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HDFC Ltd – is a leading public limited company engaged in the business of providing long term finance for for purchase or construction of residential houses in India. HDFC holding Ltd – Carries business of investments in stocks, shares,debentures and other securities. Apart from HDFC platinum Deposits and other General Deposit plans HDFC has come up with new deposits Viz.
After a deep lull that lasted a little more than two years, unit-linked pension plans (ULPPs) have once again started entering the market. But before we get into how these plans measure on our scale, let’s first understand the basic structure of a pension plan as laid by regulatory guidelines.
In order to discourage surrender and partial withdrawals, the guidelines dictate that you need to buy either a single-premium pension policy or annuitize a portion of the corpus (even surrender value) from the same insurer. Investment: Other than the design, the investment pattern of these products has altered too. The guaranteed benefit under this plan varies depending upon your investment option, premium paying term and policy term. These plans may not appeal to aggressive investors since they are not purely equity-linked. These pension plans adhere to the current set of guidelines, however new product guidelines are on the anvil.
Even if Sensex or Nifty will be doubled in price, ULIP NAV value will never increase to double, but it will increase only marginally.
There is no regulation for ULIP for its internal expenditure, So ultimately you will get very low return on long time investment, your life insurance coverage will also low for high amount of premium.

5000 in financial year.Depositor can submit 15G or 15H form to avoid tax deduction at source.
Once a popular product in the stable of an insurance company, these plans faced extinction after the Insurance Regulatory and Development Authority (Irda) cracked the whip on them and put in place some customer-friendly norms that were seen as unfriendly for the insurers. In June 2012, the regulator tweaked the guidelines a little to excuse insurers offering a guaranteed return to the policyholders in case of early surrender. So even if you wish to surrender or terminate your policy within five years, you will get your money back only after the lock-in period gets over. You can no longer get a pure equity-linked investment and it is likely that insurers will charge you extra for offering the guarantee. In other words, when you see the illustration of the product, you are most likely to get a published net return which does not factor in costs such as guarantee and mortality costs.
If you die during the term of the policy, your beneficiary will get the higher of the fund value or total premiums paid accumulating at a rate of 6%. The policy promises higher of the fund value or minimum guaranteed benefit on maturity as well as death of the policyholder. However, the guaranteed rate of return should not be the consideration for purchasing this product.
Even conservative investors should put some thought before buying these since the plans are expensive and the guarantees they offer are not much to write home about.
The regulator asked the insurers to offer a guaranteed return on investments not just on maturity but also on death of the policyholder during the term of the policy and in case the policyholder decides to quit the policy midway. Says Rituraj Bhattacharya, head (product development and market management), Bajaj Allianz Life Insurance Co.

The consumer should focus on the investment options that we are offering while looking at capital ,” says Niraj Shah, senior vice-president (products), ICICI Prudential Life. Through a conservative investment option, these guarantees would increase to Rs.19 lakh as the guaranteed maturity benefit and maximum assured death benefit.
If you want to save for retirement, capital protection is not very high on the agenda and if you are willing to take little or no exposure to equities, consider investing in the National Pension System (NPS), which is a cost-effective option. Ltd lined up to offer the first ULPP in December and less than a month later, ICICI Prudential Life Insurance Co.
But now Irda has mandated a minimum non-zero positive return of premiums that will be given on maturity or to the beneficiary in case of the policyholder’s death. The only disadvantage with NPS currently is that on maturity, the corpus, 60% that you can keep as lump sum, is not tax-free. The element of guarantee means insurers will not be able to offer pure equity-linked plans. Also, even as insurers invest in debt, it isn’t completely risk-free, so in that sense they will still need to account for a capital guarantee. Even on maturity, one-third of the corpus, which the customer can take as lump sum, is tax free. The remaining needs to get annuitized or go into buying a pension product that gives periodic income.

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