HDFC Life Click 2 Achieve Par Advantage (Smart Student Advantage Solution)

Salient Features

Participating, non-linked savings life insurance plan designed to help you achieve your long-term financial goals.
Combines life insurance protection with long-term savings and bonus benefits.
Multiple plan options to suit different financial goals and income requirements.
Choose to receive benefits as regular income, a lump sum, or a combination of both, depending on the selected option.
Option to increase your income over time under eligible plan variants.
Earn Cash Bonuses and Paid-up Additions, if declared.
Policy Continuance Benefit helps ensure eligible policy benefits continue even in the event of the life assured's demise.
Option to add spouse cover for enhanced family protection.
Flexible features such as premium offset and payout deferment, subject to the selected plan option.
Enhance your protection with optional riders available on payment of an additional premium.
Tax benefits may be available on premiums paid and benefits received under the applicable provisions of the Income Tax Act, 1961, subject to the prevailing tax laws.

T&C Apply.

Know More HDFC Life Click 2 Achieve Par Advantage

About HDFC Life Click 2 Achieve Par Advantage
Plan Benefits
Additional Benefits
Eligibility & Plan Details
Disclaimer

About HDFC Life Click 2 Achieve Par Advantage

HDFC Life Click 2 Achieve Par Advantage is an individual, non-linked, participating savings life insurance plan designed to help you build long-term wealth while protecting your family's financial future. The plan offers flexible payout options, life insurance protection, and the opportunity to earn bonuses, enabling you to plan for important milestones such as your child's education, retirement, or other long-term financial goals.

Plan Benefits

Survival/Income Benefit: Receive regular income through a choice of payout options, including Balanced Income, Early Income, Enhanced Income, and Guaranteed Income. Depending on the selected option, the benefits may also include Cash Bonuses, if declared.
Maturity Benefit: On survival until maturity, you will receive a lump sum comprising the Sum Assured on Maturity, along with accrued Cash Bonuses and a Terminal Bonus, if declared, as per the policy terms.
Death Benefit: In the unfortunate event of the Life Assured's demise during the policy term, the nominee will receive the Sum Assured on Death, subject to the policy terms and conditions.

Additional Benefits

Policy Continuance Benefit: If this option is selected, all future premiums are waived upon the death of the Life Assured, while the policy continues and all scheduled survival and maturity benefits are paid to the nominee, subject to the policy terms.
Additional Life Cover: Enhance your protection by opting for an additional life cover, which can also be extended to your spouse.
Flexible Life Cover: Choose a life cover of 7 or 11 times the Annualised Premium for individuals below 50 years of age, and 5 or 11 times the Annualised Premium for individuals aged 50 years and above, subject to the selected plan option.

Eligibility & Plan Details

The eligibility criteria for HDFC Life Click 2 Achieve Par Advantage vary depending on the plan option selected, including Lump Sum, Balanced Income, Early Income, Enhanced Income, and Guaranteed Income. The applicable entry age, maturity age, policy term, and premium payment term differ for each option and are specified in the Product Brochure.

Plan Details

Parameter	Details
Entry Age	Minimum: 30 days Maximum: Up to 65 years, depending on the selected plan option. (For example, the Lump Sum option allows entry up to 65 years, while certain other options have a maximum entry age of 60 years.)
Maturity Age	Minimum: 18 years Maximum: 85 years
Policy Term	Ranges from 10 to 40 years, depending on the selected plan option. The minimum policy term is 10 years for the Lump Sum and Balanced Income options, and 20 years for the Early Income, Enhanced Income, and Guaranteed Income options.
Premium Payment Frequency	Single Pay or Regular Premium, as applicable under the selected plan option.
Minimum Premium	The minimum premium is determined in accordance with the Board Approved Underwriting Policy (BAUP).

Premium Payment Term (PPT)

The plan offers Single Pay and Limited Pay options. Under the Limited Pay option, you can choose a Premium Payment Term of 5, 6, 8, 10, or 12 years, depending on the selected plan option.

Sum Assured on Death

In the unfortunate event of the Life Assured's demise during the policy term, the nominee will receive the Sum Assured on Death. The guaranteed amount payable is based on the selected Death Benefit Multiple and may be 5, 7, or 11 times the Annualised Premium, depending on the age at entry and the plan option chosen.

Disclaimer

The Policy Continuance Benefit must be selected at the time of policy inception and cannot be added later.
The Additional Life Cover option can be extended to your spouse, subject to the applicable policy terms and conditions.
You can choose a life cover of 7 or 11 times the Annualised Premium if the entry age is below 50 years, and 5 or 11 times the Annualised Premium if the entry age is 50 years or above, subject to the selected plan option.
The premium illustration is based on an annual premium of ₹46,800 (excluding applicable taxes), assuming the life assured is a regular individual taxpayer below 30% income tax slab with taxable income below ₹50 lakh, and has opted for the Old Tax Regime. The illustration is for reference purposes only.
The premium payable under HDFC Life Click 2 Wealth Plan may vary depending on the selected financial plan option and product variant. The minimum monthly premium is ₹1,000 (equivalent to approximately ₹33.33 per day).