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Product Information
Retirement Plans HDFC Life Guaranteed Pension Plan
Synopsis:
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:

  • 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:

  • 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:
Min-Max entry age 35-65 years
Min-Max age at maturity (vesting) 55-75 years