Jeffrey Wade
HDFC Life Insurance offers a range of plans, including HDFC Life Click 2 Wealth, a unit-linked non-participating individual life insurance plan, and HDFC Life ProGrowth Plus, a regular premium unit-linked insurance plan. These plans offer financial protection to your family in case of your demise, as well as investment opportunities. Over time, certain life insurance policies build cash value, and plans like ULIPs combine insurance coverage with an investment component, where a portion of your premium is invested to generate returns.
| Characteristics | Values |
|---|---|
| Fund Management Charge | 0.80% p.a. of the fund value for Liquid Fund and 1.35% p.a. of the fund value for Diversified Equity, Blue Chip, Balanced, Bond, Discovery, Equity Advantage and Opportunities Funds charged daily |
| Mortality Charge | The amount of the charge taken each month depends on the age of the life assured and the level of cover |
| Golden Years Benefit Option | Offers you the solution to build your fund value while also having life cover for your whole life (till 99 years of age). You can opt for a systematic withdrawal facility to generate recurring post-retirement income from your accumulated fund |
What You'll Learn
HDFC Life Click 2 Wealth
The HDFC Life Click 2 Wealth plan offers valuable financial protection to your family in case you are not around. It also offers the opportunity to invest in a choice of funds. You can choose your regular premium and the investment fund(s). At the end of the policy term, you will receive the accumulated value of your fund(s). In case of the Life Assured's unfortunate demise, the highest of the following will be paid to the nominee: Sum Assured (less all withdrawals made during the two-year period immediately preceding the death of Life Assured).
The plan has minimal charges, which help your fund value grow faster. The key features of this plan include a minimal charge structure, the ability to choose from a range of 11 fund options, and premium payment options of Single Pay, 5 Pay, 7 Pay, 10 Pay or Regular Pay. The policy term is 5 to 20 years and offers tax exemption under Sec 80C and Sec 10(10D) of the Income Tax Act, 1961.
The fund value is the accumulated value of your chosen fund(s) at the end of the policy term. The fund value grows over time as your regular premium is invested in your chosen fund(s). The fund value is also affected by the performance of the fund(s) you have chosen. The fund value is used to calculate the benefits payable under the policy, such as the death benefit or the maturity benefit. The fund value is also important for determining the charges associated with the policy, such as the fund management charge and the mortality charge.
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HDFC Life ProGrowth Plus
Unit-linked insurance plans (ULIPs) combine insurance coverage with an investment component, where a portion of your premium is invested to generate returns. These returns accumulate into a substantial corpus, which can be used to fulfill significant objectives, such as funding your child's education or planning for their future milestones like marriage.
The fund value in HDFC Life ProGrowth Plus refers to the accumulated value of your chosen fund(s) at the end of the policy term. This value will depend on the performance of the fund(s) you have chosen and the proportion of your premium that has been allocated to each fund. It is important to note that the fund value may fluctuate over time depending on market conditions.
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HDFC Life Click 2 Invest-ULIP
With HDFC Life Click 2 Invest-ULIP, you can choose from a range of 11 fund options, including Liquid Fund, Diversified Equity, Blue Chip, Balanced, Bond, Discovery, Equity Advantage, Opportunities Funds, and Discontinued Policy Fund. You also have the flexibility to choose your premium payment options, with Single Pay, 5 Pay, 7 Pay, 10 Pay, or Regular Pay available. The policy term can range from 5 to 20 years.
One of the key benefits of this plan is the tax exemption under Sec 80C and Sec 10(10D) of the Income Tax Act, 1961. Additionally, the plan offers a mortality charge, where the amount charged each month depends on your age and level of cover.
ULIPs, such as HDFC Life Click 2 Invest-ULIP, combine insurance coverage with an investment component. A portion of your premium is invested to generate returns, which accumulate over time. This can help you achieve major financial goals, such as funding your child's education or planning for their future milestones.
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HDFC Life Insurance Company in India 2025
HDFC Life Insurance Company offers a range of life insurance plans in India, including the HDFC Life Click 2 Wealth plan, which is a Unit Linked Non-Participating Individual Life Insurance Plan. This plan offers three options: Invest Plus, which is a classic wealth creation option; the Premium Waiver option, which provides valuable financial protection to your family in case of your demise; and the Golden Years Benefit option, which offers life cover until 99 years of age while also allowing you to build your fund value.
The HDFC Life ProGrowth Plus plan is another regular premium unit-linked insurance plan offered by the company. This plan allows you to choose your regular premium and the investment fund(s). At the end of the policy term, you will receive the accumulated value of your fund(s).
The HDFC Life Click 2 Invest-ULIP plan is a market-linked plan with minimal charges, helping your fund value grow faster. This plan offers a range of fund options and premium payment options to suit your needs.
Over time, certain life insurance policies offered by HDFC Life Insurance Company build cash value. Plans like ULIPs combine insurance coverage with an investment component, where a portion of your premium is invested to generate returns. These returns can accumulate into a substantial corpus, which can be used to fulfil significant financial goals, such as funding your child's education or planning for their future milestones.
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HDFC Life Click 2 Wealth's Golden Years Benefit Option
HDFC Life Click 2 Wealth is a Unit Linked Non-Participating Individual Life Insurance Plan that comes with three plan options: Invest Plus, the classic wealth creation option; Premium Waiver option, wherein the future Premium(s) are paid by the Insurer in case of death of the Premium Payor (different from the Life Assured); and Golden Years Benefit option which provides life cover until 99 years of age.
The Golden Years Benefit option is a great solution to build your fund value while also having life cover for the whole of life (until 99 years of age). This option allows you to opt for a systematic withdrawal facility to generate recurring post-retirement income from your accumulated fund.
The fund management charge for the Liquid Fund is 0.80% p.a. of the fund value, and for the Diversified Equity, Blue Chip, Balanced, Bond, Discovery, Equity Advantage and Opportunities Funds, it is 1.35% p.a. of the fund value. These charges are taken daily.
The mortality charge depends on the age of the life assured and the level of cover. This charge is also taken monthly.
As per the current Tax Laws, Goods & Services Tax and other statutory levies are applicable. Tax laws are subject to change.
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Frequently asked questions
HDFC Life Click 2 Wealth is a Unit Linked Non-Participating Individual Life Insurance Plan that comes with three plan options: Invest Plus, the classic wealth creation option; Premium Waiver option, wherein the future Premium(s) are paid by the Insurer in case of death of the Premium Payor (different from the Life Assured); and Golden Years Benefit option which provides life cover until 99 years of age.
The benefits of HDFC Life Click 2 Wealth include the opportunity to build your fund value while also having life cover until 99 years of age. You can also opt for systematic withdrawal to generate recurring post-retirement income from your accumulated fund.
A Unit Linked Insurance Plan (ULIP) combines insurance coverage with an investment component, where a portion of your premium is invested to generate returns. These returns accumulate into a substantial corpus, which can be used to fulfill significant objectives, such as funding your child’s education or planning for their future milestones like marriage.
The three plan options of HDFC Life Click 2 Wealth offer different benefits. Invest Plus is the classic wealth creation option, which allows you to invest in a choice of funds and receive the accumulated value of your fund(s) at the end of the policy term. The Premium Waiver option ensures that future Premium(s) are paid by the Insurer in case of death of the Premium Payor. The Golden Years Benefit option provides life cover until 99 years of age, allowing you to build your fund value over a long period of time.
HDFC Life Click 2 Wealth helps with wealth creation by offering investment options and the potential for fund value growth. With the Invest Plus option, you can choose your regular premium and the investment fund(s), and HDFC will invest your premium in your chosen fund(s) in the proportion you specify. This allows you to benefit from market-linked returns and accumulate wealth over time.
