Retirement Plans
HDFC Life Guaranteed Pension Plan
Synopsis:
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HDFC Life Guaranteed Pension Plan, one of the best pension plans in India designed to help you build and secure your retirement fund to enjoy the post retirement income.
Features:
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- Guaranteed Additions of 3% of sum assured get accrued for each completed policy year
- A lump sum Vesting Addition payable at vesting
- Premium payment term of 5, 7 and 10 years
- Policy term ranging from 10 to 20 years
- This pension plan in India can be taken only on a single life basis
Benefits:
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- Limited premium paying term with assured benefit on death or at vesting
- On vesting, purchase an annuity from us and enjoy lifetime income- post retirement
- Get a lump sum vesting benefit which is a sum of sum assured on vesting, Guaranteed Additions as well as Vesting Addition
- Assured Death Benefit of total premiums paid to date accumulated at a guaranteed rate of 6% per annum compounded annually
- Tax benefit on premiums paid under section 80 CCC of the Income Tax Act, 1961
Eligibility:
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Min-Max entry age |
35-65 years |
Min-Max age at maturity (vesting) |
55-75 years |