Should I go for HDFC NPS Pension Plan ?

POSTED BY Jay ON February 27, 2014 10:13 am COMMENTS (10)


When i visited HDFC bank for investment plan they advice me to take the HDFC NPS pension (HDFC life new pension plus plan) and Youngster child insurance plan.

Please advice

10 replies on this article “Should I go for HDFC NPS Pension Plan ?”

  1. ashalanshu says:

    Dear Jay, the insurer you are comfortable with is the best. If it’s SBI so be it. If it means LIC, go there. If it means Aviva, purchase from there.



  2. Jay says:

    You mean option 1 is good right.
    For term plan which ins company is best

  3. ashalanshu says:

    Dear Jay, RD interest is not tax free. Banks do not apply TDS. It does not mean RD interest is tax free. Please purchase a big term cover first.

    For your investment needs,opt MFs, PPF, FDs etc.

    Option 2 back to square one. OK. I surrender. No need to purchase any term plan. All these things are rubbish. The reason – you w’d purchase an umbrella and if it’s no rain, the shopkeeper should return the money you paid to by the umbrella. 🙂



  4. Jay says:

    Dear Ashal,
    yes this is not enough. please advice which is best option.
    1. Take one term insurance cover from SBI Life and remaining saving invest in MF, PPF ,RD and one more PPF in wife /child name. I heard RD interest is tax free is it correct.

    2. HDFC life new pension plus plan) and Youngster child insurance plan and HDFC life new pension plus plan) and Youngster child insurance plan in MF and PPF
    In option 2 i can consider term insurance of 20 lakh

  5. ashalanshu says:

    Dear Jay, do you think 4L Rs. is enough for next 20-25Y in your absence for your family to meet out all the expenses towards living and education needs of your kid?

    Please think over it.



  6. Jay says:

    Dear Ashal,
    I am here to get your advice , please do the needful

  7. Jay says:

    I am under the company medical policy of 3 lakh for myself, wife and daughter+
    1 lakh each for my parents.

  8. Jay says:

    As of now I have only 4 LIC policy sum assured 1 lakh each
    Money back 20 year –
    Marriage endow/edu annuity –
    New Bhhima gold
    Komal jeevan 25 yr

    Kindly advice

  9. ashalanshu says:

    Dear Jay, what ‘ll happen to your planning for your child and wife if you die tomorrow morning?



  10. Jay says:

    My goal is to save money for my retirement (18 yr) and child future in 15 year

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