Health Insurance Plans and Policies by HDFC Life

HDFC Life provides a variety of Health Insurance Plans & Mediclaim Policies that offer financial security to meet health related contingencies. Due to changing lifestyles, health issues have not just escalated, they have increasingly become more complex in nature. It becomes imperative therefore to have a health insurance plan in place, thus your financial planning is incomplete if you have not accounted for health.

Health Insurance Plans

There are certain basic forms of health insurance. The different types of health insurance policies include:

Individual Health Plan

Senior Citizen Health Plan

Critical Illness Insurance

Cancer Insurance Plan

Features of health insurance plan
Comprehensive, fixed benefit, health insurance plan that provides coverage against Critical Illness, Surgeries & HospitalizationFlexibility to choose between 1, 2 or all 3 benefits. Customize your health plan based on your requirement by opting any one of 7 Plan OptionsLump sum payout upon diagnosis of any one of 18 Critical IllnessesLump sum payout against 138 Surgical ProceduresDaily Hospital Cash Benefit in case of hospitalizationSimplified issuance process, no requirement to undergo any medicalsFlexibility to pay Regular or Single premium based on your convenienceTax Benefits subject to provisions contained under Section 80D of the Income Tax Act 1961 

Advantages of health insurance plans
Option to choose 1,2 or all 3 of the following benefits under this planDaily Hospital Cash BenefitSurgical BenefitCritical Illness BenefitDaily Hospital Cash Benefit *:1% and 2% of Sum Insured shall be payable per day in case of Hospitalization on admission into Non ICU room and ICU Room respectivelyBenefit payable shall be for a maximum of 20 days (for Non ICU room) and 10 days (for ICU room) per yearBenefit payable shall be for a maximum of 60 days (for Non ICU room) and 30 days (for ICU room) during the policy termSurgical Benefit*:Lump sum payout up to 100% of the Sum Insured against 138 surgeries, based on the severity of the surgeryCritical Illness Benefit*:100% of the Sum Insured shall be payable in case diagnosed with any one of 18 Critical Illnesses specifiedMultiple claims up to 100% of the Sum Insured shall be allowed under Daily Hospital Cash Benefit and Surgical BenefitHassle free policy issuance without any Medical Underwriting*Please read the Sales Brochure carefully for more terms and conditions 

Eligibility of health insurance plan
Survival Period :

A 30 days survival period between the date of diagnosis of a Critical Illness and the date of eligibility for benefit payment would be applicable

Waiting Period^ :

60 days waiting period shall be applicable for Daily Hospital Cash Benefit and Surgical Benefit90 days waiting period shall be applicable for Critical Illness Benefit1 year and 2 year waiting period shall be applicable for specific conditionsWaiting period shall not be applicable for hospitalization or any specified surgery undergone or critical illness (such as major head trauma) due to an accident

Health is the most important asset you have. Every aspect of your life is dependent on your good health. Due to changing lifestyles, health issues have escalated, thus imposing extra financial burden on the family. It becomes imperative therefore to have a health insurance product in

place, to ensure that no matter how critical your illness, it does not impair your financial security.

Keeping the above in mind, we have developed a health insurance product which will provide a lump sum amount if you are hospitalized or undergo any Surgical Procedure or are diagnosed with Critical Illness.

Benefits of health insurance plan
BENEFIT STRUCTURE A. Daily Hospital Cash Benefit

I In case of hospitalization, due to any injury, sickness or disease, you will receive 1% of Sum Insured as Daily Hospital Cash Benefit if admitted in Non ICU room and 2% of Sum Insured if admitted in ICU room

I The benefit will be payable as a lump sum amount at the end of stay in the Hospital for each and every completed and continuous hospitalization for more than 24 hours as a result of injury, Sickness or

disease. The benefit amount payable will be calculated as mentioned below:

. Daily Hospital Cash Benefit " (Number of Days admitted1)

I Daily Hospital Cash Benefit will be payable for a maximum of 20 days

per year in case you are admitted in Non ICU room and 10 days per year if admitted in ICU rooms

BENEFIT STRUCTURE A. Daily Hospital Cash Benefit

I In case of hospitalization, due to any injury, sickness or disease, you will receive 1% of Sum Insured as Daily Hospital Cash Benefit if admitted in Non ICU room and 2% of Sum Insured if admitted in ICU room

I The benefit will be payable as a lump sum amount at the end of stay in the Hospital for each and every completed and continuous hospitalization for more than 24 hours as a result of injury, Sickness or

disease. The benefit amount payable will be calculated as mentioned below:

. Daily Hospital Cash Benefit " (Number of Days admitted1)

I Daily Hospital Cash Benefit will be payable for a maximum of 20 days

per year in case you are admitted in Non ICU room and 10 days per year if admitted in ICU rooms

I Daily Hospital Cash Benefit will be payable subject to a maximum of 60 and 30 days if admitted in Non lCU and ICU rooms, respectively during the entire policy term

I The ICU and non lCU benefits will be independent and subject to their respective limits (as stated above)

I In case the maximum benefit limits applicable during the policy term have been used up, the cover for Daily Hospital Cash Benefit shall cease for the remaining policy term. However, other benefits (such as Surgical Benefit or Critical Illness Benefit), if applicable shall continue to be in force

I There is a waiting period of 60 days from the date of commencement or reinstatement of the cover whichever occurs later, except where such expenses are incurred for treatment of a condition caused by an Accident

8. Surgical Benefit:

I Surgical Benefit will be payable if you have to undergo any of the 138 surgeries mentioned in Annexure 2, provided the surgery is done: 0 by a qualified surgeon for a surgical operation and I performed at a hospital due to injury or sickness for surgical procedures advised by an independent medical practitioner, and the policy is inforce 0 during the policy term

I In case you have to undergo a surgery during the policy term, the

benefit payable shall be ascertained on the basis of the Category of the Surggy as shown below:

BENEFIT STRUCTURE A. Daily Hospital Cash Benefit

I In case of hospitalization, due to any injury, sickness or disease, you will receive 1% of Sum Insured as Daily Hospital Cash Benefit if admitted in Non ICU room and 2% of Sum Insured if admitted in ICU room

I The benefit will be payable as a lump sum amount at the end of stay in the Hospital for each and every completed and continuous hospitalization for more than 24 hours as a result of injury, Sickness or

disease. The benefit amount payable will be calculated as mentioned below:

. Daily Hospital Cash Benefit " (Number of Days admitted1)

I Daily Hospital Cash Benefit will be payable for a maximum of 20 days

per year in case you are admitted in Non ICU room and 10 days per year if admitted in ICU rooms

I Daily Hospital Cash Benefit will be payable subject to a maximum of 60 and 30 days if admitted in Non lCU and ICU rooms, respectively during the entire policy term

I The ICU and non lCU benefits will be independent and subject to their respective limits (as stated above)

I In case the maximum benefit limits applicable during the policy term have been used up, the cover for Daily Hospital Cash Benefit shall cease for the remaining policy term. However, other benefits (such as Surgical Benefit or Critical Illness Benefit), if applicable shall continue to be in force

I There is a waiting period of 60 days from the date of commencement or reinstatement of the cover whichever occurs later, except where such expenses are incurred for treatment of a condition caused by an Accident

8. Surgical Benefit:

I Surgical Benefit will be payable if you have to undergo any of the 138 surgeries mentioned in Annexure 2, provided the surgery is done: 0 by a qualified surgeon for a surgical operation and I performed at a hospital due to injury or sickness for surgical procedures advised by an independent medical practitioner, and the policy is inforce 0 during the policy term

I In case you have to undergo a surgery during the policy term, the

benefit payable shall be ascertained on the basis of the Category of the Surggy as shown below:

I You are entitled to make multiple claims up to maximum of 100% of Sum Insured during the policy term

I You are not allowed to claim for the same surgery more than once. However, multiple claims from the same category can be made.

I In case 100% of the Sum Insured has been used up, the cover for Surgical Benefit will cease for the remaining policy term. However, other benefits (such as Daily Hospital Cash Benefit and Critical Illness Benefit, if applicable) will continue to be in force.

I There is a waiting period of 60 days from the date of commencement or reinstatement of the cover, whichever occurs later, except where such expenses are incurred for treatment of a condition caused by an Accident

C. Critical Illness Benefit:

I In case you are diagnosed with any of the 18 Critical Illness, a lump sum benefit equal to 100% of Sum Insured will be payable, provided

you survive a period of 30 days following the diagnosis of any of the below mentioned Critical illness

BENEFIT STRUCTURE A. Daily Hospital Cash Benefit

I In case of hospitalization, due to any injury, sickness or disease, you will receive 1% of Sum Insured as Daily Hospital Cash Benefit if admitted in Non ICU room and 2% of Sum Insured if admitted in ICU room

I The benefit will be payable as a lump sum amount at the end of stay in the Hospital for each and every completed and continuous hospitalization for more than 24 hours as a result of injury, Sickness or

disease. The benefit amount payable will be calculated as mentioned below:

. Daily Hospital Cash Benefit " (Number of Days admitted1)

I Daily Hospital Cash Benefit will be payable for a maximum of 20 days

per year in case you are admitted in Non ICU room and 10 days per year if admitted in ICU rooms

I Daily Hospital Cash Benefit will be payable subject to a maximum of 60 and 30 days if admitted in Non lCU and ICU rooms, respectively during the entire policy term

I The ICU and non lCU benefits will be independent and subject to their respective limits (as stated above)

I In case the maximum benefit limits applicable during the policy term have been used up, the cover for Daily Hospital Cash Benefit shall cease for the remaining policy term. However, other benefits (such as Surgical Benefit or Critical Illness Benefit), if applicable shall continue to be in force

I There is a waiting period of 60 days from the date of commencement or reinstatement of the cover whichever occurs later, except where such expenses are incurred for treatment of a condition caused by an Accident

8. Surgical Benefit:

I Surgical Benefit will be payable if you have to undergo any of the 138 surgeries mentioned in Annexure 2, provided the surgery is done: 0 by a qualified surgeon for a surgical operation and I performed at a hospital due to injury or sickness for surgical procedures advised by an independent medical practitioner, and the policy is inforce 0 during the policy term

I In case you have to undergo a surgery during the policy term, the

benefit payable shall be ascertained on the basis of the Category of the Surggy as shown below:

I You are entitled to make multiple claims up to maximum of 100% of Sum Insured during the policy term

I You are not allowed to claim for the same surgery more than once. However, multiple claims from the same category can be made.

I In case 100% of the Sum Insured has been used up, the cover for Surgical Benefit will cease for the remaining policy term. However, other benefits (such as Daily Hospital Cash Benefit and Critical Illness Benefit, if applicable) will continue to be in force.

I There is a waiting period of 60 days from the date of commencement or reinstatement of the cover, whichever occurs later, except where such expenses are incurred for treatment of a condition caused by an Accident

C. Critical Illness Benefit:

I In case you are diagnosed with any of the 18 Critical Illness, a lump sum benefit equal to 100% of Sum Insured will be payable, provided

you survive a period of 30 days following the diagnosis of any of the below mentioned Critical illness

I Critical Illness Benefit will be payable only once during the entire policy term.

I If the diagnosis is made within the policy term and the survival period crosses the end point of policy term, a valid claim arising as a result of such a diagnosis shall be considered

I Once the Critical Illness Benefit is paid, the benefit will cease for the remaining policy term. However, other benefits (such as Daily Hospital Cash Benefit and Surgical Benefit), if applicable will continue to be in force

I There is a waiting period of 90 days for Critical Illness Benefit from the date of commencement or reinstatement of the cover, whichever occurs later except in cases where the Critical Illness occurs as a result of an Accident (e.g., Major Head Trauma)

D. Maturity Benefit:

I There is no maturity benefit under this product. The policy will terminate at the end of policy term and no further benefits will be payable to you

E. Death Benefit: I There is no death benefit under the product F. Surrender Benefit

I No surrender value shall be payable if any claim has been made under this product

I The policy can only be surrendered in full, partial Surrender (i.e. surrender of a few benefits) shall not be allowed

I In case of Regular Premium paying policies, no surrender benefit is payable

I In case of Single Premium paying policies, surrender benefit payable shall be as follows:

How to chose best Term insurance plan

The primary reason for taking life insurance is to offer financial cover to your dependents at a time when you are no longer around to support them. In that sense, the policy must provide adequate financial cover so that the dependents can achieve their financial goals or in the least maintain their existing lifestyle.HDFC Life helps you ensure that you protect these interests by helping you choose the best term insurance plan in India in 2016 based on these 7 factors:

Mentioned below are highlights of HDFC Life Click 2 Protect Plus, an Online Term Plan:HDFC Life Click 2 Protect Plus - Online Term Plan

Why term plans?

While life insurance has many options, term insurance plans in particular are worth a look. Term plans provide life cover with no savings / profits component. The best term insurance plans are basic in nature which is a plus point for individuals who are looking for just a life cover without the savings. This makes term plans the most affordable form of life insurance as premiums are cheaper compared to other life insurance plans.

In a term plan, a fixed sum of money - the sum assured – is paid to the beneficiaries if the policyholder expires over the policy term. If the policyholder survives, there is no pay out.

So how does the individual choose the right term insurance plan?

We have shortlisted some of the more important features over here:

Company reputation

While the company and its standing is important in any business, it is particularly so in life insurance. Any business involving hard-earned money handed over to a company as trust rests on reputation honed carefully over decades of expertise and trust. It is the individual’s duty to ascertain whether that is the case in practice. Among other factors, he must evaluate the experience of the life insurance company and its partners, their track record in delivering results, their standing in the domestic landscape, the credit rating on their deposits – for instance a company with a AAA credit rating broadly indicates sound financial health.

Solvency ratio

The stability and financial standing of the insurance company is determined by the solvency ratio. It gives an idea about whether it can make good all pending claims and grow the business without going bust. Again information on this and other parameters is widely available on company websites and literature. Take your agent’s help in interpreting the information and taking a decision.

Claim – settlement ratio

One way to determine the insurance company will make good on the policyholder’s claim is to review the claim – settlement ratio. The ratio tells the individual how many settlements have been done per 100 claims. So a 100% claim-settlement ratio (very rare) means the company has settled every claim. Go for companies with higher ratios implying that most claims have been settled. The information is usually prominently displayed on websites and company literature.

Expenses

We know that expenses play an important role in term insurance plans. Look for term plans with the lowest expenses as this translates into lower premiums for the same cover. Also,prefer insurance companies that offer discounted premium rates – to non-smokers, for instance.

Riders

The best term insurance plan in 2016 for you is the one that has all the angles covered. One way to achieve this is through riders. A life insurance rider is an add-on to the primary policy, which offers benefits over and above the policy subject to certain conditions.

The policyholder can attach riders to the term plan. So if let’s say there is a critical illness rider, he is entitled to receive the sum assured on being diagnosed with the critical illness. This is in addition to the death benefit of an equal amount on death over the term of the policy.

Enhanced cover

A feature offered by term plans of certain insurers is the flexibility to enhance the life cover during critical stages of the policyholder’s life. For instance, an insurer may allow policyholders to enhance the life cover by 50% at the time of marriage and by 25% at the time of turning a parent. This allows policyholders to start with a modest cover and enhance cover as responsibilities increase as also their ability to pay higher premium.

Convenience

Across the gamut of life insurance plans, one finds term plans seeing the maximum innovation. For one, costs and by extension premium rates have been reduced considerably and this process is on. Buying a term plan has been made easier thanks to the internet. It is now possible for a healthy individual, as defined by the insurer, to buy a term plan on the company’s website without taking a medical test.

What is accidental death benefit rider insurance plan?

Life insurance offers many options and add-ons that make the policy more meaningful to the policyholder

What is accidental death benefit rider insurance plan?

Life insurance offers many options and add-ons that make the policy more meaningful to the policyholder. Add-ons or riders as they are also called allow the policyholder to customize the policy to suit specific needs

One such add-on is in the accidental death benefit rider.

Why accidental death benefit rider insurance plan?

How often do we see a family’s finances come under tremendous stress because the primary breadwinner met with an accident? Treating the accident involves considerable expense and if it turns out to be fatal, the family must also deal with loss of life and future income. The double jeopardy of medical expenses and permanent loss of income from the death of the breadwinner can be financially as also emotionally devastating for the family.

This is where the accidental death benefit rider can prove beneficial.

How the rider benefits you

The rider safeguards the family from accidents / mishaps resulting in death which can impair the family’s income for several months or even years.

In an event of death, the insured gets additional amount - usually twice the sum assured.

Illustration insurance plans

Let us understand with the help of an illustration how the accidental death benefit rider works.

Deepak is 26 years old,employed with a private firm. He is married with a child; his wife is a homemaker. The family gets by on Deepak’sincome – annual salary of Rs 3,60,000 (Rs 3.6 lakhs).

Deepak has a term plan of Rs 25 lakhs. He has taken an accidental death benefit rider. He thought it necessary to go for the specific rider because he usually commutes on his motorcycle. Also given the income needs of the family the Rs 25 lakhs policy is insufficient at present, but that is the best he can afford under the circumstances. So the accidental death benefit rider supplements the sum assured on the primary policy so to speak.

Due to an unfortunate incident on the way to work, Deepak meets with a serious accident. Matters take a turn for the worse, when his condition deteriorates sharply. Eventually, all medical efforts to revive his condition prove unsuccessful and the family loses Deepak to the accident.

The medical bills, including the many tests, surgeon’s feesand hospitalization bills amount to over Rs 10 lakhs. The family claims the insurance on Deepak’s demise. The death proceeds amount to Rs 50 lakhs thanks in large part to the accident death benefit rider. With the rider, they can claim twice the sum assured.

Without the accidental death benefit they were entitled to claim only Rs 25 lakhs. With Rs 10 lakhs gone towards the medical fees, the family would have been left with a paltry Rs 15 lakhs.

The rider can be attached to any policy

The accidental death benefit rider can be attached to any life insurance plan be it term plans, endowment plans, unit-linked plans (ULIPs) or money back plans.

Exclusions

There are certain exclusions to the rider. This means that death caused by certain events like acts of war, illegal activities and hazardous hobbies, among others, do not qualify for the benefits under the rider. Also, there may be age limits to avail of the benefits attached to the rider – for instance, the rider may not apply to the policyholder once he reaches the age of 70 years.

Term Insurance PlanHDFC Life CSC Suraksha

The Common Services Centre (CSC) is a strategic cornerstone of the National e-Governance Plan (NeGP), approved by the Government in May 2006, to introduce e-governance on a massive scale in Rural India. These are ICT enabled front end service delivery points at the village level for delivery of Government, Financial, Social and Private Sector services in the areas of agriculture, health, education, entertainment, FMCG products, banking, insurance, pension, utility payments, etc.

The Scheme is being implemented in a public private partnership framework with a focus on rural entrepreneurship & market mechanisms.

Each CSC is expected to serve a cluster of 6-7 villages (approximately 1400 households), thereby covering more than 6.5 lakh villages across India. The CSCs are being looked at as a change agent not only as service delivery points but also as key contributor in promoting rural entre preneurship, building rural capabilities and liveli hoods by enabling community participation and thus, leading to a collective social change.

In order to facilitate inclusion of this section of the population into mainstream insurance, we have launched HDFC Life CSC Suraksha. This low cost and simple to understand insurance plan will be sold through CSC channel, thereby, helping us increase the reach of life insurance in rural areas at a low cost.

HDFC Life CSC Suraksha is a simple, hassle free term insurance plan. This plan provides for a payment of a lump sum in the event of your unfortunate death.

Features of HDFC Life CSC Suraksha

Term insurance plan which keeps you protected for the entire policy termLow premiums to ensure affordability Flexible Policy Term options ranging from 5 to 15 yearsSimple and Hassle Free Issuance of the policy with Declaration of Good Health (DOGH)

Advantages of HDFC Life CSC Suraksha

Stay insured throughout the policy term and ensure your family’s future is in safe handsGet a lump sum payout in case of your unfortunate demise during the policy term Enjoy tax benefits on the premiums paid under Section 80(c) of the Income Tax Act

What is the aim of this plan?

This plan provides a benefit amount in the unfortunate event of death of the Life Assured anytime during the policy

term. This amount would help your family to pay any outstanding debts or fund the day to day expenses, thus easmg the financial womes of yourfamlly.

What are the . Ian o-tions?

Plan Option (wet

Life Opunn Death Beneit

Extra Life Option Death Bandit v Accidental Death Benelit

hmme Option 10% at the Death benefit as a Lump sun with the remaining 90% payable in farm


hmme Plus Dimun 100% UfSum Assured is paid olideath and equal too 5%01 Sim Assured bemmes payable fora penodof 10 years The rlicmhly Income (in be level a increasing at a simple rate til 10% put as change

Who can apply?

Vw can apply if you meet the below eligibility cntena Age Limits Minimum Entry Age 18 years Maximum Entry Age 65 years Maximum Maturity Age 75 years

TERMSS CONDITIONS

a) Exclusions: in case of death due to suicide. within 12 months from the date of commencement of risk or revival of the policy the nominee of the policy holder shall be entitled to 80% of the premiums paid. prov ded the policy is in-force.

b) Free-look Period: In case you are not agreeable to the any policy terms and conditions. you have the option of returning the policy to us stating the reasons thereof, within 15 days from the date of

receipt of the policy. On receipt of your letter along with the original policy documents. we shall arrange to refund you the premium. subject to deduction of the proportionate risk premium for the period on cover and stamp duty. A policy once returned shall not be revived, reinstated or restored at any paint of time and a new proposal will have to be made fora new policy.

c) Grace Period: Grace period of 30 days from the premium due date is available for payment of premiums.

d) Discontinuance of Premiums: If the due premium is not paid within the end of the grace period, the policy shall lapse without value and the policy benefits shall cease.

e) Revival of a Lapsed Policy: You can revive your lapsed policy within 2 years from the date of first unpaid premium subject to the terms and conditionswe may specify from time to time. For revival. you will need to pay all the outstanding premiums and interest on the outstanding premiums and applicable taxes. Interest rate will be as prevailing from time to time. Once the policy is revived. you are entitled to receive all contractual benefits

1‘) AssignmentorTransfer:

(1) This policy may be transferred/assigned, wholly or in part. with or without consideration.

(2) An Assignment may be effected in a policy by an endorsementupon the policy itself or by a separate instrument under notice to the Insurer.

(3) The instrument of assignment should indicate the fact of transfer

or assignment and the reasons for the assignment or transfer. antecedents of the assignee and terms on which assignment is made.

(4) The assignment must be signed by the transferor or assignor or duly authorized agent an dat tested by at least one witness.

(5) The transfer or assignment shall not be operative as against an Insurer until a notice in writing of the transfer or assignment and either the said endorsement or instrument itself or copy there of certified to be correct by both transferor and transferee or their duly authorized agents have beend elivered to thelnsurer.

(6) Fee to be paid for assignment or transfer can be specified by the Authority through Regulations

(7) On receipt of notice with fee, the Insurer should Grant a written acknowledgement of receipt of notice. Such notice shall be conclusive evidence against the insurer of duly receiving the notice.

Why we need Protection Insurance Plan

Protection Plan help you shield your family from uncertainties in life due to financial losses in terms of loss of income that may dawn upon them in case of your untimely demise or critical illness. Securing the future of one's family is one of the most important goals of life.

Protection Plans go a long way in ensuring your family's financial independence in the event of your unfortunate demise or critical illness. They are all the more important if you are the chief wage earner in your family. No matter how much you have saved or invested over the years, sudden eventualities, such as death or critical illness, always tend to affect your family financially apart from the huge emotional loss.

For instance, consider the example of Amit who is a healthy 25 year old guy with an income of Rs. 1,00,000/- per annum. Let's assume his income increases at a rate of 10% per annum, while the inflation rate is around 4%; this is how his income chart will look like, until he retires at the age of 60 years. At 50 years of age, Amit's real income would have been around Rs. 10,00,000/- per annum. However, in case of Amit's unfortunate demise at an early age of 42 years, the loss of income to his family would be nearly Rs. 5,00,000/- per annum.

However, with a Protection Plan, a mere sum of Rs. 2,280/- annually (exclusive of service tax & educational cess) can help Amit provide a financial cushion of up to Rs. 10,00,000/- for his family over a period of 25 years.

Compare Child Insurance Plans

Child insurance plans comparison is a must to ensure your child enjoys a financially secure future even in your absence. Make sure you compare child plans of all reputed insurance companies before taking a decision. Read ahead for child plan comparison of two popular plans offered by HDFC Life.

HDFC Life Youngstar Udaan

•Entry Age: Depending on choice of options:
Classic:

1.Option 1- Aspiration- 30 days to 60 years
2.Option 2- Academia- 8 years to 60 years
3.Option 3- Career- 8 years to 60 years
Classic Waiver:

4.All Options- 18 years to 55 years
•Maturity Age: Depending on choice of options:
Classic:

1.Option 1- Aspiration- 18years to 75 years
2.Option 2- Academia- 23 years to 75 years
3.Option 3- Career- 23 years to 75 years
Classic Waiver:

4.All Options- 33 years to 55 years
•Minimum Sum Assured: NA
•Min. Premium: Rs. 2,000 monthly/ Rs. 6,000 quarterly/ Rs. 12,000 half yearly/ Rs. 24,000 annual
•Minimum Maturity Benefits: Depending on choice of option:
Endowment Option:

1.Lumpsum payment of 100% of sum assured and Guaranteed Additions equal to 25% of sum assured.
Moneyback Option- Academia

2.30%, 15%, 15%, 15%, and 15% of Sum Assured in 5th , 4th, 3rd, 2nd, and 1st year before maturity respectively.
3.15% of sum assured and Guaranteed Additions equal to 25% of sum assured at maturity.
Moneyback Option- Career

4.15%, 15%, 15%, 15%, and 15% of Sum Assured in 5th , 4th, 3rd, 2nd, and 1st year before maturity respectively.
5.40% of sum assured and Guaranteed Additions equal to 25% of sum assured at maturity.
•Minimum Death Benefits: Depending on choice of option:
Classic Death Benefit- Higher of

1.Sum Assured or
2.105% of Premiums paid
Classic Waiver Death Benefit- Higher of

3.Sum Assured on Maturity or
4.105% of Premiums paid
Sum Assured on Maturity- Higher of

5.Sum Assured on Maturity, or
6.10 times or 7 times of annualized premium depending on the entry age.
•Critical Illness Benefit: NA
•Partial Withdrawal/Loans: 80% of policy’s surrender value
•Policy Term: 15-25 years
•Payment Options: 7 years/10 years/ Term minus 5 years
•Premium Frequency: Quarterly/Half Yearly/Annual
•80CCC Tax Benefits: Yes
•10 (10D) Tax Benefits: Yes
•Fund Allocation: NA

HDFC SL Youngstar Super Premium
•Entry Age: Depending on choice of options:

1.Life Option- 18-65 years
2.Life and Health Option- 18-55 years
•Maturity Age: Depending on choice of options:

1.Life Option- 75 years
2.Life and Health Option- 65 years
•Minimum Sum Assured: Depending on policy holder’s age

1.Less than 45 years, then minimum of 10 times and maximum of 40 times of Annualized premium.
2.Eequal to or more than 45 years, then minimum of 7 times and maximum of 40 times of Annualized premium.
•Min. Premium: Rs. 15,000 annual
•Minimum Maturity Benefits: Risk cover ceases upon policy maturity. Balance units in the fund are redeemed at prevailing price. Policy holder has option of redeeming fund value in installments over a period of five years. In this case, risk cover ceases upon maturity and units will be redeemed in installments at prevailing price.
•Minimum Death Benefits: Minimum death benefit shall be 105% of premiums paid. Benefit is paid on basis of choice of Benefit Payment preference.
Save Benefit:

1.Sum assured is paid to beneficiary in event of a claim.
2.No further premium payments need to be made.
3.Company pays 100% of all future premiums.
4.Risk cover ceases.
5.Fund value paid to beneficiary upon maturity.
Save-n-Gain Benefit:

6.Sum assured is paid to beneficiary in event of a claim
7.No further premium payments need to be made.
8.Company pays 50% of all future premiums
9.Balance 50% premium paid to beneficiary every year as and when it falls due
10.Risk cover ceases
11.Fund value paid to beneficiary upon maturity
•Critical Illness Benefit: If policy holder is diagnosed with a critical illness before end of term of the policy, benefit is paid on basis of choice of Benefit Payment preference—Save Benefit or Save-n-Gain Benefit.Death cover ceases upon claim. Fund value shall be redeemed upon maturity.
•Partial Withdrawal/Loans: Allowed after five years subject to these conditions:
1.Minimum of Rs. 10,000.
2.Fund value cannot fall below 150% of original regular premium after withdrawal.
3.Total withdrawals cannot exceed 300% of original regular premium.
•Policy Term: 10-20 years
•Payment Options: Regular
•Premium Frequency: Annual
•80CCC Tax Benefits: Yes
•10 (10D) Tax Benefits: Yes
•Fund Allocation: Option of investing in a combination of funds with risk rating ranging from Moderate to Very High.
Careful child education plan comparison: on the Internet will ensure best returns on your investment that can help your child exploit his or her talents to the fullest.

Term Insurance plan Comparison

HDFC Life Click 2 Protect (C2P) is a plan that enjoys goodwill of over 1.6 lakh customers who have benefited from this easy and affordable online term plan. Yet there is always room for more; HDFC Life has introduced a new product called HDFC Life Click 2 Protect Plus (C2P+)

Term Insurance Comparison between C2P+ & C2P - A ‘plus’ to your insurance plan

HDFC Life Click 2 Protect (C2P) is a plan that enjoys goodwill of over 1.6 lakh customers who have benefited from this easy and affordable online term plan. Yet there is always room for more; HDFC Life has introduced a new product called HDFC Life Click 2 Protect Plus (C2P+) with additional features

A ‘plus’ to your insurance plan

So what’s new in the HDFC Life C2P+ plan and what are the additional features available? Let’s have a look:

Affordability:
While HDFC Life C2P is an affordable plan, HDFC Life C2P+ has retained this feature; you can get a life cover of Rs 1 crore for a mere Rs 535 per month* under HDFC Life C2P+.

Customisability:
HDFC Life C2P offers death benefit along with tax benefits****. HDFC Life C2P+ goes beyond the realm of mere online term plans and offers additional customisability. This means that one can opt from various options on how death benefit is provided to nominee in case of policy holder’s demise. These options are:

Life Option: Nominee will receive a lump sum on death.Extra Life Option: Nominee receives a lump sum as well as an additional one-time payment in case of accidental death.Income Option: A part of the death benefit is paid out as a lump sum and the rest is paid to nominee in the form of a monthly income spread out over a period of 15 years.Income Plus Option: The entire death benefit due is paid to nominee and he also receive a monthly income equal to 0.5 per cent of the sum assured for the next 10 years. One can choose to receive a flat income or have a 10 per cent increase in income each year till income is due.

Life Stage Protection:
Life Stage Protection is a new addition to HDFC Life C2P+. Available under the life option of HDFC Life C2P+ for customers aged below 45, you can use this feature to increase your sum assured with every important milestone in your life. As an example, when you get married, you can increase the policy cover by 50% or maximum of Rs 50 lakhs; on the birth of your first child, you can further increase the cover by 25% or maximum of upto 25Lakhs and subsequently on the birth of the second child, you can do the same. After the age of 45, you have the opportunity to decrease your risk cover based on your family circumstances as well.

No Medicals:
If you are under 45 and a non-smoker, you do not need to undergo a medical test if the sum assured is less than Rs 50 lakh, however there can still be medical test requirement basis your medical history.

For greater flexibility over the course of your life in terms of sum assured and premium paid, HDFC Life C2P+ is the ideal option. It is a plan that adds more value to an already excellent HDFC Life C2P plan. To know more about HDFC Life C2P

How to Choose the Right Term Insurance Plan for You?

The life insurance industry offers many options to individuals. The discerning individual is particularly interested in term insurance plans, so how does he choose the right term insurance plan?

Selecting the right term insurance plan involves focusing on the key features that can make a difference to you and your dependents.

We have shortlisted some of the more important features for you:

Human life value
The main reason for taking life insurance is to offer financial cover to your dependents in your absence. They expect the insurance policy to provide financial cover to the dependents in their absence. That is why they must make sure the life insurance cover is adequate. Or like they call it in insurance – the insurance must cover the individual’s human life value (HLV).
Simply put, the HLV is the individual’s income / salary plus liabilities like loans. This forms the basis for the life insurance cover and the right plan for the individual is the one which provides for at least the HLV.

Cost
We have all heard that term insurance plans are the cheapest. But that does not mean they can’t get cheaper. Go for term plans with the lowest expenses since this translates into lower premiums for the same cover. Also give preference to insurance companies that offer discounted premium rates – like for instance to non-smokers.

Riders
The best term life insurance plan for you is the one that has all the angles covered. One way to achieve this is through riders. What is a rider? A rider is an add-on to the primary policy, which offers benefits over and above the policy subject to certain conditions. The policyholder can attach riders to the term plan. So if let’s say there is a critical illness rider or a critical illness policy, he is entitled to receive the sum assured on being diagnosed with the same. .This is in addition to the death benefit of an equal amount on death over the term of the policy. Likewise there are other riders like disability cover, loss of employment cover, waiver of premium cover, among others. The policyholder should select riders based on individual and family needs since they can add considerable value to the life cover.

Enhanced cover
A feature offered by term plans of certain insurers is the flexibility to enhance the life cover during critical stages of the policyholder’s life. For instance, an insurer may allow policyholders to enhance the life cover by 50% at the time of marriage and by 25% at the time of turning a parent. This allows policyholders to start with a modest cover and enhance cover as responsibilities increase as also their ability to pay higher premium.

Convenience
Across the gamut of life insurance plans, one finds term life insurance seeing the maximum innovation. For one, costs and by extension premium rates have been reduced considerably and this process is on. Buying a term plan has been made easier thanks to the internet. It is now possible for a healthy individual, as defined by the insurer, to buy a term plan on the company’s website without taking a medical test.

HDFC Life Click 2 Protect Plus Insurance plan

HDFC Life Click 2 Protect Plus is a term insurance plan in India which provides you comprehensive protection at an affordable price and helps you to protect yourself and your loved ones against the uncertainties that life may throw at you. This term life insurance policy provides wide range of cover options and you can choose the cover depending on your need. You can even secure your family’s day to day requirements when you are not around by way of monthly income under Income & Income Plus Option.

Features of HDFC Life Click 2 Protect Plus insurance plan

HDFC Life Click 2 Protect Plus provides Comprehensive Protection to you & your family with choice of Plan Options This term policy provides you with four cover options: Life Option – Lump sum payout of Death Benefit Extra Life Option (Accidental Death Benefit) – Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to accident. Income Option – 10% of Sum Assured payable on death and the remaining payable as monthly income for 15 years Income Plus Option – 100% Sum Assured paid on death PLUS 100% Sum Assured paid in arrears as monthly income for next 10 years. The monthly Income can be chosen as Level or Increasing at 10% p.a.Under Life Stage Protection Feature (available only under Life Option) you have an option to Increase your Insurance Cover on certain key milestones of your Life like Marriage, Child Birth without fresh medical test Flexibility to choose your policy term of 10 to 40 years as per the cover required Option of Regular , Limited & single Premium Payment Term Rewards you for healthy lifestyle with lower premium rates for non-tobacco users Option to pay premiums annually, half-yearly, quarterly or monthly for Regular & limited premium paying term policy You can customize your coverage by opting HDFC Life Income Benefit on Accidental Disability Rider that offers monthly Income of 1% of rider Sum Assured in the event of Total Permanent Disability due to accident for a fixed period of 10 years. Get additional protection by opting for HDFC Life Critical Illness Plus Rider that provides Rider Sum Assured in case diagnosed with any of the 19 Critical Illnesses


Advantages about HDFC Life Click 2 Protect Plus insurance plan

Death Benefit under the plan is:
Single Premium Policy: Higher of :125% of Single Premium Sum Assured Regular Premium Policy: Higher of :10 times the annualized premium105% 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(Accidental Death Benefit): 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 Save Tax under sections 80C and 10(10D) of the Income Tax Act 1961 as per prevailing tax laws. View latest income tax rates for Financial Year 2016-17Choose Sum Assured, Policy Term, Plan Option to suit your needs

Eligibility for HDFC Life Click 2 Protect Plus insurance plan

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 Lakhs – No limit subject to satisfactory underwriting

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

Sometimes the simplest chance is the best one for you. A pure protection plan is a simple way to get a comprehensive protection at an affordable price and protect yourself and your loved ones against the uncertainties that life may throw at you. 

With a range of additional coverage options, HDFC Life Click 2 Protect Plus is an ideal comprehensive protection plan for you! 

What are the key features of this plan? 
Comprehensive coverage at affordable cost Provide financial protection for you and your family Customize your plan with choice of cover options
Life Option: which pays lump sum on death Extra Life Option: which pays an additional lump sum on death due to accident Income option: which pays 10% of the Sum Assured on death With the remaining 90% payable as monthly 
income over 15 years Income Plus option: which pays the Sum Assured to the nominee upon the death of the life assured as well 
as a monthly income to the family for a period of 10 years. A monthly income equal to 0.5% of Sum Assured becomes payable for a period of 10 years. The monthly income can be level or increasing at a simple rate of 
10% p.a. on each policy anniversary. That's not all With Life Stage Protector feature available under Life Option, you can increase your insurance 
cover on certain key milestones of your life without meticais 
Insurance cover available up to age 75 years Single, Limited and Regular premium payment options to choose from 
Attractive premium rates for non tobacco users Tax benefit as per prevailing tax laws 

What is the aim of this plan? 
This plan provides a benefit amount in the unfortunate event of death of the Life Assured anytime during the policy 
term. This amount would help your family to pay any outstanding debts or fund the day to day expenses, thus exams the financial women of yourfamlly. 
What is the aim of this plan? 

This plan provides a benefit amount in the unfortunate event of death of the Life Assured anytime during the policy 

term. This amount would help your family to pay any outstanding debts or fund the day to day expenses, thus exams the financial women of yourfamlly. 

What is Term Insurance?

Term plans are typically low cost insurance plans that provide full protection and financial stability to your loved ones in case of any unforeseen events. HDFC Life presents a variety of term insurance plans and policies in India to best meet your needs.

What is Term Insurance?

Term insurance is a life insurance product offered by an insurance company which offers financial coverage to the policy holder for a specific time period. In case of death of the insured individual during the policy term, the death benefit is paid by the company to the beneficiary.