HDFC Life New Immediate Annuity Plan
A Non-linked Traditional Annuity Plan
HDFC Life New Immediate Annuity Plan is a non-linked traditional annuity plan that offers you various annuity options and provides you an opportunity to live life on your terms even after retirement.
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Why you need this Plan ?
A TRADITIONAL PLAN WITH GUARANTEED INCOME FOR LIFETIME
1
Plan offers multiple annuity options to cater varied needs
2
Option to take plan on Single Life or joint life basis
3
Option to take an immediate annuity with return of Purchase Price (RoPP) on death
4
Plan offers option to provide annuity monthly, quarterly, half-yearly and yearly
5
This is Single premium plan
| Frequency | Annual Installment (per frequency) |
|---|---|
| Half-yearly | 98% of Yearly Annuity x 1/2 |
| Quarterly | 97% of Yearly Annuity x 1/4 |
| Monthly | 96% of Yearly Annuity x 1/12 |
| Yearly | 100% of Yearly Annuity x 1 |
| Single Life Annuity option | Joint Life Annuity option |
|---|---|
| 1. Life Annuity | Joint Life Annuity with 50% annuity to the secondary annuitant |
| 2. Life Annuity with Return of Purchase Price | |
| 3. Life Annuity with Return of Balance Purchase Price | Joint Life Annuity with 50% annuity to the secondary annuitant |
| 4. Life Annuity with a Guarantee Period | |
| 5. Life Annuity with 5% escalation | Joint Life Annuity with 100% annuity to the secondary annuitant and return of purchase price |
| 6. Life Annuity with Return of Purchase Price in Parts | |
| 7. Life Annuity with Return of Purchase Price on diagnosis of Critical Illness | 4. Joint Life Annuity with 50% annuity to the secondary annuitant and return of purchase price |