HDFC Life Click 2 Achieve – Paid ₹5.22L, not continuing. Need clarity on survival benefit & surrender rules.

[vaibhav111vaibhav111 is verified member.]

Hey everyone need help from anyone who has or had the HDFC Life Click 2 Achieve policy.
I’ve paid a premium of ₹5,22,500 (1st year ) on 7th August 2024 but I’m 99% sure I won’t continue the policy further.

🔹 What’s already happened:​

• I got the first-year survival benefit of ₹2,50,000 on 12th August 2024, 5 days after payment.
• The next premium due is ₹5,22,500 on 7th August 2025.
• The portal says I can make this payment manually after 17th July 2025.

🔹 My questions:​

1. Will I still get the second-year survival benefit of ₹1,86,946 in August 2025 if I don’t pay the second premium? (i'm 99% sure amount won't get credited but doesn't hurt to ask)
2. I’ve already emailed HDFC Life to cancel the NACH mandate, so there will be no auto-debit from my IDFC First Bank account.
   If I decide to continue (unlikely), I’ll use a credit card manually.
3. I’ve seen the Special Surrender Value (SSV) of ₹4,00,848 kicks in after 2 policy years.
   If I don’t pay the second premium and let it lapse, can I still claim this amount after 7th August 2026? now that what i'm after LOL, i paid 5,22,500 and 2,50,00 so net 2,72,500 is stuck if after 2 year i get 4,00,848 that 1.28,348 extra but i don't know that doesn't feel right though! check the pdf i have uploaded.

🔹 Tax part:​

• I’m under the new tax regime, so Section 80C doesn’t help me.
• I already invest ₹1.5L in PPF annually, so this policy has zero tax saving value for me.

Would love to hear from people who:​

• Let the policy lapse
• Got survival benefits without continuing
• Claimed surrender value after 2 years of paid premium

Thanks in advance 🙏

 

[HumorSimpson]

Spoiler:

or stage your own death and get the full insurance - orindum.

. . .