Skip to main content

HDFC Click 2 Protect Plus

 

HDFC Click 2 Protect Plus

For those who are aware of online term plans, HDFC Click 2 protect is not a new name for them. It is one of the popular names in online term plan market, which almost every seeker of online term plans must have went through before finalizing his selection. With a great claim settlement ratio, competitive premium rates, dependable brand image this product has always been difficult to ignore. HDFC Click 2 protect Plus is a new version of the same plan with some add on optional features.

This particular plan can also be bought offline and thus is available to all those also who are not internet savvy. Among the additional features it has come up with 2 options which include regular monthly payments to the nominee, along with lump sum payment of Sum assured. One another feature allows the insured to increase or reduce the sum assured at specified life events. Overall it sounds a nice product, let's find out more.

 

HDFC Click 2 protect plus – in Brief

HDFC Click 2 protect plus is a pure term insurance plan, specifically called as "a traditional non-participating term insurance plan". It is an extended version of the other popular online term plan of HDFC with name HDFC Click 2 protect, which might get discontinued soon. The "Plus" factor in this product brings along 3 optional features, which are as below

1. Extra Life option: You can top up your existing life insurance coverage with accident insurance cover by paying some extra premium.

2. Income option: In this option at the time of claim, 10% of Sum assured will be paid as lumpsum and Balance will be paid in monthly installments scattered over 15 years time frame.

Say for e.g for a Sum assured of Rs 1 cr, in case of demise of the policy holder family will get Rs 10 lakh in lumpsum and remaining Rs 90 lakh will be divided into monthly installment of Rs 50000/- and be paid monthly for next 15 years.

3. Income Plus option: Here 100% of Sum assured will be paid on death in lumpsum and monthly income equal to 0.5% of Sum assured will be paid for next 10 years. The monthly income can be level or increasing @10% p.a. as chosen by policy holder.

Taking the same case as in point 2 above, in this case family will get Rs 1 crore as lumpsum plus a monthly installment of Rs 50000 fixed amount for next 10 years or Rs 50000 per month with increment of 10% p.a.

Besides the above in HDFC click 2 protect plus plan , there's one Life stage protection feature available in the base plan i.e. Plan with no option (as mentioned above ) opted for. With this feature insured can increase or reduce the sum assured on the occurrence of a specified life event like Marriage or Birth of child. The Premium will be reworked based on new sum assured. It will work like as below:

After 45 years of age if you feel that you have accumulated enough corpus to provide the necessary financial security to the family and you don't require this much of insurance cover then you can get your sum assured reset to the original sum assured which was at inception of the policy.

HDFC Click 2 Protect Plus – Key features

Below are the key features of the this new online term plan, in comparison to its earlier version

HDFC Click 2 Protect Plus – Premium quotes

The premium quotes below are of a regular policy for a healthy non smoker male for a Sum assured of Rs 50 lakh. Term of the policy is 30 years. All quotes are for offline purchase, which are around 5% costlier then the online term plan purchase quotes

The premium quotes below are of a regular policy for a healthy non smoker male for a Sum assured of Rs 1 crore. Term of the policy is 30 years. All quotes are for offline purchase, which are around 5% costlier then the online term plan purchase quotes

HDFC Click 2 Protect plus – Should you buy?

When it's a question of buying a term insurance plan, I can answer with closed eyes. Yes. Everyone should be having adequate life insurance cover and term insurance plans are the cheapest way to buy that cover. Online term plans are more economical then offline products. So in my opinion HDFC Click 2 protect plus through Life Option is must to be considered product.

I like things to be simple and clear, and that's why a bit reluctant on opting for any add on feature. In case of income option, insurance company will keep 90% of the Sum assured with themselves and distribute balance in monthly installments without any interest. So financially speaking it doesn't make sense. Even if the nominees park the claim received in a bank FD they can generate better income and monthly returns.

In Income Plus option, the difference in premium can be used to buy another term plan to enhance the cover and if used wisely (if claimed) again can generate better returns and monthly income.

Conclusion

Keep your finances Simple. HDFC Click to protect plus can be considered for pure online term plan or offline purchase without any add on topping

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Popular posts from this blog

ICICI Pru Mutual Fund Dividend

ICICI Prudential Mutual Fund has announced dividend under the following schemes: Scheme Dividend ( Rs /unit) ICICI Pru Capital Protection Oriented Ser V Plan B-D 0.03611325 ICICI Pru Capital Protection Oriented Ser V Plan B Direct-D 0.03611325 ICICI Pru Balanced Advantage Direct-DM 0.06 The record date has been fixed as February 08, 2017. ------------------------------ ------ Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund Invest in Best Performing 2017 Tax Saver Mutual Funds Online Invest Best Tax Saver Mutual Funds Online Download Top Tax Saver Mutual Funds  Application Forms For further information contact  SaveTaxGetRich on 94 8300 8300 ------------------------------ ------ Leave y...
Read more

What is Financial Freedom?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India)     There were many things common between our Freedom fighters. All had the Single vision (Free India), common goal (independence) and had a disciplined and focused approach. They were ready to do anything and everything and had made so many sacrifices to see India free . But the road to freedom was not easy .They had faced lot many hardships, went to jail so many times and even confronted physical and mental torture from the British. There was one more thing which proved to be an advantage to our fighters that most of them were professional lawyers. The knowledge of legal issues and its impact on our country at large has helped them counter various bills and proposed new laws by the then government. It is due to their continuous effort that we are able to achieve the goal of Independent Indi...
Read more

Hidden Bank Fees

  What Banks Hide From Customers Imagine after a peaceful and exciting holiday you receive your bank statement with steep charges. You then rush to your bank and start confronting staff members and to your dismay, you come to know that the high end debit card was charged very heavily. Wouldn't this cause damage to your finances? So remember, the world outside is full of deceptive and double cheating people. Unethical practices are always used by company sales person in order to meet the target. Credit card companies, mutual funds and bank institutions always play dirty tricks to lure customers and the practices are rampant. So here's how you should be careful while dealing with your banks: High End Debit Card Charges While opening an account with a bank you opt for a debit card with minimal charges. But later on when you upgrade your card and opt for high end debit card the annual charge rise by a good amount. Though such a card has slew of features but it all comes at a high ...
Read more

Partial withdrawal from PPF

  Public Provident Fund (PPF) account has a lock in period   If you opened a PPF account to meet your retirement needs,, think twice about withdrawing from this fund before retirement. But provided it's an emergency here are the rules. Public Provident Fund (PPF) account has a lock in period before which you cannot withdraw your money.   The partial withdrawal is allowed after the completion of 6 financial years . This means that you will be allowed a partial withdrawal from 1 April 2017. The maximum partial withdrawal allowed is the least of the following: 50 percent of the account balance at the end of fourth financial year, 31 March 15 50 percent of the account balance of the end of previous financial year, 31 March 17.   There's a loan option available on your PPF account between the fourth and the sixth financial year. You can obtain a loan of up to 25 per cent of the balance in your account. However, this will attract interest of 2 percent more than the prevailing ...
Read more

Updating a minor PAN card upon becoming adults

  Updating a minor's PAN card once they become adults A PAN card issued in the name of a minor does not contain the minor's photograph or signature, and therefore, cannot be used as a valid proof of identity. Once a minor PAN card holder turns 18, the relevant changes must be made in the PAN records. A new card is then issued bearing a photograph and signature. Application The applicant is required to fill up the "Request for new PAN card andor changes or correction in PAN data" form. The form can be filled up online by accessing NSDL's Tax Information Network website and clicking on the online PAN application tab. Information The applicant must mention the existing PAN number in the application and check the `photo mismatch' and `signature mismatch' boxes, and submit the online form. The form must also be printed out, signed by the applicant, and submitted along with two photographs. Documents Identity and address proof in the form of a copy of the app...
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now