HDFC Life Click2Invest plan is an excellent Unit Linked Insurance Plan which comes with the dual benefit of investment and life cover for you and your family along with market-related investments. This plan can be easily purchased online from the official website of HDFC Life by filling a short medical questionnaire. This plan was launched on 5th Sep 2017.
Note: All information regarding HDFC Life Click2Invest Plan has been sourced from the official website of HDFC Life.
Why you need this plan?
| Age at Entry | Minimum age should be 30 days and maximum 65 years |
| Age at Maturity | 18 years to 75 years |
| Plan Term | 5 years to 20 years |
| Premium Paying Options | Regular Pay, Limited Pay, Single Pay |
| Premium Payment Term | Regular pay - equal to plan term Single pay - once Limited pay - 5|7|10 years |
| Premium Amount | Single pay - Rs.24,000 Annually - Rs.12,000 Half-yearly - Rs.6,000 Quarterly - Rs.3000 Monthly - Rs.1000 No such limit on maximum amount |
| Sum Assured | Single Premium - 1.25 times the premium paid Regular and Limited Premium: Age: Below 55 years - 10x the annual premium Age: 55 years and above - 7x the annual premium |
Exclusion - In case the policyholder commits suicide within 12 months of the policy inception or revival date, the available Fund Value and any top-up premium Fund Value as on the date of death is payable.
Revival - In case you want to revive your inactive policy, you can do so within a period of 2 years for which you will have to pay all the missed out premiums.
Loan Facility - This policy does not come with a loan facility.
Grace Period - This plan offers a grace period of 15 days in case you choose the monthly mode of premium payment. For any other mode of premium payment the grace period is 30 days.
Free Look Period - If you are not happy with the policy terms and conditions, you can surrender the policy to the insurer. This free look period offered by the plan is 15 days. If this plan is purchased via distant marketing, the free look period is 30 days.
Surrender Benefit - In case you wish to surrender the policy before 5 years of the policy period, the fund value will be then moved to the discontinued policy fund. Once the lock in period is completed, this amount would be paid off. However, if the life insured passes away before this payout, the nominee will receive the discontinued policy fund.
post completion of 5 policy years, the policy will terminate and there wont be any payout.
Listed below are the 8 fund options to select from:
| Fund Name | Composition of the Fund | ||
| Money Market Instruments, Cash, Deposits, Liquid Mutual Funds | Government Securities, Fixed Income Securities | Equity | |
| Equity Plus | 0-20% | 0-20% | 80%-100% |
| Diversified Equity | 0-40% | 0-40% | 60%-100% |
| Blue Chip | 0-20% | NA | 80%-100% |
| Opportunities Fund | 0-20% | NA | 80%-100% |
| Balanced | 0-20% | 0-60% | 40%-80% |
| Income | 0-20% | 80%-100% | NA |
| Bond | 0-60% | 40%-100% | NA |
| Conservative | 0-60% | 40%-100% | NA |
Following are the standard charges applicable on this fund:
| Premium Allocation Charge | None |
| Policy Administration Charge | None |
| Fund Management Charge | 1.35% p.a. of the fund value charged daily |
| Discontinuance Charge | Nil |
| Mortality Charge | The amount of the charge taken each month depends on your age and level of cover. |
| Partial Withdrawal Charge | ₹250 post the free limit ₹25 for an online request |
| Fund Switching Charge | ₹250 post the free limit ₹25 for an online request |
| Premium Redirection Charge | ₹250 post the free limit ₹25 for an online request |
What happens when you stop paying the premiums before 5 years?
This policy will be discontinued if you fail to pay the premiums post the grace period. The fund value will be moved to the discontinued fund. Additionally, the fund will earn a minimum guaranteed interest rate of 4% and will attract a fund management charge of 0.5% per annum.
What is revival period?
It is the period within 2 years from the date of the first unpaid premium.
How can I check my HDFC Life fund value?
You can either download the HDFC Life App on your smartphone or Login with your registered user ID and Password on the official website of HDFC Life.
Is HDFC click to invest a good plan?
Yes, it is one of the excellent options which comes with a dual benefit of investment and life cover for you and your family along with market-related investments.
What is Income Fund in HDFC Life?
An income fund is a fund which comprise of around 20% in equity while the remainder in government/fixed securities. The purpose of this fund is to provide regular income post the policy term.
