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Why HDFC Life Smart Pension Plan is just right for you?

 A Unit Linked Non-Participating Individual Pension Plan

  • This plan is suitable, if you want to ensure regular income and lead an independent life without compromising the standard of living after you retire

  • Life insurance cover to the extent of 105% of total Premium(s) paid including top-up premium

  • To build a retirement corpus

  • Flexibility to alter vesting date and premium payment term

  • Loyalty additions1

  • This plan is suitable, if you want to ensure regular income and lead an independent life without compromising the standard of living after you retire

  • Life insurance cover to the extent of 105% of total Premium(s) paid including top-up premium

  • To build a retirement corpus

  • Flexibility to alter vesting date and premium payment term

  • Loyalty additions1

 1. Loyalty addition would be added to the fund starting from 10 policy anniversary for the other than ‘Single Premium’ policies paying annualized premium of ₹ 1,00,000 at least and for all the Single Premium paying policies.

 1. Loyalty addition would be added to the fund starting from 10 policy anniversary for the other than ‘Single Premium’ policies paying annualized premium of ₹ 1,00,000 at least and for all the Single Premium paying policies.

Your Plan. Your Benefits

View the benefits available for you

  • Death Benefit
  • Retirement Corpus
  • Flexibility to Alter
  • Fund Strategy
  • Loyalty Additions
  • Charges

Death Benefit

Check Your Eligibility

ELIGIBILITY CRITERIA

Premium payment term (PPT)

Single Premium or Other than Single Premium: 5 to 30 years

Policy Term (PT in years which may be changed later)

Minimum: 5 years or PPT whichever is higher
Maximum: 55 years

Minimum Age at Entry (in years as on last birthday)

25 years

Maximum Age at Entry (in years as on last birthday)

70 years

Minimum Age at Vesting Date (in years as on last birthday)

45 years (55 years for QROPS)

Maximum Age at Vesting Date (in years as on last birthday)

80 years

Premium Payment Frequency

Annual, Half-yearly, Monthly

Minimum Premium

Non-single Premium

Policy Term >= 10 & any Premium Payment Term

₹ 50,000 (Annual)

₹ 30,000 (Half-Yearly)

₹ 5,000 (Monthly)

Policy Term < 10 & Premium Payment Term < 10

₹ 1,00,000 (Annual)

₹ 60,000 (Half-Yearly)

₹ 10,000 (Monthly)

Single Premium

₹ 2,00,000

 

Maximum Premium


No Limit (subject to Board approved underwriting policy)

 

1. Loyalty addition would be added to the fund starting from 10 policy anniversary for the other than ‘Single Premium’ policies paying annualized premium of ₹ 1,00,000 at least and for all the Single Premium paying policies.

The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.

For more details on risk factors, associated terms and conditions and exclusions, please read sales brochure carefully before concluding a sale. HDFC Life Smart Pension Plan (UIN: 101L164V01) is the name of a Unit Linked Non-Participating Individual Pension Plan.

Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand and HDFC Life Smart Pension Plan (UIN: 101L164V01) is only the name of the unit linked life insurance contract. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your insurance agent or the intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

ARN: EU/07/22/28260