Review of HDFC Life Click 2 Retire Online ULIP
HDFC Life Click 2 Retire Online ULIP is initiated especially for retirement. Do you know what the key features of it are? What are eligibility criteria to apply for it? Here are the answers.
Salient features of HDFC Life Click 2 Retire Online ULIP:
1. It is an online retirement plan.
2. Gives assured vesting benefit and good market returns.
3. Vesting benefit available at the age of 45 years also.
4. Policy term is 10 to 35 years.
5. Premium payment term could be single pay, 8 years, 10 years, or 15 years payment.
As mentioned in the above image, the minimum entry age is 18 years and maximum entry age is 65 years. Moreover, minimum vesting age is 45 years and maximum vesting age is 75 years.
Till what period premiums are require to be paid?
As you can see in the image above, there is information about premium payment term and policy term required to be paid.
Benefits of HDFC Life Click 2 Retire Online ULIP:
⦁ Death Benefit:
⦁ If unfortunate death of policy holder occurs, nominee would get higher of the Fund Value or 105% of premiums paid till date.
⦁ Vesting/Maturity Benefit:
⦁ At the end of the policy term, vesting/maturity benefit would be higher of Fund Value or Assured Vesting Benefit (AVB).
⦁ Assured vesting/maturity benefit is computed as given here – 101% + 1% (Policy term minus premium payment term) x Total Premiums Paid.
ULIP charges applicable in this plan:
Here is the information of ULIP charges which is important from investor’s point of view.
1. Zero premium allocation Charges.
2. Zero Policy Administration Charges.
3. Fund Management Charges would be 1.35% per annum.
4. Investment Guarantee Charges of 0.1% to 0.5% per annum based on fund selected by you.
5. Zero Mortality and Discontinuous Charges.
Why to invest in HDFC Life Click 2 Retire ULIP?
There are numerous positive factors in this retirement plan. This plan is offered online with minimum charges. You have to pay just 1.5% as fund management fees every year and upto 0.5% per annum for investment guarantee charges. Retirement plan like this can provide you 6% to 8% estimated returns and it could be higher based on market situation.
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