HDFC Life Click2Protect Plus Plan

HDFC Life Click2Protect Plus Plan

Features:

• Provides comprehensive protection to you and your family with the choice of plan options.
• Choose from – Life Option, Extra Life Option, Income Option and Income Plus Option.
• Provides policy term of 10 to 40 years as per the cover required with option of regular, limited and single Premium Paying Term option.
• Discounted premium rates for non-tobacco users.

Benefits:

• With Life Stage Protection feature, you can increase your insurance cover on certain key milestones of your life without fresh medical test
• The plan provides option to secure your family’s future by way of lump sum benefit and monthly income under various plan options
• Enjoy tax benefits under sections 80C and 10(10D) of Income Tax Act, 1961.

Features and Benefits of HDFC Life Click2Protect Plus Plan:

Death benefit under the plan is:

a. Single Premium Policy: Higher of:

• 125% of single premium
• Sum assured

b.Regular Premium Policy : Higher of:

• 10 times the annualized premium
• 105% of all the premiums paid as on date of death
• Sum assured

Life Option:

• The death benefit specified above is paid as lump sum on death

Extra Life Option:

• In addition to the death benefit mentioned above, an additional benefit equal to sum assured is payable in case of death due to accident

Income Option:

• 10% of the Death Benefit paid as a lump sum upon death
• remaining 90% of the Death Benefit shall be paid as monthly income over next 15 years (0.5% of Death Benefit every month for 15 years

Income Plus Option:

• 100% of the death benefit specified above shall be paid as a lump sum upon death
• In addition, a monthly income equal to 0.5% of the sum assured shall be payable for a period of 10 years
• The monthly income can be level or increasing at 10% p.a. as chosen by the policyholder

Life Stage Protection Feature:

This is only available with Life Option. Under this option, you can increase your cover at key milestones like marriage, first child birth and second child birth without a fresh medical test. Please refer to the product brochure for details, term and conditions of this feature.

Also see Cancellation or Change in name of nominee in life insurance policies

Eligibility:

Minimum – Maximum entry age	18 – 65 years
Minimum – Maximum maturity age	28 – 75 years
Minimum – Maximum policy term	10 – 40 years
Premium Paying Term	Regular, limited or single
Premium Paying Frequencies	Annual, Half- yearly, quarterly or monthly
Minimum – Maximum Sum Assured	Rs. 25 lakh – No limit subject to satisfactory underwriting

For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult your Relationship Manager before taking a decision.Age has to be taken as of "last birthday" basis.

Commission for Life Insurance:

As per RBI circular: RBI/2009-10/225 dated November 16, 2009, following are the details of the comparative commission earned by HDFC Bank from Insurance (Life), whose products are being distributed:

Commission, Brokerage and trail from Life Insurance

Category	First Year Commission		2nd year Renewal commission
	Min	Max	Min	Max
Health	2%	25%	0%	7.50%
Pension	2%	7.50%	0%	2%
Protection	2%	35%	0%	0%
Savings & Investment	0%	35%	0%	3%
Group Product*	2%	2%	0%	0%

 Note: The commission varies depending upon the Product in each category, tenure, amount of premium and premium paying term

*For Group Products commission payable is 2% of the premium with a ceiling on the maximum payout as defined by Insurance Regulatory and Development Authority of India (IRDAI) from time to time.

LIC Jeevan Sangam

LIC Jeevan Sangam

LIC Jeevan Sangam is a participating, non-linked, savings cum protection single premium plan wherein the risk cover is a multiple of single premium. The proposer will have an option to choose the Maturity Sum Assured. The single premium payable (exclusive of service tax) shall depend on the chosen amount of Maturity Sum Assured and age of the life assured.

The plan will be open for sale for a maximum period of 90 days from the date of launch.

BENEFITS:

Death Benefit:

On death during first five policy years:

Before the date of commencement of risk: Refund of single premium excluding service tax and extra premium, if any, without interest.

After the date of commencement of risk: Basic Sum assured i.e. 10 times the tabular single premium shall be payable.

On death after completion of five policy years but before the stipulated Date of Maturity:
Basic Sum assured i.e. 10 times the tabular single premium along with Loyalty Addition, if any, shall be payable.

 Maturity Benefit:

On maturity, the Maturity Sum Assured along with Loyalty Addition, if any, shall be payable.

Loyalty Addition:

Depending upon the Corporation’s experience, the policy shall participate in the profits in the form of Loyalty Addition. The Loyalty Addition, if any, shall be  payable on death or surrender, provided the policy has run for at least  five policy years, or on policyholder surviving to the maturity, at such rate and on such terms as may be declared by the Corporation.