HDFC Life Insurance - Pension Plan II - Balanced Managed Fund II

NAV on (30 Jan 2026)

42.1866

Objectives

The HDFC Unit Linked Pension II is an insurance policy that is designed to provide a retirement income for life with the freedom to maximise your investment returns. It provides:

An outstanding investment opportunity by providing a choice of thoroughly researched and selected investments

Freedom from tracking the market with Asset Allocation Option

Bumper Addition of 50% of original annualised premium at vesting and on death

A post retirement income for life

Flexibility to plan your retirement date
Fund Details:

Increased equity exposure gives better long term returns.

Bond exposure provides some stability as compared to equities.

Features

The HDFC Unit Linked Pension II gives you:
1. An outstanding investment opportunity by providing a choice of thoroughly researched and selected investments.
2. Freedom from tracking the market with Asset Allocation Option.
3. Bumper Addition of 50% of original annualised premium at vesting / on death.
4. Provides a post retirement income for life.
5. Gives you the flexibility to plan your retirement date.

Advantages

1. This plan is designed to provide you a post retirement income for life You can choose your premium, the Sum Assured and your retirement date. At the end of the policy term, you will receive the accumulated value of your funds, which will be used to provide your pension income in your golden years.
2. This plan gives you Bumper Addition to the fund value on Vesting. Your fund value will be augmented by addition of Bumper Addition to the extent of 50% of your original annualised premium chosen at inception.
3. On your chosen retirement (Vesting) date, you will get the value of the units in your policy. As per prevailing Government regulations;
a. You can take up to 1/3rd of the total benefit at Vesting (fund value + Bumper Addition) as a tax-free cash lump sum.
m b. The rest must be converted to annuity.
c. You can buy the annuity from us or any other insurer.
4. In the long term, the key to building great maturity values is a low Fund Management Charge (FMC). We have a low FMC of only 1.25% per annum (of the fund s value).
5. If you have not opted for AAO (Asset Allocation Option), you can change your investment fund choices in two ways:
a. Switching: You can move your accumulated funds from one fund to another anytime.
b. Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need.
6. You can choose to pay your premium as either Monthly (through Standing Instructions or ECS Mandate), Half yearly or Annually. You also have a range of convenient auto premium payment options.
7. Tax benefits under sections 80CCC of the Income Tax Act, 1961 subject to the provisions contained therein.

Entry Age Details

ELIGIBILITY

The age and term limits for taking out a HDFC Unit Linked Pension II are as shown below:

TERM PERIOD (Yrs.)		AGE AT ENTRY (Yrs.)		AGE AT VESTING (Yrs.)
Minimum	Maximum	Minimum	Maximum	Minimum	Maximum
10	40	18	65	50	75

Top-up Premium

Single Premium Top-Up: You can invest more than your usual regular premiums at any time, subject to the following conditions:
1. You have paid all your regular premiums to date.
2. Each Single Premium Top-Up amount is at least Rs. 10,000.

Investment Details of the Plan

FUND+	DETAILS	ASSET CLASS				RISK & RETURN RATING
		Money Market++	Bank Deposits	Govt. Securities & Bonds	Equity
		FUND COMPOSITION
Liquid Fund II	Extremely low capital risk Very stable returns		100%		--	Very Low
Stable Managed Fund II	Low capital risk due to exposure only to short- term bonds (Max 2 years) Higher potential return than Liquid Fund over a long period of time				--	Very Low
	Duration < 12 months		0% to 30%
	Duration between 12 to 18 months	--	50% to 100%
	Duration between 18 to 24 months	--	0% to 20%
Secure Managed Fund II	More capital stability than equity funds Higher potential return than Liquid Fund	0% to 5%	0% to 20%	75% to 100%	--	Low
Defensive Managed Fund II	Access to better long-term returns through equities Significant bond exposure keeps risk down as compared to equities	0% to 5%	0% to 15%	50% to 85%	15% to 30%	Moderate
Balanced Managed Fund II	Increased equity exposure gives better long-term return Bond exposure provides some stability as compared to equities	0% to 5%	0% to 15%	20% to 70%	30% to 60%	High
Equity Managed Fund II	Further increased exposure to equities to give a greater long-term return The small bond holding will aid diversification and provide a little stability	0% to 5%	0% to 10%	0% to 40%	60% to 100%	Very High
Growth Fund II	For those who wish to maximise their returns 100% investment in high quality Indian equities	0% to 5%	--	--	95% to 100 %	Very High

+ Notes on the Funds Available: We will manage the investment in each fund so that the proportion of each Asset Class is ALWAYS within the ranges given. Option to use derivatives: All funds other than Liquid Fund II and Stable Managed Fund II will be allowed to use derivatives as and when regulations allow the same. ++
Money Market Instruments
includes Liquid Mutual Funds, commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time. +++ Bank Deposits means deposits issued by any Primary Dealer or Non-Banking and Banking Financial Company approved by the Reserve Bank of India or by any other Public Financial Institutions or by Housing Finance Companies approved by the National Housing Bank.
Your investment choices must follow IRDA regulations. This means that some investment choices will not be permitted; in particular we do not allow more than 10% of any unit allocation to be in the Liquid Fund II.
The past performance of any of the funds is not necessarily an indication of future performance. Unit prices can go up and down. No fund offers an assured return. The names of the funds we offer under this plan do not, in anyway, indicate the quality of the plan, its future prospects or returns. None of the funds participate in the profits of HDFC Standard Life Insurance Company Limited. Investment professionals regard money market instruments as unsuitable investments for the long term and are generally used for the short term. This is because money market instruments have relatively stable returns and offer high degree of capital safety. However, they tend to offer lower returns over the long term compared to other investments

You can choose one of the variant at the proposal stage. Once a particular variant is chosen the premium allocation and switches will be done according to the chosen pattern on every policy anniversary.

You cannot switch between the patterns and if you opt out of Asset Allocation Option, you cannot opt for it again. In case you decide to opt out of Asset Allocation Option, you can start making your own investment strategy by making fund switches and/or re-directing your future premiums as per your risk appetite.

Premium allocation Charges

PREMIUM ALLOCATION CHARGE

This is a premium-based charge. After deducting this charge from your premiums, the remainder is invested to buy units. The tables given below will help show how percentage of your premium is used to buy units. This percentage is called the Premium Allocation Rate. The Allocation rates are guaranteed for the entire duration of the policy term.

PREMIUM DUE IN A YEAR (Rs.) / PREMIUM FREQUENCY	PREMIUM ALLOCATION RATE
PREMIUM DUE IN A YEAR (Rs.) / PREMIUM FREQUENCY	YEARLY	HALF-YEARLY	MONTHLY*
Annualised Regular Premium- Year 1
12,000 to 4,99,999	60%	60%	60%
5,00,000 and above	80%	80%	80%
Annualised Regular Premium-Year2	85%	80%	80%
Annualised Regular Premium -Year 3+	98%	98%	98%

* In case of ECS/SI failure and the defaulting premium(s) is/are paid by any other mode of payment (like cash/cheque), an additional 6% of the premium will be charged as premium allocation charge for annualised premium levels up to Rs. 4,99,999.

Single Premium Top-Up Allocation: The allocation rates for Single Premium Top-Up are given below.

SINGLE PREMIUM TOP-UP(S)	ALLOCATION RATE
Paid during Year 1	97.50%
Paid during Year2+	98.00%

Fund Management Charges

FUND MANAGEMENT CHARGE (FMC): In the long term, the key to building great maturity values is a low FMC. The daily unit price already includes our low fund management charge of only 1.25 % per annum charged daily,of the fund's value.

Policy Administration Charges

Policy Administration Charge: Rs. 60 per month will be charged.

Switching Charges

Switching Charge: 24 switches will be given free in a policy year and any additional switch will be charged Rs. 100 per switch.

Surrender Charges

Surrender Charges:

This charge is a percentage of the fund value and will depend on the number of premiums paid prior to your surrender request.

No Surrender Charge will be levied for any Policy that pays the Original Regular Premium when due for the first five years of the contract.

The Surrender Charge is 100% of the Fund Value before the payment of the premium due on the 1st policy anniversary. Thereafter the Surrender Charge applicableis shown in the table below.

NO OF ORIGINAL ANNUALISED PREMIUMS NOT PAID IN THE FIRST 5 YEARS	PERCENTAGE OF FUND VALUE
4	95%
3	35%
2	15%
1	5%
0	NIL

For cases where part of the original annualised premium is not paid, for example if the frequency of payment is monthly or the premium is reduced, then the Surrender Charge will be derived from the above table on a pro rata basis.

Returns (as on 30-Jan-2026)

Period	Absolute (%)	Annualised (%)
1 Week	0.7	0
1 Month	-1	-10.7
3 Months	-0.4	-1.5
6 Months	1.5	3
1 Year	6.7	6.7
2 Years	16.3	7.8
3 Years	-6	-2.1
5 Years	9.2	1.7

NAV Chart

Historic Graph:

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52-week High

₹42.907

02-Jan-2026

52-week Low

₹38.473

28-Feb-2025

Claim & Solvency Ratio

Claim Ratio	Solvency Ratio
100% (2023-24)	2% (March 2024)

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What is health insurance? +

Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured. It may also provide coverage for other types of health-related costs, such as prescription drugs, mental health services, and preventive care.

Why do I need health insurance? +

Health insurance helps protect you from high medical costs. It provides access to medical care when you need it, helping to pay for doctor visits, hospital stays, surgeries, prescription medications, and other health-related services.

What is a premium? +

A premium is the amount you pay for your health insurance every month. Depending on your plan, the premium may vary based on factors like age, location, and level of coverage.

What is a deductible? +

A deductible is the amount of money you must pay out-of-pocket before your health insurance starts covering your medical expenses. For example, if you have a deductible of $1,000, you must pay $1,000 out-of-pocket before your insurance starts covering your medical bills.

What are copayments and coinsurance? +

Copayment (copay): A fixed amount you pay for a covered health care service, typically when you get the service. Coinsurance: The percentage of the cost you pay for covered health services after you've paid your deductible. For example, if your coinsurance is 20%, you pay 20% of the bill, and the insurance company pays the remaining 80%.

What is an out-of-pocket maximum? +

The out-of-pocket maximum is the maximum amount you can spend on your health insurance. If you exceed this amount, your insurance company will pay 100% of your medical expenses.

What is the difference between in-network and out-of-network providers? +

In-network providers: Health care providers that have a contract with your health insurance plan to provide services at negotiated rates. Out-of-network providers: Providers that don't have a contract with your insurance plan. Services from these providers may cost more or not be covered at all.

What is a Special Enrollment Period (SEP)? +

The Special Enrollment Period (SEP) is a special time during the year when you can sign up for or make changes to your health insurance plan. If you miss this period, you may have to wait until the next one unless you qualify for a Special Enrollment Period (e.g., due to a life event like marriage or having a baby).

Can I keep my doctor with health insurance? +

If you have a preferred doctor, it’s important to check if they are in-network with your insurance plan. If they are not in-network, you may need to pay more out-of-pocket, or you may have to switch to another doctor who is in-network.

What is a Health Savings Account (HSA)? +

A tax-advantaged account for people with high-deductible health plans (HDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Flexible Spending Account (FSA)? +

A tax-advantaged account for people with low-deductible health plans (LDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Health Maintenance Organization (HMO)? +

An HMO is a type of health insurance plan that requires you to choose a primary care physician (PCP) and get referrals from them to see specialists. HMOs often have lower premiums and out-of-pocket costs but offer less flexibility in choosing providers.

What is a Preferred Provider Organization (PPO)? +

A PPO is a health insurance plan that offers more flexibility in choosing healthcare providers and doesn’t require referrals to see specialists. You can see any doctor, but you’ll pay less if you use in-network providers.

What is the difference between a Health Savings Account (HSA) and a Flexible Spending Account (FSA)? +

HSA: A tax-advantaged account for people with high-deductible health plans (HDHPs) The funds roll over from year to year and can be used for qualifying medical expenses. FSA: A tax-advantaged account for people with low-deductible health plans (LDHPs) The funds roll over from year to year and can be used for qualifying medical expenses.

What does the term "pre-existing condition" mean? +

A pre-existing condition is a medical condition that you had before you got your health insurance. It could include things like diabetes, high blood pressure, or heart disease.

Can I cancel my health insurance at any time? +

Yes, you can cancel your health insurance plan at any time. However, if you cancel outside the open enrollment period, you may not be able to get another plan until the next enrollment period unless you qualify for a Special Enrollment Period.

Are prescription drugs covered by health insurance? +

Many health insurance plans cover prescription medications, but the coverage may vary. Plans typically have a formulary, or list of covered drugs, and different drugs may have different levels of coverage, depending on whether they are generic, brand-name, or specialty drugs.

What is preventive care? +

Preventive care includes health services that help prevent illnesses, such as vaccinations, screenings, and annual checkups. Under the Affordable Care Act, most preventive services are covered by health insurance plans at no additional cost to the policyholder.

What should I do if my health insurance claim is denied? +

If your claim is denied, you can appeal the decision. Review the denial letter for reasons, contact your insurer for assistance, and file a written request for a hearing. If you win the appeal, you may be able to get a refund or other compensation.

How can I choose the best health insurance plan for me? +

When selecting a plan, consider factors like: Your health care needs (e.g., frequent visits, prescriptions) The plan’s network of doctors and hospitals The cost of premiums, deductibles, copays, and out-of-pocket maximums Coverage for specialized care or treatments Compare the different plans and benefits to find one that meets your needs.

What happens if I don't have health insurance? +

If you don’t have health insurance, you can still access some health care services, such as emergency care, in-network doctors, and in-network hospitals. You may be eligible for Medicaid, which provides some health care services at no cost to you.

What is life insurance? +

Life insurance is a contract between you and an insurance company, where you pay regular premiums in exchange for a lump sum payment (death benefit) to your beneficiaries upon your death.

What are the different types of life insurance? +

Term Life Insurance: Provides coverage for a specific period (e.g., 10, 20, or 30 years). If you pass away during this term, your beneficiaries receive the death benefit. It does not build cash value. Whole Life Insurance: Offers lifetime coverage with a death benefit and also builds cash value over time, which you can borrow against or use. Universal Life Insurance: A flexible policy that allows you to adjust the premiums and death benefit while also building cash value.

How much life insurance coverage do I need? +

The amount of coverage you need depends on factors like your income, debts, family needs, and long-term financial goals. A common rule is to have coverage worth 10 to 15 times your annual income, but this can vary based on your individual situation.

What is the difference between beneficiaries and policyholders? +

The policyholder is the person who owns the life insurance policy and pays the premiums, while the beneficiary is the person or group that receives the death benefit when the policyholder passes away.

Can I change my beneficiaries? +

Yes, you can change your beneficiaries at any time during the life of the policy, as long as the policy is in force and you follow the correct procedure with the insurance company.

What is the contestability period? +

The contestability period is the time during which you have the right to contest the decision of the insurer to pay the death benefit. This period varies depending on the type of life insurance policy and the insurer.

Does life insurance cover accidental death? +

Some life insurance policies include accidental death coverage, while others may require a separate rider for this benefit. Be sure to review your policy to understand what’s covered.

Can I cancel my life insurance policy at any time? +

Yes, you can cancel your life insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is cash value? +

Cash value is the accumulated value of the life insurance policy that can be used to pay for expenses, such as medical bills or funeral expenses.

How do I borrow against cash value? +

You can borrow against the cash value of your life insurance policy, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What is the difference between whole life and universal life insurance? +

Whole life insurance provides coverage for a specific period (e.g., 10, 20, or 30 years) and builds cash value over time. Universal life insurance offers lifetime coverage with a death benefit and also builds cash value over time.

How are life insurance premiums determined? +

Life insurance premiums are based on factors like age, health, lifestyle (e.g., smoking), coverage amount, and type of policy. Generally, younger, healthier individuals pay lower premiums.

Can I borrow money from my life insurance policy? +

If you have a whole life or universal life policy, it may build cash value over time. You can borrow against this cash value, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What happens if I stop paying my life insurance premiums? +

If you stop paying premiums, your policy may lapse. For permanent policies like whole or universal life, the cash value may cover the premiums for a time, but eventually, if premiums are not paid, the policy will end.

What is auto insurance? +

Auto insurance is a contract between you and an insurance company that provides financial protection against damage or injury caused by accidents, theft, or other incidents involving your vehicle. It covers both liability and your vehicle's repair costs depending on the type of policy.

What types of auto insurance coverage are available? +

There are several types of auto insurance coverage, including liability, collision, comprehensive, uninsured/underinsured motorist, and additional coverage like roadside assistance and collision damage waiver.

How much auto insurance do I need? +

The amount of coverage you need depends on factors such as the value of your car, your driving habits, your state's legal requirements, and whether you own or lease your vehicle. A good starting point is to meet your state's minimum required coverage, but you may want additional coverage for added protection.

Can I cancel my auto insurance policy at any time? +

Yes, you can cancel your auto insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between liability and comprehensive coverage? +

Liability coverage covers the damages and injuries caused by accidents, while comprehensive coverage also covers non-accident damages, such as theft or vandalism.

How do I choose the right auto insurance policy? +

When selecting an auto insurance policy, consider factors such as the type of coverage you need, your driving habits, the value of your vehicle, and your state's legal requirements.

What factors affect my auto insurance premium? +

Several factors impact your insurance premium, including: Your driving history (accidents, tickets), The make, model, and age of your car, Your location (accident rates in your area), Your age, gender, and marital status, The level of coverage you choose, Your credit score (in some states).

What is a deductible? +

A deductible is the amount you must pay out of pocket before your insurance policy starts to cover the remaining cost of repairs or claims. For example, if you have a $500 deductible and incur $2,000 in damages, you will pay $500, and your insurer will pay the remaining $1,500.

What is the difference between comprehensive and collision coverage? +

Collision coverage pays for repairs to your vehicle after a collision with another vehicle or object, regardless of who is at fault. Comprehensive coverage covers non-collision incidents, such as theft, vandalism, or damage from natural disasters.

Can I get uninsured/underinsured motorist coverage? +

Yes, uninsured/underinsured motorist coverage is available in some states. This coverage provides financial protection for you if another driver is uninsured or underinsured.

Is auto insurance required by law? +

Yes, in most states, you are required to have a minimum level of liability insurance. Some states also require additional coverage like Personal Injury Protection (PIP) or uninsured motorist coverage. The requirements vary by state, so it’s important to check your local laws.

What happens if I don’t have auto insurance? +

If you drive without insurance, you risk facing legal penalties, fines, and the possibility of your driver's license being suspended. If you're involved in an accident, you could be held responsible for the damages.

Can I add other drivers to my auto insurance policy? +

Yes, you can add other drivers, such as family members or friends, to your policy. However, their driving record and age may affect your premium. It's important to inform your insurer about all the drivers in your household.

What should I do if I get into an accident? +

If you're in an accident, follow these steps: Ensure safety by moving to a safe location if possible. Call the police and file a report. Exchange contact and insurance information with the other driver(s). Take photos of the accident scene, vehicle damage, and injuries. Notify your insurance company about the accident as soon as possible.

What is home insurance? +

Home insurance is a contract between you and an insurance company that provides financial protection against damage or loss caused by natural disasters, theft, or other incidents.

What types of home insurance coverage are available? +

There are several types of home insurance coverage, including flood, fire, burglary, and liability. You may also have coverage for water damage, mold, and other property damage.

How much home insurance do I need? +

The amount of home insurance coverage you need depends on the value of your property, the type of coverage you want, and your insurance provider. You may also need additional coverage for water damage, mold, and other property damage.

Can I cancel my home insurance policy at any time? +

Yes, you can cancel your home insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between flood and fire coverage? +

Flood coverage covers damage caused by floods, while fire coverage covers damage caused by fires.

How do I choose the right home insurance policy? +

When selecting home insurance, consider factors such as the type of coverage you need, the value of your property, and your insurance provider.

What factors affect my home insurance premium? +

Factors such as the type of coverage you need, the value of your property, and your insurance provider can significantly impact your premium.