HDFC Life Pension Plus Policy is a traditional participating pension plan ideal for individuals who seek to plan for their retirement. Get secure and stable returns on your invested corpus for post retirement income.
- Flexibility to choose your investment horizon from 10 – 40 years
- Assured benefit equal to 101% of all regular premiums paid on death or at vesting
- The plan can be taken only on a single life basis
- The flexibility to choose the premium payment frequency i.e. quarterly/half-yearly/annual
- EMI available for HDFC Bank Credit Card holders.
- At vesting (on maturity), choose from a range of annuity options from us and get guaranteed income for life
- Option to commute up to 1/3rd of the vesting benefit tax free
- The minimum level of death benefit at all times is 105% of the premiums paid
- Enjoy tax benefits on the premiums paid under Section 80CCC of the Income Tax Act 1961, subject to conditions
Min-Max entry age 18-65 years
Min-Max age at maturity (vesting) 55-75 years
Policy Term 10-40 years
All age mentioned above are age last birthday.
Source : http://www.hdfclife.com/retirement-and-pension-plans/personal-pension-plus