HDFC Click 2 Protect 3D plan

HDFC Life Click 2 Protect 3D Plus is an online term insurance plan which aims to provide a complete scope of coverage to you. The plan not only covers premature death but also covers disability and diseases under its different variants. Thus, at an affordable premium, you can secure the financial security of yourself and your family through the comprehensive scope of coverage offered by the plan.

Best Features of HDFC Life Click 2 Protect 3D Plus

Here are some of the salient features of HDFC Life Click 2 Protect 3D Plus plan which makes the plan unique among other term plans –

• There are nine types of coverage variants offered by the plan. This gives you the flexibility to choose the most suitable coverage based on your needs
• Your family can maintain its standard of living even after your demise with the coverage offered by the policy
• The plan has an inbuilt rider benefit of Accidental Total Permanent Disability under all variants
• Terminal illness benefit is also inbuilt under the policy under all variants.
• Under some variants, you can enjoy coverage till 100 years of age
• The plan offers Life Stage Protection benefit which allows you to increase your sum assured on marriage and/or childbirth without having to undergo medical check-ups
• You can increase the sum assured every year through the benefit of top-up
• Attractive premium discounts are offered which reduce your premium outgoes and make the plan all the more affordable

Benefits of HDFC Life Click 2 Protect 3D Plus

Here are the different types of benefits that you can get if you choose to buy HDFC Life Click 2 Protect 3D Plus –

1. Life Stage Protection Benefit

HDFC Life understands your need for enhanced coverage when your responsibilities increase. That is why HDFC Life Click 2 Protect 3D Plus plan offers you the benefit of enhancing the sum assured when you get married and/or when you have children. You can increase your sum assured by 50% on marriage and by 25% each on the birth of up to two children. This increase is allowed without medical check-ups and if the insured is below 45 years of age at the time of marriage and/or childbirth. The maximum increase allowed in case of marriage is up to INR 50 lakhs and up to INR 25 lakhs for each child.

2. Top up benefit

You are allowed to increase the sum assured of the policy every year by choosing the top-up benefit. You can opt for this benefit when buying the policy and stop the increase any time during the policy tenure.

3. Rider benefits

Two optional riders are allowed under HDFC Life Click 2 Protect 3D Plus plan. These are HDFC Life Income Benefit on Accidental Disability Rider and HDFC Life Critical Illness Plus Rider. You can choose one or both these riders for a comprehensive scope of coverage by paying an additional premium. The riders are discussed in detail below.

4. Surrender benefit

If you surrender and exit from the plan during the coverage duration, some plan variants would pay you a surrender benefit. The benefit depends on the premiums paid and the plan variant selected. If you pay a single premium, you would be eligible for the surrender value immediately after buying the plan. However, if you pay premiums regularly or for a limited period, surrender value becomes available after the completion of two policy years if the premiums are payable for less than 10 years or three policy years otherwise. The surrender value payable would be as follows –

For Income Replacement Option plan variant –

70% of total premium paid under single or limited premium payment mode * {(Unexpired policy tenure / Original policy tenure) ^2)}

For Return of Premium Option plan variant

Guaranteed Surrender Value Factor * aggregate premiums paid

For Life Long Protection and 3D Life Long Protection Option plan variants –

70% of total premium paid * [{Maximum of (0-surrender age) or (100-surrender age)} / (100-entry age)]

For all other plan variants 

70% of total premium paid under single or limited premium payment mode * (Unexpired policy tenure / Original policy tenure)

What is Covered?

Depending on the plan variant which you choose, HDFC Life Click 2 Protect 3D Plus plan covers the following contingencies –

1. Premature death
2. Terminal illness
3. Accidental Total and Permanent Disablement
4. Critical illness
5. Accidental Death

HDFC Life Click 2 Protect 3D Plus Variants 

HDFC Life Click 2 Protect 3D Plus comes in nine different plan variants which cover different contingencies. Here’s a look at these variants in details –

1. Life Option

This option provides the following types of coverage benefits –

2. Death benefit

If the insured dies during the term of the policy, the policy pays a death benefit. The death benefit is calculated as a sum of Sum Assured on Death and Additional Benefits. 

The Sum Assured on Death is calculated as follows –

Additional Benefits is applicable only under the Income Replacement Option which would be the series of all future monthly incomes.

1. Terminal illness benefit
   Terminal illness benefit is an inbuilt rider under the plan. Under this benefit, if the insured is diagnosed with a terminal illness during the policy tenure, the sum assured is paid.
    
2. Accidental Total Permanent Disability
   This is also an inbuilt rider benefit under this policy. This rider covers accidental total and permanent disability. If you suffer permanent and total disablement in an accident, the premiums of the policy would be waived off but the coverage would continue undisturbed.

Here’s how the option works –

Example – 

Benefits payable –

1. If Mr Verma dies during the tenure of 40 years, INR 50 lakhs would be paid and the plan would be terminated
2. If he suffers from a terminal illness during the term of the policy, INR 50 lakhs would be paid and the plan would be terminated
3. If he suffers from accidental total permanent disability, the premium of INR 22,275 would be waived off for the remaining term but the coverage would continue. If he dies subsequently or suffers from a terminal illness within the term, INR 50 lakhs would be paid and the plan would be terminated. If, however, he survives the policy tenure, no benefit would be paid on maturity.

3D Life Option 

Under this option, besides the coverage offered under the Life Option, coverage for critical illnesses is also allowed. Thus, the plan offers the following coverage benefits –

1. Death benefit wherein a lump sum benefit is paid on death during  the term
2. Terminal illness benefit wherein the death benefit is paid if the insured suffers from a terminal illness during the coverage tenure
3. Accidental total permanent disability benefit wherein premiums are waived if the insured suffers from a total and permanent disability due to an accident. The plan, however, continues till the end of the tenure
4. Critical illness benefits
   The plan covers 34 types of critical illnesses. If you are diagnosed with any of the covered critical illnesses, the premiums payable under the policy would be waived off. The coverage, however, would continue undisturbed.

Here’s how the option works –

Example – 

Benefits payable –

1. If Mr. Verma dies during the tenure of 40 years, INR 50 lakhs would be paid and the plan would be terminated
2. If he suffers from a terminal illness during the term of the policy, INR 50 lakhs would be paid and the plan would be terminated
3. If he suffers from accidental total permanent disability or a critical illness covered by the policy, the premium of INR 22,509 would be waived off for the remaining term but the coverage would continue. If he dies subsequently or suffers from a terminal illness within the term, INR 50 lakhs would be paid and the plan would be terminated. If, however, he survives the policy tenure, no benefit would be paid on maturity.

Extra Life Option 

Under this option, the following coverage benefits are offered –

1. Death benefit wherein a lump sum benefit is paid on death during  the term
2. Terminal illness benefit wherein the death benefit is paid if the insured suffers from a terminal illness during the coverage tenure
3. Accidental total permanent disability benefit wherein premiums are waived if the insured suffers from a total and permanent disability due to an accident. The plan, however, continues till the end of the tenure
4. Accidental death benefit
   This benefit covers accidental deaths during the policy tenure. An additional benefit would be paid in case of death due to accident during the policy tenure.

Here’s how the option works –

Example – 

Benefits payable –

1. If Mr. Verma dies during the tenure of 40 years, INR 50 lakhs would be paid and the plan would be terminated
2. If he dies in an accident, INR 1 crore would be paid as a death  benefit to the nominee and the plan would be terminated
3. If he suffers from a terminal illness during the term of the policy, INR 50 lakhs would be paid and the plan would be terminated
4. If he suffers from accidental total permanent disability, the premium of INR 29,017 would be waived off for the remaining term but the coverage would continue. If he dies subsequently or suffers from a terminal illness within the term, INR 50 lakhs would be paid and the plan would be terminated. If, however, he survives the policy tenure, no benefit would be paid on maturity.

Income Option 

This option aims to provide your family with regular incomes in case of your demise during the policy tenure. Thus, the option offers the following coverage benefits –

1. Income benefit
   This benefit would pay regular incomes to your family in case of your premature demise or diagnosis of terminal illness during the plan tenure. You can choose the mode of payment of the death benefit as lump sum and income. You would then have to choose the income payment period and the amount of income payable to your family. You can also choose to increase this income every year at a simple rate of interest too or keep the income level uniform.
2. Accidental total permanent disability benefit wherein premiums are waived if the insured suffers from a total and permanent disability due to an accident. The plan, however, continues till the end of the tenure

Here’s how the option works –

Example – 

Benefits payable –

1. If Mr. Verma dies during the tenure of 40 years, INR 50 lakhs would be paid in a lump sum. Thereafter, INR 10,000 would be paid to his family every month for 10 years. After 10 years are over, the plan would be terminated
2. If he suffers from a terminal illness during the term of the policy, INR 50 lakhs would be paid in a lump sum. Thereafter, INR 10,000 would be paid every month for 10 years. After 10 years are over, the plan would be terminated
3. If he suffers from accidental total permanent disability, the premium of INR 29,364 would be waived off for the remaining term but the coverage would continue. If he dies subsequently or suffers from a terminal illness within the term, INR 50 lakhs would be paid in a lump sum. Thereafter, INR 10,000 would be paid every month for 10 years. After 10 years are over, the plan would be terminated.

Extra Life Income Option 

This option is similar to the Extra Life option but it also includes an additional inbuilt accidental death benefit. Thus, the plan offers coverage for the following –

1. Income benefit wherein, on death or terminal illness during the term of the policy, a lump sum benefit and an income benefit is paid to the family
2. Extra income benefit

Under this benefit, in case of accidental death, an additional lump sum and income amount are paid to the family in addition to the lump sum and income payable under the above-mentioned income benefit. 

Accidental total permanent disability benefit wherein premiums are waived if the insured suffers from a total and permanent disability due to an accident. The plan, however, continues till the end of the tenure

Here’s how the option works –

Example – 

Benefits payable –

1. If Mr. Verma dies during the tenure of 40 years, INR 50 lakhs would be paid in a lump sum. Thereafter, INR 10,000 would be paid to his family every month for 10 years. After 10 years are over, the plan would be terminated
2. If he dies in an accident, INR 1 crore would be paid in a lump sum. Thereafter, INR 20,000 would be paid to his family every month for 10 years. After 10 years are over, the plan would be terminated
3. If he suffers from a terminal illness during the term of the policy, INR 50 lakhs would be paid in a lump sum. Thereafter, INR 10,000 would be paid every month for 10 years. After 10 years are over, the plan would be terminated
4. If he suffers from accidental total permanent disability, the premium of INR 37,506 would be waived off for the remaining term but the coverage would continue. If he dies subsequently or suffers from a terminal illness within the term, INR 50 lakhs would be paid in a lump sum. Thereafter, INR 10,000 would be paid every month for 10 years. After 10 years are over, the plan would be terminated. If, however, he dies in an accident, INR 1 crore would be paid in a lump sum. Thereafter, INR 20,000 would be paid to his family every month for 10 years. After 10 years are over, the plan would be terminated

Income Replacement Option

Under this plan option, the following benefits are payable to the insured –

1. Death benefit  wherein a lump sum benefit is paid if the insured dies during the policy tenure
2. Terminal illness benefit wherein a lump sum benefit is paid if the insured suffers from a terminal illness during the policy tenure
3. Income replacement benefit

This benefit aims to replace the income lost by the family when the breadwinner dies prematurely. You choose the amount of annual income payable to the family when buying the policy. You can also opt to increase the income every year if you need. Thereafter, on death or terminal illness, the income would be paid to your family till the end of the policy tenure subject to a minimum tenure of 4 years.

1. Accidental total permanent disability benefit wherein premiums are waived if the insured suffers from a total and permanent disability due to an accident. The plan, however, continues till the end of the tenure

Here’s how the option works –

Example – 

Benefits payable –

1. If Mr. Verma dies in the 25th year of the policy, INR 12 lakhs would be paid in a lump sum. Thereafter, INR 1 lakh would be paid to his family every month for the rest of the policy duration of 15 years. The plan would be terminated on maturity
2. If he suffers from a terminal illness in the 25th year of the policy, INR 12 lakhs would be paid in a lump sum. Thereafter, INR 1 lakh would be paid to his family every month for the rest of the policy duration of 15 years. The plan would be terminated on maturity
3. If he suffers from accidental total permanent disability, the premium of INR 51,672 would be waived off for the remaining term but the coverage would continue. If he dies subsequently or suffers from a terminal illness within the term, INR 12 lakhs would be paid in a lump sum. Thereafter, INR 1 lakh would be paid to his family every month for the rest of the policy duration. On maturity, the policy would be terminated

2Return of Premium Option

This option has a maturity benefit and offers the following coverage benefits –

1. Death benefit wherein a lump sum benefit is paid on death during  the term
2. Terminal illness benefit wherein the death benefit is paid if the insured suffers from a terminal illness during the coverage tenure
3. Accidental total permanent disability benefit wherein premiums are waived if the insured suffers from a total and permanent disability due to an accident. The plan, however, continues till the end of the tenure
4. Return of premium benefits
   The premiums paid during the course of the plan would be refunded back if you survive till the end of the policy tenure. 

Here’s how the option works –

Example – 

Benefits payable –

1. If Mr. Verma dies during the tenure of 40 years, INR 50 lakhs would be paid and the plan would be terminated
2. If he suffers from a terminal illness during the term of the policy, INR 50 lakhs would be paid and the plan would be terminated
3. If he suffers from accidental total permanent disability, the premium of INR 42,099 would be waived off for the remaining term but the coverage would continue. If he dies subsequently or suffers from a terminal illness within the term, INR 50 lakhs would be paid and the plan would be terminated.
4. If Mr. Verma survives the plan duration of 40 years, he would get a maturity benefit of INR 420,099

Life-long Protection Option 

This option covers you till 100 years of age and offers the following coverage benefits –

1. Whole life benefit

Under the plan, coverage is allowed up to 99 years of age. Thus, the plan runs life long and pays the benefit whenever the insured dies or suffers from a terminal illness before attaining 99 years of age.

1. Accidental total permanent disability benefit wherein premiums are waived if the insured suffers from a total and permanent disability due to an accident. The plan, however, continues till the end of the tenure

Here’s how the option works –

Example – 

Benefits payable –

1. If Mr. Verma dies during any time during the term, INR 50 lakhs would be paid and the plan would be terminated
2. If he suffers from a terminal illness during the term of the policy, INR 50 lakhs would be paid and the plan would be terminated
3. If he suffers from accidental total permanent disability, the premium of INR 53,171 would be waived off for the remaining term but the coverage would continue. If, he dies subsequently or suffers from a terminal illness within the term, INR 50 lakhs would be paid and the plan would be terminated.

3D Lifelong Protection Option 

This option combines the benefit of lifelong protection along with critical illness coverage. The following benefits are allowed under this variant –

1. Whole life benefits wherein the plan runs lifelong. If the insured dies or becomes terminally ill any time during the policy tenure, a lump sum benefit would be paid
2. Accidental total permanent disability benefit wherein premiums are waived if the insured suffers from a total and permanent disability due to an accident. The plan, however, continues till the end of the tenure
3. Critical illness benefit wherein 34 critical illnesses would be covered. If the insured suffers from any covered illness, the premium would be waived but the policy would continue lifelong.

Here’s how the option works –

Example – 

Benefits payable –

1. If Mr. Verma dies during any time during the term, INR 50 lakhs would be paid and the plan would be terminated
2. If he suffers from a terminal illness during the term of the policy, INR 50 lakhs would be paid and the plan would be terminated
3. If he suffers from accidental total permanent disability or a covered critical illness, the premium of INR 53,171 would be waived off for the remaining term but the coverage would continue. If he dies subsequently or suffers from a terminal illness within the term, INR 50 lakhs would be paid and the plan would be terminated.

Moreover, besides the coverage options, if Mr. Verma chooses the Life Stage Protection feature, he can increase his sum assured by INR 25 lakhs when he gets married and then by INR 12.5 lakhs each if he has a child for up to two children.

HDFC Life Click 2 Protect 3D Plus Eligibility

Given below are the eligibility parameters of buying HDFC Life Click 2 Protect 3D Plus plan –

What is not Covered?

The primary exclusion under HDFC Life Click 2 Protect 3D Plus plan is for suicides. Suicides within 12 months of buying or reviving the policy would not be covered. In such cases, the following benefits would be paid –

• If the insured dies due to suicide within 12 months of buying the plan, 80% of the premiums paid would be refunded
• If the insured dies due to suicide within 12 months of reviving a lapsed plan, higher of 80% of the premiums paid or the surrender value would be paid as a death benefit

Moreover, if the plan variant covers accidental deaths, deaths due to the following instances would not be covered –

• Occurring 180 days after the accident
• Suicide attempted suicides or self-inflicted injuries
• Alcohol and drug abuse
• War, nuclear contamination, mutiny and related perils
• Engaging in flying activities other than as a fare-paying passenger
• Acts of criminal nature
• Participation in adventure sports or hazardous activities

If, on the other hand, the plan variant allows coverage for critical illnesses, the following would not be covered –

• Illnesses occurring within 90 days of policy issuance
• Illnesses which cause death within 30 days of diagnosis
• Suicides, self-inflicted injuries or deliberate self-harm
• Alcohol and drug abuse
• Acts of criminal nature
• Failure to follow medical advice or seek medical help
• Radioactive contamination

In case of terminal illnesses, illnesses suffered due to AIDS would not be covered.

HDFC Life Click 2 Protect 3D Plus Details 

Here are some of the important details of HDFC Life Click 2 Protect 3D Plus plan which you should know about –

1. Free-look cancellation
   Free-look cancellation is the benefit wherein you can cancel the policy after buying. HDFC Life Click 2 Protect 3D Plus allows you a period of 15 days from policy issuance to cancel the policy if you are not satisfied and avail the refund of your premiums. In case of online or distance marketing modes, the period is extended to 30 days.
2. Revival
   If your HDFC Life Click 2 Protect 3D Plus policy has lapsed due to non-payment of premiums, you can revive the policy by paying the outstanding premium. Such revivals can be done within 5 years from the date of lapse of the plan.
3. Grace period 
   If you are unable to pay the premium of the plan within the due date, you would be allowed an extended period to pay the premium. This period is called the grace period and during this period the policy cover does not lapse. For monthly premiums, the grace period allowed is 15 days while for other modes of premium payments, a grace period of 30 days is allowed.
4. Paid-up value
   If you discontinue paying the premiums of the policy and the plan variant allows you a surrender benefit, you can continue the policy at a reduced sum assured till the end of the term. This is called making the policy paid-up and the facility is available if you do not surrender the policy. 

The reduced sum assured is called the paid-up value and it is calculated as follows –
(Sum Assured on Death + Additional Benefits) × (Total Premiums Paid)/ (Total Premiums Payable)
In case of Return of Premium Option variant, where there is a maturity benefit, the paid-up value payable on maturity would be as follows –
Sum Assured on Maturity × (Total Premiums Paid)/ (Total Premiums Payable)
The death benefit in a paid-up policy would be higher of the paid-up sum assured, ten times the annualized premium or 105% of total premiums paid till death.

HDFC Life Click 2 Protect 3D Plus Claim Process

The claim process would depend on the type of plan variant that you have selected and the type of claim incurred. Here are the respective claim processes for different types of claims under your HDFC Life Click 2 Protect 3D Plus plan - 

Death claims

1. The nominee would have to inform the insurance company of the death of the insured  and initiate the claim process
2. The claim process can be initiated online, through WhatsApp or through the company’s branch
3. To apply for a death claim, the nominee should fill up the relevant claim form and submit it with the necessary documents to the insurance company
4. The insurance company would, then, verify the documents and the form submitted. If everything is found in order, the claim would be settled at the earliest

Documents required for death claim

1. The claim form, which should be filled and signed by the nominee
2. Policy document
3. Death certificate of the insured
4. Police FIR or Medico-Legal Certificate, coroner’s report, panchnama, police inquest report, post-mortem report, etc. in case of accidental death
5. Identity proof and bank account details of the nominee

Maturity claims

1. If the policy matures and you have opted for the Return of Premium Option, you would be refunded the premiums paid
2. The insurance company would send a discharge voucher for claim settlement
3. Fill up the voucher and submit it to the company along with the policy bond
4. The company would assess the form, verify it and refund the premiums

Critical illness claims

If you have chosen the plan variants which have coverage for critical illnesses, you should send a mail to contact.hdfclife@paramounttpa.com. The relevant medical documents and policy bond should be submitted. The insurance company would verify the documents and process your claims.

Accidental Total Permanent Disability

For disability claims where premiums are waived off, you should fill up the relevant claim form and submit it to the insurance company. A disability certificate, issued by a recognized medical practitioner, should also be submitted to make a claim. The insurance company would verify the documents and process the claim.

Claim intimation is important and HDFC Life provides you with different modes of intimating it about your claims. These modes are as follows –

Online mode – You can inform the insurance company of the claim online through the following steps - 

• Visit https://lifeeasy.hdfclife.com/ and choose ‘Request Claim’
• Provide your policy related details and your mobile or PAN card number
• Enter in the claim details for verification and follow the claim process to get a settlement of the claim

Alternatively, you can visit the company’s branch, use WhatsApp or scan a QR code for intimating HDFC Life about your claims.

HDFC Life Click 2 Protect 3D Plus Riders 

HDFC Life Click 2 Protect 3D Plus offers two optional riders, as mentioned earlier. The details of these riders are as follows –

1. HDFC Life Income Benefit on Accidental Disability Rider
   This rider covers accidental disability. Under the rider, 1% of the rider sum assured would be paid as annual incomes for ten years if you suffer from accidental total and permanent disablement. However, the rider does not have a maturity benefit.
2. HDFC Life Critical Illness Plus Rider

Under this rider, 19 critical illnesses are covered. If you suffer from any covered illness and survive for 30 days post-diagnosis of the illness, a lump sum benefit would be paid which would be the rider sum assured. This rider also does not have a maturity benefit.

HDFC Life Click 2 Protect 3D Plus Plan Review

HDFC Life Click 2 Protect 3D Plus is a comprehensive term insurance plan which offers unparalleled coverage under the different variants provided. Moreover, the Life Stage Protection feature and the Top-up Option allow you to enhance the sum assured for increased financial responsibilities. The plan has affordable premiums which allow you to opt for optimal coverage without burdening your pockets. All in all, HDFC Life Click 2 Protect 3D Plus is one of the best term plans which you can buy for complete protection.

HDFC Life Click 2 Protect 3D Plus v/s other HDFC Life Term Plans

Besides HDFC Life Click 2 Protect 3D Plus, HDFC Life offers one more term insurance plan called HDFC Life Click 2 Protect Plus. Let’s have a comparative analysis of both these policies –