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Features And Benefits Of HDFC Life Click2Wealth

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HDFC Life Click2Wealth Features & Benefits
May 17, 2023

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

Unit Linked Insurance Plans (ULIPs) have emerged as a popular investment option for individuals seeking long-term financial growth while enjoying the benefits of insurance coverage. One such comprehensive ULIP that has garnered attention is the HDFC Life Click2Wealth Plan. In this article, we will delve into the reasons you should consider this plan, its suitability, key features, benefits, and how it can help secure your future.

Why and Who Must Buy of HDFC Life Click2Wealth

The HDFC Life Click2Wealth Plan is an ideal choice for individuals looking to achieve their financial goals, be it wealth creation, saving for retirement, or funding their children's education. This plan caters to a wide range of investors, including salaried employees, self-employed professionals, and business owners, who want to maximize their returns while enjoying life insurance coverage. If you are looking to strike a balance between investment and protection, this ULIP is worth considering.

Features Of HDFC Life Click2Wealth

  1. 3 Plan Options

    Invest Plus, Premium Waiver, and Golden Years Benefit cater to different financial needs and goals.

  2. Fund Choices

    Investors can choose from 11 fund options, allowing them to create a customized investment portfolio based on their risk appetite and financial objectives.

  3. Flexibility

    You can switch between funds, redirect future premiums, and make partial withdrawals to meet any immediate financial requirements or to reallocate your investments.

  4. Top-ups

    The plan allows you to invest additional amounts through top-ups, enabling you to boost your investment and maximize returns.

  5. Life Insurance Coverage

    The HDFC Life Click2Wealth Plan provides life insurance coverage, ensuring financial protection for your family.

Benefits Of HDFC Life Click2Wealth

  1. This ULIP offers the dual advantage of market-linked returns and life insurance coverage, providing a comprehensive financial solution.

  2. Premiums paid towards the HDFC Life Click2Wealth Plan are eligible for tax deductions under Section 80C# of the Income Tax Act, while the maturity amount is exempt under Section 10(10D), offering you additional tax savings. Benefits are explained as follows:

    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 are exempt 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.

  3. The plan offers complete transparency concerning charges, ensuring that you are well informed about your investments.

  4. You have the flexibility to manage and control your investments, allowing you to optimize returns based on your financial goals and risk appetite.

Secure Your Future with HDFC Life Click2Wealth

The HDFC Life Click2Wealth Plan is a powerful tool for securing your financial future. By investing in this ULIP, you can not only achieve your financial goals but also ensure that your loved ones are protected in case of unforeseen circumstances. This plan empowers you to take charge of your investments, enabling you to build a robust financial portfolio and enjoy a secure future.

Conclusion

The HDFC Life Click2Wealth Plan is a versatile ULIP that offers a unique blend of investment and insurance, catering to a wide range of financial needs. Its flexibility, fund choices, and transparency make it an attractive option for individuals seeking long-term financial growth and security. Invest in the HDFC Life Click2Wealth Plan today!

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ARN - MC/04/23/1697

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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 Wealth (UIN:101L133V03) is a Unit Linked Non-Participating Individual 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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