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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
      "Good features"
      0.5 4.0/5 "Great!"
      HDFC Life also has good benefits and a good policy coverage for the life insurance. I have taken a iconnect plan. The tenure of the policy is until the age of 65 to 70 years. If anything uncertain happens to the policy holder, the sum assured is given to the nominee.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 11, 2018
    • HDFC Life Life Insurance
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Recently I took term policy from HDFC Life, in the particular policy, there was one option, I can increase the coverage value upto 10% every year, however premium also will be increasing. But in other insurance company if I go for Rs.1 crore policy after 20 years it will be the same. Hence I found benefits are good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 30, 2018
    • HDFC Life Life Insurance
      "Need scope of improvement"
      0.5 4.0/5 "Great!"
      From HDFC Life no body have contacted me to activate my ecs payment, every time I used to HDFC portal to make my payment it was very inconvenient. They need to work on the service part, remaining all good even cost of the policy is also economical with better cover.
      Was this review helpful? 0
      , noida
      Reviewed on Oct 30, 2018
    • HDFC Life Life Insurance
      "Good among all the private companies"
      0.5 4.0/5 "Great!"
      The reason behind for choosing the HDFC LIFe is more claim ratio compared to other companies. They are offering a better premium amount. I have chosen the coverage amount of Rs. 50L. I'm doing the payment on monthly mode and for annually its around Rs. 5500 as total premium amount. I have selected the 35 years as tenure period. This is covered for accidental benefits and critical illness benefits.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Oct 24, 2018
    • HDFC Life Life Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I bought a life insurance policy with HDFC Life and i have chosen the plan name called Sampoor Nivesh. I used to pay the premium amount of Rs. 6000 per month and i have no idea about the sum assured amount. I have taken the policy in 2017 January month. Its a 15 years tenure period policy. Through online i have purchased this policy. They have are providing accidental coverage and life coverage.
      Was this review helpful? 0
      , rewari
      Reviewed on Oct 24, 2018
    • HDFC Life Life Insurance
      "Good Service provider"
      0.5 5.0/5 "Blown Away!"
      I am an existing customer of HDFC, they are providing very good service in terms of saving account, online service, customer service etc. Hence I have availed HDFC LIFE term policy, they are providing additional benefits for critical illness and disability cover.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 23, 2018
    • HDFC Life Life Insurance
      "Needs lots of improvement"
      0.5 1.0/5 "Really Bad"
      HDFC is ranking good based on the claim settled ratio, I am paying the premium around Rs. 1480. I have selected the coverage value of Rs. 75 lakhs. But I am not told about the benefits, also they were not guided me throughout the process. Everytime I tried to update the details it was not upto the mark.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 22, 2018
    • HDFC Life Life Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      For my tax benefit i have gone through HDFC life. There is a supporting manager for my account they used to provide a different kind offers at a different times. Because of the best service i have taken the life insurance with HDFC LIFE. They are giving so many payment options like monthly, yearly and quarterly however i have chosen the annual payment mode.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2018
    • HDFC Life Life Insurance
      "Excellent policy for the future"
      0.5 5.0/5 "Blown Away!"
      My money back life insurance policy was taken with HDFC LIFE. I have bought the money back policy 1.5 years ago. I pay the premium amount of Rs. 4198 approximately . I have chosen the monthly payment mode and they used to deduct directly from my account. This is a 25 lakhs sum assured policy.
      Was this review helpful? 0
      , delhi
      Reviewed on Oct 17, 2018
    • HDFC Life Life Insurance
      "Should explain the benefits."
      0.5 4.0/5 "Great!"
      I had a life insurance with HDFC Ergo, while selling the product they won't explain the features. HDFC doesn't have separate agent only bank staff used to sell the polices. However my life insurance policy cover is good for the amount of Rs.35 lakhs with the yearly premium of around Rs. 2.60 lakhs.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2018
    • HDFC Life Life Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I just want to add the accidental benefits along with the policy hence i have selected this policy. They have a very good claim ratio. Almost 9 months ago, i have purchased this policy. I have chosen the yearly payment mode and I'm paying through online by using the debit card. I will get a coverage amount of Rs. 35 lakhs.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 04, 2018
    • HDFC Life Life Insurance
      "Good protection for family"
      0.5 5.0/5 "Blown Away!"
      I have term insurance with HDFC Life, I used to pay quarterly payment around Rs. 3500 till the age of 65 age. It has accidental coverage , death coverage for the cover of Rs.1 crore. The plan option is good, the insurance company gave me log id to view all the insurance policies in one page.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 01, 2018
    • HDFC Life Life Insurance
      "Good for future"
      0.5 5.0/5 "Blown Away!"
      HDFC have hassle free process, now I can make life insurance premium through online. The executive shared complete information about the policy benefits. I have three policies with the coverage value of Rs. 2 lakhs, 5 lakhs and 10 lakhs. I used to pay Rs. 1 lakh per annum all policies has the tenure period of 15 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 01, 2018
    • 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
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