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  • 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.

    HDFC Life Group Retirement Plans Reviews

    • HDFC Life Life Insurance
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I had been using life insurance of HDFC LIFE because the customer service is satisfactory and comparatively good. I had been using it since last 1 year. The name of the policy that i am holding a PENSION PLAN where it covers for the self and the premium i pay for yearly once.
      Was this review helpful? 0
      , nagpur
      Reviewed on Sep 19, 2018
    • HDFC Life Life Insurance
      "Good Insurance Policy"
      0.5 4.0/5 "Great!"
      I have taken my life insurance with HDFC LIFE. The policy name is called young star. I have purchased this policy in 2014. I used to pay the premium amount of Rs. 1 lakhs. I have no idea about the benefits right now. I used to make the payment through online
      Was this review helpful? 0
      , sultanpur
      Reviewed on Sep 12, 2018
    • HDFC Life Life Insurance
      "Good term insurance policy"
      0.5 4.0/5 "Great!"
      Total tenure period of the term insurance is 20 years. I used to pay the premium amount of Rs. 5000 quarterly. I have taken my term insurance policy as life insurance policy. I have chosen the HDFC LIFE for my term insurance policy. Before i have paid huge amount for my premium amount.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Sep 09, 2018
    • HDFC Life Life Insurance
      "GOOD POLICY"
      0.5 4.0/5 "Great!"
      I have been holding the life insurance from HDFC LIFE since 2014 where they have provided the maturity period of 15 years but i am not aware of the name of the policy. The premium i pay annually through ecs and the sum assured amount i get 2 lakhs also it covers the family.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 04, 2018
    • HDFC Life Life Insurance
      "GOOD POLICY"
      0.5 4.0/5 "Great!"
      I have purchased the TERM POLICY with HDFC LIFE on 2014 and they provided the coverage till my 75 years and also the premium i pay annually once. The policy covers the life also added on that the policy of life insurance and it is very much good to use.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 04, 2018
    • HDFC Life Life Insurance
      "BETTER POLICY"
      0.5 4.0/5 "Great!"
      The reason behind taking the life insurance from HDFC LIFE because it is a new plan from HDFC which has launched before 1 months. The premium i pay 30k for yearly once and the tenuity period they provided for 10 years and after 5 years they give 5 lakhs added on that they provide with the life coverage and also the accidental benefits.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 04, 2018
    • HDFC Life Life Insurance
      "Good Money back policy"
      0.5 5.0/5 "Blown Away!"
      I have taken the Life insurance with HDFC LIFE. In 2012, I have bought my life insurance policy. This is 20 years tenure period policy. I'm not much aware of the policy coverage and benefits provided by this policy. This is the money-back policy.
      Was this review helpful? 0
      , kochi
      Reviewed on Sep 03, 2018
    • HDFC Life Life Insurance
      "GOOD POLICY"
      0.5 4.0/5 "Great!"
      I have compared with other policies so i found HDFC LIFE is very good policy. I am unable to pay the premium through debit card where as it is easy to pay. The premium i pay nearly 1k and above on monthly basis. I am not sure about the tenuity period of this policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 03, 2018
    • HDFC Life Life Insurance
      "EXCELLENT"
      0.5 4.0/5 "Great!"
      The reason behind taking the policy from HDFC LIFE is they are providing with good service. The premium i pay 1800k on monthly basis also they provide the maturity period of 20 years. It covers only for the self also the accidental coverage.
      Was this review helpful? 0
      , chidambaram
      Reviewed on Sep 03, 2018
    • HDFC Life Life Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I had an issue with HDFC Life. Initially i was paying a premium amount monthly now i want to change to yearly once. I have sent many emails to them but they have not given any reply for that. I spoke with the customer care but they are saying that it will get convert after an year. I have got a proper response from them. There is no much benefit for me from this policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Sep 02, 2018
    • HDFC Life Life Insurance
      "Good for individual"
      0.5 4.0/5 "Great!"
      I've been using the HDFC Life Insurance policy from January. I'm not satisfied with the services by HDFC because they are providing good insurance anyway its not covered for all the members. I pay a premium of 591 per month, it also covers accidental benefits, critical illness and I make payment through online. So in terms of features and their service it has been a good experience with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 02, 2018
    • HDFC Life Life Insurance
      "Very Good policy"
      0.5 3.0/5 "Satisfactory"
      I have been using Life insurance from Hdfc life for 6 months. It has good benefits with long term of 30 years. They are providing critical medical claim . I make payment on line through on line net banking. Since I'm a existing customer care of HDFC i have chosen the HDFC LIFE for my life insurance Overall am satisfied with my life insurance policy
      Was this review helpful? 0
      , pune
      Reviewed on Sep 02, 2018
    • HDFC Life Life Insurance
      "Fine policy"
      0.5 4.0/5 "Great!"
      March Month, i have purchased my term insurance. I'm not much aware of the other company company thats the reason i have selected HDFC for my insurance. The benefits are not that much good when i compared after the taken the policy. The benefits are quite satisfied. Total tenure of the policy is 40 years. I called customer care service to know about the policy details. I have received the hard copy of the documents.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 02, 2018
    • HDFC Life Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have purchased the life insurance policy with the HDFC LIFE before 2.5 years where i pay premium on yearly basis. The sum assured amount i get 50lakhs but i am not sure about the tenuity period of this life insurance policy and it covers for the self.
      Was this review helpful? 1
      , hosur
      Reviewed on Sep 01, 2018
    • HDFC Life Life Insurance
      "EXCELLENT"
      0.5 4.0/5 "Great!"
      There is no particular reason behind taking the life insurance policy with HDFC LIFE but i want an insurance so i have taken it. It covers the critical illness also the accidental benefits where it covers the self alone. I pay the premium yearly basis through online.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 01, 2018
    • HDFC Life Life Insurance
      "GOOD"
      0.5 3.5/5 "Pretty good"
      I am holding the TREM PLAN policy with the HDFC LIFE since last 7 years where they have provided me with the tenuity period of 20 years also it covers for the self. the premium in this life insurance policy is nominal and i am paying it through online.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 01, 2018
    • HDFC Life Life Insurance
      "Useful policy"
      0.5 4.0/5 "Great!"
      I have purchased the policy 6 months before. I have paid a premium amount of Rs. 568 every month, I have chosen the monthly payment mode. I have got a sum assured amount of Rs. 50 lakhs. I'm not sure about the tenure period. I am satisfied with the term insurance policy
      Was this review helpful? 0
      , vellore
      Reviewed on Aug 31, 2018
    • HDFC Life Life Insurance
      "Average policy"
      0.5 2.0/5 "Expected more"
      I have to pay Rs. 15300 for this policy and the tenure period of the policy is 7 years. I used to pay the premium through net banking. Its a money back policy. I used to a receive a benefits after the tenure period. I have not received a policy documents policy. I have taken the policy 1 year before.
      Was this review helpful? 0
      , cuddalore
      Reviewed on Aug 31, 2018
    • HDFC Life Life Insurance
      "Very nice policy"
      0.5 4.0/5 "Great!"
      I have not received the policy documents still now even though i have purchased the 7 months before. I have received not soft copy too. I have done the medical check up also. I don't remember about the tenure period. I have paid a premium amount of Rs. 550. I will get a sum assured amount of Rs. 50 lakhs.
      Was this review helpful? 0
      , ujjain
      Reviewed on Aug 31, 2018
    • HDFC Life Life Insurance
      "Good policy for securing the life"
      0.5 5.0/5 "Blown Away!"
      Last January, i gave purchased this policy. I'm making the premium of Rs. 730. Total tenure period of period of the policy 40 years. I have chosen the sum assured amount of Rs. 60 lakhs. I'm not satisfied with the sum assured amount. The medical test also completed. I have uploaded my documents through wats app.
      Was this review helpful? 0
      , raipur
      Reviewed on Aug 31, 2018
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