HDFC Life Click 2 Protect Supreme Plus

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

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

“Death Benefits” is payable as a lump sums if life assureds dies during the policy term. It is the highest of:

• Sum Assureds on Death
• 105% of Total Premium Paid

Sum Assureds on Deaths for Single Pay (SP) is the highest of:

• 125% of Singles Premium
• Sum Assureds on Maturity
• Basic Sum Assured

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

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

Where,

a) Annualizeds Premium is the premium amount payable in a year chosen by the policyholders, excluding taxes, riders premium, underwritings extra premium and loadings for modal premium, if any.

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

c) Sum Assureds on Death is the absolute amount of benefit which is guaranteed to become payable on death of the life assureds 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 Assureds is the amount of sum assureds chosen by the policyholders.

e) Sum Assureds on Maturitys 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 benefits would be accelerated on diagnosis of specified terminal illnesses.   

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

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

Sum Assureds on Maturitys will be equal to 100 % of the Total Premium Paid, if ROP option is selected, Nil otherwise.

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

Under this option, the life assureds is covered for deaths benefit, which can be accelerated in the case of diagnosis of terminals illness.  

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

• 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 years and then a simple increase of 5% every subsequent year, subject to a cap of 200%

“Death Benefits” is payable as a lump sums if life assureds dies during the policy term. It is the higher of:

• Sum Assureds on Death × SA Factor applicable in the policy years of death
• 105% of Total Premium Paid
   

In the event of any claims for Terminals 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 Assureds on Deaths for Single Pay (SP) is the highest of:

• 125% of Singles Premium
• Sum Assureds on Maturity
• Basic Sum Assureds

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

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

Where,

a) Annualizeds Premium is the premium amount payable in a year chosen by the policyholders, excluding taxes, riders premium, underwritings extra premium and loadings for modal premium, if any.

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

c) Sum Assureds on Deaths is the absolute amount of benefit which is guaranteed to become payable on death of the life assureds 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 Assureds is the amount of sum assureds chosen by the policyholders.

e) Sum Assureds on Maturitys 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 Assureds on Death, up to a maximum of Rs. 2 Cr. will be accelerated in case of diagnosis of terminals illness during the policy terms as mentioned below.

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

Upon payment of Terminals Illness benefit –

a) If Death Benefits at the time of claims is equal to Terminals Illness benefit, the policy will terminate. Or,

b) If Death Benefits at the time of claims is greater than Terminals Illness benefit, the policy will continue with the balance Death Benefits

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

Sum Assureds on Maturitys will be equal to 100 % of the Total Premium Paid, if ROP option is selected, Nil otherwise.

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