HDFC Life Click 2 Protect Super

Under this option, the life assured is covered for death benefit, which can be accelerated in the case of diagnosis of terminal illness.   

An additional amount will be payable in case of accidental death during policy term.

“Death Benefit” is payable as a lump sum if life assured dies during the policy term. It is the highest of:

• Sum Assured on Death × SA Factor applicable in the policy year of death
• 105% of Total Premiums Paid

Sum Assured on Death for Single Pay (SP) is the highest of:

• 125% of Single Premium
• Sum Assured on Maturity
• Basic Sum Assured

Sum Assured on Death for Other than Single Pay (Limited Pay and Regular Pay) is the highest of:

• 10 times of the Annualized Premium
• Sum Assured on Maturity
• Basic Sum Assured

Where,

a) Annualized Premium is the premium amount payable in a year chosen by the policyholder, excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

b) Total Premiums Paid are the total of all the premiums received, excluding any extra premium, any rider premium and taxes. Where additional options have been selected, Total Premiums Paid includes premium paid for base option as well as the premium paid for additional options selected.

c) Sum Assured on Death is the absolute amount of benefit which is guaranteed to become payable on death of the life assured in accordance with the terms and conditions of the policy or an absolute amount of benefit which is available to meet the health cover.

d) Basic Sum Assured is the amount of sum assured chosen by the policyholder.

e) Sum Assured on Maturity is the amount which is guaranteed to become payable on maturity of the policy, in accordance with the terms and conditions of the policy.

Death benefit would be accelerated on diagnosis of specified terminal illnesses.   

In case of diagnosis of terminal illness at ages greater than 80 years, death benefit will not be accelerated.   

On survival until Maturity, Sum Assured on Maturity will be payable

Sum Assured on Maturity will be equal to 100 % of the Total Premiums Paid, if ROP option is selected, Nil otherwise.

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

Under this option, the life assured is covered for death benefit, which can be accelerated in the case of diagnosis of terminal illness.  

SA Factor will depend on the variant chosen by the policyholder –

• A: Equal to 100% throughout the policy term
• B: Equal to 100% during the first 5 policy years and then a simple increase of 10% after every 5 years, subject to a cap of 200%
• C: Equal to 100% in the first policy year and then a simple increase of 5% every subsequent year, subject to a cap of 200%

“Death Benefit” is payable as a lump sum if life assured dies during the policy term. It is the higher of:

• Sum Assured on Death × SA Factor applicable in the policy year of death
• 105% of Total Premiums Paid
   

In the event of any claim for Terminal Illness or under any additional options chosen, there will be no further change in SA Factor and the same will remain level throughout the outstanding policy term.

Sum Assured on Death for Single Pay (SP) is the highest of:

• 125% of Single Premium
• Sum Assured on Maturity
• Basic Sum Assured

Sum Assured on Death for Other than Single Pay (Limited Pay and Regular Pay) is the highest of:

• 10 times of the Annualized Premium
• Sum Assured on Maturity
• Basic Sum Assured

Where,

a) Annualized Premium is the premium amount payable in a year chosen by the policyholder, excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

b) Total Premiums Paid are the total of all the premiums received, excluding any extra premium, any rider premium and taxes. Where additional options have been selected, Total Premiums Paid includes premium paid for base option as well as the premium paid for additional options selected.

c) Sum Assured on Death is the absolute amount of benefit which is guaranteed to become payable on death of the life assured in accordance with the terms and conditions of the policy or an absolute amount of benefit which is available to meet the health cover.

d) Basic Sum Assured is the amount of sum assured chosen by the policyholder.

e) Sum Assured on Maturity is the amount which is guaranteed to become payable on maturity of the policy, in accordance with the terms and conditions of the policy.

Sum Assured on Death, up to a maximum of Rs. 2 Cr. will be accelerated in case of diagnosis of terminal illness during the policy term as mentioned below.

In case of diagnosis of terminal illness at ages greater than 80 years, death benefit will not be accelerated.

Upon payment of Terminal Illness benefit –

a) If Death Benefit at the time of claim is equal to Terminal Illness benefit, the policy will terminate. Or,

b) If Death Benefit at the time of claim is greater than Terminal Illness benefit, the policy will continue with the balance Death Benefit

On survival until Maturity, Sum Assured on Maturity will be payable

Sum Assured on Maturity will be equal to 100 % of the Total Premiums Paid, if ROP option is selected, Nil otherwise.

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