Articles December 28, 2020

Our whole life, we try to provide the best for our families. But now, you don’t need to hustle that much as with the Unit-linked Insurance Plan (ULIP), you can get both insurance and investment. And here we will compare Bajaj Future Gain vs HDFC Click 2 Wealth. These two life insurance policies promise financial security, investment as per your risk appetite, fund switching flexibility and more. So, read this page and know the features and benefits of these two ULIPs to make a smart choice.

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Eligibility Table: Bajaj Future Gain vs HDFC Click 2 Wealth

ParticularsBajaj Future GainHDFC Click 2 Wealth
Age at Entry1-60 years0 years (30 days)-60 years
Age at Maturity18-70 years18-99 years
Minimum PremiumsYearly - INR 25,000
Half-yearly - INR 13,500
Quarterly - INR 7,000
Monthly - INR 2,500
Top up - INR 5,000
Single - INR 24,000
Annual - INR 2,000
Half-yearly - INR 6,000 Quarterly INR 3,000
Monthly - INR 1,000
Policy Term10-30 years10-40 years
Premium Payment Term5-30 yearsSingle Pay
Limited Pay - 5, 7 and 10 years
Regular Pay - 10-40 years
Sum Assured7X-15X Annualized Premium10X Annualized premium to the Maximum Sum Assured as per the Board Approved Underwriting Policy (BAUP).

Compare Bajaj Future Gain vs HDFC Click 2 Wealth Plan Maturity Benefit

Bajaj Allianz Future Gain ULIP offers a Maturity Benefit at the end of the policy term. The benefit amount is equal to your Regular Premium Fund Value plus the Top-up Premium Fund Value. Whereas at the maturity of HDFC Click 2 Wealth Plan, you will receive your Fund Value calculated by multiplying balance units of your fund to the prevailing unit price.

Compare the Death Benefit of Bajaj Future Gain vs HDFC Click 2 Wealth

If the life assured dies before the Maturity Date, provided the policy is in force, the Death Benefit becomes payable to the nominee. You can check below the death benefit of both these ULIPs.

Bajaj Future Gain – The death benefit will be higher of the prevailing Sum Assured or Regular Premium Fund Value plus the higher of the Top-up Premium Sum Assured or Top-up Premium Fund Value, if any; as on the date of the receipt of intimation of death.

Bajaj Future Gain Guaranteed Death Benefit should be at least 105% of the Total Paid Premiums, as on the date of death.

Sum Assured or the Guaranteed Death Benefit shall be reduced to the extent of any partial withdrawals, if any, made from the Regular Premium Fund in the past two years till the date of death. All partial withdrawals made from the Top-up Premium Fund will not be deducted.

HDFC Click 2 Wealth – The death benefit will be the highest of the following

  1. Total Sum Assured – Partial Withdrawals if any.
  2. Fund Value
  3. 105% of the Total Paid Premiums

The partial withdrawals are reduced from the Total Sum Assured, except for the top-up fund value. Under this, only the partial withdrawals made two years before the date of death will be deducted.

What are the Surrender Benefits of Bajaj Future Gain vs HDFC Click 2 Wealth?

You can surrender your Life Insurance Policy at any time after the lock-in period of the first five policy years.

For Bajaj Future Gain – When you surrender a ULIP plan during the lock-in period, the Regular Premium Fund Value less the Discontinuance/Surrender Charge plus the Top-up Premium Fund Value, if any, will be transferred to the Discontinued Life Policy Fund (which is maintained by the company), and life cover will cease immediately. The Discontinuance Fund Value is available to you at the end of the lock-in period, as a Surrender Benefit.

Whereas if you surrender Bajaj Future Gain after the lock-in period, the Surrender Benefit equaling the Regular Premium Fund Value + Top-up Premium Fund Value, if any, will be payable to you immediately.

For HDFC Click 2 Wealth – In this ULIP, the policyholder can surrender his/her policy anytime at the end of the lock-in period or date of the surrender (whichever is later). If you have a single premium policy, you can surrender it anytime during the lock-in period. Upon surrender, the fund value will be credited to the discontinued policy fund after a deduction of the applicable discontinuance charges. In this case, your policy will continue in the discontinued policy fund, and the proceeds from the discontinuance fund will be available at the end of the lock-in period. Only then the fund management charges will be deducted from the fund during this period.

Check out the Additional Riders of Bajaj Future Gain & HDFC Click 2 Wealth

The insurance companies offer you the following Rider options by which you enhance your protection:-

Bajaj Future Gain

  1. Bajaj Allianz ULIP Accidental Death: When you die due to an accident, the nominee gets an additional benefit of the rider sum assured along with the death benefit.
  2. Bajaj Allianz ULIP Accidental Permanent Total/ Partial Disability: A lump sum amount is paid in the event of accidental permanent total/partial disability of the life assured.
  3. Bajaj Allianz ULIP Critical Illness: A rider sum assured will be payable upon the first diagnosis of any of the 11 critical illnesses specified under the rider terms and conditions.
  4. Bajaj Allianz ULIP Family Income: A monthly income equal to 1% of the rider sum assured will be payable for the remaining term of the rider or 10 years, whichever is higher on death, permanent total/partial disability or diagnosis of any of the 11 critical illnesses.
  5. Bajaj Allianz ULIP Waiver of Premium: All your future premiums under the ULIP policy will be waived off on the first occurrence of death, accidental permanent total disability, or diagnosis of any of the specified critical illness.

HDFC Click 2 Wealth

  1. HDFC Life Income Benefit on Accidental Disability: An amount equal to 1% of Rider Sum Assured will be payable to you monthly for the next 10 years, in case of an Accidental Total Permanent Disability.
  2. HDFC Life Critical Illness: A Rider Sum Assured shall be payable in a lump sum when you are diagnosed with any of the 19 Critical Illnesses and have survived for 30 days.

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