HDFC Life Click 2 Wealth

HDFC Life Click 2 Wealth

HDFC Life Click 2 Wealth is a Unit Linked, Non-Participating, Life Insurance plan that offers market linked returns, provides valuable financial protection for you and your family.

Why you need this Plan ?
1. Potential of benefitting from market-linked returns.
2. Safeguard the wealth created so that your desired goals are met.
3. Secure your child's/ spouse's future with Premium Waiver option.
4. Plan for your retirement with Golden Years Benefit option.
5. Investment flexibility with 10 funds: Unlimited free switches allowed.
6. Benefit of rupee cost averaging (STP)

Features
1. Minimal charges : Only Fund Management charge towards managing your funds and Mortality charge towards your life cover.
2. Special Addition : 101% of premium allocated to your fund for first 5 years1.
3. Return of Mortality Charges on Maturity. In case of Premium Waiver option, Mortality charges pertaining to only the Life Assured would be refunded2.

1For Single premium, the special addition is 1% of the Single premium at inception only.

Features

1. Three plan options to choose from.
2. Premium waiver benefit that protects the future of your loved one in your absence.
3. Choice of 10 fund options with unlimited free switching.
4. Systematic Transfer plan strategy for advantage of Rupee Cost Averaging.
5. Premium payment options of Single Pay, Limited pay and Regular Pay.



Plan Options

HDFC Life Click 2 Wealth provides you with 3 plan options

1. Invest Plus Option



2. Premium Waiver Option



3. Golden Years Benefit Option



Key Benefits of HDFC Life Click 2 Wealth

Maturity Benefit
On survival until maturity, the Fund Value will be paid.

Fund Value will be calculated by multiplying balance units in your fund(s) by the then prevailing unit price(s). Your policy matures at the end of Policy Term and all risk cover ceases.

You can take your Fund value at maturity in periodic installments under Settlement Option.

Death Benefit
On Death of Life Assured - Highest of:

1. Total Sum Assured less an amount of Partial withdrawals# made, if any, where Total Sum Assured is Basic Sum Assured plus any additional Sum Assured in respect of Top-ups.
2. Fund Value
3. 105% of Total Premiums paid
#The partial withdrawals to be deducted from the Total Sum Assured shall be:
4. All partial withdrawals (except from the Top-up Fund Value) made during the two-year period immediately preceding the date of death.

Upon payment of Death Benefit, the policy shall terminate and no further benefits shall be payable.

On Death of Proposer - Applicable for Premium Waiver Option ONLY (where Proposer is different from Life Assured)

On a valid death claim of the Proposer for a premium paying policy, all future premiums are waived. On each future premium due date(s), an amount equal to the modal premium, shall be credited to your Fund Value.

The Policy shall continue until maturity with risk benefits continued on the life of the Life Assured. Upon maturity, the maturity benefit shall become payable.

Fund Boosters
a. Return of Mortality Charges (ROMC)

At maturity date, the total amount of mortality charges2 deducted in respect of the insurance cover of Life Assured throughout the policy (including mortality charge deducted on top-up Sum Assured as applicable) will be added to the fund value.

For Golden Years Benefit Option, which has a whole of life policy term, the total cumulative amount of mortality charges deducted will be added to the fund value at the end of policy year coinciding or immediately following 70th birthday of Life Assured.

ROMC will not be available for the policies where the Waiver of premium benefit is triggered due to death of the Proposer.

2Excluding extra mortality charge, mortality charge on account of waiver of premium for Proposer & taxes levied on mortality charge as applicable

b. Special Addition

For Regular and Limited Pay Policies, 1% of the Annualized premium shall be added to the Fund Value at the time of allocation of premium for first 5 policy years.

For Single Pay Policies, 1% of your Single premium shall be added at the time of allocation of single premium.

Partial Withdrawal
The Policyholder has the option of making partial withdrawals subject to the following conditions:

1. Partial withdrawals shall not be allowed within first five policy years.
2. The Life Assured is at least 18 years of age.
The Policyholder can also submit a request for Systematic (recurring) withdrawals.

Settlement Option
The Policyholder can avail of the settlement option for maturity benefit. The fund value will be paid in periodical installments over a period which may extend to 5 years.

Systematic Transfer Plan (STP)
You can choose to avail Systematic Transfer Plan (STP) which gives you the benefits of rupee cost averaging.

1. Policyholder can invest all or some part of his investment in Bond Fund and Liquid Fund and transfer a fixed amount in regular monthly instalments into any one of the following funds: Diversified Equity Fund, Blue Chip Fund, Equity Advantage Fund, Discovery Fund, Opportunities Fund or Balanced Fund.
2. The transfer will be done in 12 equal instalments. The transfer date can be either 1st or 15th of every month as chosen by the Policyholder.
3. At the time of transfer, the required number of units will be withdrawn from the fund chosen, at the applicable unit value, and new units will be allocated in the chosen destination fund.
4. The Systematic Transfer Plan will be regularly processed for the Policyholder till the Company is notified, through a written communication, to discontinue the same. Systematic Transfer Plan will not apply if the source Fund Value is less than the chosen transfer amount.
5. No additional charges apply on selecting Systematic Transfer Plan.
6. This strategy will be available only if premium is paid on Annual mode or for the Single Premium payment option.