HDFC Life Insurance is a renowned life insurance platform founded in 2000. The company offers a wide range of life insurance plans to deal with the different needs of customers. The company has a plan for every stage of life. It is a joint venture between HDFC and Standard Life Aberdeen which is a global investment company. The company has more than 400 branches in India.
As on March 31, 2019, it had 38 individual and 11 group products along with 8 optional rider benefits catering to a diverse range of customer needs.
|Business Line||Life Insurance|
To secure your retirement the company is offering multiple pension plans at affordable prices. Below is the list of best HDFC pension plans
It is a Unit Linked, Non-Participating, Life Insurance plan that provides market-linked returns and financial protection for you and your family. This plan covers you to 99 years of age.
|Entry Age||0 - 60 Years|
|Premium Payment Term||5 to 40 years|
|Maturity Age||99 years|
|Maximum Premium||No Limit|
It is a single premium annuity plan that offers a regular guaranteed income for a lifetime. The plan comes out with a wide range of annuity options to cater to your multiple needs. HDFC Life Pension plan also provides annuity payouts through the top-up option.
|Entry Age||30 - 85 Years|
|Annuity Payout||1000- no limit|
|Minimum/ Maximum Purchase Price||Rs. 42,076- No Limit|
|Premium Payment Term||Single|
It is one of the best pension plans by HDFC that helps in securing your post-retirement days. It assists you to build and secure the retirement fund. The plan comes out with guaranteed additions and assured benefits on death or vesting.
|Entry Age||35 - 65 Years|
|Maturity||55 to 75 years|
This HDFC Pension Plan is a non-linked traditional annuity plan which assures that you stay financially independent even after retirement. It also offers you the chance to choose the frequency of annuity payment-monthly/quarterly/half-yearly or annually as well.
|Entry Age||30 - 80 Years|
|Yearly Annuity Payout||10000- no limit|
|Half Yearly Annuity Payout||5000- no limit|
|Monthly Annuity Payout||5000- no limit|
|Quarterly Annuity Payout||3000- no limit|
It is a Unit Linked Pension plan that is designed to secure your investment after your retirement and assist you to enjoy your post-retirement days. This plan builds a corpus during the policy term that makes it easier for you to live independently during your retirement years.
|Entry Age||35-65 Years|
|Policy Term||10 / 15 / 20|
|Maturity Age||55-75 years|
|Premium||10000- no limit|
This HDFC Pension Plan is a unit Linked single premium plan that is also known as a deferred pension plan which is designed to secure your investments. The plan will assist you in living your post-retirement years happily.
|Entry Age||40 - 75 Years|
|Policy Term||10 Years|
|Maturity Age||50 - 85 years|
|Premium||25000- no limit|
This HDFC Pension Plan is a Unit Linked Plan which provides market-linked returns along with Loyalty additions and helps you to achieve your retirement goals. It will help in the planning of your retirement.
|Entry Age||18 - 65 Years|
|Premium Payment Term||10 / 15 / 35 Years|
|Vesting Age||45 - 75 years|
|Premium||2000- no limit|
It is a traditional participating pension plan which is great for individuals who are planning for their retirement. The plan provides secure and stable returns on your invested corpus during your post-retirement days.
|Entry Age||18 - 65 Years|
|Maturity Age||55- 75 Years|
|Policy Term||10 - 40 Years|
Coming from the house of HDFC, India's leading housing finance, enterprise, HDFC life Pension Plans cater to the financial needs of a man or a woman during their post-retirement life. In addition, they comprise features like flexibility, tax savings, guaranteed lifetime income and death benefit among others. The company carries several branches and a good claim settlement ratio as well. It is one of the trusted platforms for your pension plan purchase. HDFC Life Pension Plans to cater to the different financial needs of a person associated with post-retirement years. The diverse plans come with distinctive functions to match varying necessities and purpose to offer maximum returns and viable funding. The online presence of HDFC pension plans makes it a lot easier for customer to avail the best.
A person can earn enough at some stage in his working years to support himself and his family simply. However, the real mission begins whilst retirement dawns and prices show no sign of slowing down. Inflation, rising health care charges, needs of kids and many more situations to tackle in life. For this making plans early for retirement years is necessary. These Days you can buy best HDFC pension plans online as well at affordable.
Yes, during the policy tenure, it is allowed to change the nominee or the percentage of the nominee. For the same, you have to provide the duly filled and signed Policy Servicing Request Form along with the original policy document at any HDFC Life branch.
Vesting age is the Maturity date on which the policyholder can take 1/3 of the Maturity value as a cash lump sum.
You can pay your retirement plan premiums online via:
In case you don't want to continue the policy, you have got the option of returning the plan, within 15 days from the date of receipt of the policy.
You can surrender before maturity. A policy might charge surrender cost and payout of the give up value could be depending on the particular plan and its features.
Last updated on 06-11-2020