Retirement Plans
HDFC Life Pension Guaranteed Plan
Synopsis:
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A smart way to ensure a regular income stream post retirement is buying an Annuity plan.HDFC Life Pension Guaranteed Plan is a single premium annuity product which provides a regular guaranteed income for lifetime.
Features:
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- Wide range of annuity options to cater to your needs
- Option to take the plan on a Single or Joint Life basis
- Option to receive immediate or deferred annuity
- Option to receive annuity monthly, quarterly, half-yearly or yearly
- Option of Return of Purchase Price on death
- Options for banks/financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes
- Choice of increasing your Annuity Payouts through Top Up option
Benefits:
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- Immediate Life Annuity Option:
This option is available on both single life and joint life basis.
- Immediate Life Annuity with Return of Purchase Price Option:
This option is available on both single life and joint life basis.
- Deferred Life Annuity with Return of Purchase Price Option
- Death Benefit:
The Death Benefit will vary depending on the annuity option selected by the policy holder.
Eligibility:
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Parameters |
Minimum |
Maximum |
Immediate Life Annuity |
30 Years |
85 years |
Immediate Life Annuity with Return of Purchase Price |
30 Years |
85 years |
Deferred Life Annuity with Return of Purchase Price |
45 years |
85 years |