HDFC Pension Plans

HDFC Pension Plans
  • 97.8% Claim Settlement Ratio
  • 400+ Branches
  • 24*7 Customer Assistance
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About HDFC Life Insurance Company

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.

  • Claim Ratio: The company carries a good claim settlement ratio of 97.8%, which is a strong number in the life insurance industry.
  • Branches: To spread its services on a wider scale, the company runs more than 400 branches in all over India.
  • Customer Assistance: With thousands of agents, the company is offering 24*7 customer assistance.
Hdfc Pension Plans

HDFC Life Pension Plans: Statistics

HeadquarterMumbai
Business LineLife Insurance
Claim Ratio97.8%
Branches412+

HDFC Life Pension Plans In India

To secure your retirement the company is offering multiple pension plans at affordable prices. Below is the list of best HDFC pension plans

1. HDFC Life Click 2 Wealth

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.

Key Benefits of HDFC Life Click 2 Wealth

  • Minimal Charges: The plan comes at affordable charges. It includes Fund Management charges only and that too for managing your funds and Mortality charge for life cover.
  • Special Addition: In the form of special addition, 101% of the premium allocated to your fund for the first 5 years.
  • Return of Mortality Charges on Maturity: In case you opt for the Premium Waiver option, the company would refund the mortality charges of Life Assured.

Eligibility of HDFC Life Click 2 Wealth

Entry Age0 - 60 Years
Premium Payment Term5 to 40 years
Maturity Age99 years
Maximum PremiumNo Limit

2. HDFC Life Pension Guaranteed Plan

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.

Key Benefits of HDFC Life Pension Guaranteed Plan

  • Annuity Options: The plan offers the option to receive immediate or deferred annuity. It offers the choice of increasing your Annuity Payouts.
  • Return of Purchase Price: The plan offers the option of Return of Purchase Price on death.
  • Death Benefit: The plan offers Death Benefit that will vary depending on the annuity option selected by the insured.

Eligibility of HDFC Life Pension Guaranteed Plan

Entry Age30 - 85 Years
Annuity Payout1000- no limit
Minimum/ Maximum Purchase PriceRs. 42,076- No Limit
Premium Payment TermSingle

3. HDFC Life Guaranteed Pension Plan

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.

Key Benefits of HDFC Life Guaranteed Pension Plan

  • Guaranteed Additions: The plan provides guaranteed Additions of 3% of sum assured for each completed policy year.
  • Vesting Benefit: It will provide a lump sum Vesting Addition which will be payable at vesting.
  • Death Benefit: The plan will offer assured death benefit of total premiums paid to date accumulated at a guaranteed rate of 6% per annum compounded annually.

Eligibility of HDFC Life Guaranteed Pension Plan

Entry Age35 - 65 Years
Maturity55 to 75 years

4. HDFC Life New Immediate Annuity Plan

It 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.

Key Benefits of HDFC Life New Immediate Annuity Plan

  • Guaranteed Income: The plan will keep providing guaranteed income as long as you/your partner lives.
  • Annuity Options: The plan offers a wide range of annuity options to deal with different needs of customers.
  • Annuity Frequency: It offers the option to choose the frequency of annuity from monthly/quarterly/half-yearly/annual options.

Eligibility of HDFC Life New Immediate Annuity Plan

Entry Age30 - 80 Years
Yearly Annuity Payout10000- no limit
Half Yearly Annuity Payout5000- no limit
Monthly Annuity Payout5000- no limit
Quarterly Annuity Payout3000- no limit

5. HDFC Life Pension Super Plus

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.

Key Benefits of HDFC Life Pension Super Plus

  • Flexible: The plan offers the flexibility to choose your retirement date.
  • Assured Maturity: The plan comes out with the benefit of assured Maturity (Vesting).
  • Valuable Opportunity: It offers a valuable opportunity to build a corpus for post-retirement income.

Eligibility of HDFC Life Pension Super Plus

Entry Age35-65 Years
Policy Term10 / 15 / 20
Maturity Age55-75 years
Premium10000- no limit

6. HDFC Life Single Premium Pension Super

It 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.

Key Benefits of HDFC Life Single Premium Pension Super

  • Assured Maturity Benefit: The plan offers assured benefit of 101% of total premiums paid i.e. single premium and top-up premium paid to date.
  • Death Benefit: It also provides death benefit under which 105% of total premiums paid i.e. single premium and top-up premium.
  • Opportunity to build corpus: The plan allows you to build a corpus for your post-retirement income.

Eligibility of HDFC Life Single Premium Pension Super

Entry Age40 - 75 Years
Policy Term10 Years
Maturity Age50 - 85 years
Premium25000- no limit

7. HDFC Life Assured Pension Plan - ULIP

It 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.

Key Benefits of HDFC Life Assured Pension Plan - ULIP

  • Vesting Benefit: The plan secures your retirement with assured vesting benefit and also gain from the upside in the market.
  • Loyalty Additions: You will get the Pension Multipliers every alternate year, starting in the 11th year
  • Start Early: It allows you to start as early as 18 years.

Eligibility of HDFC Life Assured Pension Plan - ULIP

Entry Age18 - 65 Years
Premium Payment Term10 / 15 / 35 Years
Vesting Age45 - 75 years
Premium2000- no limit

8. HDFC Life Personal Pension Plus

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.

Key Benefits of HDFC Life Personal Pension Plus

  • Vesting Age: At vesting age, the plan offers a range of annuity options along with guaranteed income for life.
  • Vesting Benefit: it provides the option to commute up to 1/3rd of the vesting benefit tax-free.
  • Death Benefit: The plan offers death benefit at all times is 105% of the premiums paid.

Eligibility of HDFC Life Personal Pension Plus

Entry Age18 - 65 Years
Maturity Age55- 75 Years
Policy Term10 - 40 Years

Why HDFC Life Pension Plan?

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.

FAQs

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:

  • Netbanking
  • Credit card/ Debit card
  • Debit Card with PIN
  • SI on the card.

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.

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Last updated on 15-11-2019