The HDFC Life Smart Pension Plan offers life cover while helping you save during your working years. It’s designed to help you build a retirement fund at your own pace. You can choose your target vesting date, premium payment term, and fund options based on how long you plan to save and your comfort with risk.
You can use your retirement savings to receive regular pension payments or take a part of it as a lump sum. The plan also offers flexibility—you can change your vesting date, adjust your premium term, switch fund allocations, or choose different payout options, subject to conditions. It’s a smart way to personalise your retirement journey.
Plan Details
Policy Term: Whole Life
Premium Payment Term: Single Pay
Annuity Pay out Mode: Yearly, Half -Yearly, Quarterly & Monthly
Maximum Annuity Amount: No Limit (subject to Board approved underwriting policy)
Minimum Annuity Amount:
₹12,000 (Annual)
₹6,000 (Half-Yearly)
₹3,000 (Quarterly)
₹1,000 (Monthly)
Minimum Premium Amount Single Pay: ₹50,000
Key Features
Here are some of the notable features of the HDFC Life Smart Pension Plan:
Life cover of up to 105% of total premiums paid, including any top-ups
Helps you grow your retirement savings over time
Option to change your vesting date and premium payment term as needed
Earn loyalty additions* for staying invested
*Loyalty additions begin from the 10th policy year for non-single premium plans with at least ₹1,00,000 annual premium, and for all single premium plans.
Disclaimer
HDFC Life Insurance Company Limited (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Registration No. 101. Registered Office: 13th Floor, Lodha Excelus, Apollo Mills Compound, N. M. Joshi Marg, Mahalaxmi, Mumbai - 400 011. Email: service@hdfclife.com, Tel. No: 022-68446530 (Mon-Sat 10 am to 7 pm) Local charges apply. Do NOT prefix any country code. e.g. +91 or 00. Website: www.hdfclife.com The name/letter 'HDFC' in the name/logo of HDFC Life Insurance Company Limited (HDFC Life) belongs to HDFC Bank Limited and is used by HDFC Life under licence from HDFC Bank Limited. Life Insurance Coverage is available in this product. HDFC Life Smart Pension Plan (UIN: 101L164V03) is the name of the Unit linked product. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. HDFC Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand and HDFC Life Smart Pension Plan (UIN: 101L164V03) is only the name of the unit linked life insurance contract. The name of the company, name of the brand and name of the contract does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. This document has no monetary value at any time and is not a proof of any contract with HDFC Life Insurance Company Ltd. This Product brochure is indicative of the terms, warranties, conditions and exclusions contained in the insurance policy. HDFC Life Smart Pension Plan (UIN:101L164V03) A Unit Linked, Non-Participating Individual Pension Plan. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale. 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. HDFC Bank Limited is the Corporate Agent (IRDAI Reg. No. CA0010) of HDFC Life. Life insurance policies are underwritten by HDFC Life. Purchase of life insurance policy is voluntary. ARN: PP/02/24/8668
Most Important Terms & Conditions
*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
