HDFC Unit Linked Pension II

Published: 18th August 2009
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Everyone is busy in climbing the ladder of success and when time with you, just take a moment and think, If you want to live life on your own terms even after you retire, then HDFC Unit Linked Pension II plan, is here to design and provide a post-retirement income for life with the freedom to choose your retirement date. You can maximize your savings by choosing systematically researched and selected investments which can provides you an outstanding investment. This pension plan also gives Bumper Addition to the fund value at vesting


1). Asset Allocation Option-You can choose your own investment plan from the 7 funds choices given in Asset Allocation Option under the category of 3AAO variants (Cautious, Moderate, Aggressive).

2).Choose Retirement Date -You can make a perfect plan for your retirement years because you can choose your retirement date.

3).Term Limits - You can avail this plan for minimum 10years and Maximum 40 years.

4).Bumper Addition- Bumper Addition to the fund value of 50% of original annualizes premium at vesting and on death.

5).Age Limits -The minimum entry age is 18 years and maximum age is 65 years. At retirement, the min age limit is 50 years and max age limit is 75 years.

6).Choice of Funds-you can choose any fund out of these 7:

1. Liquid Fund II

2. Stable Managed Fund II

3. Secure Managed Fund II

4. Defensive Managed Fund II

5. Balanced Managed Fund II

6. Equity Managed Fund II

7. Growth Fund II


This plan provides you a post retirement income for life - it means you can choose your premium, the Sum Assured and your retirement date. At the end of the policy term, you will receive the accumulated value of your funds, which you can use at the time of golden years.

This plan gives you Bumper Addition to the fund value on Vesting. Your fund value will be increased by addition of Bumper Addition to the extent of 50% of your original annualized premium chosen at beginning

On your chosen retirement (Vesting) date, you will get the value of the units in your policy. As per prevailing Government regulations;

You can take up to 1/3rd of the total benefit at Vesting (fund value + Bumper Addition) as a tax-free cash lump sum and the rest must be converted to annuity which you can buy from us or any other insurer.

In the long term, the key to building great maturity values is a low Fund Management Charge (FMC). We have a low FMC of only 1.25% per annum (of the fund's value)

If you have not opted for AAO (Asset Allocation Option), you can change your investment fund choices in two ways:

Switching: You can move your accumulated funds from one fund to another anytime

Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need

You can choose to pay your premium as either Monthly, Half yearly or annually. You also have a range of convenient auto premium payment options

Tax benefits under sections 80CCC of the Income Tax Act, 1961 subject to the provisions contained therein.

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