Classic Waiver Plus: 23 – 85 years

Premiums: Minimum: Single: Rs. 24,000 Annual: Rs. 12,000 Half-yearly: Rs 6,000 Quarterly: Rs. 3,000 Monthly: Rs. 1,000 Maximum: No limit, subject to Underwriting.

Sum Assured – Single Premium: Minimum: Age at Entry < 50 years:  125% of Single Premium Age at Entry >= 50 years: 110% of Single Premium Sum Assured – Single Premium: Maximum: There is no maximum limit. However, the acceptance of any case is subject to the Board Approved Underwriting Policy (BAUP).

Top up Sum Assured - Single Premium Minimum: Age at Entry < 50 years: 125% of Top-up Premium.   Age at Entry > 50 years: 110% of Top-up Premium. Maximum: There is no maximum limit. However, the acceptance of any case is subject to the Board Approved Underwriting Policy (BAUP).

Sum Assured - Regular & Limited Premium: Minimum: Age at Entry < 50 years: 7 x Annualized Premium  Age at Entry > 50 years: 5 x Annualized Premium Maximum:  There is no maximum limit. However, the acceptance of any case is subject to the Board Approved Underwriting Policy (BAUP).

Policy Term: Minimum: 5 years Maximum: Classic Option: 99 years minus Age at Entry. Other than Classic Option: 40 years. This will be subject to the Maximum Maturity Age allowed under the selected option.

Premium Payment Term: Single Pay  Limited: 5 to (Policy Term -1) years Regular Pay

Ages are based on the last birthday. For minors, risk starts either within two years of policy start or on the policy anniversary after majority, whichever is earlier. No mortality charges apply before risk commencement. Death before this date results in the fund value being paid; death on or after this date results in the death benefit being paid according to the plan option.

CHOICE OF 2 PLAN OPTIONS: 1. Growth  2. Loyalty
4 DEATH BENEFIT OPTIONS: Choose one of the 4 Death Benefit Options at inception. The selected benefit is paid to the nominee upon the Life Assured's unfortunate death during the policy term.
DEATH BENEFIT OPTION	DEATH BENEFIT shall be the highest of:
Classic	Sum Assured OR Fund Value
Classic Plus	Sum Assured PLUS Fund Value
Classic Waiver	Sum Assured PLUS Waiver of Future Premiums
Classic Waiver Plus	Sum Assured PLUS Waiver of Future Premiums PLUS Monthly Income Benefit
Plan and death benefit options, once selected at policy inception, are fixed for the policy term.
You select the Plan's features, including Death Benefit, Premium, Terms, Sum Assured, and Investment Fund(s). Your premium is invested as directed. You receive the fund value at Maturity, or the death benefit is paid to the nominee upon death.

 

Loyalty Additions Summary: Loyalty Additions are extra units added proportionally to existing unit holdings while the policy is active and premiums are paid. They do not apply to top-up premiums. A Fund Value Enhancer, a type of Loyalty Addition, is added every 5 years starting from the 10th policy anniversary, but only if the Loyalty Plan Option and a Death Benefit Option are selected.
Policy Anniversary	Loyalty Addition
10-25	0.15% of Average Fund Value
26 and above	0.25% of Average Fund Value
The average fund value is calculated using the fund values from the end of the previous 12 policy months.
b) Return of Policy Administration Charges: This applies only to the Loyalty Plan Option and the Death Benefit Option. All Policy Administration charges (excluding taxes) collected through the 25th policy year will be returned to the fund as an additional unit allocation at the end of the 25th policy year.
c) Return of Mortality Charges (ROMC): Applicable only with the 'Classic Waiver Plus' death benefit option.  Mortality charges (excluding extra premiums/taxes) deducted after age 56 (minimum 6 years) until age 70 will be returned at maturity, along with the fund value.  ROMC does not apply to death claims.
d) High Death Benefit Multiple Booster: Applicable only if 'Classic' is chosen and the Death Benefit Multiple exceeds 30 times. From policy year 11 onward, at the end of each year, a multiple (1X or 2X) of the mortality charge (excluding extra premiums and taxes) deducted 10 years prior will be added back to the fund. For instance, the multiple of the 1st month's charge is added back in the 121st month, and the process continues until the end of the policy term. The multiple varies by policy year.
Policy year	Return of Mortality Charge Multiple
11 to 20	1X
21 and above	2X
Starting in policy year 21, a loyalty addition of 1.35% of the fund value will be returned to the fund annually by allocating additional units.

**MORE DETAILS ON YOUR BENEFITS:** **A. Maturity Benefit:**   At policy maturity, you receive the Fund Value (the balance of units multiplied by the unit price). All risk cover ceases, but you can choose to receive the Fund Value in periodic installments via the settlement option.  **B. Death Benefit:** 1. **Classic:**   The death benefit is the higher of: Sum Assured minus partial withdrawals (from the last two years), Fund Value, or 105% of total premiums paid (excluding top-ups). For reduced paid-up policies, 'Sum Assured' is replaced by 'Paid up Sum Assured'. The policy terminates upon payment. 2. **Classic Plus:**   The death benefit is the higher of: Sum Assured plus Fund Value, or 105% of total premiums paid (excluding top-ups). Terminates upon payment for reduced paid-up policies, with 'Sum Assured' replaced by 'Paid up Sum Assured'. 3. **Classic Waiver (Not for Single Pay):**   The death benefit is the higher of the Sum Assured and 105% of the total premiums paid (excluding top-ups). Future premiums are waived, and the modal premium is credited to the Fund Value. The policy continues until maturity. 4. **Classic Waiver Plus (Not for Single Pay):**   Similar to Classic Waiver, with future premiums waived and credited to the Fund Value. **Monthly Income Benefit:**   In addition to the lump sum, a Monthly Income Benefit (percentage of Sum Assured) is paid after death until the end of the Policy Term or chosen Income Term (min. 24 payments). If less than 24 months remain, installments are paid as a lump sum at maturity. Reduced paid-up policies receive the higher of the Paid-up Sum Assured or 105% of the total premiums paid, with no waiver. Other benefits cease after payments are made.

**NON-FORFEITURE BENEFITS:** **A. Discontinuance of Premiums:** - **Grace Period:** 15 days for monthly premiums and 30 days for others, during which the policy remains active. - **During Lock-in Period (Non-Single Premium):**   - After the grace period, unpaid premiums lead to the Fund Value (minus discontinuance charges) moving to the Discontinued Policy Fund, and risk cover ceases.    - A 3-year revival period is available. If not revived, proceeds are released at the end of this period or after the lock-in period.   - If no action is taken, the policy continues in the discontinued fund without risk cover and terminates after the lock-in period.   - Policyholders can surrender anytime; proceeds are paid later based on the lock-in or surrender date.    - **Single Premium:** Policyholders can surrender at any time, and the Fund Value (less charges) is moved to the discontinued fund. Proceeds are paid after the lock-in period with no risk cover. - **After Lock-in Period (Non-Single Premium):**    - Unpaid premiums lead to a reduced Paid-Up policy, with reduced sum assured and no risk cover.   - Options:      1. Revive within 3 years.     2. Withdraw completely.   - If not revived, the fund value is paid at the end of the revival period, and the policy terminates.    - **Single Premium:** Policyholders can surrender anytime, and the fund value at surrender is paid.

Revival of Discontinued Policies: A discontinued policy can be revived within three years of the first unpaid premium by paying all due premiums and meeting underwriting requirements. Revival during Lock-in Period: Risk cover and investments from the discontinued fund are restored, less applicable charges. All unpaid premiums must be paid (no interest/fees). Policy administration, premium allocation, and guarantee charges apply. The previously deducted discontinuance charge is credited back. Revival after Lock-in Period: Original risk cover is restored, subject to underwriting. All unpaid premiums for the base plan and riders must be paid (no interest/fees). Relevant premium allocation and guarantee charges apply.

**CHOOSE YOUR INVESTMENT FUNDS:** HDFC Life Click 2 Invest is a unit-linked plan with 12 funds that offer various asset allocations (equity, debt, money market). You can invest in multiple funds or switch between them at any time. For more details, visit hdfclife.com.

FLEXIBILITIES: Switching: Transfer accumulated funds to available funds at any time. Premium Redirection: Change future premium allocation. The first 4 per year are free; subsequent ones are charged. Free redirections do not carry over. Top-Up Premiums: Voluntary single premiums allowed if basic premiums are current. Withdrawals are restricted for 5 years and not allowed in the last 5 years, except upon full surrender. Partial Withdrawal: Allowed after 5 years for emergencies if: Life Assured is 18+, Top-up premiums have a 5-year lock-in, minimum Rs. 10,000 withdrawn, and the remaining fund is ≥ 150% of base annualized premium or 25% of single premium. Base premium withdrawals reduce the death benefit; top-up withdrawals do not. Unscheduled withdrawals may terminate the policy. Systematic Transfer Plan (STP): Monthly transfer of a fixed amount (min Rs. 5,000) from a Source Fund to another fund, until notice or insufficient funds. No extra charges. Systematic Withdrawal Plan (SWP): Regular partial withdrawals allowed after five anniversaries. Modifications require 30 days' notice. Settlement Option: Available upon death or maturity. Maturity: Fund Value (≥ Rs 1 Lakh) can be taken in monthly installments over 5 years. Risk cover remains at 105% of total premiums paid. No partial withdrawals; full withdrawals are allowed at any time without charge. Death Benefit: The Nominee may receive the benefit in installments over a maximum of 5 years, subject to investment risk. No partial withdrawals allowed; only fund management charges apply.

CHARGES: Competitive pricing is available on hdfclife.com. Key charges include: Premium Allocation, Fund Management, Policy Administration, Mortality, Surrender, and Discontinuance (no charge for top-ups). Additional charges apply for partial withdrawals, fund switches, or premium redirection upon request. All charges, except Mortality, may be revised with prior IRDAI approval. Taxes & Applicable Levies: Goods & Services Tax and other statutory levies apply in accordance with applicable tax laws. Future indirect taxes or levies may be collected via an additional amount, unit cancellation, or deductions from the unit fund.

RIDER OPTIONS: Enhance protection with these Linked Riders: HDFC Life Income Benefit on Accidental Disability Rider: Pays 1% of Rider Sum Assured monthly for 10 years for Accidental Total Permanent Disability. No maturity benefit. HDFC Life Protect Plus Rider: Covers cancer and accidental death/disability. No maturity benefit. HDFC Life Health Plus Rider: Offers extensive health coverage and Cancer Cover. Options include: Option A: Lump sum for 60 Critical Illnesses (coverage ends). Option B: Cancer Cover. HDFC Life Waiver of Premium Rider: Waives premiums upon death, disability, or critical illness, ensuring continued benefits. HDFC Life LiveWell Rider: Provides comprehensive protection and wellness benefits for risks like death and hospitalization.

This product has no rider charge. Riders/Add-Ons require an additional premium. See our website for Rider Brochures.

Important Notice: Please ensure you read and understand both this brochure and the illustration to fully grasp the plan, its operations, and the associated risks before making a purchase. A. Risk Factors: The policyholder bears investment risk in unit-linked insurance products, which differ from traditional ones and are subject to market risks. Premiums and NAVs can fluctuate based on fund performance; the insured is responsible for their decisions. "HDFC Life Click 2 Invest" is a contract name only and does not imply quality or future returns. Understand the risks and charges from your agent or policy document. Fund names do not guarantee quality or returns.

B. Net Asset Value (NAV):  We will set a fund's NAV in accordance with IRDAI guidelines.  The NAV of Unit Linked Funds shall be computed as:  NAV=  Divide the  Market Value of investment held by the Fund+value of current assets- (value of current liabilities and provisions, if any)  by  Number of Units existing on the valuation date (before creation or redemption of Units).  The resulting price is rounded to the nearest Re. 0.0001 and published daily on our and the Life Insurance Council websites. Units are allocated only upon policy acceptance, when the application funds are applied toward the premium. The premium will be adjusted on the due date, even if received in advance, and the status will be communicated.

**C. Suicide Exclusion:**   If death is due to suicide within the first 12 months of the policy start or revival, the nominee receives the fund value minus certain charges. **D. Tax Benefits:**   Tax benefits may be available; consult your tax advisor, as laws can change. **E. Free-Look Cancellation:**   You can return the policy within 30 days for a refund of the unit value and applicable charges. No original documents needed for electronic policies. **F. Alterations:**   You can make changes to fund switches, premium redirections, cancellations, and policy terms. Premium and death benefit options can’t be changed. **G. Loans:** No loans available. **H. Grievance Redressal:**   Contact us at: - Helpline: 022-68446530 (charges apply) - NRI Helpline: +91 89166 94100 (charges apply) - Email: service@hdfclife.com | nriservice@hdfclife.com For further assistance, escalate to the Insurance Ombudsman if needed. **I. Nomination (Sec 39, Insurance Act 1938):**   Policyholders can nominate beneficiaries. Changes require written notice. Minors can have a representative. **J. Assignment (Sec 38, Insurance Act 1938):**   Policies can be assigned with notice to the insurer. Documentation is required. **K. Prohibition of Rebates (Sec 41, Insurance Act 1938):**   No unauthorized rebates allowed; penalties apply for violations. **L. Non-Disclosure (Sec 45, Insurance Act 1938):**   Policies can’t be questioned after three years except in cases of fraud or material misstatement affecting life expectancy. **M. Electronic Insurance Account (eIA):**   Hold life insurance policies in a password-protected online account. Policies from any insurer can be managed without KYC documents for future purchases. More info at [HDFC Life](https://www.hdfclife.com/customer-service/about-demat).  Linked products have a five-year liquidity restriction; withdrawals aren’t allowed until after this period.

If you need assistance with insurance policies, feel free to contact me using the following methods: - **Phone and WhatsApp:** 9899423601 and 9971797791   - **Email:** arvind kumar

Disclaimer: This information is sourced from publicly available data, primarily from hdfclife.com, and has been summarized using AI tools. While we aim for maximum accuracy, the blog's writer assumes no responsibility for any errors, inaccuracies, or missing information, nor can they be held accountable for any outcomes resulting from its use. It is strongly advised that you visit the official website at hdfclife.com to review the terms and conditions before making any financial decisions.

**A Note from the Writer of This Blog:** My name is Arvind Kumar, and I have successfully passed the IC-38 exam conducted by the Insurance Institute of India, in accordance with IRDAI regulations. I am currently employed as a Financial Consultant and Life Advisor with HDFC Life Insurance Company, where I am authorized to provide advice, customize, and sell insurance policies. It is essential to tailor an insurance policy to meet individual needs, including coverage for survival, critical illness, and death benefits. Please note that an insurance policy cannot be purchased during or after a significant event, such as death; it must be acquired in advance. If you need assistance with insurance policies, feel free to contact me using the following methods: - **Phone and WhatsApp:** 9899423601 and 9971797791   - **Email:** arvind kumar There is no fee/charge for consultation.

As we approach the finish line, I’m sending you all my best wishes! Let’s make this final stretch count—good luck!