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HDFC Life Click 2 Retire ULIP Insurance Plan

HDFC Life Click 2 Retire ULIP Insurance Plan - “HDFC Life Click 2 Retire – ULIP” is an online Unit Linked Plan that offers you market linked returns, with minimal charges and helps you achieve your retirement goals by planning well in advance.

HDFC Life Click 2 Retire ULIP Insurance Plan (Features):

  • HDFC Life Click 2 Retire is an Online Pension Plan.
  • Secure your retirement with Assured Vesting Benefit and also gain from upside in the market
  • Option to start as early as 18 years
  • Lower vesting/maturity age of 45 years
  • Regular, Limited Pay & Single Pay – Options available in one product
  • Death benefits to the nominee which will be higher of the fund value of your policy at the time of death or 105% of premiums paid till then
  • Tax Benefits1 under Section 80C and Sec 10(10A) of Income Tax Act 1961

HDFC Life Click 2 Retire ULIP Insurance Plan (Advantages):

  • 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 paidAt 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
  • Deferment of Vesting Date
    1. The deferment of vesting date (retirement date) can be intimated any time before annuitisation.
    2. 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.
    3. 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.
    4. The funds will move to Pension Conservative Fund and all applicable charges will continue to be deducted.
  • Death Benefit: In case of your unfortunate demise before the end of policy term, your nominee will receive the higher of the following:
    1. Fund Value,
    2. 105% of the premium(s) paid. The policy will terminate thereafter and no more benefits will be payable.
  • Charges
    1. Premium allocation charge – Nil.
    2. Policy administration charge – Nil.
    3. Fund Management Charge – 1.35% p.a. of the fund value charged daily.
    4. Mortality Charge –Nil.
    5. Discontinuance charge – Nil.
    6. 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.

  • 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 ULIP Insurance Plan (Eligibility):

Entry Age and Vesting Age
Age at entry3 Minimum 18 years
Maximum 65 years
Vesting Age3 Minimum 45 years
Maximum 75 years
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 LIMITS FOR MINIMUM AND MAXIMUM PREMIUMS?
There is no limit on the 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 Annual 24000 NA
Half Yearly 12000 NA
Quarterly 6000 NA
Monthly4 2000 NA
Single Pay NA 50000
Maximum Premium No Limit5

4Subject to our prevailing operational rules, it may be required for Monthly Frequency to be taken with ECS/SI and to pay first 3 months premium in advance. 5 Subject to our Board Approved Underwriting Policy

For more details on risk factors, charges, terms and conditions, please read the Product Brochure carefully and/or consult Financial Consultant before taking a decision.

HDFC Life Insurance Retirement Plans and Policy

 

Disclaimers:

Starting premiums for this plan are Rs. 24000 per year and the plan is available only on an annual mode

HDFC Life Smart Woman Plan (Form No: P501, UIN: 101L082V02). This is a unit linked non participatory product. For more details on risk factors, terms and conditions and exclusions please read the product brochure or consult financial consultant before conclusion of sale. Unit linked insurance plans are different from traditional plans and are subject to different market risks. The investment risk in the portfolio is borne by the policyholder. (hdfclife.com)

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