HDFC Life Click 2 Retire Plan

HDFC Life Click 2 Retire is a unit-linked pension plan specifically designed for retirement planning. It offers an assured vesting benefit for a guaranteed retirement amount. With no premium allocation charges, more money goes towards investment growth. It’s one of the top pension plans and helps you set your retirement goals for a secure future.

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What is HDFC Life Click 2 Retire Plan?

HDFC Life Click 2 Retire is a unit-linked pension plan that can help you secure your financial future after retirement. It's designed to encourage early planning by offering features that make it easier to build your retirement corpus. One of the key benefits is the Assured Vesting Benefit, which ensures a minimum amount is available at retirement. Additionally, there are no premium allocation charges, so more of your money goes towards growing your investment.

You can choose a payment schedule that fits your needs, with options for a single premium payment or spreading the payments out over 8, 10, or 15 years. The policy term itself can range from 10 to 35 years (excluding terms between 11 and 14 years). As offered by most of the HDFC Pension Plans, flexibility allows you to tailor the plan to your specific retirement goals and desired post-retirement income. By planning ahead with HDFC Life Click 2 Retire, you can ensure a comfortable and financially secure retirement.

Features of HDFC Life Click 2 Retire

The features of HDFC Click 2 Retire are:

  • Zero Charges: Unlike many other ULIPs, Click 2 Retire doesn't levy entry charges, policy administration charges, or exit charges. This means more of your money goes towards investment and grows your retirement savings.

  • Flexible Investment: You can start your retirement planning with an investment as low as ₹2,000 per month. This makes it accessible to a wider range of income groups.

  • Early Maturity: The plan offers a maturity age starting as early as 45 years. This provides flexibility to access your retirement corpus sooner if needed.

  • Dual Benefit: Click 2 Retire offers a combination of security and market upside. The assured vesting benefit guarantees a minimum amount at maturity, while you can also potentially earn higher returns through market investments.

  • Death Benefit: In case of your unfortunate demise, your nominee will receive a death benefit. This benefit is the higher of the fund value of your policy at the time of death or 105% of the total premiums paid till then. This benefit provides financial security for your loved ones.

Eligibility Criteria for HDFC Life Click 2 Retire Plan

Eligibility Criteria Minimum Maximum
Entry Age 18 years 65 years
Vesting Age 45 years 75 years
Premium Payment Terms 8 Pay Policy Term: 10, 15 to 35 years
Premium Payment Term 10 Pay
Premium Payment Term Single Pay
Premium Payment Term 15 Pay Policy Term: 15 to 35 years

Premium/Payment Frequency Regular & Limited Options Single Pay Options
Minimum Premium
Annual ₹ 24000 NA
Half Yearly ₹ 12000 NA
Quarterly ₹ 6000 NA
Monthly ₹ 2000 NA
Single Pay NA ₹ 50000
Maximum Premium No Limit

Benefits of the HDFC Life Click 2 Retire

  1. Vesting Benefit

    • Upon reaching the policy term, you'll receive a Vesting Benefit, which is the higher of the accumulated Fund Value (based on market performance) or a guaranteed Assured Vesting Benefit.

    • The Assured Vesting Benefit is calculated as [101% + 1% * (Policy Term - Premium Paying Term)] * Total Premiums Paid. This ensures a minimum payout even if the market underperforms.

    • Regulations determine how this benefit is paid. You can find details on utilizing the proceeds in the "Utilization of Policy Proceeds" section of your policy documents.

  2. Defer Your Retirement, Maintain Your Options (For Policyholders Under 60)

    • Need to postpone your retirement? HDFC Click 2 Retire offers flexibility. You can inform the insurer of a delayed vesting date (retirement) anytime before annuitization.

    • You can postpone the vesting date multiple times as long as the new date falls within the allowed range (up to 75 years old).

    • During this deferment period, the Assured Vesting Benefit and Death Benefit remain active, providing security for you and your loved ones.

    • The accumulated funds will be transferred to the Pension Conservative Fund, with all applicable charges still deducted.

  3. Death Benefit

    • In case of your unfortunate demise during the policy term, your nominee will receive a Death Benefit, which is the higher of the Fund Value or 105% of the total premiums paid till date.

    • Your nominee has the option to receive this benefit as an annuity from HDFC Life or withdraw the entire amount as a lump sum.

    • Upon payment of this benefit, the policy terminates, and no further benefits are payable.

  4. Flexibility

    • At retirement (vesting), you have several choices for utilizing your accumulated funds:

      • Commute up to 60% and use the remaining amount to purchase an immediate annuity or deferred annuity from HDFC Life to generate regular income.

      • Purchase an annuity (immediate or deferred) with another insurer, using up to 50% of the remaining amount after commutation (as per current regulations).

      • Extend the accumulation period or defer your retirement further within the same policy (if you're below 60 years old).

  5. Options for Beneficiaries in Case of Death During Deferment

    • If the policyholder dies during the deferment period, the nominee or beneficiary has similar choices:

      • Withdraw the entire policy proceeds as a lump sum.

      • Utilize all or a portion of the proceeds to purchase an annuity (immediate or deferred) from HDFC Life.

      • Choose another insurer for the annuity purchase, with a limit of 50% of the remaining amount after commutation (as per current regulations).

Policy Details of the HDFC Life Click 2 Retire

  1. Cancellation in the Free-Look Period:

    If you find any terms or conditions disagreeable, you have the option to return the policy within 30 days, except when purchased using the vesting proceeds of an accumulation pension product. Upon receipt of your letter and original policy documents, we'll refund the allocated units' value plus cancellation charges, deducting risk premiums, medical exam expenses (if any), and stamp duty.

  2. Discontinuance of Policy during the Lock-in Period:

    For non-single premium policies, if you miss paying premiums after the grace period, the fund value minus discontinuance charges will go to the discontinued policy fund, ending risk and rider cover. A grace period of 30 days (for yearly, half-yearly, and quarterly frequencies) or 15 days (monthly frequency) is provided, maintaining in-force status with risk cover. You can revive such policies within three years, after which the proceeds go to you or remain invested based on your choice.

    For single premium policies, surrendering during the lock-in period is allowed with applicable charges deducted, and the fund remains invested. The minimum guaranteed interest rate on the 'Discontinued Policy Fund' is 4% p.a., with proceeds refunded after the lock-in period.

  3. Discontinuance of Policy after the Lock-in Period:

    For non-single premium policies, after the grace period, if you don't pay premiums, the policy becomes reduced paid-up with adjusted benefits. You have revival, withdrawal, or surrender options. For single premium policies, surrendering is allowed anytime, with proceeds paid accordingly.

  4. Utilization of Policy Proceeds for Discontinuance/Surrender:

    Upon surrender, you can use up to 60% for annuity purchase with us or another insurer. The remaining can be used for annuity purchase with another insurer, subject to regulations.

Exclusions Under the HDFC Life Click 2 Retire Plan

If the policyholder dies by suicide within 12 months from the policy's start date or revival date, the nominee or beneficiary will receive the fund value as of the date the death is reported.


  • What fees are associated with this pension plan?

    This pension scheme only includes the Fund Management Charge and the Investment Guarantee Charge.
  • What policy durations and premium payment options does this pension plan offer?

    You have the choice of a Policy Term ranging from 10 years to anywhere between 15 and 35 years. Here are the available term options within the plan:
    Premium Payment Term ( years) Policy Term (years)
    Single Pay 10, 15 to 35
    8 Pay 10, 15 to 35
    10 Pay 10, 15 to 35
    15 Pay 15 to 35
  • Can I purchase annuities from another insurer?

    Yes, you can purchase annuities from another insurer, but only up to 50% of the total proceeds after commutation, as stipulated by the authority.
  • Can I extend the accumulation period or deferment period?

    Yes, if you're below 60 years old at vesting, you can extend these periods within the same policy under the same terms and conditions.

*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
*Tax benefit is subject to changes in tax laws
^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.
~Source - Google Review Rating available on:-

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HDFC Life Click 2 Retire Plan Reviews & Ratings

4.3 / 5 (Based on 25 Reviews)
(Showing Newest 10 reviews)
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.
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.
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.
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.
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.
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.
Kanpur, April 15, 2016
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.
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.
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.
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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