HDFC Life Insurance Company is one of the leading insurance providers of the private sector in India. The company was founded in the year 2000 and just 20 years it has become one of the most reliable names in the banking sector. With banking services, this company also offers some of the best-in-class investment products like savings plans, unit-linked insurance plans, wealth plans, and annuity plans.
Planning after retirement life in advance is always beneficial and experts suggest starting it as soon as you start earning. The reason for the same is to secure a financial future after retirement. For maintaining the same lifestyle and for safeguarding self and loved ones from any unforeseen event even after you stop working building sufficient corpus is needed. This can only be possible by investing your hard-earned money in a reliable and beneficial annuity plan.
Annuity plans are the investment plans that help you to build enough corpus by investing regularly so that you get regular income post-retirement. HDFC Life Annuity Plans offer a variety of benefits and features, which are:
Name of the Plan |
Vesting Age |
Entry Age |
Term of the Policy |
Premium Payment Term |
HDFC Life Pension Guarantee Plan |
- |
30 years to 80 years |
- |
Single Pay |
HDFC Life Guaranteed Pension Plan |
55 years to 75 years |
35 years to 65 years |
10 years to 20 years |
5 years, 7 years, and 10 years |
HDFC Life Assured Pension Plan – ULIP |
45 years to 75 years |
18 years to 65 years |
10, 15, and 35 years |
Limited/ Single pay in 8 years, 10 years, and 15 years |
HDFC Life New Immediate Annuity Plan |
- |
30 years to 85 years |
- |
- |
HDFC Life Personal Pension Plus |
55 years to 75 years |
18 years to 65 years |
10 years to 40 years |
Same as the term of the policy |
HDFC Life Click 2 Retire |
45 years to 75 years |
18 years to 65 years |
10 years to 35 years |
Limited or single pay same as that of the term of the policy |
HDFC Life Click 2 Wealth |
99 years |
30 days to 60 years |
99 minus entry age |
10 years to 70 years minus entry age |
It is a single premium annuity plan to offer regular income after retirement. This plan has a wide range of annuity options as well as provides death benefits. The features and benefits of this plan are:
Parameters |
Minimum |
Maximum |
|
Entry Age |
Immediate Life Annuity |
30 years |
85 years |
Immediate Life Annuity with Return of Purchase Price |
30 years |
||
Differed Life Annuity with Return of Purchase Price |
45 years |
||
Pay-out of Annuity in Rs. / Instalment |
Monthly |
1,000 |
No Limit |
Quarterly |
3,000 |
||
Half-Yearly |
6,000 |
||
Yearly |
12,000 |
||
Purchase Price |
Immediate Life Annuity |
Rs. 42,076 |
No Limit |
Immediate Life Annuity with Return of Purchase Price |
Rs. 1, 60, 261 |
||
Differed Life Annuity with Return of Purchase Price |
Rs. 76,046 |
||
Premium Payment Term |
Single Pay |
||
Minimum Group Size (For group plans) |
Five |
This plan is designed to offer financial safety and stability post-retirement by providing a regular source of income with many other amazing features. This plan can be availed only on a single life basis.
Parameter |
Minimum |
Maximum |
Entry Age |
35 years |
65 years |
Term of the Policy |
10 years |
20 years |
Vesting Age |
55 years |
75 years |
Premium Payment Term |
5, 7, and 10 years |
|
Premium Rate |
Rs. 24,000 |
No Limit |
Frequency of Premium Payment |
Monthly/ Quarterly/ Half-Yearly/ Yearly |
This HDFC Life Annuity Plan is a unit-linked investment policy that provides returns that are market-linked with loyalty additions and hence offers a hassle-free post-retirement life. HDFC Life Assured Pension Plan has the potential to provide higher returns and helps you to achieve your retirement goals.
Parameter |
Minimum |
Maximum |
Entry Age |
18 years |
65 years |
Term of Premium Payment |
Limited pay / Single pay (8, 10, and 15 years) |
|
Vesting Age |
45 years |
75 years |
Frequency of Premium Payment |
Monthly, quarterly, half-yearly, annually |
|
Policy Term |
10 years, 15 years, and 35 years |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
It is a non-linked traditional annuity plan that offers financial security for your golden period. HDFC Life New Immediate Annuity Plan offers regular annuity pay-outs. It comes with various features to give financial independence after retirement.
Parameter |
Minimum |
Maximum |
Entry Age |
30 years |
85 years |
Annuity Payment Frequency |
Monthly/quarterly/half-yearly/yearly |
|
Annuity Pay-out per Instalment |
|
|
Monthly |
Rs. 1000 |
No Limit |
Quarterly |
Rs. 3000 |
|
Half-Yearly |
Rs. 5000 |
|
Yearly |
Rs. 10000 |
|
Purchase Price |
Based on the chosen annuity option and age |
HDFC Life Personal Pension Plus is a traditional participating pension plan that offers regular and stable income after retirement from the corpus amount that an investor has invested over years. You can avail of this plan only for self that means it is not available as a joint plan.
Parameter |
Minimum |
Maximum |
Entry Age |
18 years |
65 years |
Policy Term |
10 years |
40 years |
Vesting Term |
55 years |
75 years |
Frequency of Premium Payment |
Single/monthly/quarterly/half-yearly/annually |
|
Annual Premium Amount |
Rs. 24,000 |
No limit |
This is one of the most popular annuity plans offered by HDFC Life to investors who want a good investment option for retirement. It is a unit-linked policy that creates wealth by maximizing investment returns as per the performance of the market.
Parameters |
Minimum |
Maximum |
Entry Age |
18 years |
65 years |
Term of the Policy |
10 years |
35 years |
Vesting Age |
45 years |
75 years |
Premium Payment Term |
|
|
Annual Premium Amount · Single Pay · Regular Pay |
Rs. 50,000 Rs. 25,000
|
No Limit |
Frequency of Premium Payment |
Single/ monthly/ quarterly/ half-yearly/ yearly |
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
HDFC Life Click 2 Wealth is a unit-linked non-participating life insurance policy that provides market-linked returns and provides useful financial protection for your family and you. This plan offers three options and Golden Years Benefit Option provides coverage for your entire life (maximum of 99 years). Upon maturity of the Golden Years plan you get accumulated fund value and the mortality charges are as well added to the fund value when the policy ends that coincides with or immediately follows the 70th birthday of the policyholder.
Parameter |
Minimum |
Maximum |
Entry Age |
30 days |
60 years |
Age at Maturity |
NA |
99 years |
Premium Payment Term |
10 minus entry age |
70 minus entry age |
Premiums |
Half-Yearly Rs. 6000 |
No limit subject to board approved underwriting policy |
Term of the Policy |
99 minus entry age |
These are the annuity plans offered by HDFC Life Insurance Company. You can opt for a policy as per your requirement and suitability.