HDFC Click 2 Protect Term Insurance Benefits

The plan provides different types of benefits which are as follow:

1. Death Benefit - It is a benefit where the claim amount is paid in a lump sum to the nominee, in case of the demise of the policyholder. It is applicable under different variants in the following manner:

2. Survival Benefit - The survival benefit provides an income equal to 0.1% of the basic sum assured at the end of every month if the policyholder has paid all the due premiums. This benefit is offered once the insured person turns 60 years old, till the death or end of the policy term, whichever comes first.

3. Maturity Benefit - The maturity benefit which is equal to the sum assured will be paid on the survival of the policyholder until the period of maturity. The SA amount will be equal to the total premiums paid if the return of the premium option has opted, otherwise, nothing will be paid. If the policyholder has selected the fixed term option under the Income Plus variant, then the sum assured paid on the maturity will equal the maximum of 110% of the total premium paid minus total survival benefits paid out. But for the whole life option, no maturity benefit will be paid. Also, once this benefit is paid, the plan will be terminated.

4. Critical Illness Benefit - The critical illness benefit is offered under the Life and CI Rebalance. If the policyholder is diagnosed with any of the specified critical illnesses, in such a case, he or she will be given the applicable critical illness sum assured. Also, all future premium payments will be waived off and the life cover will continue.