HDFC Life Pension Guaranteed Plan
A single premium non-participating and non linked annuity plan
As you look ahead to retirement, what’s your biggest concern? It’s probably outliving your savings. Typically, how much income you have during retirement will depend on how much you have saved by the time you retire? But market downturns may take your retirement savings and your retirement dreams down with them. We present a solution that is designed to help you build and secure your retirement fund so that you can enjoy the post retirement income.
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Why you need this Plan ?
PLAN NOW TO ENSURE A LIFELONG MONTHLY INCOME POST RETIREMENT
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Plan offers 3 annuity options to cater varied needs
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Option to take plan on Single Life or joint life basis
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Option to take an immediate or deferred annuity with return of Purchase Price (RoPP) on death
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Plan offers option to provide annuity monthly, quarterly, half-yearly and yearly
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Choice is provided to enhance annuity amount through top up
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Plan offers 25% Discount on purchase of Individual Policy for 2 or more Individuals.
| Immediate Life Annuity | Immediate Life Annuity with RoPP | Deferred Life Annuity with RoPP | |
| Single Life | Immediate Annuity will be paid to annuitant as long as he is alive. Post that benefit ceases to exist | Immediate annuity will be paid to annuitant as long as he is alive. Post that death benefit (100% of Purchase price) will be paid to nominee | Annuity will be paid to annuitant post completion of deferment period as long as he is alive. Post that death benefit will be paid to nominee. Death benefit is higher of • 110% of Purchase price • Purchase price + GA – annuity payout |
| Joint Life | Immediate Annuity will be paid to either of primary or secondary annuitant as long as one is alive. Post that benefit ceases to exist | Immediate Annuity will be paid to either of primary or secondary annuitant as long as one is alive. Post that death benefit (100% of Purchase price) will be paid to nominee | Annuity will be paid to either of primary or secondary annuitant post completion of deferment period as long as one is alive. Post that death benefit will be paid to nominee Death benefit is higher of • 110% of Purchase price • Purchase price + GA – annuity payout |