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Investment Plans 2019 views April 21, 2020
HDFC Life Click 2 Invest is a great plan for those with big plans for themselves and their family members with a belief that it shouldn’t cost a lot to accomplish them just smart investments and adequate savings to do so. This is a type of Linked Insurance Product that does not have any liquidity during the first five years of the contract. Furthermore, the Life Assured will have a lock-in period comprising the first five years to the contract wherein they will not be allowed to surrender or withdraw the investment made in linked insurance products. In this policy, the Life Assured bears all risks of investment in an investment portfolio in return for market-linked returns and financial security.
Table of Contents
Eligibility Parameters | Minimum | Maximum |
---|---|---|
Entry Age | 0 Years (30 days) | 65 years |
Maturity Age | 18 years | 75 years |
Premiums Paying Frequency | Single- Rs.24,000 | No specified maximum limit and is subject to Underwriting |
Annual- Rs.12,000 | ||
Half-yearly- Rs.6,000 | ||
Quarterly- Rs.3,000 | ||
Monthly- Rs.1,000 | ||
Fixed Sum Assured for Single Premium | 125% of Single Premium Paid | |
Fixed Sum Assured for Regular & Limited Premium (Entry Age = 55 years) | 10 x annualized premium | |
Fixed Sum Assured for Regular & Limited Premium (Entry Age > 55 years) | 7 x annualized premium | |
Premium Payment Term | Single Pay Limited Pay ranges between 5, 7 and 10 years Regular ranges from 5 to 20 years |
|
Policy Term | Ranges from 5 to 20 years |
Applicable charges | Fund Management Charge (FMC) | This is a charge that is availed daily for fund management. The daily unit price of the fund is calculated with deductions for the fund management charge. It is subject to maximum cap as permitted by IRDA. | 1.35% p.a. of the fund value is charged daily. |
Mortality Charge | Under this plan and charge, a monthly charge is levied in return for death benefit security to the policyholder. It is calculated by cancelling fund units proportionately from each fund type chosen. This is a guaranteed risk benefit charge levied throughout the policy term. | Depending on your Age and Level of Cover the amount charged each month and with the level of cover will vary. | |
Investment options and Risk associated | Funds | Level of Risk | |
Equity Plus Fund | Very High | ||
Diversified Equity Fund | Very High | ||
Opportunities Fund | Very High | ||
Blue Chip Fund | Very High | ||
Bond Fund | Moderate | ||
Balanced fund | Moderate to High | ||
Income Fund | Moderate | ||
Conservative Fund | low |
The premium invested in the selected funds and its proportion will determine the sum assured and other benefits provided. On maturity, you will receive the fund value as a lump sum. On death of the life assured within policy term the chosen benefactor will receive the death benefit.
HDFC Life Click 2 Invest, a Unit Linked Plan, offers not just market linked returns but also valuable monetary security to your family members. The market linked returns can be availed through a range of investment funds and can be chosen from among 8 fund options. Additionally, partial withdrawals too can be made during financial emergencies. This policy can be well utilized with maximum bonuses and benefits only when the premiums and other pre requisites are promptly taken care of.