HDFC Life Pension Guaranteed Plan
We understand that a regular income is mandatory after retirement age. The HDFC Life Pension Guaranteed Plan is a single premium annuity scheme that offers a consistent, lifelong guaranteed income.
HDFC Life Pension Guaranteed Plan
For most people, financial freedom is their ultimate goal. Everyone wants to relax in retirement after years of laborious work, and buying an annuity is a wise method to guarantee a steady income stream after retirement. Some of the exclusive features of this insurance plan include:
Key Benefits
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To assure a guaranteed income for the duration of your/your partner's life, you can choose to enroll in the plan on a Single or Joint Life basis.
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Get the choice to receive an immediate or deferred annuity.
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Flexibility of monthly, quarterly, half-yearly, or annual annuity payments.
Here are some advantages of this insurance plan:
- Option of Return of Purchase Price in case of death
- Options for banks and other financial institutions to purchase instant annuities in exchange for annuity payments for their obligations to homeowners under reverse mortgage schemes