HDFC Life Click 2 Achieve

In case of death of Life Assured during the policy term, the death benefit shall be payable to the nominee.

Death Benefit is highest of:

• Sum Assured on Death

• 105% of Total Premiums Paid

• Surrender Value on date of death

Where, Sum Assured on Death shall be minimum of 7 times Annualized Premium.

Upon the payment of the death benefit, the policy terminates and no further benefits are payable

The amount of survival benefit in each year of benefit payment will be as chosen by the policyholder at inception.

On Maturity, Sum Assured on Maturity shall be payable, as chosen by the policyholder at policy inception. Additionally, the policyholder can choose to receive an income benefit for the duration of income term, which starts on policy maturity date. The income term and amount of income benefit in each year of benefit payment will be as chosen by the policyholder at inception.

On death of the policyholder during the Income Term, the nominee/beneficiary would continue receiving the income benefit till the end of income term

Waiver of Premium on Death (WOP Death)

If this is selected, all future premiums payable under the plan will be waived, on death of the proposer. The contract shall continue and all benefits shall be available as applicable under the policy. 

WOP Death can be chosen only at policy inception. Once chosen this cannot be opted out of.

Waiver of Premium on CI (WOP CI)

If this is selected, all future premiums payable under the plan will be waived, if the proposer is diagnosed with any of the covered critical illnesses. The contract shall continue and all benefits shall be available as applicable under the policy

WOP CI can be chosen only at policy inception. Once chosen this cannot be opted out of.

Waiver of Premium on Total and Permanent Disability (WOP TPD)

If this is selected, all future premiums payable under the plan will be waived, in case of occurrence of total and permanent disability of the proposer. The contract shall continue and all benefits shall be available as applicable under the policy.

WOP TPD can be chosen only at policy inception. Once chosen this cannot be opted out of.

In case of death of Life Assured during the policy term, the death benefit shall be payable to the nominee/ beneficiary.

Death Benefit is the highest of:

• Sum Assured on Death

• 105% of Total Premiums Paid

• Surrender Value on date of death

Where, Sum Assured on Death shall be 10 times Annualized Premium.

Upon the payment of the death benefit, the policy terminates and no further benefits are payable.

Survival benefit can start in the policy year in which the life assured is aged either 16 years or 18 years, as chosen by the policyholder at inception. Survival benefit is payable in the last 3, 4 or 5 policy years, as chosen by the policyholder at inception. The last instalment of survival benefit (as described above) is payable on maturity. There is no additional maturity benefit payable.

Outstanding Achievement Award 

An amount equal to 2 times Annualized Premium will be paid if the child (Life Assured) achieves one of the following:

• Admission in one of the top 100 ranked universities of the world or the top 10 ranked universities of India^#.

• Qualifying for Olympics, Paralympics or Winter Olympics in any sport.

• Gold, Silver or Bronze medal in Asian Games, Commonwealth Games, or the world championship of any sport under one of the recognised National Sports Federations in India.

• Gold, Silver or Bronze medal in Delphic Games in any art category.

The following additional conditions apply for Outstanding Achievement Award:

• The benefit can be claimed only once during the policy term.

^# University rankings shall be as published by a recognised publisher of university rankings. Currently this is the QS World University Rankings.

Waiver of Premium on Death (WOP Death)

All future premiums payable under the plan will be waived, on death of the proposer. The contract shall continue and all benefits shall be available as applicable under the policy.

Waiver of Premium on CI (WOP CI)

All future premiums payable under the plan will be waived, if the proposer is diagnosed with any of the covered critical illnesses. The contract shall continue and all benefits shall be available as applicable under the policy.

Waiver of Premium on Total and Permanent Disability (WOP TPD)

All future premiums payable under the plan will be waived, in case of occurrence of total and permanent disability of the proposer. The contract shall continue and all benefits shall be available as applicable under the policy.