Retirement is one of the most important life events many of us will ever experience. After retirement the income stops but the expenses don't. The savings that we have today may not suffice to meet the various costs that will be incurred post retirement. Hence it becomes imperative for us to plan for retirement early as it helps compound the corpus many times by the time we retire. The plan is ideal for individuals who seek to plan for their retirement to get adequate corpus to fulfill all their post-retirement goals.


  • Assured benefit on death is 101% of all premiums (excluding taxes) paid till date

  • Choose from range of investment horizon of 10 years to 40 years.

  • Start as early as 18 years with maximum policy term of 40 years.

  • Premiums paid are eligible for tax benefit* u/s 80 CCC of the Income Tax Act, 1961. You can take up to 1/3rd of the vesting benefit as tax free corpus as per current tax laws.


  • This participating traditional plan is ideal for those who seek benefit of bonuses.

  • Pay as much you need to. There is no limit on max premium you can invest.

  • Choose from range of investment horizon of 10 years to 40 years.

  • Assured benefit on death is 101% of all premiums (excluding taxes) paid till date. In addition accrued bonuses will also be paid. The minimum level of death benefit at all times will be 105% of the premiums paid.

  • Tax benefit* u/s 80 CCC of the IT Act

A significant part of the policy benefits will not available as a lump sum but would need to be mandatorily taken as annuity.



Reversionary Bonus: A simple Reversionary Bonus as a percentage of sum assured on vesting would be declared at the end of the financial year. Once added to the policy, the bonus is guaranteed to be payable on vesting provided all due premiums are paid.

Interim Bonus: If the vesting benefit is payable before the next planned reversionary bonus declaration, an Interim Bonus may be added. All policies where such claims have occurred do not participate in the next reversionary bonus declaration.

Terminal Bonus: Terminal Bonus may be 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. Since the Terminal Bonus depends on the future experience it is not a guaranteed benefit.

A. Vesting Benefit

On survival till the vesting date and on full payment of premiums due throughout the policy term, you will receive higher of the following

  • Sum Assured on vesting plus accrued bonuses

  • Assured Benefit of 101% of all regular premiums paid till date

  • Regulation mandates how this Vesting Benefit will be payable to you.

Please refer to 'Policy Proceeds' section for details.

B. Death Benefit

On death of the life assured, the nominee would receive Assured Death Benefit of 101% of all regular premiums1 paid to date. In addition, accrued bonuses will also be payable.

The minimum level of death benefit at all times will be 105% of the premiums paid.

Your nominee has an option to utilise the death benefit, fully or partly, for purchasing an immediate annuity from HDFC Life. Alternatively, your nominee can withdraw the entire death benefit as a lump sum.

The Premium amount is excluding any taxes paid on the premium.


Min-Max entry age18-65 years
Min-Max age at maturity (vesting)55-75 years
Policy Term10-40 years


Commission table as per the pdf shared to be added here.

Important Disclaimer:

*Tax benefits are subject to changes in tax laws. Please contact your tax consultant for an exact calculation of your tax liability.

HDFC Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011 : - The policy holder may avail of benefits as provided under the tax laws. The premium would be subject to Service tax & education cess as per applicable tax rates. Tax laws are subject to change basis the amendments made from time to time.

Insurance is the subject matter of the solicitation. For more details on risk factors, terms and conditions and exclusions please read the product brochure before conclusion of sale. HDFC Life Personal Pension Plus (Form No: P501 & UIN: 101N091V01) is a traditional insurance product offered by HDFC Life. This is a participating plan. The name of the company, name of the brand and the name of the product does not indicate the quality of the plan. HDFC Life Insurance Co.Ltd. Reg.No.101

HDFC Bank Limited ("HDFC Bank") is a corporate insurance agent of HDFC Life Insurance Company Limited ("HDFC Life") under HDFC Bank Ltd. Certified Corporate Agent IRDAI Registration No.CA0010 issued by Insurance Regulatory & Development Authority of India and does not underwrite the risk or acts as an insurer. The insurance is underwritten by HDFC Life. This policy is issued to you by HDFC Life and is subject to the terms and conditions governing such policy. The contract of insurance is between HDFC Life and the insured only, and not between HDFC Bank and the insured .HDFC Bank is acting merely as the corporate agent of HDFC Life and there is no direct or indirect linkage between the provisions of the banking services offered by HDFC Bank. Your participation in this product is purely on a voluntary basis. HDFC Bank is not responsible or liable for performance of any obligations under the contract of insurance

IRDAI hereby clarifies to the public that

  • IRDAI or its officals do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus. Public receiving such phone calls requested to lodge a police complaint along wih details of phone call and number.