Retirement Plans
What is a Retirement Plan?
A retirement life insurance plan offers both life insurance coverage and retirement savings. These plans are structured to help individuals accumulate a corpus during their working years, which can later provide a steady income post-retirement. If the policyholder passes away during the policy term, a death benefit is paid to the nominee.
The primary goal of these plans is to ensure financial security during retirement while providing peace of mind through life insurance coverage. Common types of retirement life insurance plans include Savings Plans, Pension Plans, and Annuity Plans.
Features of Retirement Plans
-
Regular Income Post-Retirement
These plans ensure a steady flow of income after you retire, helping you maintain financial independence.
-
Flexibility in Contribution & Payouts
Depending on your financial goals, you can choose how much to invest and when to start receiving annuity payments.
-
Choice of Immediate or Deferred Annuity
You can opt for immediate annuity (where payouts start right after investment) or deferred annuity (where funds accumulate over time before payouts begin).
-
Lifetime Income Assurance
Annuity plans offer a stable income for life, ensuring long-term financial security.
Explore our Insurance Solutions
-
Retirement Plans
HDFC Life Guaranteed Pension Plan
UIN: 101N092V16
A Non linked Non-participating pension plan
-
- Avail Guaranteed Returns1 that provide financial security
- Benefit from Multiple Premium Paying Terms
- Protect your family’s future with a Life Cover
-
-
Retirement Plans
HDFC Life - Smart Pension Plan
UIN: 101L164V05
A Unit Linkedin Non-Participating Individual Pension Plan
-
- A smart move to ensure a good today and a great tomorrow
- Build a retirement corpus
- Loyalty additions7
- Flexibility to alter vesting date and premium payment term
-
-
1. Only for policies that are in-force. (3% of sum assured on vesting) that will get accrued for each completed policy year. Subject to policy being in force and all due premiums being paid. Conditions Apply.
2. Applicable for life long and long term income option.
3. Tax benefits are subject to provisions as per Income Tax Act, 1961. Tax laws are subject to changes.
4. This applies to Income Variant, whereby guaranteed income is paid on survival of Life Assured during the policy term, provided all due premiums are paid during the premium payment term.
5. ROP – Return of Premiums. This applies to Income variant, whereby all base premiums are returned to policyholder on survival of Life Assured at maturity, provided all due premiums are paid during the premium payment term.
6. Quantum of benefits is guaranteed irrespective of the experience.
7.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.
8. As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws
9. Available under Level Cover with Capital Guarantee and Decreasing Cover with Capital Guarantee plan options.
10. With unlimited free Switching. Available under Level Cover and Decreasing Cover.
Frequently Asked Questions
-
Retirement plans help secure your financial future by providing a steady income after you stop working. They include Pension Plans (which ensure systematic savings) and Annuity Plans (which provide regular income payouts).
-
• Immediate Annuity: Payouts start right after investing.
• Deferred Annuity: Funds accumulate over time before payouts begin. -
• Regular income post-retirement
• Flexible contributions & payouts
• Lifetime income assurance
• Choice of annuity options -
A non-linked, non-participating annuity plan offering guaranteed lifetime income with options like life annuity, return of premium, early return, and increasing annuity. Flexible payout frequencies are available.
-
A unit-linked pension plan that helps build a retirement corpus with benefits like loyalty additions, flexibility in vesting date, and life cover of 105% of total premiums paid.
Insights about the market.
Start your investment journey with InCred Premier today
