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Features and Benefits of HDFC Life Click 2 Retire Plan

Planning for retirement often gets put on the back burner as we get busy with the hustle of daily life. HDFC Life Click 2 Retire is a unique pension plan combining investment options with life insurance coverage. Let’s see how it helps you plan for the future.

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Secure Future HDFC Life Click 2 Retire Plan

Secure Your Future with the HDFC Life Click 2 Retire Plan

 Secure Your Future with the HDFC Life Click 2 Retire Plan
November 06, 2023

 

In this policy, the investment risks in the investment portfolio is borne by the policyholder

Secure Your Future with the HDFC Life Click 2 Retire Plan

Do you often think about retirement? Are you prepared to meet your financial obligations after retiring? Planning for retirement often gets put on the back burner as we get busy with the hustle of daily life. Securing your future with a pension plan lets you enjoy a financially secure and comfortable retirement.

What are Pension Plans?

A pension plan is an investment policy that helps you save systematically over many years to enjoy a stable income after retirement. Pension plans empower you to take control of your finances and ensure financial independence in the future.

Why Should Indians Buy Pension Plans?

Pension plans offer a guaranteed income to help you meet your daily expenses after retirement. These plans provide better returns than traditional savings accounts and allow you to enjoy market-linked returns. Many policies include insurance coverage, making them comprehensive financial products for you and your family. HDFC Life Click 2 Retire is a unique pension plan combining investment options with life insurance coverage. Let’s see how it helps you plan for the future.

Understanding HDFC Life Click 2 Retire Plan

HDFC Life Click 2 Retire is a unit-linked pension product. It helps you plan and invest to build a corpus for retirement. Fund managers invest the funds on your behalf and provide an assured minimum benefit, providing complete peace of mind.

Benefits of HDFC Life Click 2 Retire Plan

HDFC Life Click 2 Retire offers the following features:

  • Market-Linked Returns

The plan aims to help you build a corpus for the future. Part of your premium goes towards providing your life insurance coverage. The rest gets invested by fund managers on your behalf. On maturity, you receive an assured minimum benefit, enabling you to plan your finances for retirement.

  • Flexibility

The plan allows you to select a single pay or annual premium payments for 8 or 10 years or more. You can choose the option that works best for your current finances. Additionally, the plan allows you to select your retirement age and plan accordingly.

  • Tax Benefits

HDFC Life Click 2 Retire offers tax benefits under Section 80C* and Section 10(10D)# of the Income Tax Act. You can claim taxable deductions of up to Rs. 1, 50,000 per year under Section 80C* against the amount invested in the plan. Additionally, the death benefit and maturity benefit also enjoy tax exemptions. Always check prevailing tax laws and consult a financial advisor to confirm your tax liability.

  • Insurance Coverage

The pension plan offers life insurance coverage. Insurance acts as a safety net, offering financial protection against unforeseen events. Your family receives a payout if anything happens to you during the policy term. The amount provides financial stability during a difficult time.

  • Financial Security with Annuity Purchase

HDFC Life Click 2 Retire requires all investors to purchase an annuity with at least 40% of the accumulated maturity corpus. Annuities offer lifelong income, ensuring you enjoy financial stability and peace of mind during your golden years.

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Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

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Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

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Reviewed By Reviewed By:
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Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

* Subject to conditions specified u/s 80C of the Income tax Act, 1961.

# Subject to conditions specified u/s 10(10D) of the Income tax Act, 1961.

The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year.

HDFC Life Click 2 Retire (UIN No: 101L108V04, Form No: P501) is a Unit Linked Pension Product. 

Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Insurance Company, The name of the company, name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

ARN - ED/10/23/5818