An Online unit Linked Insurance plan
NRIs can invest in this plan by filling a mandatory NRI questionnaire.
A limited premium payment policy requires you to pay premiums for a term lesser than your policy term.
No policy loans are available for this product.
You can withdraw money from your funds to meet any future financial emergencies. Lump sum partial withdrawals can be made from your funds after 5 complete policy years, provided the Life Assured is at least 18 years of age.
You can surrender you policy subject to a lock in period of 5 years. No discontinuance charge is charged in this policy. Please refer to product brochure for more details on discontinuance of premiums and surrender of policy.
You can choose a policy term of 5 years to 20 years under this plan.
HDFC Life Click 2 Invest – ULIP, lets you enjoy market linked returns along with valuable financial protection for your family. This plan has minimal charges which help your fund value grow faster. The key features of this plan are:
HDFC Life Click 2 Invest - ULIP offers a minimal charge structure as stated below:
In addition, only if you request for partial withdrawal, fund switch and premium redirection a charge of Rs 250 per request or a reduced charge of Rs 25 per request (if executed through the company's web portal) will be charged. First 4 partial withdrawals, 4 fund switches and 4 premium redirections in a policy year are free.
In this policy, the investment risk in investment portfolio is borne by the policyholder. Based on the performance of the funds chosen by you, NAV per unit will be calculated. Fund Value will be calculated by multiplying balance units in your fund by the then prevailing NAV price. Below is a sample illustration for a 30 year old male at an assumed investment return of 8% p.a.
There is no limit on maximum amount that you can invest in this plan, subject to underwriting.
Minimum premium amounts for various premium payment frequencies are as follows:
Yes you can surrender your policy. Once you surrender your policy, your risk cover will cease and surrender benefit will be paid out depending upon the year in which the policy is surrendered. Please refer to product brochure for more details.
You can buy more than one policy subject to successful underwriting
HDFC Life Click 2 Invest – ULIP offers:
Single, Annual, Half-yearly, quarterly or monthly
There are 8 fund options to choose from in this plan
|Equity Plus Fund||To generate long term capital appreciation in line or better than Nifty index returns|
|Diversified Equity Fund||To generate long term capital appreciation by investing in high potential companies across the market cap spectrum|
|Blue Chip Fund||Exposure to large-cap equities and equity related instruments|
|Opportunities Fund||Exposure to mid-cap equities and equity related instruments|
|Balanced Fund||Dynamic equity exposure to enhance returns while debt allocation reduces the volatility of returns|
|Income Fund||Higher potential returns due to higher duration and credit exposure|
|Bond Fund||Active allocation across all fixed income instruments|
|Conservative Fund||To invest in high grade fixed income instruments and G-Secs at the short end of the yield curve to deliver stable returns|
Premiums paid by an individual or HUF under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 1961, the benefits received from this policy are exempt from tax, subject to the conditions specified therein. Please note that the above mentioned benefits are as per the current tax rules. Your tax benefits may change if the tax rules are changed. You are requested to consult your tax advisor.
Under settlement option, you can also take your fund value at maturity in periodical installments.
Fund Value will be calculated by multiplying balance units in your fund by the then prevailing NAV price.
At the end of your policy term i.e. at maturity, you will receive your Fund Value.
In case of the Life Assured’s unfortunate demise, the nominee will receive the higher of the following:
Yes. In case of the Life Assured's unfortunate demise, the nominee will receive the higher of the following: