HDFC Life Click 2 Retire
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"HDFC Life Click 2 Retire" is an online Unit Linked pension scheme that offers you market linked returns and helps you achieve your retirement goals by planning well in advance.


What is this product about ?

HDFC Life Click 2 Retire,an online pension scheme in India that offers market linked returns to help achieve your retirement goals. Enjoy regular income for the rest of your life through this pension scheme.
Why you need this pension scheme?
  • Let your money work for you instead of you working for your money
  • Achieve your retirement goals - Travel,Pursue an expensive hobby,volunteer for a cause etc.
  • Enjoy regular income during your retired life
  • Start early retirement planning
Explore HDFC Life Click 2 Retire
Get these benefits with HDFC Life Click 2 Retire Pension Scheme

    Your policy vests at the end of the policy term, and your Maturity (Vesting) Benefit will be the higher of the following:

    Fund Value or Assured Vesting Benefit

    Assured Vesting Benefit can be calculated as:

    [101% +1% * (Policy Term minus Premium Paying Term)] * Total premiums paid

    At vesting (on maturity), you have the opportunity to purchase an annuity from a range of options. You will get guaranteed income for life for yourself and your spouse. You also have the option to commute up to 1/3rd of the benefit at vesting tax-free as per prevailing tax laws

    • The deferment of vesting date (retirement date) can be intimated any time before annuitisation.
    • You can postpone the vesting date any number of times subject to the maximum vesting age of 75 years, provided you are below an age of 55 years.
    • On postponement of vesting date, Assured Vesting Benefit and Death Benefit will continue to apply. The Assured Vesting Benefit will be the same as that calculated on the policy term chosen at the inception of the policy.
    • The funds will move to Pension Conservative Fund and all applicable charges will continue to be deducted.

     In case of your unfortunate demise before the end of policy term, your nominee will receive the higher of the following:

    • Fund Value
    • 105% of the premium(s) paid. The policy will terminate thereafter and no more benefits will be payable.
    • Premium allocation charge – Nil.
    • Policy administration charge – Nil.
    • Fund Management Charge – 1.35% p.a. of the fund value charged daily.
    • Mortality Charge –Nil.
    • Discontinuance charge – Nil.
    • Investment Guarantee charge
      Pension Equity Plus Fund
      SFIN - ULIF06001/04/14PenEqPlsFd101
      0.50% p.a.
      Pension Income Fund
      SFIN - ULIF06101/04/14PenIncFund101
      0.50% p.a.
      Pension Conservative Fund 
      SFIN - ULIF06201/04/14PenConsvFd101
      0.10% p.a.

      This is a unit linked plan; the premiums you pay in this plan are subject to investment risks associated with the capital markets. The unit prices of the funds may go up or down, reflecting changes in the capital markets.

    Market Instruments, Cash & Deposits
    Government Securities, Fixed Income Instruments & BondsEquity
    Pension Equity Plus FundULIF06101/04/14
    To generate long term capital appreciation in line or better than Nifty index returns0% to 20%0% to 20%80% to 100%Very High
    Pension Income FundULIF06001/04/14
    To deliver High potential returns due to investments in instruments with higher duration and credit exposure0% to 20%80% to100%-Moderate
    Pension Conservative FundULIF06201/04/14
    To invest in high grade fixed income instruments and Government securities at the short end of the yield curve,to deliver stable returns0% to 60%40% to 100%-Low
Age at entry 3
45 yrs
75 yrs
Age at entry 3
18 yrs
65 yrs
Single Pay10, 15 to 35
8 Pay10, 15 to 35
10 Pay10, 15 to 35
15 Pay10, 15 to 35
What are the limits for minimum and maximum premiums ?
There is no limit on maximum premium which you can pay.The minimum premiums required will depend on choice of option and premium payment frequency that you choose
Minimum Premium
Half Yearly12000NA
Single PayNA50000
Maximum PremiumNo Limit 5
Subject to our prevailing operational rules,it may be required for Monthly Frequency to be taken with ECS/SI and to pay first 3 months premiums in advance .subject to our Board Approved underwriting Policy
For more details in risk factor,charges, term and conditions,please read the Product Brochure carefully and/or consult Financial before taking the decision


One of the biggest challenges of retirement planning is to ensure that you have gathered enough money during your working years that will take care of your expenses once you retire. Given the rising cost of living, increased life expectancy and inflation, investments towards your retirement fund is a must to have in your financial calculations. What is equally important is to ensure that there is adequate investment made towards retirement kitty. HDFC Life Click 2 Retire can help you achieve your retirement goals by planning well in advance for it.

It is a Unit linked pension plan.

Only the Fund Management Charge and the Investment Guarantee Charge are applicable on this plan.

A miscellaneous charge of Rs 250 shall be levied for any policy alterations within the contract, as per Section 35 (j) of the IRDAI (Linked) Regulations 2013. However, if the request is executed through the company's web portal the policyholder will be charged Rs 25 per request. The charge may be increased subject to prior approval from IRDAI and is subject to a cap of Rs 500.

You can purchase the policy for a policy term of 10 years or from 15 to 35 years. The different terms available on the plan are as follows:

Premium Payment Term ( years)Policy Term (years)
Single Pay10, 15 to 35
8 Pay10, 15 to 35
10 Pay10, 15 to 35
15 Pay15 to 35

The different premium payment frequencies are Annual, Half yearly, Quarterly and Monthly.

For monthly & quarterly modes, it is mandatory for you to opt for ECS or SI. It is also mandatory to pay premiums of the first 3 months together for monthly mode.

The minimum and maximum premium that you need to pay across different frequencies is as follows:

Premium / Payment FrequencyRegular & Limited 
Pay Options
Single Pay Options
Minimum PremiumAnnual24000NA
Half Yearly12000NA
Single PayNA50000
Maximum PremiumNo Limit+


+There is no absolute maximum premium amount. However, the acceptance of any case is subject to our Board Approved Underwriting Policy

The payout after the maturity will be as follows:

Vesting Benefit: This is the higher of Fund value or Assure Vesting Benefit

As per current regulations, you can utilise the benefits the in the following manner:

  1. Take up to 1/3 of the benefit as tax-free cash lump sum as per the current tax regulations. The rest of the amount must be converted to an annuity at the then prevailing annuity rates. You have to buy the annuity from us as per the prevailing regulation.
  2. You can utilise the entire proceeds to purchase annuity at the then prevailing annuity rates. You have to buy the annuity from us as per the prevailing regulation.
  3. Alternatively, you can utilise the entire proceeds to purchase a single premium deferred pension plan from us.
  4. To extend the accumulation period/deferment period within the same policy with the same terms and conditions as the original policy provided the policyholder is below an age of 55 years at the time of vesting.

Assured Vesting Benefit can be calculated as:

[101% +1% * (Policy Term minus Premium Paying Term)] * Total premiums paid

Product brochure download
5 Reasons to Retire Early

Being employed is important to every young adult. It gives people a sense of financial freedom, and young people, especially those who are just out of college, thoroughly enjoy their newly found independence. Unfortunately, after a few years of working hard, and using your money to finance your dreams, you realise that you need to start saving up for a time when you don’t have a steady income any longer. One of the major advantages of employment is the steady income accrued, and it becomes just as important to have the capacity to retire. You become accustomed to a certain standard of living when you are employed. Therefore, it is provident to have a steady plan of action when it comes to retirement, so you can retire without a worry.

HDFC Life Click 2 Retire
Be an Entrepreneur
  • There are changing perceptions about retirement. Once you retire from a job there is nothing that stops you from taking the incentive to pursue another line of work
  • You could be a business entrepreneur and begin that company you always wanted to form. You could be a social entrepreneur and donate to charities that contribute to the welfare of societies.
  • By being an entrepreneur you could put your business acumen to constructive use.
  • While work may fuel most people’s lives, retiring is also a dream. Perks of professional work may be the domestic or international travel, promotions and luxuries like expense accounts.
  • However, your professional life eventually binds you down and retirement is a special kind of freedom. Retiring early really is the ultimate luxury.
  • You can have time for the things that you value the most. Most of all, retirement planning need not be a complex process with the right retirement policy.
  • There are simple strategies that quite easily aid an early retirement. Utilise these and find your new beginning.
HDFC Life Click 2 Retire
Your retired life is for you to enjoy, not for you to worry about taxes. With HDFC Life Click 2 Retire you can plan your retirement for just Rs 2000 per month and avail tax benefits.


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