The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to
surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of fifth year.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Research says 60% of workers don’t calculate how much money they
need to save for their retirement income needs. You must set them
goal and then design a plan to achieve it.
As individuals enter their 60s, their financial literacy and decision-
making often start to decline. Retirees can use aspects of financial
planning that cope with the aging process in later years to ensure they
can maintain their investments and avoid financial scams.
Retirees roll money out of company plans with less knowledge in
investments, they become easy prey for salesmen offering annuities &
risk-free money management. A single mis-step could cost you lots of
In ideal markets, it takes 7 years to double your money and about 25
years for it to lose half its value from inflation. Hence, the best long-
term investment portfolio will bring you a return above inflation with as
little risk as possible.
The best option is to cut down the risk and relying on a portfolio of
bonds, real estate and dividend-paying blue chip stocks to reduce the
risk of panic are the next best option.
Then there's always the risk of losing ground to inflation if rates rise
and bond values plummet. A small percentage of equities can bring an
extra bump of return one need to offset rising inflation over long time.
Avoiding stock market risk increases other types of risk. For instance,
there's longevity risk, or the risk of outliving one's money. One
shouldn't think of short-term and others as being risk-free asset.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI clarifies to public that
• IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
• IRDAI does not announce any bonus.
• Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Source Link- http://www.bankrate.com/finance/retirement/7-retirement-investing-mistakes-3.aspx/
HDFC Standard Life Insurance Company Limited. In partnership with Standard Life Plc. CIN: U99999MH2000PLC128245, IRDAI Reg. No. 101
Registered Office: HDFC Standard Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011.
Email: Buyonline@HDFCLife.in, Tel No: 1800-266-9777 (9 am to 9 pm).
Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding
a sale. HDFC Life Click 2 Retire (UIN No: 101L108V01, Form No: P501-131) is a Unit linked online pension plan. 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 Standard Life
Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand and HDFC Life Click 2 Retire (UIN No: 101L108V01, Form No: P501-
131) 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. "The name/letters "HDFC"
in the name/logo of the Company belongs to Housing Development Finance Corporation Limited and is used by HDFC Life under a license/agreement." ARN:MC/04/2016/7812