No, retirement planning is not something you need to worry about when you’re older. If you start early in your work life, you can regularly invest small amounts over a long period of time and accumulate adequate retirement savings. 24000annual, Minimum Vesting Benefit: Higher of Sum assured + Bonuses, or101% of all premiums paid till date, Minimum Level of Death Benefit: Higher of Sum Assured, or Total premiums paid with guaranteed accumulation of 6% p.a from due date of premium till date of death, or 105% of all premiums paid, Vesting Benefits: Up to 1/3rd of benefit can be commuted as tax-free lump sum amount. However, you are not sure how to get started and the various steps to take. Don't let market downturns take your retirement savings and your retirement dreams down with them! HDFC Life Guaranteed Pension Plan. Retirement plans in India help you save enough for retirement. Ignore if already submitted. Subject to provisions, as per Income Tax Act 1961. Term plan of Rs. Remember in retirement, inflation will still be at work and as you advance in retirement the regular income will buy less and less, when compared to the past. HDFC Life Click 2 Retire Your retired life is for you to enjoy, not for you to worry about taxes. Will my provident fund savings not be sufficient? Top 3 Short Term Investment Options for 2016, 3 Good Long Term Investment Options for 2016. Demat your life insurance policies with HDFC Life. How may I help you ? NPS is like a deferred pension plan by life insurance company, in fact quite similar to a ULIP in some respects. Please update via My Account/ Life branch. 101. On retirement, a part or the whole of this savings can be used to create regular retirement income. Welcome to HDFC Life. ), Buy,track and renew with ease.Download the HDFC Life App. No medical. In this case, starting a decade earlier would more than double your final amount. This is known as annuity with the return of purchase price. Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, 5 Best Tax Saving Options & Plans for Financial Year 2016-17. ARN: EC/06/2017/9792. For those who don’t want to face the risk of running short of money in retirement, there is wide range of pension plans to choose from. Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. It is important to understand various tax benefits from a particular plan before investing in one. (DO NOT prefix any country code e.g. Factors To Consider While Buying Pension Plans. HDFC Life Pension Guaranteed Plan is a single premium annuity product which provides a regular guaranteed income for lifetime. HDFC Life Click 2 Wealth is a Unit Linked, Non-Participating, Life Insurance plan that offers market linked returns, charges minimally, provides valuable financial protection for you and your family. It’s never too early to plan for your retirement, start now, Benefits Available Under HDFC Life Guaranteed Pension Plan - Pension Scheme in India. PPF is a 15-year government scheme that allows contribution of upto Rs 1.5 lakhs every year. Our vision is to provide innovative and customer-centric insurance plans that can help our customers secure their family's future as well as help them with other benefits such as tax savings. How may I help you ? A Guide to understand the current market scenario. 6000quarterly/ Rs. Even if it is only a small sum that you can manage to stash away at the end of the month, it’s better than nothing, and the small sum will grow eventually. Quick buy online and Get a 20 lakh cover @ Rs 5 / day. *Annuity Kit is sent 30 days in advance to the correspondence address before the maturity of the pension policy. On reaching retirement age, or vesting age as is the usage for pension plans, a regular income begins to be provided according to the choice of the investor. A distinguishing feature of deferred pension policies from life insurance companies is that life insurance coverage provided. But have you stopped to think about what happens when you are no longer able to work for a living? 2000 monthly/Rs. In this policy, the investment risk in the investment portfolio is borne by the policyholder. 1000 p.m* with HDFC Life Click 2 Wealth. Know more about HDFC Life Retirement and Pension Plans. Plan for guaranteed*, tax-free^ income to secure your future with HDFC Life Sanchay Plus. Wide range of annuity options to cater to your needs. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited). To make the most of that blessing one also needs to have adequate money in retirement, especially ample regular retirement income. This is very much possible if they have planned ... Every plan has its own offerings. In this article, HDFC Life attempts cl ... 08000006609 to get details on your Fund Value, BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRAUDULENT OFFERS, HDFC Life Click 2 Invest-Ulip with 8 fund Options to invest in. Hello ! It is the duty of every responsible and far-sighted individual to plan for his or her retirement. 12000 half-yearly/Rs. ^On survival, at the end of the policy term, receive lumpsum benefit as aggregate of: i) Sum Assured of Maturity ii) Accrued Guaranteed Additions. It’s possible to maintain your current standard of living after you retire or even go on that dream vacation. The earlier you start on your retirement savings, the bigger corpus you’ll have to fall back on. With HDFC Life Click 2 Retire you can plan your retirement for just Rs 2000 per month and avail tax benefits. Welcome to HDFC Life. Pension plans have long investment terms. Minimum Level of Death Benefit: Higher of Total premiums paid with guaranteed accumulation of 6% p.a from due date of premium till date of death, or 105% of all premiums paid. Retirement policies or pension plans provided by life insurance companies qualify for tax deduction for the premiums paid. You tell yourself that you’ll start saving for retirement once you get that promotion, once you turn 40 or once your kids go off to college. Mon-Sat 10 am to 7 pm IST (Local Charges Applicable.) DOWNLOAD BROCHURE CALCULATE PREMIUM 4 Easy steps to get your annuity Step 1: Choose the purchase price that you wish to pay to buy annuity or choose the annuity amount you wish to receive If this sounds a little complex for you, take the help of online calculators or the help of a financial advisor with proven expertise. (DO NOT prefix any country code e.g. The right decisions taken while buying a pension plan may well make a difference between you digging deeper in your pockets in retirement and leading a carefree retired life. Minimum Level of Death Benefit: Higher of Total … By your mid-thirties, chances are that you have settled down and are earning a decent salary. 1 crore at less than Rs. Latest and historic NAVs of our unit-linked funds. HDFC Life in this ... With the availability of a number of plans in the market, choosing the right plan for you can be a hectic task. Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011. Clearly, there are many options to make retired life a blessed life. The pension could also be for a fixed period. In India, retired life is no longer a small period. Term plan of Rs. Plan your financial aid for your retired life. Since work life of a person stretches beyond 15 years, a person has to keep extending the PPF tenure. • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. When you’ve spent your life supporting and providing for your children, it’s likely that they will want to help you out financially in your old age. It ensures that you don’t need to compromise on anything because of money. For instance, if you have company pensions or superannuation funds, these, along with provident fund and gratuity, will mean that you will need to reinvest these retirement savings at retirement, or create regular income through, among other things, annuities. How can I plan right for my child’s future? ), Buy,track and renew with ease.Download the HDFC Life App. Quick buy online and Get a 20 lakh cover @ Rs 5 / day. You protect your family with a life insurance cover during your work life so that the regular needs and major future needs are secured in case of the unfortunate event.