HDFC Pension Plan Calculator

HDFC Life Insurance Company is a leading company in catering diverse needs of their customers with a variety of insurance plans, saving plans, pension plans and wealth plans. Life after retirement requires a well-planned financial provision that could secure one’s life against any untoward event and maintain a convenient lifestyle.

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Best Pension Options
  • Get Tax Free Pension For Life

  • Flexibility to withdraw fund value any time

  • Guaranteed Tax Savings

    Under Sec 80 C & 10(10D)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Please note that the quotes shown will be from our partners
Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000
Get the best returns & make the most of your Golden years
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Pension plan is a significant scheme to avail a regular income post retirement by investing a part of one’s income.

With HDFC Pension Plan calculator, you can calculate how much money you need to spend your life comfortably post retirement without any financial crisis.

Need for the Use of Pension Plan Calculator

There could be some inadequacies when someone calculates income plan post retirement  such as-, poor investment returns due to miscalculation and underfunded, even the complexities and cost effectiveness of a pension plan are difficult to manage, complicacy in the estimation of liabilities in a pension plan may cause errors which is why HDFC pension plan brings forth a more strategically designed tool for pension calculation which provides a hassle free and more effective process to their customers.

HDFC life offers numerous options for their customers in regards to their needs, as- HDFC Life Guaranteed pension plan, HDFC pension guaranteed plan, HDFC Life personal pension plus, HDFC Life New Immediate Annuity plan, HDFC Life Assured Pension plan (ULIP).

How to Use HDFC Pension Plan Calculator?

In HDFC Life website, one can fill in a Retirement Pension plan premium calculator online.

  1. Basic details

    The customer has to provide basic information as name, last name, date of birth, contact number, gender. It is also mandatory to provide information on personal habits as- smoking. One has to give consent to be contacted over the personal email, contact number, SMS or any other medium by the company. There is an option for suitability analysis which makes recommendations of various plans based upon the customer’s investment goal, marital status, risk appetite level, age group, and annual income. One can tick the check box to avoid these recommendations but in that case opting for a plan would depend on one’s independent analysis.

  2. Information on investment goal

    In this section one is required to give details on his investment goals as to where one wants to invest money whether on child education, retirement, spouse benefit or future savings. The sections of filling in the premium amount and frequency of payment need to be done after a thorough understanding and deep analysis so as not to fall into any financial miscalculation.

  3. Plan option

    Plan option gives information on Sum assured on the investment amount. The selection of policy term needs to be done with full care, depending upon the years of service left; you should choose Premium Paying term.

  4. Investment Strategy

    Investment Strategy gives you the option to choose either Self-Managed plan where you can decide % of amount allocation to various policies and funds on your own or you can choose Systematic Transfer Plan where you can invest a part in source fund then move it to equity funds.

    In a Self-Managed Plan you can decide the risk level; it could be low to high based upon your risk appetite. Some suggestions will be given upon fund allocation which can be switched any time. 

Advantage of HDFC Pension Plan Calculator

  1. Better Planning Options

    Reading through brochures and coming across innumerable information from various sources may baffle one’s mind but with a pension plan calculator one can fill in required information and find the best suitable option to choose.

  2. Chance to do comparative analysis

    One can do a comparative study about different pension plans online after filling out the premium amount and the Sum assured, the premium amount needs to be chosen with careful consideration of different aspects.  The time duration and frequency of payment can also be taken into account that helps one prepare for the payment of a specific amount in a certain period of time. 

  3. Time saving

    It is often intriguing for people to go deep into the nuances of mathematics and lengthy calculations as it is time consuming but with this tool one can figure out investments and returns within minutes.

  4. Provides financial clarity

    Opting for a pension plan depends upon one’s choice of lifestyle after retirement, how much expense one will bear. It gets one to start thinking whether he should be managing his financial state from now. Keeping this in mind when specific information and amount is put on the calculator, it gives you a clear picture of your financial support after retirement.

  5. Cost-free tool

    HDFC Pension plan calculator is an online and totally free of cost tool. One major advantage is that it is available any time at the customer’s convenience. After all inputs done by the customer, it presents error free and accurate calculations within seconds.

How HDFC Pension Plan Benefit People

  1. Guaranteed income

    Having a suitable pension plan assures a regular income post retirement that means one can avail all necessities without compromising on his cost of living. This is guaranteed money at the time of any unfortunate event and one doesn’t have to give a second thought to spend money. However, the sooner you start investing money, the better amount and tax benefit you get. HDFC Life Guaranteed Pension plan assures limited premium paying term with benefits on death or at vesting and there is option for Return of Purchase price on death.  

  2. Tax benefit

    With considerable tax savings, one can have a significant amount of money to resume the same life after retirement. Under section 80 CCC of Income Tax Act 1961, an annual deduction is made on the total income of up to Rs. 1.5 lakh and with some terms and conditions applied up to one third of retirement savings can be availed as a tax free lump-sum under section 10(10A) of Income Tax Act 1061.

  3. Independent Life

    Pension plans for retirement are a good source of income, even when one has successfully carried out all responsibilities such as child’s wedding, education, payment of home loans etc. Children may offer financial support to parents after retirement but they also have their own commitments to fulfil, therefore being financially independent in old age brings greater comfort and peace in life.

  4. Scarce funds savings

    During the period of employment, one may have to face some inevitable expenses like child’s marriage, education fee or any medical emergency where withdrawing money from a PF account becomes necessary. Also the retirement age is constantly increasing which means there will not be much amount left in PF and gratuity after retirement. In these cases, having a pension plan is a massive relief on a financial side.

  5. Invest small and avail sizeable amount

    People have the option to pay a premium periodically or a lump sum amount at one go. The small investment one does over a period of time turns out to be a substantial corpus; it means one doesn’t have to cut down on his needs and expenses. Investing a small amount wouldn’t make a massive difference in his present lifestyle.

  6. Financial security for the family

    Opting for a beneficial plan and annuity with life cover helps one’s family during difficult times. HDFC Life New Immediate Annuity plan offers higher annuity rates at the investment of Rs 2,50,000. It promises guaranteed income according to policy holder’s choice- monthly, half yearly, quarterly or annually.

FAQ's

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(Based on 25 Reviews)
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HDFC Pension Plan Calculator Reviews & Ratings

4.3 / 5 (Based on 25 Reviews)
(Showing Newest 10 reviews)
Manjeet
Rajgarh, October 10, 2016
HDFC Insurance Plan
Benefits of the hdfc standard life insurance company is well known by everyone. I got pension plan in less investments but after the policy get matured the payback amount big and very much satisfactory. Policy coverage and claims are high. Online policy renewal option is very good option.
Lakshay
Chabhal, August 24, 2016
Nice Insurance Plan
Recently i bought pension plan for my parents from hdfc life insurance company. The insurers are well known from very long time for there services. Premium is less and returns are excellent. Coverage is high and claiming is very easy.
Anuj
Bilaspur, August 22, 2016
Retirement policy
Good retirement insurance policy in just very less investment. The policy coverage is good ~89% and the claims are high which can be easily sanctioned because of fast service provided by the company members.
Surjeet
Deoli, July 20, 2016
Good Coverage
The hdfc pension plan has good policy coverage around 91% and claims are high which can be easily sanctioned due to fast service facilitate by the executives of the company. Updates are mailed to my email address or it can be visit on the website.
Ratiket
Akbarpur, July 20, 2016
Pension Policy
My hdfc pension plan is the best insurance policy which facilitate me maximum benefits in low premiums. The service is fantastic and it gives the option to online renewal of the plan and updates regarding it. Policy coverage is high and claims are simple to sanctioned due to fast response.
Chirag
Howrah, April 15, 2016
Awesome Policy
I have a pension policy plan like every one does. The policy is great with high returns and low premiums. Policy coverage is also nice ~ 94% and service is fast. Really good job guys, you provide best pension plans. Thank you hdfc standard life insuranceI like it.
Tarun
Kanpur, April 15, 2016
Wonderful
I found the best pension plan for old age with hdfc standard life insurance . The plan is for my mom and she like the policy very much. The policy coverage is 91% and return is ~Rs.41 K per month. The service is good and the amount is directly transfer to mom bank account. I so stress free now. Great work.
Omesh
Malegaon, April 15, 2016
Really Good
I got a very fine policy from hdfc standard life insurance. Now, I'm tension free for future because of great pension policy plan. The coverage is good around 91%, service is great and fast too, even the claims are fantastic. Great policy, i like it.
Ishant
Jorhat, April 15, 2016
Future Security
Recently took life insurance with hdfc standard life insurance. Great retirement plans with low premiums and nice policy coverage. The service providers are cooperative and doing there jobs very nicely. Claims easy to get and time period is less. Nice deal, satisfied.
Gautam
Mumbai, April 15, 2016
Fine Policy
I got pension plan from hdfc standard life insurance from last few year. The policy coverage is ~94%. No doubt the service is good. The claiming experience i don't have yet. Good future investment with low premiums. The behaviour of executives and staff members are really very nice. Good work.
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