How is HDFC Life Click 2 Wealth?

How is HDFC Life Click 2 Wealth?

HDFC Life Click 2 Wealth gives you option of 8 different funds to invest your money. Each fund has its own Investment policy, based on asset allocation between equity, debt and money market instruments. You can invest in a combination of funds by allocating your fund between different fund options.

Is HDFC click to invest is good plan?

HDFC Click 2 Invest is a low cost ULIP which just charges for mortality risk and fund management, at 1.35 per cent. It invests the rest of the premium. This makes it a very cost effective ULIP. These are market linked plans and if the plan doesn’t perform you should be able to switch to a better fund.

Can I surrender my HDFC Life policy?

In case you surrender the policy post the completion of 5 years of the policy term, your total Fund Value shall be paid to you. Once this benefit is paid to the policyholder, the policy comes to an end and no further benefit shall be payable.

How can I cancel my HDFC Click to wealth policy?

Surrender – You can surrender your plan anytime after 5 policy years and receive the Fund Value. In case surrender before 5 years, the funds will move to the Discontinued Fund and you can withdraw after 5 years.

Which is the best ULIP plan?


ULIP Scheme Category 1Y
Future Guarantee Plan – Future Apex Other 19.10%
Bharti AXA Life – Dream Life Pension – Grow Money Pension Debt short term funds 17.20%
Bharti AXA Life – Future Secure Pension – Grow Money Pension Plus Debt short term funds 17.50%

Can I surrender ULIP after 5 years?

Surrendering during the lock-in period – ULIPs have a lock-in period of 5 years but investors can surrender the fund before completion of the lock-in tenure. The risk-cover will cease once you submit the request for surrender, however, the surrender value incurred is paid only at the end of the 5-year term.

Can I stop ULIP after 5 years?

You can exit from ULIP after 5 years; however, it is not advisable even after lock-in period ends. To reap the benefits, you should continue and stay invested for a long period say 15-20 years. If you think that the funds are not performing, you may want to go for switching your funds.

Is ULIP better than MF?

The Fund Management Charges for the ULIPs, however, are lower than Mutual Funds, being 1.35% and 2.5% respectively. Moreover, the insurance regulator IRDAI mandates that the total effective charges on ULIPs should not exceed 2.25%. This means, the total charges on a ULIP can never exceed what a mutual fund charges.

Is ULIP tax free?

Both ULIP and National Savings Certificate (NSC) provides tax benefit u/s 80C of the Income Tax Act, 1961. Investments made in ULIPs of up to Rs. 1.5 lakh are eligible for tax deduction under the overall limit offered under Section 80C.

What is HDFC Life Click 2 retire – ULIP?

HDFC Life Click 2 Retire – ULIP is an online unit linked plan offered by HDFC Life that provides you market linked returns with minimal charges. This retirement plan can help you achieve your goals post retirement if you plan well in advance.

What is the grace period for HDFC Life Click 2 retire?

Grace Period – This is the time period after the premium due date when the policy will be in-force with all risk coverage. HDFC Life Click 2 Retire – ULIP has a grace period of 30 days from the premium due date for policies with annual, semi-annual, and quarterly frequencies.

Is click2retire a good option for life insurance?

But Click2Retire plan’s claims that the charges are minimal. Since this is an online based plan, no intermediaries are involved, hence minimal charges are levied. Firstly, if you are looking for ‘Life insurance cover’ (Protection) then this plan is not for you. Instead, consider buying a best Term insurance plan .

How to buy click 2 retire plan?

To buy Click 2 Retire plan, you need to know your ‘ Projected Retirement corpus ‘ or you can calculate the retirement corpus based on the ‘ Premium ‘ that you can afford. (You may also use our ‘ Retirement Calculator ‘ to know your required Retirement corpus)