Get Brief Idea about HDFC Life Assured Pension Plan (ULIP)

In this HDFC Life Assured Pension Plan (ULIP), the risk of investment in the investment portfolio is endured by the insured. The linked assurance products don’t offer any kind of liquidity throughout the first 5 years of the policy term contract. The insured person won’t be able to either withdraw or surrender the fund invested in the Unit-Linked Insurance Plans partially or completely till the completion of the 5^th year.

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Features Of the HDFC Life Assured Pension Plan

You can protect your retirement with guaranteed vesting benefit as well as gain from the upside market from this plan

This plan allows you to start as quick as you complete 18 years

Loyalty add-ons in the arrangement of Retirement fund Multipliers every alternative year, beginning in the eleventh year

Lower maturity / vesting age of 45 (forty-five) years

Death benefits will be given to its nominee, which is higher than the fund value of the policy during the death or after 105% of the premiums are paid before death

Both the Single Pay & Limited Pay Options are available under this one product

Tax Benefits are availed in this plan under the Section 80C & Section 10(10D) of the Income Tax (IT) Act 1961

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Benefits Of the HDFC Life Assured Pension Plan

Here are some of the benefits of the HDFC Life Assured Pension Plan given below. Check out the HDFC Life Assured Pension Plan here:

Adjournment Of The Maturity Date:

You can delay your vesting date how many times you want. This is entirely subject to the extreme vesting period of 75 years, in case you are below 55 years.

On rearrangement of the vesting date, the Guaranteed Vesting Benefit & Death Benefits will endure applying. The Guaranteed Vesting Benefits will remain the same as the amount calculated on this policy term selected at the beginning of the plan.

The savings will transfer to your Pension Conventional Fund as well as all your applicable responsibilities will endure being subtracted.

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Pension Multiplier Benefit:

Loyalty add-ons in the arrangement of the Pension Multipliers will add to your fund value, in case all due payments have been funded, every alternative year beginning from the completion of the eleventh policy year. Such additions are equal to 1% of the usual fund value for instantly preceding 2 years.

Vesting Benefits:

Your HDFC Life Assured Pension Plan vests at the completion of your policy term, as well as your Vesting (Maturity) Benefits, will be higher than the Assured Maturity Benefit or Fund Value

Death Benefit:

In the case of unfortunate death before the completion of the policy term, the nominee will be given higher Fund Value as well as 105% of your total premium(s) paid till date.

NOTE:

The policy then will dismiss thereafter & thus no more paybacks will be given by the company.

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Eligibility of the HDFC Life Assured Pension Plan

Here I have provided the eligibility in the table form below. Please check out the eligibility of the HDFC Life assured Pension Plan

Entry Age and Vesting Age
Age	Minimum	Maximum
Entry	18 years	65 years
Maturity	45 years	75 years

The term of the Premium Payment	The term of the Policy
Single Pay	10 years, 15 years to 35 years
8 Pay	10 years, 15 years to 35 years
10 Pay	10 years, 15 years to 35 years
15 Pay	15 years to 35 years

There is no limit for the maximum amount for the premium but there are several options for the minimum premium payment. So, let’s now check out the minimum premium payment details in the table given below:

Payment Frequency	Limited & Regular Pay Alternatives	Single Pay Alternatives
Single Pay	NA	50000
Monthly	2000	NA
Quarterly	6000	NA
Half Yearly	12000	NA
Annual	24000	NA

NOTE:

There are no limits on the supreme premium which the policyholder will pay & the minimum payments required will be contingent on the option you chose and the frequency of premium payment.