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Insurance Plans April 16, 2020
Everyone looks forward to a life that is stress-free and full of happiness. Unfortunately, most people spend the majority of their lifetimes working and earning an income to support their family. By the time they retire, they are too old and left without any enthusiasm. This is why many seek an early retirement so that they can spend more time with their family, travel, pursue their hobbies and so on. This is why they invest in retirement plans that allow them to build up a corpus and enjoy a pre-retirement phase in life. The HDFC Life Click 2 Retire plan is one such plan that allows you to build up a fund early on in life. Read on to know more.
Table of Contents
The HDFC Life Click 2 Retire is essentially a unit linked insurance plan, or a ULIP, which allows you to combine the aspects of insurance and investment together. You can buy the plan and pay the premiums for a fixed number of years. The premium you pay is broken up into two parts. One part is safely tucked away in a life fund while the other part is invested in the money markets. You can choose the type of investment you want, depending on the risk appetite you have. Most ULIPs, including the HDFC Life Click 2 Retire plan, offer you different fund options to invest in. you can choose a low risk option such as a cash fund or a high risk option such as an equity fund, or even a combination. Your money will be invested accordingly and you will continue to gain dividends, which in turn will help your wealth to grow
When the policy matures, you stand to a maturity benefit. 60% of the amount is available for you to use, while the remaining 40% is used to start an annuity fund. You can use the amount to buy an immediate or deferred annuity plan from HDFC Life or any other insurer. This will help you have a lump sum amount of money and also have a retirement corpus
If you die any time within the policy period, your nominees get the death benefit and the policy terminates
Let us now take a detailed look at some of the most attractive benefits offered by the HDFC Life Click 2 Retire life insurance policy:
Getting a good life insurance plan is not a luxury, it is a massive life requirement. You simply cannot afford to live without a life insurance cover in these times. However, you need a life insurance plan that does not just offer a life cover, but a combination of various other things. The HDFC Life Click 2 Retire plan does just that. While it offers an affordable life cover, it also gives you the option to save and to build up a fund for your retirement years. This is highly beneficial and one of the best advantages of this plan indeed
The minimum entry age of this plan is just 18 years. You can join early and gradually save money for the years to come. You can build up a massive fund by the time you are 40 or 50 years of age if you start saving early. Then, when the policy vests, you can use the lump sum and the annuity benefits and take an early retirement to live life on your own terms and enjoy doing what you like. The HDFC Life Click 2 Retire plan offers an excellent platform for you to save in a simple and highly effective manner
As mentioned above, the plan gives you an amount of money when you outlive the policy period and reach the vesting date. You get a dual advantage at this point – you get a lump sum payment and you get to buy a retirement plan as well. So while you are left with a lot of money at hand, there is also a solid foundation being made for your retirement years. Some people end up spending the lump sum, so the amount invested acts as a cushion that you can rely on, even if you exhaust all of the lump sum amounts
You do not have to approach any insurance agent or visit the insurance provider’s office if you wish to buy the HDFC Life Click 2 Retire plan. It is a simple and straightforward online life insurance plan that you can simply sit at home and buy any time of the day or night. You need to fill in the details, upload some very simple KYC and financial documents and get the policy issued in your name. If you have any doubts, you can contact the insurer and have then cleared. The process is simple and completely free of all hassles.
A very impressive benefit of this plan is that it has no exclusions. The terms are very easy to understand. If you pay all your premiums on time and make honest declarations when buying the plan, your payouts will never get restricted or held back. It is a very good life insurance plan in this respect.
These are indeed some of the very best advantages you get when you buy the HDFC Life Click 2 Retire plan. If you have started planning for your twilight years, invest in this plan and make a smart decision
Before we proceed, let us look at some of the important reasons why you should choose the HDFC Life Click 2 Retire plan:
HDFC Life is one of the most popular private life insurance companies in India. The company is very ethical and has some excellent life insurance plans, including the Click 2 Retire plan. The insurer has won many awards and recognitions over the years. When you buy your plan from such a good insurance provider, you end up making an excellent selection
As mentioned above, the HDFC Life Click 2 Retire plan is a ULIP. ULIPs have long been considered to be excellent investment options that make your money work for you. You don’t have to work for your money and can just sit back and relax while the yields keep making your wealth grow. Choose the HDFC Life Click 2 Retire plan, make regular contributions in the form of premium payments and your money will grow effortlessly
Like most other life insurance plans, the HDFC Life Click 2 Retire plan also offers the opportunity for you to save tax under Section 80C of the Indian Income Tax Act. The premium you pay towards the plan qualifies as a life insurance premium and is tax exempted up to Rs 1.5 lacs a year.
These are some of the very best reasons for you to choose this retirement plan from HDFC Life
As you can clearly see from the points mentioned above, the Click 2 Retire plan is an excellent life insurance policy that doesn’t just cover your life, it also covers your retirement. You get a corpus, a chance to earn a regular income and also keep your family safe in case something were to happen to you. With so many benefits, it is definitely a very good idea to get this plan, which is easily available online
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