Contact Us
For NRI Customers
(To Buy a Policy)
(If you're our existing customer)
For Online Policy Purchase
(New and Ongoing Applications)
Branch Locator
For Existing Customers
(Issued Policy)
Fund Performance Check
Login
Customers
Employees
Partner
Tax Benefits1
Guaranteed2 Income
RETIREMENT PLANS BUYING GUIDE
:1800-266-9777
ULIP Vs Pension Plans - Which is Better for Retirement?
When it comes to a comparative analysis of ULIPs and pension plans to decide which option is the best, both these plans have their own benefits and relevant features. Viewed from the perspective of tax savings, ULIPs definitely score over pension plans, as ULIPs are eligible for tax exemption under Sections 80C and 10D of the Income Tax Act, 1961. Moreover, ULIPs are much more flexible in terms of fund options and choosing what to do with the accumulated funds. However, there is a catch here. Since ULIPs are not inherently defined to serve as annuity products, pension plans have an advantage that a particular percentage of the corpus is mandatorily meant to purchase annuity. In case of ULIPs, there is no such pre-fixed condition. If on one hand this allows you the freedom to invest the funds as per your wish, on the other it cannot be said that this serves as the guarantee of annuity. The best option is to plan your financial goals with focus on terms and then compare the various features that are available.
HDFC Life offers HDFC Life Pension Guaranteed Plan - a single premium annuity plan that offers you to have a regular pension structure in place after retirement. For details, click on the mentioned link: https://www.hdfclife.com/retirement-and-pension-plans/pension-guaranteed-plan.
Related Articles
- Term Insurance V/S ULIPs - Is One Better Than the Other?
- ULIPs or SIP: How to Choose Wisely
- Why exiting from ULIP is preferred after the Lock in Period ends
Need Help to Buy a Right Plan?
Our expert will assist you in buying a right plan for you online.
Reach us between 9 AM - 9 PM IST.
For existing policy related assistance, click here.
A certified expert of HDFC Life will help you.
99.72% Claim Settlement Ratio
For FY 2025-2026
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Disclaimer: By submitting your contact details, you agree to HDFC Life's Privacy Policy and authorize ...Read More
99.72% Claim Settlement Ratio
For FY 2025-2026
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
Here's all you should know about Retirement Plans.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- term insurance
- savings plan
- ulip plan
- Pension Plan
- health insurance plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- HRA Calculator
- get pension of 30000 per month
- get pension of 50000 per month
- one crore retirement plan
- monthly pension of ₹1 lakh
- Investment Calculator
- annuity plans
- retirement planning
- 10 year retirement plan
- 20 year retirement plan
- What is Term Insurance
- Capital Guarantee Solution Plans
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- What is Investment
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- Best Investment Plans
- Money Back Policy
- NPS Calculator
- 1 crore term insurance
- life Insurance policy
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- Whole Life Insurance
- benefits of term insurance
- types of life insurance
- types of term insurance
- Endowment Policy
- Benefits of Life Insurance
- Term Insurance for NRI
- Term Insurance for Women
- Term Insurance for Self Employed
- child savings plan
- Benefits of Health Insurance
- Health Insurance for Senior Citizens
- Health Insurance for NRI
- Types of Retirement Plan
1. Tax benefits & exemptions are subject to the conditions of the Income Tax Act, 1961 and its provisions. Tax Laws are subject to change from time to time. Customer is requested to seek tax advice from his Chartered Accountant or personal tax advisor with respect to his personal tax liabilities under the Income-tax law.
2. Guaranteed Benefit is paid on survival during policy term provided all due premiums are paid during the premium payment term
~The above-mentioned illustration is for a 26-year-old female who has purchased policy online. Premium payment term is 10 years and policy term is 15 years. Annual premium is Rs 1,20,000. Assumed rate of returns @4% is Rs 15,60,056 and @8% is Rs 23,16,127. (ARN: EC/03/26/32693)
NOTE: The rate of returns mentioned at 8% are only for the purpose of illustrating the flow of benefits if the returns are at this level. It should not be interpreted that the returns under the plan are going to be 8%. The values shown are for illustrative purposes only. Unit linked funds are subject to market risk. Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company. T&C Apply
