Features And Benefits Of HDFC Life Click2Wealth

 

In this policy, the investment risks in the investment portfolio is borne by the policyholder

Unit Linked Insurance Plans (ULIPs) have emerged as a popular investment option for individuals seeking long-term financial growth while enjoying the benefits of insurance coverage. One such comprehensive ULIP that has garnered attention is the HDFC Life Click2Wealth Plan. In this article, we will delve into the reasons you should consider this plan, its suitability, key features, benefits, and how it can help secure your future.

Why and Who Must Buy of HDFC Life Click2Wealth

The HDFC Life Click2Wealth Plan is an ideal choice for individuals looking to achieve their financial goals, be it wealth creation, saving for retirement, or funding their children's education. This plan caters to a wide range of investors, including salaried employees, self-employed professionals, and business owners, who want to maximize their returns while enjoying life insurance coverage. If you are looking to strike a balance between investment and protection, this ULIP is worth considering.

Features Of HDFC Life Click2Wealth

1. 3 Plan Options

   Invest Plus, Premium Waiver, and Golden Years Benefit cater to different financial needs and goals.

2. Fund Choices

   Investors can choose from 11 fund options, allowing them to create a customized investment portfolio based on their risk appetite and financial objectives.

3. Flexibility

   You can switch between funds, redirect future premiums, and make partial withdrawals to meet any immediate financial requirements or to reallocate your investments.

4. Top-ups

   The plan allows you to invest additional amounts through top-ups, enabling you to boost your investment and maximize returns.

5. Life Insurance Coverage

   The HDFC Life Click2Wealth Plan provides life insurance coverage, ensuring financial protection for your family.

Benefits Of HDFC Life Click2Wealth

1. This ULIP offers the dual advantage of market-linked returns and life insurance coverage, providing a comprehensive financial solution.

2. Premiums paid towards the HDFC Life Click2Wealth Plan are eligible for tax deductions under Section 80C^# of the Income Tax Act, while the maturity amount is exempt under Section 10(10D), offering you additional tax savings. Benefits are explained as follows:

   1. Tax deduction under section 80C^#

      Premiums paid in a financial year towards premium of ULIP plans are eligible for deduction under Section 80C^# up to the limit of Rs. 1,50,000/- in a financial year.

   2. Tax exemption on maturity/death proceeds

      Proceeds received on maturity of ULIP plan are exempt from tax subject to provisions mentioned in Section 10(10D) i.e if the premium payable for any of the years during the policy term does not exceeds 10% of the death sum assured.

      In addition to the above, for policies issued after 1st Feb 2021 tax exemption on maturity proceeds will be available if premium paid in any of the years towards such matured polices does not exceed Rs.2,50,000. Out of the total matured policies in a financial year, exemption u/s 10(10D) will be available only towards those polices who’s aggregate premium in any years does not exceed Rs. 2,50,000/.

      Rest policies exceeding the mentioned limit will be chargeable as capital gains.

      Death proceeds shall be exempt from tax for all ULIP plans.

3. The plan offers complete transparency concerning charges, ensuring that you are well informed about your investments.

4. You have the flexibility to manage and control your investments, allowing you to optimize returns based on your financial goals and risk appetite.

Secure Your Future with HDFC Life Click2Wealth

The HDFC Life Click2Wealth Plan is a powerful tool for securing your financial future. By investing in this ULIP, you can not only achieve your financial goals but also ensure that your loved ones are protected in case of unforeseen circumstances. This plan empowers you to take charge of your investments, enabling you to build a robust financial portfolio and enjoy a secure future.

Conclusion

The HDFC Life Click2Wealth Plan is a versatile ULIP that offers a unique blend of investment and insurance, catering to a wide range of financial needs. Its flexibility, fund choices, and transparency make it an attractive option for individuals seeking long-term financial growth and security. Invest in the HDFC Life Click2Wealth Plan today!

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ARN - MC/04/23/1697