Life Insurance Policy

HDFC Pension Plans

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Overview

HDFC Pension Plans result from collaboration between HDFC and Standard Life to provide a comfortable post-retirement life to the people. Many pension pensions are available that can cushion the golden period of your life at an affordable premium amount because of this successful partnership between two giants of the finance industry.

Post-retirement life should be well planned as it is crucial to secure the post-retirement life financially. Anyone must build up an adequate corpus to maintain your lifestyle and get regular income for any unforeseen eventualities in your post-retirement life. So, pension planning can be a tool to deal with these future worries and get regular income even after retirement. HDFC Pension Plan is the one-stop solution for all your future financial worries. HDFC Life Insurance offers its customers various pension plans, each with unique features and benefits.

Benefits of HDFC Pension Plans

HDFC Pension Plans offer a range of benefits that make them an attractive option for individuals planning for retirement. Below are some of the key benefits of HDFC Pension Plans:

  • Retirement Planning: HDFC Pension Plans help individuals plan for the future and save for retirement. HDFC Life Pension Plan offers various options for investment objectives, risk profiles and retirement goals.
  • Tax Benefits: HDFC Pension Plans offer tax benefits under Section 80C and Section 10(10A) of the Income Tax Act, 1961. This means individuals can claim tax deductions on the premium paid to their pension plan.
  • Flexibility: HDFC Pension Plans offer flexibility regarding the premium payment frequency, investment options, and payout options. This allows individuals to customize their HDFC Pension Plan to choose as per their needs and goals.
  • Guaranteed Returns: Some HDFC Pension Plans offer guaranteed returns on the premium paid. This gives individuals the peace of mind that their retirement savings are secure.
  • Regular Income: HDFC Pension Plan provides an option to receive regular income through an annuity. This ensures that individuals have a steady source of income during their retirement years.
  • Death Benefit: HDFC Pension Plans offer a death benefit if the policyholder passes away before the end of the policy term. This ensures that their family members are financially protected in case of an unfortunate event.

Pension Plans Offered Under HDFC Pension Plans

HDFC Pension Plans offers various types of pension plans at an affordable premium. To secure your post-retirement life, you need to check the below-mentioned pension plans offered by HDFC Life Insurance:

Why Buy HDFC Pension Plans?

HDFC Pension Plans from HDFC Life Insurance, one of India's leading life insurance companies. Here are some reasons why you may want to consider buying an HDFC Pension Plan:

  • Regular Income Post Retirement: HDFC Pension Plans provide you with a regular income post-retirement, ensuring financial security for you and your family.
  • Flexibility: HDFC Pension Plans offer flexibility in terms of the premium payment and allow you to choose the retirement age as per your preference.
  • Tax Benefits: You can avail of tax benefits on the premiums paid and also on the maturity amount received under Section 80C and Section 10(10A) of the Income Tax Act.
  • Long-Term Savings: Pension plans are a long-term savings tool that helps you accumulate wealth over the years and plan for your retirement.
  • Protection: HDFC Pension Plans come with a range of optional benefits such as death benefits, accidental death benefits, and disability benefits, which provide additional protection to you and your loved ones.

HDFC Pension Plans Buying Process

You can buy HDFC Pension Plans via two platforms, i.e., the official website of HDFC Life Insurance or RenewBuy.com. Below we have explained both buying processes in detail:

Buy from the official website of the insurance company

  • Visit the official “HDFC Life Insurance” website and click on the “Life Insurance Plans” tab from the header menu.
  • Then, click on the “Pension Plan” section.
  • Scroll down and select your desired plan.
  • Click on the “Buy Now” button.
  • Fill in all the required information, such as name, mobile number, annual income, occupation, etc.
  • Click on the “Calculate” button to calculate the premium amount.
  • Make payment.
  • The insurance company will send the policy documents to your email address.

Buy from “RenewBuy.com”

  • Visit the official website of RenewBuy.
  • Go to the “Life Insurance” section from the header menu.
  • Then, go to the “Life Insurance Companies” section.
  • Click on “HDFC Life Insurance”
  • Select “HDFC Pension Plans”
  • Fill out the form that shows on the next page.
  • Click on the “Buy Now” button.
  • A pop-up will show you the plan details and the additional rider information.
  • Click on the “Proceed to Buy” button.
  • Make the online payment, and the policy documents will be sent to your registered email address.

HDFC Pension Plan Claim Process

Policyholders can submit their claims by following the below-mentioned steps:

  • Visit the official website of “HDFC Life Insurance” and click on the “Claim” section
  • If you are a Whatsapp user, you can message “Death Claim” at +91 8291890569 to start the claim process
  • Download the claim form from the official website of HDFC Life Insurance
  • Submit the claim form to the nearest branch of HDFC Life Insurance along with the necessary documents
  • HDFC Life will verify the documents and then settle your claim