HDFC Life Click2Invest ULIP Plan | Features & Benefits
HDFC Life Click2Invest ULIP plan
is a convenient and cost-effective market-linked insurance plan. HDFC Life
Click2Invest ULIP plan is a Unit Linked Insurance Plan that offers you market
linked returns and charges you minimally. This plan offers financial protection
along with a range of investment options. In this post, let us take a
look at the features and benefits of HDFC Life Click2Invest ULIP Plan.
HDFC Life Click2Invest ULIP Plan
HDFC Life Click2Invest ULIP plan
is an online
Unit Linked Insurance Plan that provides your family with valuable financial
protection and best meets your investment needs. Along with financial protection, HDFC Life Click2Invest ULIP plan also
offers you a range of investment funds. You can choose from among 8 fund
options to invest your money.
Features of HDFC Life Click2Invest ULIP
Plan
Following are the key
features of HDFC Life Click2Invest ULIP Plan
1. This is an online ULIP plan.
2. There are 8 fund options to choose
from as per your investment style.
3. Premium payment options are:
a) Single
b) Limited: 5 years, 7 years,
10 years
c) Regular: same as your
policy term
4. Flexibility to choose your
policy term from 5 to 20 years.
5. Tax exemption
under Section 80C and Section 10(10D) of Income Tax Act
1961.
Eligibility for HDFC Life
Click2Invest ULIP Plan
Various fund options in HDFC Life Click2Invest ULIP Plan?
There are 8 different fund
options to choose from in HDFC Life Click2Invest ULIP Plan. Each fund has its
own Investment policy, based on asset allocation. You can invest your money in
a combination of funds by allocating your fund between different fund options. You
can choose either all or a combination of the following funds:
1. Equity Plus Fund
2. Diversified Equity Fund
3. Blue Chip Fund
4. Opportunities Fund
5. Balanced Fund
6. Income Fund
7. Bond Fund
8. Conservative Fund
You can also switch between
funds using fund switch option at any time.
Benefits under HDFC Life Click2Invest ULIP Plan
1. Death Benefit
In case of the policy holder’s unfortunate demise, HDFC
Life will pay to the nominee the
highest of the following:
a) Sum Assured
b) Fund Value
c) 105% of the premium(s) paid
The policy will terminate thereafter and no more
benefits will be payable.
2. Maturity Benefit
On survival till the end of policy term, the policyholder will receive the Fund Value as Maturity
Benefit.
3. Charges
a) Zero premium allocation charge.
b) Zero policy administration charge.
c) Fund management charge @1.35% p.a. of the fund
value charged daily.
d) Mortality charge levied every month
for providing you with the death benefit in your policy. The
amount of the charge taken each month depends on your age and level of cover.
e) Zero discontinuance charge.
Termination of HDFC Life Click2Invest ULIP Plan
You can surrender your policy subject to a lock-in period of 5 years. No discontinuance
charge is charged in this policy.
Revival of HDFC
Life Click2Invest ULIP Plan
A discontinued HDFC Life
Click2Invest ULIP Plan can be revived within two consecutive years from the
date of discontinuance of the policy, subject to payment of all due and unpaid
premiums and HDFC Life underwriting policy.
Why you need HDFC Life Click2Invest ULIP Plan?
1. Potential of benefitting
from market-linked returns.
2. Stay invested longer to
achieve your financial goals.
3. Achieve financial growth as
well as protect your family.
Also read: LIC E-Term Plan | Features & Benefits
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HDFC Life Click2Invest ULIP
Plan | Features & Benefits
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