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

Save Tax With Mutual Funds

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300       Mutual funds are ideal as long term investment avenues for retail investors. To encourage investments in this avenue, the Government of India offers investors a spate of tax benefits thus ensuring maximum benefit from mutual funds held beyond a year. Sample some of the key benefits and refer to the table for a detailed list of tax rates for different types of schemes ·        Avail deductions under Sec 80C of the Income Tax Act by investing up to a maximum of Rs. 1 lakh in designated Equity Linked Savings Schemes (ELSS). Such investments have a compulsory lock in period of 3 years. ·        First time retail investors in equity with a gross total income of up to Rs. 12 lakh can invest up to Rs. 50,000 in specific MF schemes un...
Read more

How much to invest in gold ?

Invest In Tax Saving Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Buy Gold Mutual Funds Call 0 94 8300 8300 (India) Let your motivation dictate the share of the yellow metal in your portfolio Enough has been said and written about gold as an investment option. The latest argument is that the craze for gold among Indian households is endangering our country's balance of payments. The policymakers are busy trying to find ways of discouraging investment in gold, but if households keep the common good in mind, they would be paying the market price for gas cylinders as they do for, say, their mobile phone bills. After all, private decisions are driven by private motives. So, how should a household look at gold from its own perspective? Gold is primarily acquired for its merit as a store of value. Even if the worst crisis hits a family, the gold that it holds could be put to use anywhere in th...
Read more

Buying a Used Car

Invest in Mutual Funds Online Download Mutual Fund Application Forms   Pre-owned car can make sense in these inflationary times. But buying one can be trickier than getting a new vehicle    If you are thinking of buying a car but are worried about the rising inflation and higher EMIs eating into your budget, you should consider buying a used car. For those learning to drive, the general advice is that they should hone their driving skills in a used car. However, buying a used car is not an easy task. Though a used car costs less, there are a lot of aspects to be considered while buying one. You should do your due diligence before buying such a car. For example, two cars of the same model would carry two different prices. The difference in price could be on account of the age of the car, how many people have driven, etc. First Fix Your Budget Since used cars are available in a wide variety of models and prices, the starting point would be to determine your budget befor...
Read more

Debt Mutual Funds Best Fixed Income Investments

Debt Mutual Funds - Invest Online     In the last one year, except for a select few sectoral funds and small cap funds, not many of the equity funds have given great returns. On the other hand, debt funds have done relatively well in terms of returns. So far in the new year too, the stock market has been extremely volatile, pushing investors to look for safer havens. In this context, debt funds are looking safer bets for those investors who do not have the appetite for higher level of volatility. Investors who look for a regular income stream, also look at fixed income products like debt funds, bank fixed deposits and post office monthly income schemes.  Among the fixed income products, debt funds score over others because of chances of higher return, has nearly similar level of risks and liquidity. According to Shah, people looking for regular income could opt for a systematic withdrawal plan (SWP) in debt funds , which, if done judi ciously could also save on taxes. Shah explaine...
Read more

Diversification is key to gain more

Even those who prefer debt for its safety are looking at more options    It is not often that you find more than a couple of asset classes producing good returns at the same time. Invariably, assets such as gold and equity don't perform in tandem, and hence it was easier to allocate to them in line with the risk profile of the investors. In the last couple of quarters, however, more than one asset has turned attractive - gold, debt and equity. In line with the trend, you even have monthly income plans with a combination of more than two assets.    In the past, those who stuck to debt were a different class of investors who didn't wish to take risk with their money. The changing lifecycles and the growing integration of investment markets across the globe have pushed even individual investors to embrace the concept of asset allocation. Hence, you have individuals who were using debt to park profits being prepared to take advantage of other assets.    For instance, when the...
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