Features and Benefits of HDFC Life Click 2 Retire Plan

 

In this policy, the investment risks in the investment portfolio is borne by the policyholder

Secure Your Future with the HDFC Life Click 2 Retire Plan

Do you often think about retirement? Are you prepared to meet your financial obligations after retiring? Planning for retirement often gets put on the back burner as we get busy with the hustle of daily life. Securing your future with a pension plan lets you enjoy a financially secure and comfortable retirement.

What are Pension Plans?

A pension plan is an investment policy that helps you save systematically over many years to enjoy a stable income after retirement. Pension plans empower you to take control of your finances and ensure financial independence in the future.

Why Should Indians Buy Pension Plans?

Pension plans offer a guaranteed income to help you meet your daily expenses after retirement. These plans provide better returns than traditional savings accounts and allow you to enjoy market-linked returns. Many policies include insurance coverage, making them comprehensive financial products for you and your family. HDFC Life Click 2 Retire is a unique pension plan combining investment options with life insurance coverage. Let’s see how it helps you plan for the future.

Understanding HDFC Life Click 2 Retire Plan

HDFC Life Click 2 Retire is a unit-linked pension product. It helps you plan and invest to build a corpus for retirement. Fund managers invest the funds on your behalf and provide an assured minimum benefit, providing complete peace of mind.

Benefits of HDFC Life Click 2 Retire Plan

HDFC Life Click 2 Retire offers the following features:

• Market-Linked Returns

The plan aims to help you build a corpus for the future. Part of your premium goes towards providing your life insurance coverage. The rest gets invested by fund managers on your behalf. On maturity, you receive an assured minimum benefit, enabling you to plan your finances for retirement.

• Flexibility

The plan allows you to select a single pay or annual premium payments for 8 or 10 years or more. You can choose the option that works best for your current finances. Additionally, the plan allows you to select your retirement age and plan accordingly.

• Tax Benefits

HDFC Life Click 2 Retire offers tax benefits under Section 80C* and Section 10(10D)^# of the Income Tax Act. You can claim taxable deductions of up to Rs. 1, 50,000 per year under Section 80C* against the amount invested in the plan. Additionally, the death benefit and maturity benefit also enjoy tax exemptions. Always check prevailing tax laws and consult a financial advisor to confirm your tax liability.

• Insurance Coverage

The pension plan offers life insurance coverage. Insurance acts as a safety net, offering financial protection against unforeseen events. Your family receives a payout if anything happens to you during the policy term. The amount provides financial stability during a difficult time.

• Financial Security with Annuity Purchase

HDFC Life Click 2 Retire requires all investors to purchase an annuity with at least 40% of the accumulated maturity corpus. Annuities offer lifelong income, ensuring you enjoy financial stability and peace of mind during your golden years.

Related Articles 

• How to get a 30,000 pension per month?

• Plan for Your Golden Years with a 10-Year Retirement Plan

• Prepare for the Future with a 20-Year Retirement Plan

• Enjoy Financial Security with a 25-Year Retirement Plan

• Income Tax on Pensions: Are They Taxable?

• Features and Benefits of HDFC Life Systematic Retirement Plan