HDFC Life · Term · Term + Critical Illness / Riders
Click 2 Protect Life
A term plan with three variants - a straightforward death-benefit plan, one that rebalances between life cover and critical illness cover, and one that adds monthly income after age 60.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeProtection
CategoryTerm + Critical Illness / Riders
InsurerHDFC Life
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A term plan with three variants - a straightforward death-benefit plan, one that rebalances between life cover and critical illness cover, and one that adds monthly income after age 60.
You might need this if…
- You might need this if you want a simple lump-sum term plan (Life Protect) for income replacement.
- You might need this if you want your cover to automatically shift toward critical illness protection as you age (Life & CI Rebalance), so a serious diagnosis doesn't wipe out your family's safety net.
- You might need this if you want your death benefit to also fund steady monthly income after retirement (Income Plus).
- You might need this if you want the reassurance of getting all your premiums back at the end of the term if nothing happens (optional Return of Premium).
How it actually works
- Entry age 18-65 (varies by variant); policy term 10-40 years or whole of life; minimum sum assured ₹50,000, with no stated maximum subject to underwriting.
- Premiums can be Single, Regular, or Limited Pay (5/10/15 years), paid annually, semi-annually, quarterly, or monthly.
- Death benefit is the highest of the sum assured, 105% of premiums paid, or (for Life & CI Rebalance) the life cover amount fixed at the time.
- Life & CI Rebalance pays a critical illness lump sum from 36 covered conditions and waives future premiums on diagnosis, while the remaining life cover reduces correspondingly.
- Income Plus pays a monthly amount (0.1% of sum assured) from age 60 onward, plus a maturity payout on fixed-term versions.
- Optional riders include Income Benefit, Protect Plus, and Health Plus.
Worked example
A 45-year-old buys ₹1 crore cover under Life & CI Rebalance for 20 years at ₹68,295/year. If diagnosed with a critical illness in year 7, they receive a ₹29 lakh payout and premiums are waived; if they later die in year 13, the nominee receives the remaining ₹71 lakh, having paid ₹4,78,065 in total premiums.
Worth knowing before you decide
- Suicide within 12 months of starting or reviving the policy limits the payout to 80% of premiums paid.
- Pre-existing diseases diagnosed within 36 months before the policy starts are excluded.
- High-risk activities (mountaineering, scuba diving, professional sports) and diagnoses made outside India are excluded.
- If premiums lapse, revival is only possible within 5 years, at 9.5% p.a. interest.
Official source
⌟ Official product brochure
Learn about this category
Read the full term insurance explainer → · See all protection products →