HDFC LIFE Click 2 Invest
HDFC LIFE Click 2 Invest is a Unit-Linked Insurance Plan (Non- Participating) which provides life protection cover to you while providing market linked returns. The plan assists you to achieve your pre-determined investment goals by offering 11 different fund options. There are 3 premium payment options available under this plan and the policy term ranges from 5-20 years. The plan also offers 2 additional riders namely HDFC Life Income Benefit on Accidental Disability Rider and HDFC Life Critical Illness Plus Rider.
Moreover, the plan allows you to cancel the policy within 15 days if purchased offline (30 days if the policy is purchased online) from its receipt in case you do not agree with the terms and conditions. On cancellation of such policy, the premium paid will be refunded after deducting charges for proportionate risk premium for the covered period, medical examination, and stamp duty.
Best Features of HDFC LIFE Click 2 Invest
Below mentioned are some notable features of HDFC LIFE Click 2 Invest which represents the plan in its best form:
- Fund Options: The plan comes with 11 fund options which can be easily switched anytime.
- Premium Payment Options: The plan provides the flexibility to choose from 3 premium payment options- single play, regular pay and limited pay.
- Premium Payment Frequency: The premium can be paid monthly, half-yearly, quarterly, and yearly.
- Rider Benefits: There are 2 optional rider benefits named as HDFC Life Income Benefit on Accidental Disability Rider and HDFC Life Critical Illness Plus Rider.
- Revival: The discontinued policy can be revived within 3 consecutive years from the date of first unpaid premium.
- Maturity: HDFC LIFE Click 2 Invest provides maturity benefit which can be withdrawn in periodical installments.
Benefits of HDFC Life Click 2 Invest
Below mentioned are some note-worthy benefits offered by HDFC Life Click 2 Invest:
- Death Benefits
In case the assured dies within the policy, the nominee is entitled to the following options, whichever is the highest:
- Sum Assured
- Fund Value
- 105% of the premiums paid
After the payment of any of the above, the policy terminates and no future benefit is payable to the nominee.
- Maturity Benefits
When the policy ends, assured is entitled to maturity benefits in the form of Fund Value. It is calculated by multiplying balance units in the fund with the prevailing unit price. The payout of the Fund Value can be in periodical installments.
- Partial Withdrawal Benefit
The investor is allowed to withdraw from the funds in case of any contingency. Such withdrawals can be made in lump sum after completing 5 policy years.
- Rider Benefits
Below mentioned are 2 rider benefit options under this policy to enhance the protection of the assured in case of any uncertainty.
- HDFC Life Income Benefit on Accidental Disability Rider- if the assured becomes disable due to an accident, then 1% of the rider sum assured is payable per month for the next 10 years.
- HDFC Life Critical Illness Plus Rider- if the assured gets diagnosed with a critical illness that is covered in the list of critical illnesses, then the rider sum benefit is payable as lump sum.
HDFC Life Click 2 Invest Eligibility
| Eligibility Criteria for HDFC Life Click 2 Invest | HDFC LIFE Click 2 Invest |
| Minimum Age at Entry (years) | 30 days |
| Maximum Age at Entry (years) | 65 Years |
| Minimum Age at Maturity (years) | 18 Years |
| Maximum Age at Maturity (years) | 75 Years |
| Policy Term | 5 Years - 20 Years |
| Premium Payment Mode | Single Pay Limited Pay - 5, 7, 10 Years Regular Pay - 5-20 Years |
| Premium Payment Frequency | Single, Annual, Half-Yearly , Quarterly, and Monthly |
| Sum Assured | Regular and limited Pay (Age at Entry <= 55 years) - 10 x annualised premium Regular and limited Pay (Age at Entry >= 55 years) - 7 x annualised premium Single Pay - 125% of single premium |
HDFC Life Click 2 Invest Fund Options
| Fund Name | Asset Class | Risk and Return Rating | ||
| Money Market Instruments, Cash and Deposits, Liquid Mutual Funds | Government Securities, Fixed Income Instruments and Bonds | Equity | ||
Fund Composition | ||||
| Equity Plus Fund | 0%-20% | 0%-20% | 80%-100% | Very High |
| Diversified Equity Fund | 0%-40% | 0%-40% | 60%-100% | Very High |
| Blue Chip Fund | 0%-20% | - | 80%-100% | Very High |
| Opportunities Fund | 0%-20% | - | 80%-100% | Very High |
| Balanced Fund | 0%-20% | 0%-60% | 40%-80% | Moderate to High |
| Income Fund | 0%-20% | 80%-100% | - | Moderate |
| Bond Fund | 0%-60% | 40%-100% | - | Moderate |
| Conservative Fund | 0%-60% | 40%-100% | - | Low |
| Discovery Fund | 0%-10% | 0%-10% | 90%-100% | Very High |
| Equity Advantage Fund | 0%-20% | 0%-20% | 80%-100% | Very High |
| Secure Managed Fund | 0%-25% | 75%-100% | - | Low to Moderate |
HDFC Life Click 2 Invest Plan Review
HDFC Life Click 2 Invest Plan is an affordable investment plan which provides financial security during uncertain times whilst maximising your fund value. The plan provides 11 fund options, you can choose the one best suited to your investment style and requirements. With multiple benefits like death benefit, maturity benefit, partial withdrawal, etc., the plan helps you meet your insurance requirements along with wealth creation goals. HDFC Life Click 2 Invest Plan has minimal charges which further helps you minimise your expenses and maximise your wealth.
The plan also provides a grace period to the assured in case the due premium payments are not made. The grace period is of 30 days (15 days if monthly mode is chosen) and during this period, the policy stays in force and risk cover is provided without any interruption. If the premium is not paid during the grace period, the policy discontinues. However, the revival of the discontinued policy can be done within 3 years from the first unpaid premium.
HDFC Life Click 2 Invest FAQs
1. What is the lock-in period in HDFC Life Click 2 Invest?
The lock-in period under HDFC Life Click 2 Invest is of 5 Years.
2. What are the different charges in HDFC Click 2 Invest plan?
The plan has 2 main charges namely Fund Management Charge and Mortality Charge. Other additional charges are Partial Withdrawal Charge, Switching Charge and Premium Redirection which are only levied if requests for partial withdrawal, fund switch and premium redirection are made.
3. How do I check the performance of my funds?
You can easily check the performance of your funds invested by visiting https://www.hdfclife.com/fund-performance. After visiting the website, fill out the particulars to get all the details related to your fund.
4. Is there any limit for the maximum amount which I can invest in a fund under this plan?
HDFC LIFE Click 2 Invest does not put any maximum limit to the investment amount, you can invest as much you require, subject to underwriting.