HDFC Life Click 2 Invest-ULIP

1. What are the charges applicable for this plan?
HDFC Life Click 2 Invest - an online ULIP offers a minimal charge structure as stated below:

1. Premium Allocation Charge: Nil
2. Policy Administration Charge: Nil
3. Discontinuance Charge: Nil
4. Fund Management Charge –
   - 0.80% p.a. of the fund value, charged daily for Secure Managed Fund.
   - 1.35% p.a. of the fund value, charged daily, for all other Funds.
   - 0.50% p.a. of the fund value for Discontinued Policy Fund.
5. Mortality Charge: The amount of the charge taken each month depends on your age and level of cover.
   
   

2. Why is this plan good for me?
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:
1. Minimal Charge Structure
2. Choose from a range of 11 fund options
3. Premium payment options of Single Pay, 5 Pay, 7 Pay, 10 Pay or Regular Pay
4. Policy Term of 5 to 20 years
5. Tax exemption under Sec 80C and Sec 10(10D) of Income Tax Act, 1961

3. What are the various fund options in this plan?
There are 11 fund options to choose from in this plan:
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
9.Discovery Fund
10.Equity Advantage Fund
11.Secure Managed Fund

4. Where do I check the fund performance?
To check fund performance CLICK HERE.

5. What do I get at the end of the policy term?
At the end of your Policy Term i.e. at maturity, you will receive your Fund Value.

6. For how many years can I stay invested in this plan?
You can choose a Policy Term of 5 years to 20 years under this plan.

7. What will my family receive in case of my unfortunate demise?
In case of the Life Assured's unfortunate demise, we will pay to the Nominee the highest of the following:
1. Sum Assured
2. Fund Value
3. 105% of the premium(s) paid.

8. Can I terminate my policy?
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 Premium(s) and surrender of policy.

9. Can I do a partial withdraw from my fund?
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.The partial withdrawals shall not be allowed which would result in termination of the policy .

10. Is there a loan facility in my policy?
No policy loans are available for this product.

11. What is a settlement option?
Under settlement option, you can also take your fund value at maturity in periodical installments1.
Disclaimer:
1. Please refer to section under settlement option in product brochure for more details

12. What is the limited mode of premium pay?
A limited premium payment policy requires you to pay Premium(s) for a term lesser than your policy term.

13. Can I buy more than one policy?
You can buy more than one policy subject to successful Underwriting.

14. Are there medicals involved to buy this plan?
Yes. The list of medical tests required is on case to case basis.

15. How is the Fund Value calculated?
Fund Value will be calculated by multiplying balance Units in your fund by the then prevailing NAV price.

16. What is the minimum premium that needs to be paid?
Minimum premium amounts for various premium payment frequencies are as follows:
1. Single: ₹ 24,000
2. Annual: ₹ 12,000
3. Half Yearly: ₹ 6,000
4. Quarterly: ₹ 3,000
5. Monthly: ₹  1,000

17. I am a NRI. Can I Invest in this plan?
NRIs can invest in this plan by filling a mandatory NRI questionnaire.

18. What is the frequency in which I can invest my money?
Single, Annual, Half-yearly, Quarterly or Monthly

19. What is the maximum amount I can invest?
There is no limit on maximum amount that you can invest in this plan, subject to Underwriting.

20. What are the key features of this plan?
HDFC Life Click 2 Invest - ULIP offers:
1. Minimal Charge Structure
2. Premium Payment Term options of single/ 5 pay/ 7 pay and regular pay
3. Policy Term of 5 to 20 years
4. 11 Fund options
5. Wide entry age range from 0 to 65 years

21. Is there any protection cover in this plan?
Yes. In case of the Life Assured's unfortunate demise, we will pay to the Nominee the highest of the following:
1. Sum Assured,
2. Fund Value,
3. 105% of the premium(s) paid.

22. Can I surrender this policy?
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.

HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.HDFC Life Click 2 Invest - ULIP (Form No. P501-127 UIN : 101L100V03) is a unit linked plan with life insurance coverage. Life Insurance Coverage is available in this product. HDFC Life Income Benefit on Accidental Disability Rider (UIN: 101B013V03, Form no. R501-21-01) and HDFC Life Critical Illness Rider (UIN: 101B014V02, Form no. R501-23-01) are the names of the riders. ^For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. Unit Linked Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. ULIP Issued on or after 1st February 2021 where the annualised premium exceeds Rs 2.5 lakh at any time during the premium paying term, the amount received on maturity shall not be entitled for exemption under section 10(10D) of the Income-tax Act, 1961. However, death benefit received shall be exempt u/s 10(10D). Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. HDFC Life Insurance Company Limited is only the name of the Life Insurance Company and HDFC Life Click 2 Invest - ULIP is only the name of the unit linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The various funds offered under this contact are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns