• HDFC Life Group Retirement Plans

    Planning ahead for the age of retirement can make all the difference in having a comfortable old age. HDFC Life offers group retirement plans that bring down premium costs and provide adequate coverage for members of the group. There are unit-linked plans and non-linked plans. Customers can choose from four different plan options according to their needs and requirements.

    Benefits of HDFC Life Group Retirement Plans

    HDFC Life Insurance offers a variety of group insurance plans to cater to the varied needs of customers. You can benefit from the following when you opt for one of these plans:

    • Premiums can be paid regularly or as a single premium.
    • Assured benefits
    • Options of different investments to choose from
    • Tax benefits as per the prevailing tax laws
    • Switch options to control investments

    Group Retirement Plans Offered by HDFC Life

    There are four group plans offered by HDFC Life that caters to retirement wants and needs of employers and employees.

    HDFC Life Group Pension Plan:

    This is a non-linked participating variable group retirement plan. Employers can use this plan to effectively build an employee superannuation benefit fund. The plan is an ideal investment solution to helping employees build a retirement corpus. Some of the benefits of this plan include:

    • Easy claim settlement process
    • Bonus credited at the end of each financial year
    • Retirement corpus for individual members
    • Minimum floor rate of 0.5% is guaranteed for the policy term
    • Option to get a single policy account or individual member accounts
      Plan Name   Entry Age   Maturity Age   Premium
    HDFC Life Group Pension Plan 16 years to 75 years Not specified Rs.1 lakh per policy

    HDFC Life Group Unit-Linked Pension Plan:

    This unit-linked pension plan provides employers with a suitable yet flexible solution to making provisions for superannuation benefits. The objective of this plan is to give employers a cost-efficient method of managing the superannuation scheme.

    • Easy claim settlement process
    • Get assured benefits
    • There is a range of investment options
    • Retirement corpus for individual members
    • Option to get a single policy account or individual member accounts
    • Depending on the number of years to retirement, the fund allocation is based on life stages
    • At least 10 members are required to take this plan
      Plan Name   Entry Age   Maximum Vesting Age   Premium
    HDFC Life Group Unit-Linked Pension Plan 18 years to 74 years 75 years Rs.5 lakh

    HDFC Life Group Variable Employee Benefit Plan:

    This group insurance plan is a non-participating variable one through which a company or trustee becomes the policyholder. All employees become members of the scheme. This plan is a cost-effective way to build up a retirement corpus fund for employees to meet their future needs.

    • For the entire term of the policy, a guaranteed minimum return of 1% p.a. is provided.
    • At the beginning of every quarter, additional interest rate will be declared.
    • As per the applicable tax laws, tax benefits can be availed by employers and employees.
    • In case of superannuation schemes, there is an option of individual member level accounts.
    • The product can be tailored to achieve different objectives of leave encashment, gratuity, superannuation and other benefits for employees.
    • At least 10 members are required to take this plan.
      Plan Name   Entry Age   Maturity Age   Premium
    HDFC Life Group Variable Employee Benefit Plan 16 years to 75 years Not specified Rs.5 lakh per policy

    HDFC Life New Group Unit-Linked Plan:

    The HDFC Life New Group Unit-Linked Plan gives employers an easy way to build and manage a corpus that will take care of employees’ future needs. The plan helps maximise investment returns through cost-effective solutions.

    • Choose from 6 different debt and equity-oriented funds
    • Flexible options for premium payments
    • Switch over between funds to have better control over your investment
    • Get an in-built insurance cover of Rs.1,000
    • For large funds, additional units will be added to the scheme as a form of a discount
    • As per the applicable tax laws, tax benefits can be availed by employers and employees
    • At least 10 members are required to take this plan
    • Benefits are payable upon leaving the scheme, death of the insured, or surrender of the policy

    Fund Options

    The six funds that are available are:

    • Liquid Fund II - Low capital risk with stable returns.
    • Secure Managed Fund II - Higher potential returns with more stability of capital.
    • Defensive Managed Fund II - Risk is kept down with significant bond exposure. Get better access to long-term returns from equities.
    • Balanced Managed Fund II - Stability through bond exposure and increased equity exposure. Get better long-term returns.
    • Equity Managed Fund II - Stability and diversification through small bond holdings. Greater long-term returns from more exposure to equities.
    • Growth Fund II - Maximise your investments through 100% investment in good quality Indian equities.
      Plan Name   Entry Age   Maturity Age   Premium
    HDFC Life New Group Unit-Linked Plan As specified by the trust deeds and rules Not specified Rs.5 lakh per policy

    Why should you buy a Group Retirement Plan from HDFC Life?

    Group plans have become an essential part of organisations as the benefits are numerous to employers and employees. Managing a large number of employees and securing financial protection for them is not an easy task. These plans help lighten the load and make it a smooth process without much of the hassle or the expense. Founded in 2000, the insurer is headquartered in Mumbai and runs its operations through 398 branches across the country. With an established presence in over 980 cities and towns, customers have easy access to the insurer and its products.

    *The customer reviews/feedback/opinions expressed on this website are solely of their authors and do not reflect, in any way, the view of BankBazaar Insurance.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    HDFC Life Group Retirement Plans Reviews

    • HDFC Life Life Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the life insurance policy with the HDFC LIFE where i have a good experience along with that the documentation process is simple and good. the maturity period is for 12 years where the premium i pay for 8 years which gives the family coverage.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jan 22, 2019
    • HDFC Life Life Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am holding the life insurance policy with the HDFC LIFE since from last four years and it is the term plan and it is for long term policy which gives the policy coverage for self. The policy premium i pay on yearly once with this insurance policy.
      Was this review helpful? 0
      , new panvel
      Reviewed on Jan 19, 2019
    • HDFC Life Life Insurance
      "GOOD POLICY"
      0.5 3.0/5 "Satisfactory"
      The reason for taking the life insurance policy with the HDFC LIFE is because i am an existing customer of this HDFC. The customer service is very good and they are responsive. The maturity period of this policy is for 25 years as i pay the premium for yearly once.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jan 17, 2019
    • HDFC Life Life Insurance
      "BETTER"
      0.5 5.0/5 "Blown Away!"
      I have been using the life insurance policy with the HDFC LIFE where the documentation process is simple and easy with this policy added on that the maturity period of this policy is for long term policy which gives the policy coverage for complete family.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 16, 2019
    • HDFC Life Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I have purchased the life insurance policy with the HDFC LIFE where i have purchased it since from last 5 years. The premium for this policy i pay on 6 months once basis where it gives the policy coverage for my complete family. I am satisfied with this life insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 16, 2019
    • HDFC Life Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      LIFE ASSURANCE is the policy name where i have been using t from last 7-8 years where i have taken it from the HDFC LIFE. The maturity period of this policy is for 15 years where it is good and i am satisfied with this policy. the premium i pay on yearly once with this policy.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jan 12, 2019
    • HDFC Life Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      PRO GROWTH PLUS id the name of the policy where i am using it from the HDFC LIFE where i am using it since from last many years but the maturity period of this policy is for 15 years. the premium i pay for yearly once for this insurance policy.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jan 12, 2019
    • HDFC Life Life Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have been using the life insurance policy with the HDFC LIFE since from last 2 years as the where it is the term insurance policy. The premium is nominal with this policy where i pay for monthly once. It is the good policy to use as well as it is satisfactory.
      Was this review helpful? 0
      , bhilwara
      Reviewed on Jan 12, 2019
    • HDFC Life Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I am holding the life insurance policy with the HDFC LIFE since from last one year where the premium i pay for once with this policy at the time of purchasing this policy. the policy coverage is for self with this policy. The process of getting this policy is good.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jan 12, 2019
    • HDFC Life Life Insurance
      "GOOD"
      0.5 3.5/5 "Pretty good"
      They have taken the life insurance policy with the HDFC LIFE because of the best features when compared to the others. The premium is nominal than others comparatively with this policy. The maturity period of this policy is for 28 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 09, 2019
    • HDFC Life Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      It is a term plan where i have purchased it from the HDFC LIFE and i am using it since from last one year where the premium i pay monthly basis through the online. It is a good policy to access and also they are giving the sufficient sum assured value.
      Was this review helpful? 0
      , indore
      Reviewed on Jan 05, 2019
    • HDFC Life Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      The life insurance policy i have purchased it from the HDFC LIFE and using it from past 6 moths as the premium i pay it for monthly once. The maturity period if this policy is for long term which covers for the complete family. The documentation process is simple.
      Was this review helpful? 0
      , fatehabad
      Reviewed on Jan 03, 2019
    • HDFC Life Life Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The life insurance policy from the HDFC LIFE i have purchased it and i am using it since from past 7-8 years the documentation process is very good with this and it was simple. The policy coverage is for self also the premium i paid is for 50k approximately.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 03, 2019
    • HDFC Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a term insurance from HDFC Life since I got a good feedback from my friends. Actually I have submitted the documents for auto debit premium which was not happening. Am paying the premium manually every month through online. The benefits are good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 03, 2019
    • HDFC Life Life Insurance
      "Average"
      0.5 4.0/5 "Great!"
      The customer service is good. The claim settlement ratio is high and the premium is low so have taken the term insurance from HDFC LIFE through online portal. The sum assured value is 50L. I have received the insurance paper. I have paid 10K for a year to purchase the policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 29, 2018
    • HDFC Life Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Basically I wanted the whole amount which I have submitted and I got the same option from HDFC Life through online portal. The customer service is good and there is no issues so far. The sum assured value is 1cr. I have paid premium of 20k per year through online. It will be auto debited of every month on 20th, this option was offered by Yes Bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 29, 2018
    • HDFC Life Life Insurance
      "Better"
      0.5 5.0/5 "Blown Away!"
      The benefits are good and I have taken the term policy before 2 or 3 months. The Final copy not arrived and paid 12K for a year through ECS. The customer service and response was good. I have compared 4 to 5 companies, claim settlement ratio was good with HDFC LIFE. The sum assured value is 1cr and need to pay age of 65 years.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 29, 2018
    • HDFC Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I do have a life insurance with HDFC Life. Till date I have submitted the premium on time and don't have much experience. The customer service is good and the represntative contact me regarding the policy. The benefits are moreover same like LIC. I make the premium through online.
      Was this review helpful? 0
      , bareilly
      Reviewed on Dec 19, 2018
    • HDFC Life Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I have taken term insurance through online portal before one month. It has the cheapest premium compared to the others. I need to pay till the age of 70. I have paid 16,500 rupees for a year. The customer service is good. They have explained me about the policy which am satisfied. The payment mode is online. I got the insurance paper.
      Was this review helpful? 0
      , delhi
      Reviewed on Dec 17, 2018
    • HDFC Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a term insurance with HDFC Life and previously I had other plans with them since the benefits are good and the settlement rate is also okay. They did not contacted me to inform about the policy. I did not get the hard copy and have paid 9,300 rupees per annum. The sum assured value is around 50L.
      Was this review helpful? 0
      , hoshangabad
      Reviewed on Dec 15, 2018
    Common Loader Icon