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Features and Benefits of HDFC Life Click 2 Invest Ulip

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Features and Benefits of HDFC Life Click 2 Invest Ulip
May 02, 2023

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In this policy, the investment risks in the investment portfolio is borne by the policyholder

The HDFC Life Click2Invest ULIP (Unit-Linked Insurance Plan) is an insurance product that combines life insurance cover and investment. This plan allows policyholders to invest in a variety of market-linked funds while simultaneously providing life insurance to safeguard the financial future of their families. Those wishing to invest in a ULIP will find the online plan to be a straightforward and affordable solution.

Why And Who Must Buy?

The HDFC Life Click2Invest ULIP is a good choice for people who want a financial product that combines life insurance with opportunities to invest in the market. It can be a good choice for people who want to build up their wealth over time and make sure their loved ones are taken care of financially.

Features Of HDFC Life Click2Invest ULIP

  1. Investing Opportunities

    The plan includes 8 equity, debt, and balanced funds. Policyholders can invest based on risk and financial goals.

  2. Life Cover

    HDFC Life Click2Invest ULIP provides life insurance to cover the policyholder's family if they die prematurely.

  3. Flexibility

    Policy term, premium payment term, and sum assured are customizable. Policyholders can switch funds and withdraw partially under specific conditions.

  4. Online availability means lower fees than traditional ULIPs. The plan has no premium allocation or policy administration fees, which may boost returns.

  5. Tax Benefits

    Policyholders can claim tax deductions on premiums and benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to tax law.

  6. Top-up Premiums

    Under certain conditions, policyholders can invest more when they have extra money through top-up premiums.

Benefits Of HDFC Life Click2Invest ULIP

For those seeking life insurance and market-linked investments, HDFC Life Click2Invest ULIP has many advantages such as:

  1. The plan provides life insurance and market-linked investments to safeguard your family and enhance your wealth.

  2. Choose from multiple options of stock, debt, and balanced funds to diversify your investment portfolio.

  3. Under specific restrictions and conditions, you can switch funds and make partial withdrawals to adapt your investment strategy to changing needs and market conditions.

  4. Online availability lowers HDFC Life Click2Invest ULIP's fees. No premium allocation or insurance administration fees could boost returns.

    1. Tax deduction under section 80C#

      Premiums paid in a financial year towards premium of ULIP plans are eligible for deduction under Section 80C# up to the limit of Rs. 1,50,000/- in a financial year.

    2. Tax exemption on maturity/death proceeds

      Proceeds received on maturity of ULIP plan areexempt from tax subject to provisions mentioned in Section 10(10D) i.e if the premium payable for any of the years during the policy term does not exceeds 10% of the death sum assured.

      In addition to the above, for policies issued after 1st Feb 2021 tax exemption on maturity proceeds will be available if premium paid in any of the years towards such matured polices does not exceed Rs.2,50,000. Out of the total matured policies in a financial year, exemption u/s 10(10D) will be available only towards those polices who’s aggregate premium in any years does not exceed Rs. 2,50,000/.

      Rest policies exceeding the mentioned limit will be chargeable as capital gains.

      Death proceeds shall be exempt from tax for all ULIP plans.

  6. Under certain conditions, the plan lets you contribute more. This function lets you invest more when you have extra money, maximizing wealth generation.

Secure Your Future With HDFC Life Click2Invest ULIP

HDFC Life Click2Invest ULIP is a great choice for people who want a financial solution that combines life insurance protection with opportunities to invest in the stock market. This plan helps you make sure that your family's financial future is safe and also lets you build your wealth over time. The Click2Invest ULIP can meet a wide range of financial needs and goals because it has a lot of different investment options, is flexible, has lower fees, and has tax benefits. By choosing HDFC Life Click2Invest ULIP, you can confidently start a journey toward financial security and wealth creation for you and your family.

Conclusion

HDFC Life Click2Invest ULIP is a great option for people who want to balance financial security and building wealth. This all-inclusive plan combines the security of life insurance with the possibility of long-term growth through investments that are linked to the market.

ARN - MC/04/23/1698

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Disclaimer

# Subject to conditions specified u/s 80C and u/s 10(10D) of the Income tax Act, 1961.

The afore stated views are based on the current Income-tax law. Tax Laws are also subject to change from time to time.Also, the customer is requested to seek tax advice from his Chartered Accountant or personal tax advisor with respect to his personal tax liabilities under the Income-tax law.

The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.

HDFC Life Click 2 Invest - ULIP (UIN: 101L100V05) is a unit linked non participating life insurance plan. Life Insurance Coverage is available in this product.

Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Insurance Company, The name of the company, name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

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