Retirement Plans


If you have accumulated a pension pot in the UK and are looking for an option of investing it through a QROPS, HDFC Life can help you achieve your retirement goals by facilitating your fund transfer through HDFC Life QROPS solutions.

A pension scheme which is administered outside the UK and is registered with HMRC (Her Majesty’s Revenue & Customs). QROPS facilitates easy and convenient pension fund transfer from the United Kingdom.

You can opt for QROPS if you have accumulated a pension fund in the UK and wish to transfer the same to India, in a tax efficient1 retirement product registered as QROPS with HMRC.

Tax Efficient transfer of your pension pot accumulated in the UK to India

Provides steady income for you post retirement in India

Allows your funds with a growth opportunity in India 

Transfer your UK pension pot with HDFC Life QROPS in a few simple steps
Give your Pensions a bright future that they deserve with our QROPS Solution

All Plans

HDFC Life New Immediate Annuity Plan
A Retirement Plan that provides regular income in your retirement years. Read more
HDFC Life Pension Guaranteed Plan
HDFC Life Pension Guaranteed Plan is a single premium annuity product which provides a regular guaranteed income for lifetime. Read More
HDFC Life Assured Pension Plan– ULIP
HDFC Life Assured Pension Plan – ULIP" is a Unit Linked Plan that offers you market linked returns. Read More
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.



UK ’s tax authority responsible for making money available to fund the UK’s public services and for helping families and individuals with targeted financial support.

You can opt for QROPS if you have accumulated a pension fund in the UK and wish to transfer the same to India, in a tax efficient retirement product registered as QROPS with HMRC

  1. Register yourself with HDFC Life for QROPS transfer

  2. Obtain Statement of Account, Transfer Payout Form & Life Time Allowance from the Fund House


  3. Submission of Fund House Docs, KYC, HMRC Forms & Customer Declaration to HDFC Life, post choice of QROPS Scheme

  4. QROPS Transfer application from HDFC Life to UK Fund House

  5. Transfer of funds from UK Fund House to HDFC Life

  6. Login of New Business Plan

To apply for QROPS transfer following criteria should be met

  1. You should have pension pot in UK

  2. Your resident status should be Indian/PIO/OCI/NRI or foreign national residing in India (This is subject to prevailing underwriting rules of HDFC Life at the time of initiating the transfer)

Yes, you should have pension fund accumulated in the United Kingdom. This pension pot is maintained by a Fund House in U.K. In case you are not aware of your fund house, please do get in touch with you employer, they would inform you about your fund house.


Following are the list of pension products which are registered as QROPS with HMRC:

1.HDFC Life Click 2 Retire

2.HDFC Life New Immediate Annuity (Only for customers 55 years & above)

3.HDFC Life Pension Super Plus

4.HDFC Life Guaranteed Pension Plan

Documents required by fund house:

  1. Fund statement issued by fund house

  2. Overseas transfer application, part of fund statement issued by fund house

  3. HMRC form APSS263

  4. HMRC form APSS262

  5. HMRC form CA1890

  6. Passport copy (few fund house insist for original documents for verification)

Documents required by HDFC Life (receiving scheme ):

  1. Customer declaration

  2. KYC documents ID and address proof

  3. Cancelled cheque copy

The Fund House in the UK may ask for other documents depending on their processes/requirements

The list of Indian QROPS is available on HMRC website which is revised every fortnightly basis. It can be referred for checking the status of any QROPS across globe.

The TAT for fund transfer is controlled by fund house. On an average it takes them 2 to 3 months to transfer the funds once they receive the complete set of documents. However, this may take more time if they raise further requirements. As per UK regulations they are bound to transfer the fund within 6 months from the date of receiving complete application for Fund Transfer

No, it is not mandatory to have HDFC bank account. You may use any other bank account for annuity processed and pension payout.

Once the application is received by UK fund house, they would process it as per their TAT. You can get in touch with the fund house to enquire about the status of their application.

There could be 2 scenario for currency conversion:

  1. Conversion is done by banker of UK fund house and INR amount is transferred to HDFC Life.

  2. GBP amount is transferred to HDFC Bank (banker of HDFC Life) and currency conversion is done by HDFC Bank.

In either of the scenarios, HDFC Life does not play any role in currency conversion rates


HDFC Life will not be in position to offer tax advisory. It is always advisable to take independent opinion from a qualified tax consultant on tax related queries.

Yes, any pension fund in UK regulated/governed by HMRC has the option to transfer fund to any QROPS. Your UK based fund house is in the best position to advise whether transfer would be QROPS transfer or an overseas transfer

There is no lower cap defined for transfer of pension fund through QROPS. However, receiving scheme can have minimum investment amount. Like HDFC Life products have minimum premium amount. In case the transferred amount is less than the minimum amount member would need to add INR amount to the transferred amount for investing in the chosen QROPS solution by HDFC Life

There is no maximum limit on the transfer nor on the investment amount with HDFC Life.

You need to now get in touch with our representative and initiate the request for fund transfer by sending the documents. Please register your self on HDFC Life QROPS Page, and our advisor would get in touch with you

No, once the funds are transferred to HDFC Life, entire amount need to be utilized to purchase a QROPS.

CETV request is sent to fund house requesting for the fund statement (this normally applies for initiating transfers from NHS. Once the fund statement is received, again request for fund transfer need to be sent to fund house. So basis difference between both processes is that in the first process fund house sends fund statement, however, in the second they send the fund (if all documents are furnished and in place).


Yes, you may change the product after fund is received but not yet applied to purchase any QROPS. For this transfer you need to submit following documents.

  1. Request letter for the change.

  2. Revised QROPS Customer Declaration

  3. APSS263, with new product details

  4. APSS262, with new product details

1for details on tax efficiency of your pension pot transfer through QROPS please get in touch with a qualified tax consultant

2Through HDFC Life New Immediate Annuity Plan

3Through HDFC Life Pension Plans

For more details on risk factors, terms and conditions, kindly consult our Financial Consultant before taking a decision.

If you have any further queries on QROPS, please contact us at



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