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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.
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:
There are four group plans offered by HDFC Life that caters to retirement wants and needs of employers and employees.
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:
Plan Name | Entry Age | Maturity Age | Premium |
HDFC Life Group Pension Plan | 16 years to 75 years | Not specified | Rs.1 lakh per policy |
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.
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 |
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.
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 |
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.
Fund Options
The six funds that are available are:
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 |
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.
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