Click to Wealth HDFC Life Insurance

4.5

Paybima Rating

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Investing in a life insurance plan is a step that you take to safeguard your family's needs even when you are not around. Now, imagine receiving life cover along with market-linked returns through a single investment. Enter the HDFC Life Click to Wealth plan to offer you dual benefits.

The HDFC Life Click to Wealth is a unit linked insurance plan that promises financial protection for the most important aspects of your life. Let’s learn more about the plan and how it can help you easily achieve your desired financial goals and build a safety net for your loved ones.

Highlights of HDFC Life Click to Wealth

Minimal charges for fund management and mortality costs.

Choice of multiple fund options

Flexible features and multiple riders for customisation.

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HDFC Life Click to Wealth: Highlights

Let’s take a look at the HDFC Life Click to Wealth highlights in detail for a better understanding:

Particulars	Details
Policy Name	HDFC Life Click to Wealth
Insurance Company	HDFC Life Insurance
Plan Options	Available Options:Invest Plus Option Premium Waiver Option Golden Years Benefit Option
Benefits	Multiple Benefits like: High Sum Assured Maturity Benefits Death Benefits Flexible Switching and Investment Strategy Minimal Charges
Add-Ons	₹5 lakhs to ₹1 Crore
Claim Settlement Ratio	99.50% for FY 2023-2024

Wish to Enhance Coverage? Take a look at the Riders Available with HDFC Life Click on Wealth.

If you wish to enhance your coverage under the HDFC Life Click to Wealth plan, you can opt for the following rider:

Rider	Benefits
Protect Plus Rider	This is a linked, nonparticipating, individual health or life rider that offers the following benefit in case of a partial/total disability, accidental death or cancer diagnosis: A proportion of the sum assured under the rider is paid.
Income Benefit on Accidental Disability Rider	This is a linked, nonparticipating, individual life rider that offers the following benefit if there is a total permanent disability due to an accident: A benefit equivalent to 1% of the sum assured under the rider every month for the next 10 years. Note: This rider does not offer a maturity benefit.

HDFC Life Click to Wealth: Eligibility Criteria

Here are the eligibility criteria that you must meet to purchase the HDFC Life Click to Wealth plan:

Age of Entry

Invest Plus: 0 years (30 days) to 60 years.
Golden Years Benefits Option: 0 years (30 days) to 60 years.

Age of Maturity

Invest Plus: 18 years to 75 years.
Golden Years Benefit Option: 99 Years

Features and Benefits of the HDFC Life Click to Wealth

HDFC Life Click to Wealth is a robust life insurance plan that promises dual benefits through a single investment. Additionally, the plan is designed to provide flexibility in how individuals manage their funds. Let’s take a look at the features and benefits of the plan:

Maturity and Death Benefits

The plan comes with maturity and death benefits that ensure the care of your loved ones' needs, even if you are not around. Through maturity benefits, you can meet future goals, such as your child’s marriage or education, loan repayment, and retirement planning.

Customised Investment Strategy

This is a unit-linked insurance plan, under which a portion of your premium is allocated to life cover, and the remaining is invested in a fund of your choice. The plan allows you to choose your investment strategy. You can invest in a combination of funds by allocating your funds across 17 different options, giving you complete control over your investment.

Some of the funds available under the plan include diversified equity funds, blue-chip funds, balanced funds, bond funds, and equity advantage funds, among others.

Fund Boosters

Through fund boosters, you can significantly increase the value of your fund. Here’s how:

Return of Mortality Charges

Under this, the total amount of mortality charges deducted against the policy gets added to the final fund value.

Special Addition

Under this, 1% of the annualised premium is added to the fund value, whether it is a regular, limited pay or single pay policy.

Note: The Fund Booster is an additional benefit and not part of your base coverage.

Flexible Fund Switching

Under a unit-linked insurance plan, you have the option of switching from one fund to another to maximise profits. The plan allows you to move your funds at any time. Additionally, you get unlimited free switches during the policy tenure.

Minimal Charges

The charges of investing in this policy are minimal, which helps increase the value of your fund in the long run. You only have to pay fund management charges and mortality charges. You can refer to the policy document to understand how these charges are applicable.

HDFC Life Click to Wealth: What is Covered?

If you purchase the HDFC Life Click to Wealth plan, then you can enjoy the following coverages:

Maturity Benefits

The policy offers impressive maturity benefits. At the maturity/end of your policy tenure, you will receive your fund value, which is calculated by multiplying the balance units in your fund by the then prevailing unit price. Additionally, you can also take your fund value in periodic instalments as needed.

Death Benefits

If the insured passes away unexpectedly and all due premiums have been paid, the policy provides death benefits that are typically equivalent to the fund value, plus an additional 105% of the total premiums paid. Please note that once death benefits are paid, the policy will terminate. You can review the policy documents to understand the death benefit applicable in the event of the insured's death.

Access to Funds

The plan enables you to invest in a diverse range of funds to achieve your investment objectives. You can choose from the following funds:

Flexi Cap Fund
Balanced Fund
Secure Advantage Fund
Equity Advantage Fund
Dynamic Advantage Fund
Diversified Equity Fund
Opportunities Fund
Discover Fund
Top 300 Alpha 50 Fund
Bond Fund
Midcap Momentum Fund
Too 500 Momentum 50 Fund
Liquid Fund
Nifty Alpha 30 Fund
Blue Chip Fund
Bond Plus Fund
Sustainable Equity Fund

Partial Withdrawals

If you wish to withdraw funds before maturity in part, you can make a lump sum partial withdrawal after 5 years from the policy's inception. Remember that for such withdrawals, the life assured must be at least 18 years of age.

Fund Switch

You can switch between funds as needed without incurring any additional charges.

Premium Redirection

You can easily pay your future premiums into different funds.

HDFC Life Click to Wealth: What is Not Covered?

Remember that when you purchase the HDFC Life Click to Wealth plan, there are certain exclusions under which you are not eligible to get your claims settled, like:

Suicide Exclusions

The policy does not promise any of its regular benefits if the life assured commits suicide. Please review the policy document to gain a better understanding of the exclusions.

Loans

You cannot get loans against this policy.

Pros & Cons HDFC Life Click to Wealth

The HDFC Life Click to Wealth Plan allow the insured to choose from 11 different fund options to maximise corpus

Further, the plan allows the investor to avail free and unlimited switching options from one fund to another

The plan comes with a premium payment option of Single Pay, Limited pay and Regular Pay

The plan allows Premium waiver benefits so that the future of your loved ones stays protected. So, even if there is sudden demise of the insured during the policy term, the policy continues and benefits the nominee

The plan allows the insured to opt for a systematic withdrawal from the fund amount which can be availed as post-retirement income

Death resulting from suicide within 12 months from the date of policy commencement is excluded from the Click to Wealth policy

The plan also excludes those whose demise takes place due to participation in illegal activities

People who cause their demise due to heavy use of intoxication, drugs, and alcohol abuse are categories who are not allowed to avail the plan benefit

Our verdict

HDFC Life Click to Wealth is a reliable and robust life insurance plan that comes with the additional benefit of market-linked returns. A portion of the premium you pay towards the policy goes into life cover, and the remaining is invested in the fund of your choice. HDFC Life Click to Wealth is a smart investment step that you take today to safeguard your and your loved ones’ future needs.

If you haven’t already purchased a life insurance plan, then head straight to the Paybima portal and pick a plan of your choice today.

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HDFC Life
Insurance Company

HDFC Life Insurance Company was established in the year 2000 when the life insurance business was liberalized in India. Today, HDFC Life Insurance Company works as a joint venture between two reputed names in the financial sector – HDFC Limited, the largest housing finance company in India, and Standard Life Aberdeen which is an international investment company. HDFC Life Insurance Company is a reputed name in the Indian life insurance sector. The company offers a range of insurance solutions that cater to the varied financial needs of individuals as well as its corporate clients.

Founded in

2000

Number of Claims

24+ Lakh

Number of Policies

6.6 crore lives covered

Turnover (GWP)

63,076 Crores

JV Partners

HDFC Limited and Abrdn plc.

Claims Experience

Claims Experience Rating 4.7

% of Complaints received on overall claims
% customers unhappy with claims experience

Less

Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?

99.5%

Benefits of HDFC Life Click to Wealth

Key Benefits
Minimal Charges	Fund management and mortality charges.
Variety of Funds	Available
Other Benefits
Fund options	Offers 13 fund options.
Switching Option	Switching from one fund to another.
Premium option
Waiver of premium option	Future premiums waived upon death.

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The waiver option is typically offered as an add-on to your existing life insurance plan. Through this, all upcoming premiums are waived in the event of the policy proposer’s death, and the policy carries on as is, so the fund does not stop growing.

The Golden Years Benefit is a plan option under HDFC Life Click to Wealth, under which the insured pays a premium for a specified time (maximum age is 70 years) and enjoys life cover till the age of 99 years. Additionally, the insured can opt for the Systematic Withdrawal Facility, which enables them to generate a post-retirement income from their accumulated fund.

Yes, the policy offers premium top-ups once the policy is active. However, remember that the total top-up should not exceed the total of the premiums paid till that point. Additionally, top-ups are not allowed during the last five years of the policy tenure.

Yes, you can partially withdraw funds under this policy. However, remember that partial withdrawals are not allowed during the first five years of the policy and until the life assured has attained the age of at least 18 years.