New Delhi. If you want to keep your old age secure then this news is for you only. Actually, private sector insurance company HDFC Life has introduced a great plan for you, by investing in which you can easily maintain old age expenses. With this, you can easily meet your post-retirement expenses.
Permission to lock your annuity interest rates at the inception of the policy
Keeping in mind the retirement of the customer, the company has launched ‘HDFC Life Systematic Retirement Plan’. It is an individual, group, non-participating, non-linked, savings deferred annuity plan. This plan allows the customers to lock in their annuity interest rates at the inception of the policy. HDFC Life Systematic Retirement Plan has two options – Life Annuity and Life Annuity with Return of Premiums
Features of HDFC Life Systematic Retirement Plan
>> An individual has the option to choose the premium paying term of 5 to 15 years.
>> Customers can choose the Deferment Period up to 15 years.
>> Under this plan, there is a facility to issue the policy within 24 hours without any medical and underwriting
>> By paying premium for a limited period, you can get guaranteed income for life.
>> The minimum age of a person should be 45 years and maximum 75 years to select the plan.
>> Premium can be paid on Monthly, Quarterly, Half Yearly or Annual basis.
>> Option to choose premium paying term from 5 to 15 years
