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HDFC Life Click2Invest Plan

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?

  1. Provides market-related returns.
  2. Suitable for long term investment goals.
  3. Provides financial growth as well as protection to you and your family.

Key Features of HDFC Life Click2Invest

  • Entitled to tax benefits under Section 80C and Sec 10(10D) of the Income Tax Act, 1961.
  • Flexibility to select premium payment option - Single, Limited (5|7|10 years) and Regular.
  • Flexibility to select the policy term - 5 to 20 years.
  • Post completion of 5 policy years, you can make partial or complete withdrawal.
  • You can make up to 4 free premium redirections in 1 policy year.
  • Choice of 8 investment funds to start with.
  • You can make up to 4 free switches in 1 policy year.
  • You can surrender the fund post completion of 5 policy years and receive the fund value.
  • This policy comes with a grace period of 15 days for the monthly payment mode and 30 days for other modes of premium payment.

Benefits of HDFC Life Click 2 Invest

  • The Death Benefit payable will be the highest of the Sum Assured OR Fund Value OR 105% of the premiums paid.
  • The Maturity Benefit payable will be the declared Fund Value.

Eligibility Criteria in HDFC Life Click 2 Invest Plan

Age at EntryMinimum age should be 30 days and maximum 65 years
Age at Maturity18 years to 75 years
Plan Term5 years to 20 years
Premium Paying OptionsRegular Pay, Limited Pay, Single Pay
Premium Payment TermRegular pay - equal to plan term
Single pay - once
Limited pay - 5|7|10 years
Premium AmountSingle 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 AssuredSingle 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

HDFC Life Click 2 Invest Policy Details

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.

Fund Options in HDFC Life Click 2 Invest Plan

Listed below are the 8 fund options to select from:

Fund NameComposition of the Fund
Money Market Instruments, Cash, Deposits, Liquid Mutual FundsGovernment Securities, Fixed Income SecuritiesEquity
Equity Plus0-20%0-20%80%-100%
Diversified Equity0-40%0-40%60%-100%
Blue Chip0-20%NA80%-100%
Opportunities Fund0-20%NA80%-100%
Balanced 0-20%0-60% 40%-80%
Income 0-20%80%-100%NA
Bond0-60%40%-100%NA
Conservative0-60%40%-100%NA

Charges in HDFC Life Click to Invest Plan

Following are the standard charges applicable on this fund:

Premium Allocation ChargeNone
Policy Administration ChargeNone
Fund Management Charge1.35% p.a. of the fund value charged daily
Discontinuance ChargeNil
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

FAQs on HDFC Life Click2Invest Plan

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.

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