HDFC Life Click 2 Retire

HDFC Life Click 2 Retire

"HDFC Life Click 2 Retire" is an online Unit Linked pension scheme that offers you market linked returns and helps you achieve your retirement goals by planning well in advance.

What is this product about ?
HDFC Life Click 2 Retire, an online pension scheme in India that offers market linked returns to help achieve your retirement goals. Enjoy regular income for the rest of your life through this pension scheme.

Why you need this pension scheme?
1. Let your money work for you instead of you working for your money
2. Achieve your retirement goals - Travel, Pursue an expensive hobby, volunteer for a cause etc.
3. Enjoy regular income during your retired life
4. Start early retirement planning

Features
1. HDFC Life Click 2 Retire is an Online Pension Plan.
2. Secure your retirement with Assured Vesting Benefit and also gain from upside in the market
3. Option to start as early as 18 years
4. Lower vesting/maturity age of 45 years
5. Regular, Limited Pay & Single Pay - Options available in one product
6. Death benefits to the nominee which will be higher of the fund value of your policy at the time of death or 105% of the total premiums paid till date
7. Tax Benefits under Section 80CCC of the Income Tax Act, 1961, subject to the terms and conditions contained therein. Tax Laws are subject to change.

Benefits

Get these benefits with HDFC Life Click 2 Retire Pension Scheme

1. 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.

2. 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 60 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.

3. 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 total premiums paid till date. The policy will terminate thereafter and no more benefits will be payable.

4. 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



5. Fund Details