How does this Plan work?
Under this HDFC Life Click2Protect 3D Plus plan, an individual chooses policy term, premium payment mode and a plan from the 9 available options along-with the sum assured. The table given highlights key features of the 9 plans:
Benefits |
Plans
|
Life |
3D Life |
Extra Life |
Income |
Extra Life Income |
Income Replacement |
Return of Premium |
Lifelong Protection |
3D Lifelong Protection |
Casual Death Benefit |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes till the person lives |
Yes till the person lives |
Terminal Illness Benefit |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Premium Waiver on Permanent Accidental Disability |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Premium Waiver on Diagnosis of Critical Illness |
-- |
Yes |
-- |
-- |
-- |
-- |
-- |
-- |
Yes |
Benefits Due to Accidental Death |
-- |
-- |
Yes |
-- |
Yes |
-- |
-- |
-- |
-- |
12 Monthly Installments are paid annually for a specific term |
-- |
-- |
-- |
Yes with a yearly increment of 10% SA |
Yes |
Yes with a yearly increment of 10% SA |
-- |
-- |
-- |
On Maturity the premium is return |
-- |
-- |
-- |
-- |
-- |
-- |
Yes |
-- |
-- |
In this plan the lump sum paid to the nominee on death of the insured is inclusive of the sum assured on death and additional benefits. Depending on the mode of premium paid, the sum assured on death is paid.
Single Premium Payment |
Regular & Limited Premium Payment |
The Sum Assured on Death is higher value from: |
The Sum Assured on Death is higher value from: |
|
- 10 times of the annual premium
|
- Guaranteed Sum Assured on Maturity
|
- 105% of total Premiums paid
|
|
- Guaranteed Sum assured on Maturity
|
|
|
There’s also an additional feature of increasing the basic sum assured as per progression of life stages:
- Marriage: 50% of Sum assured upto a maximum limit of Rs. 50 lakhs
- Birth of first child: 25% of the assured is paid upto a maximum limit of Rs. 25 lakhs
- Birth of second child: 25% of the assured is paid upto a maximum limit of Rs. 25 lakhs
Along with the above benefits, one can even select a top-up option for all plans. With this option the individual gets a systematic increase on basic cover from 1st policy year onwards. This has to be chosen during buying the policy and is subject to BAUP (Board approved underwriting principle).
Let us look at illustrations below for each plan:
Person’s age: 37 years
Policy term: 25 years (not applicable for Lifelong Protection and 3D Life Long Protection)
Sum assured: Rs. 1 crore.
- Life Option: Under this option the person pays regular premium for 25 years and gets a basic life cover. Suppose the person meets with an accident and becomes permanently disabled during the policy term then the future premiums are waived off. If in-case on diagnosis of terminal illness or, death of the insured during the policy term, then the nominee receives Rs 1 crore.
- 3D Life Option: Under this option the person pays regular premium for 25 years and gets life cover and critical illness cover. Suppose the person meets with an accident and becomes permanently disabled or is diagnosed with one of the 34 critical illnesses during the policy term then the future premiums are waived off. If in-case on diagnosis of terminal illness or, death of the insured during the policy term then the nominee receives Rs 1 crore.
- Extra Life Option: Under this option the person pays regular premium for 10 years get a life cover on casual or accidental death. Suppose the person becomes permanently disabled accidentally during the policy term then the future premiums are waived off. If in-case on diagnosis of terminal illness or casual death of the insured during the policy term, then the nominee receives Rs 1 crore but if the insured dies due to an accident the nominee gets an additional accidental death benefit of Rs 25 lakhs if selected.
- Income option: Under this option the person pays regular premium for 25 years and gets a basic life cover. Suppose the person meets with an accident and becomes permanently disabled during the policy term then the future premiums are waived off. If a person is diagnosed with terminal illness then the person receives a lumpsum of Rs 1 crore. Additionally besides a lumpsum of Rs 1 crore the nominee receives a monthly income for a specific term of 10 years (income term) chosen, when the insured dies during the policy term.
- Extra Life Income option: Under this option the person pays regular premium for 25 years get a life cover on casual or accidental death and monthly income. Suppose the person meets with an accident and becomes permanently disabled during the policy term then the future premiums are waived off. If a person is diagnosed with terminal illness then the person receives a lumpsum of Rs 1 crore during the policy term. The nominee receives Rs 1 crore and monthly income for a specific term of 10 years (income term) chosen, during the policy term. If the insured dies due to an accident the nominee gets an additional accidental death benefit.
- Income Replacement Option: Under this option the person pays regular premium for 20 years get a life cover death and monthly income. Suppose the person meets with an accident and becomes permanently disabled during the policy term then the future premiums are waived off. If in-case on diagnosis of terminal illness or, death of the insured during the policy term, then the nominee receives Rs 1 crore.
- Return of Premium Option: Under this option the person pays regular premium for 25 years and gets a basic life cover with return of premium. Suppose the person meets with an accident and becomes permanently disabled during the policy term then the future premiums are waived off. Once the policy term ends, on maturity the insured person on survival gets back the premium paid. If in-case on diagnosis of terminal illness or death of the insured during the policy term, then the nominee receives Rs 1 crore.
- Life Long Protection Option: Under this option the person pays regular premium for 28 years (i.e. 65-37) and gets a whole life cover. Suppose the person meets with an accident and becomes permanently disabled during the premium payment term then the future premiums are waived off. If in-case on diagnosis of terminal illness or death of the insured, then the nominee receives Rs 1 crore anytime till he is alive.
- 3D Life Long Protection Option: Under this option the person pays regular premium for 28 years (i.e. 65-37) and gets a whole life cover. Suppose the person meets with an accident and becomes permanently disabled or is diagnosed with one of the 34 critical illnesses during the premium payment term then the future premiums are waived off. If in-case on diagnosis of terminal illness or death of the insured then the nominee receives Rs 1 crore, anytime till he is alive.
Claim Process
Know Claim Process of HDFC Life Click 2 Protect 3D Plus
Claim Process