Eligibility

As you grow in life, your dreams and aspirations grow as well - finding your dream home, making sure your child gets a good education, or a perfect retirement. We understand the significance of these milestones. Life Insurance plan can help you achieve such goals whilst safeguarding the family’s future against the unforeseen events. That’s why we’re introducing HDFC Life Click 2 Achieve Par Advantage - designed to enable dreams and goals for everyone. At HDFC Life, we believe in granting you the autonomy to shape your financial future in alignment with your unique aspirations and needs. HDFC Life Click 2 Achieve Par Advantage is meticulously designed to offer versatility, presenting you with a spectrum of options to safeguard your loved ones’ futures and attain your financial objectives.

All you need to know

Find out your eligibility:

Without PCB		With PCB
Minimum Age at Entry (Years)	0 (30 days)	18
	In case “Additional Life” option is selected, minimum entry age shall be 18 years for both the lives.
Maximum Age at Entry3 (Years)	Option	Years	Option
	Lumpsum	65	Lumpsum
	Balanced Income		Balanced Income
	Early Income	60	Early Income
	Enhanced Income		Enhanced Income
	Guaranteed Income		Guaranteed Income
Minimum Age at Maturity (Years)	18
Maximum Age at Maturity (Years)3	85		75
Premium Payment Term (Years)	Single Pay, 5, 6, 8, 10, 12
Policy Term (Years)	10 to 40
	The minimum Policy Term for each option shall be as under:
	Plan Option	Minimum policy term
	Lumpsum	10
	Balanced Income	10
	Early Income	20
	Enhanced Income	20
	Guaranteed Income	20
Deferment Period (Years)	0 to 12

Plan Options:

1. Lumpsum

2. Balanced Income

3. Early Income

4. Enhanced Income

5. Guaranteed Income

Policyholder can choose one or more of the above plan options at policy inception. Plan Option once chosen at inception cannot be changed throughout the policy term. Premium will vary depending upon the Option chosen.

How does the plan options work?

Lumpsum: This plan option offers a guaranteed lumpsum payable at maturity along with additional nonguaranteed benefit in the form of regular reversionary bonus (if any) and terminal bonus (if any)

Balanced Income: This plan option offers a guaranteed lumpsum payable at maturity along with additional nonguaranteed benefit in the form of regular cash bonus (if any) and terminal bonus (if any). The plan option aims to enable higher accumulation by providing more weightage to the lumpsum payable on maturity. The regular cash bonus (if any) shall be payable during the pay-out period.

Early Income: This plan option offers a regular cash bonus (if any) during the pay-out period. In addition, there will be a guaranteed lumpsum payable at maturity along with terminal bonus (if any).

Enhanced Income: This plan option offers a regular cash bonus (if any) during the pay-out period, with cash bonus linked to increasing multiple of Sum Assured on Maturity. In addition, there will be a guaranteed lumpsum payable at maturity along with terminal bonus (if any).

Guaranteed Income: This plan option offers a guaranteed pay-out of 10% of Basic Sum Assured payable every year during the pay-out period. In addition, it offers non-guaranteed benefits in the form of regular cash bonus (if any) during the pay-out period and terminal bonus (if any).

Benefits:

1. Death Benefit : On death of the Life Assured during the Policy Term and provided that all Premiums which have fallen due have been paid, the Death Benefit payable shall be highest of the following for each option:

I. Lumpsum • Sum Assured on Death plus accrued Reversionary Bonus (if any) plus Interim Reversionary Bonus (if any) plus Terminal Bonus (if any)*

105% of Total Premiums Paid as on the date of death

II. Balanced Income: In addition to Accrued cash bonus, as applicable (if not paid earlier) the following shall be payable on death

a. Sum Assured on Death plus Interim Cash Bonus (if any) plus Terminal Bonus* (if any)

b. 105% of Total Premiums Paid as on the date of death

III. Early Income: In addition to Accrued Cash Bonus, as applicable (if not paid earlier) the following shall be payable on death

a. Sum Assured on Death plus Interim Cash Bonus (if any) plus Terminal Bonus* (if any)

b. 105% of Total Premiums Paid as on the date of death

IV. Enhanced Income: In addition to Accrued Cash Bonus, as applicable (if not paid earlier) the following shall be payable on death

a. Sum Assured on Death plus Interim Cash Bonus (if any) plus Terminal Bonus* (if any)

b. 105% of Total Premiums Paid as on the date of death

V. Guaranteed Income: In addition to Accrued cash bonus and/or guaranteed pay-out, as applicable (if not paid earlier) the following shall be payable on death

a. Sum Assured on Death plus Interim Cash Bonus (if any) plus Terminal Bonus* (if any)

b. 105% of Total Premiums Paid as on the date of death

* Terminal Bonus is only applicable for option where PCB is not opted

Where, Sum Assured on Death shall be equal to

Death Benefit Multiple (DBM) x Single Premium (for Single Pay)

Death Benefit Multiple (DBM) x Annualized Premium (for Limited & Regular Pay)

Terms and Conditions

We recommend that you read and understand this product brochure & customized benefit illustration and understand what the plan is, how it works and the risks involved before you purchase.

A. Risk Factor:

HDFC Life Insurance Company Limited is the name of our Insurance Company and “HDFC Life Click 2 Achieve Par Advantage” is the name of this plan. The name of our company and the name of our plan do not, in any way, indicate the quality of the plan, its future prospects or returns. • Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by insurance company.

B. Suicide Exclusions: In case of death of the life assured due to suicide within 12 months from the date of commencement of risk or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to at least 80% of the total premiums paid till the date of death or surrender value available as on the date of death, whichever is higher, provided the policy is in force.

Additional Life Option- In case of death of either of the lives assured due to suicide within 12 months from the date of commencement of risk under the policy, the nominee or beneficiary of the policyholder/ lives assured shall be entitled to at least 80% of the total premiums paid till the date of death or surrender value available as on the date of death, whichever is higher, provided the policy is in force. The surviving life shall be given an option to continue with the policy on a Single Life basis, with future premium payment to be paid by the surviving life. The Annualised Premium for the outstanding term shall be revised to that payable by a Single Life of corresponding age.

C. Tax Benefits: Tax Benefits may be available as per prevailing tax laws. You are requested to consult your tax advisor.

D: Cancellation in the Free-Look period: In case you are not agreeable to the any of the policy terms and conditions, under this product you have the option of returning the policy to us stating the reasons thereof, within 30 days from the date of receipt of the policy, as per IRDAI (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024, as modified from time to time. On receipt of the letter along with the original policy document, we shall refund the premium, subject to deduction of the proportionate risk premium for the period on cover, expenses incurred on medical examination of the proposer and stamp duty (if any).

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FAQs

What is waiting period?

There is a waiting period of 90 days from the policy commencement date or revival of cover. In case the insured event happens during this period, no benefit shall be payable. Waiting period is not applicable for claims occurring solely due to an accident. However, the permanency of the disability needs to be established for the claim to be payable under Accidental TPD Benefit.

What is Survival period?

A 15-day survival period is applicable. This refers to the period from the diagnosis and fulfilment of the definition of the conditions covered which the life assured must survive before the benefit will be paid. Claim payment will only be made with confirmatory diagnosis of the conditions covered while the insured is alive (i.e., a claim would not be admitted if the diagnosis is made post-mortem). 2. Disabilities covered under Waiver of Premium on Total and Permanent Disability (WOP TPD)

What are taxes?

Indirect Taxes - Taxes and levies as applicable shall be levied as applicable. Any taxes, statutory levy becoming applicable in future may become payable by you by any method including by levy of an additional monetary amount in addition to premium and or charges.

Direct Taxes Tax will be deducted at the applicable rate from the payments made under the policy, as per the provisions of the Income Tax Act, 1961, as amended from time to time.

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Disclaimer

HDFC Life Insurance Company Limited. (CIN: L65110MH2000PLC128245. IRDAI Registration No. 101.) Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Email: service@hdfclife.com, Tel. No: 022-6844-6530 (Call charges apply). Website: www.hdfclife.com

The name/letter ‘HDFC’ in the name/logo of HDFC Life Insurance Company Limited (HDFC Life) belongs to HDFC Bank Limited and is used by HDFC Life under licence from HDFC Bank Limited.

HDFC Life Click 2 Achieve Par Advantage (UIN:101N207V01) is an Individual Non Linked, Participating, Savings Life Insurance Plan. Life Insurance coverage is available in this product.

HDFC Life Income Benefit on Accidental Disability Rider (101B041V01) is a Non-Linked, Participating, Pure risk premium, Individual Life rider. HDFC Life Protect Plus Rider (101B040V01) is a NonLinked, Participating, Pure risk premium, Individual Life/Health rider. HDFC Life Health Plus Rider (101B031V02) is a Non-Linked, Participating, Pure risk premium, Individual Health rider. HDFC Life Waiver of Premium Rider (101B032V02) is a Non-Linked, Participating, Pure risk premium, Individual Life/ Health rider.

This version of the policy document invalidates all previous versions, if any for the same plan. Please know the associated risk and applicable charges from your insurance agent or the intermediary or the policy document of the insurer. HDFC Bank Limited is the Corporate Agent (IRDAI Reg. No. CA0010) of HDFC Life. Insurance policy is underwritten by HDFC Life. Purchase of Insurance policy is voluntary. ARN: MC/01/25/20230.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI or its officials do not involve in any activities of insurance business like selling insurance policies, announcing bonus or investment of premiums, refund of amounts.
Policyholders or the prospects receiving such phone calls are requested to lodge a police complaint

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HDFC Life Click 2 Achieve Par Advantage

Introduction

All you need to know

Features

Eligibility

Find out your eligibility:

Plan Options:

Benefits:

Terms and Conditions

FAQs

Disclaimer

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