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
IT'S NEVER TOO EARLY TO PLAN FOR YOUR RETIREMENT, START NOW
Explore HDFC Life Click 2 Retire
Features 
Benefits
Get these benefits with HDFC Life Click 2 Retire Pension Scheme
Vesting Benefit 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 till date
On the date of vesting you shall be allowed:
i. To commute up to 60% and utilize the balance amount to purchase an immediate annuity or deferred annuity from us at the then prevailing annuity rates subject to point (ii) below.
ii. To purchase an immediate annuity or deferred annuity from another insurer at the then prevailing annuity rates to the extent of percentage, stipulated by the authority, currently 50%, of the entire proceeds of the policy net of commutation.
Deferment of Vesting Date - 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 60 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.
Death Benefit - Fund Value
- 105 % of the total premiums paid till date. The policy will terminate thereafter and no more benefits will be payable.
In case of your unfortunate demise before the end of policy term, your nominee will receive the higher of the following:
Charges - 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 - ULIF06001/04/14PenEqPlsFd1010.50% p.a. Pension Income Fund
SFIN - ULIF06101/04/14PenIncFund1010.50% p.a. Pension Conservative Fund
SFIN - ULIF06201/04/14PenConsvFd1010.10% 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.
Fund Details | FUND | SFIN | DETAILS | ASSET CLASS | RISK & RETURN RATING | ||
|---|---|---|---|---|---|---|
| Money Market Instruments, Cash & Deposits | Government Securities, Fixed Income Instruments & Bonds | Equity | ||||
| FUND COMPOSITION | ||||||
| Pension Equity Plus Fund | ULIF06101/04/14 PenIncFund101 | To generate long term capital appreciation in line or better than Nifty index returns | 0% to 20% | 0% to 20% | 80% to 100% | Very High |
| Pension Income Fund | ULIF06001/04/14 PenEqPlsFd101 | To deliver High potential returns due to investments in instruments with higher duration and credit exposure | 0% to 20% | 80% to100% | - | Moderate |
| Pension Conservative Fund | ULIF06201/04/14 PenConsvFd101 | To invest in high grade fixed income instruments and Government securities at the short end of the yield curve,to deliver stable returns | 0% to 60% | 40% to 100% | - | Low |
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.
Eligibility
VESTING AGE
MIN
45 yrs
MAX
75 yrs
ENTRY AGE
MIN
18 yrs
MAX
65 yrs
PREMIUM PAYMENT TERMS (YEARS) | POLICY TERM (YEARS) |
|---|---|
| Single Pay | 10, 15 to 35 |
| 8 Pay | 10, 15 to 35 |
| 10 Pay | 10, 15 to 35 |
| 15 Pay | 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
| PREMIUM/PAYMENT FREQUENCY | REGULAR & LIMITED PAY OPTIONS | SINGLE PAY OPTIONS | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Minimum Premium |
| |||||||||||||||||
| Maximum Premium | No Limit * | |||||||||||||||||
*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
Having problems in understanding the jargons, let us help you out.
Frequently Asked Questions
✅
Why do I need the HDFC Life Click 2 Pension Scheme?
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.
✅
Is this a market linked or traditional plan?
It is a Unit linked pension plan.
✅
What are the charges applicable for this pension scheme?
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 27 (j) of IRDAI (Unit Linked Insurance Products) Regulation 2019. 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.
✅
What are the different policy terms and the premium paying term available with this pension scheme?
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 Pay | 10, 15 to 35 |
| 8 Pay | 10, 15 to 35 |
| 10 Pay | 10, 15 to 35 |
| 15 Pay | 15 to 35 |
✅
What are the different premium payment frequencies available on this pension scheme?
The different premium payment frequencies are Annual, Half yearly, Quarterly and Monthly.
✅
What is the minimum and maximum premium that needs to be paid?
The minimum and maximum premium that you need to pay across different frequencies is as follows:
| Premium / Payment Frequency | Regular & Limited Pay Options | Single Pay Options | |
| Minimum Premium | Annual | 24000 | NA |
| Half Yearly | 12000 | NA | |
| Quarterly | 6000 | NA | |
| Monthly | 2000 | NA | |
| Single Pay | NA | 50000 | |
| Maximum Premium | No Limit+ | ||
+There is no absolute maximum premium amount. However, the acceptance of any case is subject to our Board Approved Underwriting Policy
✅
How will the pay out of the plan happen after maturity?
The payout after the maturity will be as follows:
Vesting Benefit: This is the higher of Fund value or Assure Vesting Benefit
On Vesting: On the date of vesting the policyholder shall be allowed:
i. To commute up to 60% and utilize the balance amount to purchase an immediate annuity or deferred annuity from us at the then prevailing annuity rates subject to point (ii) below.
ii. To purchase an immediate annuity or deferred annuity from another insurer at the then prevailing annuity rates to the extent of percentage, stipulated by the authority, currently 50%, of the entire proceeds of the policy net of commutation.
iii. In Addition, the policyholder will also have the option to extend the accumulation period or deferment period within the same policy with the same terms and conditions as the original policy provided the policyholder is below an age of 60 years.
In case the proceeds of the policy on vesting is not sufficient to purchase minimum annuity as defined in Regulation 3(a) of IRDAI (Minimum Limits for Annuities and Other Benefits) Regulations, 2015, as amended from time to time, such proceeds of the policy may be paid to the policyholder as lump sum.
✅
How is the Assured Vesting Benefit calculated?
Assured Vesting Benefit can be calculated as:
[101% +1% * (Policy Term minus Premium Paying Term)] * Total premiums paid till date
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Having problems in understanding the jargons, let us help you out.
Things to know
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.
Planning to Retire EarlyIf you start saving up early enough, you can even think about retiring early, and enjoy the best years of your life travelling, taking up a new hobby, and doing whatever you please. If you aren’t sure how to go about planning for an early retirement, don’t worry. A retirement plan can help you to satisfy your needs. Let’s take a look at some of the advantages of an early retirement.
You Dictate Your MorningsWhen you retire, it isn’t necessary that you sleep in every day. If you are an early riser, you can dedicate your mornings to exactly what you would prefer doing without the rush of getting ready for work. You can focus on your well-being by exercising in the mornings. You can nourish yourself by finally having the time to make a scrumptious breakfast. Further, you don’t have to deal with the hassle of rush hour traffic.
Take a VacationNo more leave applications to be filled out. You need not wait for a boss to approve when you can and cannot take leave. You can take a vacation and finally be the world traveller you always wanted to be. There are so many fascinating getaways in the world and they are completely yours to explore whenever and however you want.- Spend Time with Your Loved OnesThe office no longer presents you with compulsory collaborations with colleagues. You get to decide who you associate with. The time you spent away from home in the office is no longer a hindrance. You can finally have those quality moments you always craved with your children, partner, family members and friends.
- More Free TimeWhen you are not tied down to a job you have more free time. You can decide how to spend this time. You can take up a new sport or learn a musical instrument. You can dedicate yourself to your hobbies. You are completely in charge of the time which is now in your hands.
- Be an EntrepreneurThere 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.
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.
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Our vision is to provide innovative and customer-centric insurance plans that can help our customers secure their family's future as well as help them with other benefits such as tax savings. Keeping this in mind we offer a large range of life insurance plans such as term insurance plan, women's plan, health insurance plans, pension plans for retirement planning, child education plans, ULIPs, saving and investment plans. Most of these life insurance policies are available online, so buy one today and Sar Utha Ke Jiyo!.
As per regulatory changes, it is mandatory to submit PAN/Form 60 (if PAN is not available) for your policy with immediate effect. Please update via My Account/[email protected]/18602679999/HDFC Life branch. Ignore if already submitted.
HDFC Life Insurance Company Limited. CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101.
Registered Office:
HDFC Life Insurance Company Limited,
Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Tel No: (022)67516666.
The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited and is used by HDFC Life under a licence/agreement
For more details on risk factors, associated terms and conditions and exclusions, please read the sales brochure carefully before concluding a sale. ARN: EC/06/2017/9792