HDFC Life Click 2 Protect 3D Plus offers policy holders and their loved ones full financial security. The term ‘3D’ in the plan’s name represents protection against death, disability, and disease. This implies that the policyholder is covered in the event of a total disaster, such as permanent incapacity due to an accident, terminal disease, or severe sickness that strikes unexpectedly.
It offers inexpensive financial security to the insured person’s family and compensates for claims made on the manifestation of death, permanent incapacity, and sickness. It also provides a discount for online purchases. Overall, HDFC Life Click 2 Protect Life ensures that your family may accomplish all of their aspirations even in your absence and provides them with financial independence.
Every Term plan is unique, and its features set it apart. HDFC 3D Plus additionally has certain unique features that provide peace of mind as well as financial security for your family. A detailed list of HDFC Life Click 2 Protect 3D Plus’s features is shown below. Let us investigate.
1. Plan Options
Customers may personalize their plan by selecting any of the nine choices provided under the HDFC Life Click 2 Protect Plus plan at their leisure.
2. Flexibility in premium payment
Policyholders can use this tool to choose the policy and premium payment terms that work best for them.
3. Life Stage Protection
It enables the policyholder to raise insurance coverage for specific life events without having to undergo any medical tests.
4. Discounts on premium
Female lives and non-tobacco users are eligible for additional reductions and refunds on premium rates under the plan.
Benefits of HDFC Life Click 2 Protect 3D Plus Plan :
We’ve compiled a comprehensive list of advantages offered under the HDFC Life Click 2 Protect 3D Plus Plan for your convenience. Let’s look through the list below to discover more about these advantages.
1. Accidental Total Permanent Disability:
If the policyholder suffers a permanent handicap (because of an accident) that cannot be remedied by any therapies, the future premium rates will be reduced. The financial burden will eventually be reduced.
2. Terminal Illness Benefit:
Under this benefit, the insured person’s beneficiary receives the coverage amount if the policyholder is diagnosed with an illness that results in his or her death. However, there are certain restrictions to this benefit. First, the policyholder should die within 6 months of being detected by a medically qualified practitioner. Second, the policyholder’s accurate diagnosis records must be filed with the insurance company.
3. Death Benefit:
If the policyholder dies, the whole sum insured amount is paid to his or her nominee in addition to the optional benefits selected by the policyholder. Please keep in mind that the death benefit for single, regular, and limited pay is different.
4. Tax Benefit:
The premium paid under the HDFC Life Term Plan is eligible for tax advantages under Section 80C of the Income Tax Act, and the benefits received are tax-free.
5. Life stage benefit:
As you become older, a load of duties increases, such as child marriage and motherhood, which necessitate large expenses. The Life Stage Benefit allows you to enhance the sum covered in the occurrence of marriage or delivery at any time throughout the policy’s term.
HDFC Life Click 2 Protect 3D Plus Plan Options:
The HDFC Life Click 2 Protect 3D Plus plan has nine different plan choices. All of these alternatives provide a variety of benefits. A summary of all of these plan possibilities is provided below. Let’s take a closer look at them.
Also Read, Aviva i-Life Insurance
Plans with Lumpsum Payment options :
1. Life option:
In the event of death, a lump sum payment will be sent to the policyholder’s nominee, and the policy will be terminated.In the event of an accidental permanent handicap, all future premiums will be reduced to reduce the policyholder’s burden while the policy is valid.A lump sum payment of the sum covered is made to the policyholder upon the identification of a terminal disease with adequate documentation.
2. Extra life option:
In the case of death or terminal illness, a lump sum payment is made to the beneficiaries, and the insurance is canceled.If death occurs as a result of an accident, the amount payable is the basic sum covered plus the amount insured under the accidental death benefit selected as supplemental cover.In the event of total permanent disability as a result of an accident, the policyholder will be granted a reduction in future premium rates.
3. Lifelong protection option:
The length of premium payment is based on the age of admission, which is 65 years. The option is for the rest of one’s life.While the benefits for accidental permanent impairment and death/terminal illness would be the same for all alternatives.
4. 3D life option:
In the event of death or terminal illness, a lump sum payment will be made to the nominee, signaling the end of the policy’s term.All future premiums will be decreased for Accidental Permanent Disability/Diagnosis of Critical Illness, and the insurance will continue to operate.
5. 3D lifelong protection option:
It provides critical illness and accidental permanent disability compensation, and all future premiums are lowered if any of these situations occur.In the event of death or terminal illness, a lump-sum payout is provided.
6. Return of premium:
Maturity benefits- if the policyholder lives until the end of the insurance term period, all premiums paid will be repaid.
All future premiums for Accidental Permanent Disability will be lowered.In the case of death or terminal illness, the beneficiaries get a lump sum payment equal to the sum covered, and the policy is terminated.
Plans With Lump Sum Plus Monthly Payout Options :
1. Income option:
In the event of death or terminal illness, a lump sum payment will be made to the nominee, signaling the end of the policy’s term.
In the event of an accidental permanent handicap, all future premiums will be reduced to reduce the policyholder’s burden while the policy is valid.
Following the death of the policyholder, the nominee will receive either a lump payment or a monthly rising income of the sum covered.
2. Extra life income option:
The nominee will be paid the money covered in a lump sum for death and terminal illness benefits.
In addition, premiums are waived in the event of permanent incapacity as a result of an accident.
The extra sum insured acquired for the accidental death rider, plus the standard sum insured, is paid in a lump payment in the event of death. This reward can also be provided out of the normal income of both the sum insured and the sum insured.
To understand this option, consider the following example.Assume a person chooses an amount insured of Rs 1 crore with an additional sum insured of Rs 60 lakhs. The claim payable in monthly income for ten years is Rs 1,00,000 (of the basic sum insured) + Rs 50,000 (of the excess sum insured) =Rs 1,50,000.
3. Income replacement option:
For accidental permanent disability, future premiums will be waived.In the event of death or terminal illness, the nominee will receive 12 equal payments of the policyholder’s enhanced income at the time of death. For example, suppose your real salary at the time of insurance acquisition is Rs 8.4 lakhs.
After five years, the individual died, and it was agreed that the nominee would get 12 times the increased income each month in a total of 12 payments. On the basic income, the income is boosted by 10%.
The table below summarises the advantages provided under the various HDFC Life Click 2 Protect 3D Plus Plan choices. Refer to this chart for a more detailed breakdown of the benefits provided in each of the nine plan types.
HDFC Click 2 Protect 3D Plus Plan Add on Riders :
1. Critical Illness Benefits:
It covers 36 critical diseases and provides additional financial protection during critical illness investigations.
2. Accidental Death Benefit:
For death due to accidents, a lump sum amount equal to the basic and extra sum insured is provided in exchange for the payment of an additional premium for the extra sum insured specified. It is only available in the Extra Life and Extra Life Income options.
3. Top-up Options:
By selecting this option, you can raise the insurance coverage on each policy anniversary date. There would be a systematic or fixed rise specified when the insurance was purchased.
Eligibility for HDFC Click 2 Protect 3D Plus Plan:
The table below explains the eligibility conditions for this plan. Look at this table to find out.
Eligibility Criteria: All Options except Life Long Protection Option & 3D lifelong protection option Life Long Protection Option & 3D lifelong protection option
Age of Entry: 18 to 65 years 25 to 65 years
Policy term: 5 to 40 years Entire life
Sum Insured (minimum): 10 lakhs 10 lakhs
Maturity Age: 23 to 75 years Entire life
Premium Payment Mode: Single Pay / Regular Pay / Limited pay – 5 years to 39 years Limited Pay = 65 years minus Entry age
Premium Payment Frequency: Single, Annual, Semi-annual, Quarterly, Monthly Annual, Semi-annual, Quarterly, Monthly
HDFC Click 2 Protect 3D Plus plan exclusions:
Here is a detailed description of the exclusions for your convenience. Continue reading to learn more about these exclusions.
Also Read…, SBI Life – eShield
Exclusions for Extra life and Extra Income Options :
Deaths caused by the following circumstances have not been covered by the plan:
Inclusion of drugs, alcohol, or other hallucinogenic substances
Participation in war, invasion, hostilities, or unlawful conduct with criminal intent.
Self-inflicted injury, such as suicide or poisoning.
Participating in a dangerous career or activity puts one’s life in danger.
Participating in flying sports such as paragliding, bungee jumping, and so forth.
The death occurred 180 days after the accident.
Exclusions for 3D Life-Long Protection Option and 3D Life Option :
Deaths occurring as a result of the following causes are not covered under this plan option:
HIV/AIDS, self-destruct behavior, and use of alcohol/drugs/sedatives
Death occurs within 30 days of the serious illness’s diagnosis.
Failure to seek medical advice or put it into action.
How To Purchase HDFC Click 2 Protect 3D Plus Plan :
You have two options as a client when purchasing an HDFC Term insurance plan. This implies that you may purchase the plan directly from the company’s website or through third-party intermediaries such as agents, brokers, and so on. A full overview of both types of purchasing processes is provided below.
Steps to buy from HDFC Life Insurance Company:
Step 1: Go to the HDFC Life Insurance Company’s official website.
Step 2: Select the ‘term plan’ option from the ‘I wish to buy’ page.
Step 3: Click ‘Continue’ and fill in all of the relevant information.
Step 4: Click ‘next’ and choose a plan that meets your needs.
Step 5: Make your payment by clicking the ‘purchase now’ option.
When you make a payment, you will receive a payment confirmation at your registered email address.
How to Purchase from PolicyX.com :
Fill out the form at the top of this page with the essential information.
Choose your income and city. Click the ‘Proceed’ button.Update your education and employment information.Select your selected plan and click the ‘Buy this plan’ button.Select the policy term, premium period, and riders (if applicable) before proceeding to the payment.
Also Read .., Aditya Birla Term Life Insurance from Sun Life