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HDFC Life Personal Pension Plus Plan

What is the Plan all About?

HDFC Personal Pension plus is a traditional participating pension plan for those who want to plan their retirement in the best possible way. The plan offers safe and steady returns to enjoy the post retirement phase in the best possible manner.


What are the Key Features?

  • Flexibility to choose the investment term 
  • Assured benefit equal to 101% of all regular premiums paid on death or at vesting
  • Plan can be taken only on a single life basis
  • The flexibility to choose the premium payment frequency
  • EMI available for HDFC Bank Credit Card holders.
  • Get a tax exemption under prevailing tax laws

What are the Plan Benefits?

Death Benefit

    On the death of the life assured, the nominee will receive the death benefit which is the Assured Death Benefit of 101% of all regular premiums paid to date. Additionally, accrued bonuses will also be payable. The minimum level of death benefit at all times will be 105% of the premiums paid. The  nominee has an option to use the death benefit, fully or partly, for purchasing an immediate annuity or can withdraw the entire death benefit as a lump sum.

Vesting Benefits

    On survival till the vesting date and on full payment of premiums due throughout the policy term, the policyholder will get the higher of Sum Assured on vesting plus accrued bonuses  or Assured Benefit of 101% of all regular premiums paid till date.

Commutation Benefit

    Take up to 1/3 of the benefit as tax-free cash lump sum as per the current tax regulations. The residual of the amount must be converted to an annuity. You have to buy the annuity from us as per the prevailing regulation


    Simple Reversionary Bonus is declared every year  and the bonus is guaranteed to be payable on vesting provided all due premiums are paid.Terminal Bonus may be declared from the 5th policy year onwards. Terminal Bonus is not guaranteed and is added to the policy on vesting and enables the company to pay a fair share of the surplus at the end, based on the actual experience over the policy term

Loan Benefit

    No loan can be availed under this policy.

Surrender Value

    The Surrender value is the higher of guaranteed surrender value or special surrender value.Surrender value is payable on payment of all due premiums for at least 3 full policy years.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 18 Years 65 Years
Vesting Age 55 Years 75 Years
Policy Tenure 10 Years 40 Years
Premium Paying Term Same As Policy Term -
Premium Paying Mode Annually, Semi Annually, Quarterly, Monthly -
Annualized Premium Rs 24,000 No Limit
Sum Assured on vesting Rs 2,04,841 No Limit (subject To Underwriting)
Freelook Period 15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days (15 Days For Monthly Mode) -
Plan Type Online -

Is any Rider Available with this Plan?

No rider can be attached under this plan.

Is the Plan, eligible for Tax Benefit?

The premiums paid are eligible for tax benefits under Section 80CCC of the Income Tax Act, 1961. Up to 1/3rd of the benefit can be taken as tax-free commuted value, as prescribed under section 10(10A) of the Income Tax Act, 1961.