HDFC Life Guaranteed Pension Plan

Provide for your loved ones with guaranteed benefits

HDFC Life Guaranteed Pension Plan

All You Need To Know

Age limit

Age at entry: Minimum 35 years; maximum 65 years

Age at maturity (vesting): Minimum 55 years; maximum 75 years


Pay premiums based on your needs – with no maximum limit

Pay premiums for a limited term of 5, 7 or 10 years – invest as much as you want

Ways to pay

Conveniently pay your premiums or renew your policy through multiple modes -- credit card, internet banking, cheque, auto debit facility

Policy term

Choose an investment horizon of 10 to 20 years


Guaranteed additions of 3% of Sum Assured on Vesting for every policy year

Annuity benefit

Enjoy lifelong guaranteed income after retirement

Tax benefit

Get tax benefits under 80CCC of the Income Tax Act, 1961

Death benefit

Beneficiaries will receive assured death benefit of total premiums paid accumulated at a guaranteed rate of 6% compounded annually

The minimum death benefit will be 105% of the total premiums paid


1. What is the Min/Max age at Entry/Maturity?

AGE AT ENTRY (in years)AGE AT VESTING (in years)
Min MaxMin Max

2. What is the minimum premium that needs to be paid?

(INR Excl tax)

3. What is the Death Benefit under the plan?
On death of the life assured, we would pay to the nominee the Assured Death Benefit of total premiums paid1 to date accumulated at a guaranteed rate of 6% per annum compounded annually. 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 benefits, fully or partly, for purchasing an immediate annuity from us. However, the nominee or beneficiary shall be given an option to purchase annuity from any other insurer at the then prevailing annuity rate to the extent of percentage, stipulated by the Authority, currently 50%, of the proceeds of the policy net of commutation. Alternatively, your nominee can withdraw the entire death benefit as a lump sum.

Please note the guaranteed rate of 6% p.a. on the premiums paid to date is applicable only for the purpose of calculating death benefit and not for vesting benefit.

1 Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

4. What is the Vesting Benefit under the plan?
On survival till the vesting date and on full payment of premiums due throughout the premium paying term, you will receive sum of

- Sum Assured on vesting
- Guaranteed Additions
- Vesting Addition

Regulation mandates how this Vesting Benefit will be payable to you. Please refer to 'Product Brochure' for more details.

5. Can I save tax by investing in this policy?
Yes, Tax Benefits may be available as per prevailing tax laws. You are requested to consult your tax advisor.​​​​​​​


HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of HDFC Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between HDFC Life and the Insured and not between HDFC Bank and the Insured.This policy is underwritten by HDFC Life Insurance Company. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited.HDFC Life Guaranteed Pension Plan (UIN: 101N092V08) is a non-linked non-participating pension plan. Life Insurance Coverage is available in this product. This version of the product  brochure  invalidates  all  previous  printed  versions  for  this  particular  plan.  This  Product  brochure  is  indicative  of  the  terms,  warranties,  conditions  and  exclusions  contained in the insurance policy. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer.