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HDFC Life Group Unit Linked Pension Plan
The HDFC Life Group Unit Linked Pension Plan is a retirement solution designed for organizations to provide pension benefits to their employees. It combines investment growth with retirement savings and allows employees the flexibility to build a secure financial future.
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Peaceful Post-Retirement Life
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Tax Free Regular Income
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Wealth Generation to beat Inflation
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15.8 Crore
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Inbuilt Life Cover
Start Investing ₹10k/Month & Build a corpus of ₹1 Crore# on Retirement
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What is HDFC Life Group Unit Linked Pension Plan?
The HDFC Life Group Unit Linked Pension Plan is a flexible and affordable solution for managing employee retirement planning. This group savings insurance plan combines investment options with life cover. It helps organizations provide for their employees' retirement while offering the chance to earn market-linked returns. With features like guaranteed benefits and a variety of investment options, it helps build a strong employee benefit fund efficiently.
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Calculated as per past performance of 15%
Features of HDFC Life Group Unit Linked Pension Plan
The key features of the HDFC Life Group Unit Linked Pension Plan are as follows:
- An employee superannuation benefit fund can be built effectively to secure retirement benefits.
- The policy can be established either with a single policy account or with individual member-level accounts.
- The Return Protector option provides a minimum guaranteed return along with the potential for upside growth.
- Fund allocation is based on life stages, adjusting according to the number of years left until retirement.
Eligibility Criteria for HDFC Life Group Unit Linked Pension Plan
| Parameters | Details |
| Entry Age | 18 - 75 years |
| Vesting Age | 45 - 75 years |
| Minimum Group Size | 10 members |
| Policy Term (PT) | 10 years; 15 - 35 years |
| Premium Payment Term (PPT) | Single Pay; 8/ 10/ 15 Pay |
| Premium Payment Frequency | Annual/ Half-yearly/ Quarterly/ Monthly |
Investment Options under HDFC Life Group Unit Linked Pension Plan
You can select any one of the following options investment options under this Unit Linked Pension Plan:
- Secure Option: 100% of contributions are allocated to Liquid Fund II for stable returns.
- Return Protector Option 1: With this option, the contributions are allocated to Liquid Fund II. The returns above the assured benefit are switched monthly to Secure Managed Fund II.
- Return Protector Option 2: This investment option allocates the contributions to Liquid Fund II. The returns above the assured benefit are switched monthly to Balanced Managed Fund II.
- Life Stage Allocation Option: This investment option is for policies with individual member accounts (e.g., Defined Contribution Schemes).
- Fund allocation depends on the member’s remaining time to vest.
- New contributions align with the existing fund allocation.
- Members can override this option by investing in:
- Liquid Fund II, or
- Secure Managed Fund II (if vesting is ≥ 2 years).
Invest More Get More
Invest ₹10K/Month YOU GET ₹1.5 LAKHS* MONTHLY PENSION
Invest ₹7K/Month YOU GET ₹1 LAKHS* MONTHLY PENSION
Invest ₹5K/Month YOU GET ₹75 THOUSAND* MONTHLY PENSION
standard T&C Apply *
Benefits of HDFC Life Group Unit Linked Pension Plan
The HDFC Life Group Unit Linked Pension Plan offers the following key benefits:Â
| Event/Scheme | Defined Benefit Schemes | Defined Contribution Schemes |
| Death of a Scheme Member | Benefit as per employer's scheme rules, up to a maximum of Fund Value or Assured Benefits. | Higher of: • Fund Value • Assured Benefit. On payment, all member benefits cease. |
| Maturity/Vesting | Benefit as per employer's scheme rules, up to a maximum of Fund Value or Assured Benefits. | Higher of: • Fund Value • Assured Benefit. On payment, all member benefits cease. |
| Exit (termination, resignation, early retirement, or other reasons) | Benefit as per employer's scheme rules, up to a maximum of Fund Value. | Fund Value. On payment, all member benefits cease. |
Policy Details of HDFC Life Group Unit Linked Pension Plan
- Assured Benefit: This benefit provides guaranteed 0.5% p.a. return on the fund value at the start of the year, adjusted for cash flows like deposits or withdrawals during the year.
- Surrender Options: Allows full surrender with applicable charges or partial surrender based on available fund units.
- Large Fund Discount: Additional units are allocated for schemes with large fund sizes.
- Free-Look Period: Return the policy within 30 days if unsatisfied, with a refund after deducting applicable charges. Once cancelled, the policy cannot be reinstated.
- Annuitization of Benefits: Members or nominees can use benefits to purchase an annuity, withdraw the amount, or transfer the fund value, depending on the event (death, vesting, or exit). For schemes without member-level accounts, payouts are handled as per scheme rules.
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| SBI Life Balanced Fund | ₹72.93 | ₹20074 Cr | 6.25% | 8.7% | |
| SBI Life Bond Fund | ₹51.68 | ₹15833 Cr | 5.4% | 6.24% | |
| SBI Life Equity Fund | ₹195.69 | ₹81626 Cr | 7.6% | 10.53% | |
| SBI Life Equity Optimiser Fund | ₹54.68 | ₹2606 Cr | 8.05% | 10.28% | |
| SBI Life Growth Fund | ₹94.14 | ₹2868 Cr | 7.02% | 9.96% | |
| SBI Life Money Market Fund | ₹37.67 | ₹489 Cr | 6.02% | 5.9% | |
| SBI Life Top 300 Fund | ₹55.76 | ₹1977 Cr | 7.05% | 10.8% | |
| SBI Life Pure Fund | ₹28.33 | ₹1226 Cr | 7.3% | 9.89% | |
| SBI Life Bond Optimiser Fund | ₹22.81 | ₹3237 Cr | 6.54% | - | |
| SBI Life Bluechip Fund | ₹9.89 | ₹3588 Cr | - | - | |
| SBI Life Balanced Pension | ₹73.35 | ₹857 Cr | 6.7% | 9.57% | |
| SBI Life Bond Pension | ₹45.91 | ₹551 Cr | 5.33% | 6.49% | |
| SBI Life Equity Pension | ₹75.17 | ₹13320 Cr | 8.26% | 11.26% | |
| SBI Life Growth Pension | ₹74.35 | ₹680 Cr | 7.76% | 10.54% | |
| SBI Life Money Market Pension | ₹34.82 | ₹158 Cr | 5.97% | 5.88% | |
| SBI Life Equity Optimiser Pension | ₹59.18 | ₹1063 Cr | 8.31% | 11.16% | |
| SBI Life Top 300 Pension | ₹55.2 | ₹758 Cr | 7.38% | 11.09% | |
| SBI Life Midcap Fund | ₹52.01 | ₹64561 Cr | 15.42% | 16.17% | |
| SBI Life Corporate Bond Fund | ₹16.79 | ₹1028 Cr | 5.3% | - | |
| SBI Life Equity Elite II | ₹51.35 | ₹11905 Cr | 7.13% | 9.92% | |
| SBI Life Index | ₹45.89 | ₹90 Cr | 6.94% | 10.23% | |
| SBI Life Index Pension | ₹47.93 | ₹24 Cr | 7% | 10.29% | |
| SBI Life Discontinued Policy Fund | ₹26.03 | ₹10739 Cr | 5.65% | 5.89% | |
| SBI Life Equity Elite | ₹86.39 | ₹12 Cr | 9.32% | 12.64% | |
| SBI Life P-E Managed | ₹38.9 | ₹198 Cr | 7.61% | 8.85% | |
| SBI Life Guaranteed Pension GPF070211 | ₹27.13 | ₹1 Cr | 5.12% | 5.88% | |
| SBI Life Bond Pension II | ₹23.93 | ₹28523 Cr | 5.14% | 5.85% | |
| SBI Life Equity Pension II | ₹41.09 | ₹11525 Cr | 6.99% | 10.52% | |
| SBI Life Money Market Pension II | ₹21.24 | ₹1499 Cr | 5.73% | 5.62% | |
| SBI Life Discontinue Pension Fund | ₹21.98 | ₹6316 Cr | 5.68% | - | |
| SBI Life Group Growth Plus Fund | ₹57.66 | ₹3 Cr | 6.81% | - | |
| SBI Life Group Debt Plus Fund | ₹41.19 | ₹115 Cr | 5.97% | - | |
| SBI Life Group Balance Plus Fund | ₹48.98 | ₹11 Cr | 6.4% | - | |
| SBI Life Group Balance Plus Fund II | ₹27.33 | ₹1218 Cr | 6.76% | - | |
| SBI Life Group Debt Plus Fund II | ₹26.79 | ₹337 Cr | 6.06% | - | |
| SBI Life Group Growth Plus Fund II | ₹27.15 | ₹295 Cr | 7.21% | - | |
| SBI Life Group Short Term Plus Fund II | ₹22.13 | ₹19 Cr | 6.1% | - | |
| SBI Life Group Money Market Plus Fund | ₹14.15 | ₹2 Cr | 3.31% | - | |
| SBI Life Group Balanced Pension Fund | ₹10.29 | ₹154 Cr | - | - |
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How the Plan Works?
The HDFC Life Group Unit Linked Pension Plan is designed to help organizations manage retirement benefits for their employees. Following are the steps to learn the workings of this investment plan:
Step 1: The employer or group administrator signs up for the plan to manage retirement funds for employees or group members.
Step 2: Contributions can be made by the employer, employees, or both. The master policy is renewable annually, allowing for ongoing participation.
Step 3: Contributions are invested in unit-linked funds. The policyholder can choose from a range of fund options based on risk and return preferences.
Step 4: Participants can choose from various investment options which allow policyholders to tailor their investments according to risk tolerance and financial goals:
- Secure Option
- Return Protector Option
Step 5: Premiums paid are allocated towards life insurance coverage and invested in selected funds.Â
Step 6: The plan guarantees a minimum return of 0.5% per annum on the fund value at the start of each year, adjusted for any withdrawals made during the year. This ensures that participants receive some level of guaranteed growth on their investments.
Step 7: Participants may have the flexibility to make partial withdrawals from their accumulated funds, typically without incurring additional charges.
Step 8: Investors can enjoy tax advantages on premium payments and maturity benefits, adding to the overall attractiveness of the plan.
Suicide Exclusion Criteria
The HDFC Life Group Unit Linked Pension Plan does not apply a suicide exclusion clause. In case of death due to suicide within one year from the coverage start date or entry date, the full death benefit will be paid to the nominee.
FAQs
-
What is the HDFC Life Group Unit Linked Pension Plan?
The HDFC Life Group Unit Linked Pension Plan is a retirement savings plan that helps organizations manage superannuation benefits for employees while providing investment options. -
Who can enroll in this plan?
New members can join the plan at any defined date according to the rules set by the policyholder, typically when they start employment. -
What are the investment options available?
Participants can choose from various investment options, including the Secure Option and the Return Protector Option, depending on their risk appetite. -
How does the assured benefit work?
The plan guarantees a minimum return of 0.5% per annum on the fund value at the beginning of each year, adjusted for any withdrawals made during that year. -
Can I make withdrawals from my investment?
Yes, participants can make partial withdrawals from their accumulated funds, subject to certain conditions and after a lock-in period of five years.
Insurers Offering Pension Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
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How much do you need to save for retirement?
For a monthly pension of ₹77,300
you need to invest
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you need to invest
₹14,300/month
Calculated as per past performance of 15%
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.