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A Non-Participating, Non-Linked, General Annuity, Individual, Saving Plan
HDFC Life Aajeevan Growth Nivesh and Income
HDFC Life Aajeevan Growth Nivesh and Income
UIN: 101N209V01Key Product Features:
Income Growth: Linked to Nifty50 benchmark
Guaranteed* and Variable Annuity Income for whole of life
One plan catering to both Single and Joint Life
Why HDFC Life Aajeevan Growth Nivesh and Income is redefining retirement security in India?
A Non-Participating, Non-Linked, General Annuity, Individual, Saving Plan
Guaranteed Annuity Income for life* with option to combine Nifty50 benchmark linked upside for higher growth
Nifty50 linked benchmark growth^: Your investment is linked to the Nifty50 benchmark India’s top 50 companies.
Flexible Payout Options:
Lump Sum Variable Annuity pay-out
Lifetime Variable Annuity pay-out
Choice of 3 annuity options:
A. Life Annuity
B. Life Annuity with Return of Purchase Price
C. Variable Annuity with Return of Purchase Price (linked to Nifty50 benchmark)
Simple & Transparent: No complex funds. No switching needed. No surprises.
One plan for Single Life and Joint Life Option
Minimum of 90% of purchase price remains accessible through surrender value
Guaranteed Annuity Income for life* with option to combine Nifty50 benchmark linked upside for higher growth
Nifty50 linked benchmark growth^: Your investment is linked to the Nifty50 benchmark India’s top 50 companies.
Flexible Payout Options:
Lump Sum Variable Annuity pay-out
Lifetime Variable Annuity pay-out
Choice of 3 annuity options:
A. Life Annuity
B. Life Annuity with Return of Purchase Price
C. Variable Annuity with Return of Purchase Price (linked to Nifty50 benchmark)
Simple & Transparent: No complex funds. No switching needed. No surprises.
One plan for Single Life and Joint Life Option
Minimum of 90% of purchase price remains accessible through surrender value
*Life Annuity and Life Annuity with Return of Purchase Price is fully guaranteed annuity option. Annuity rate is fixed once the policy has been purchased and shall remain the same for the duration of the policy. Amount of guaranteed income will depend upon premiums paid subject to applicable terms and conditions. These 2 options are not linked to Nifty50 benchmark
^In Option C, Variable Annuity with Return of Purchase Price, 60% of Purchase Price contributes towards guaranteed annuity and remaining is linked to Nifty 50 benchmark
*Life Annuity and Life Annuity with Return of Purchase Price is fully guaranteed annuity option. Annuity rate is fixed once the policy has been purchased and shall remain the same for the duration of the policy. Amount of guaranteed income will depend upon premiums paid subject to applicable terms and conditions. These 2 options are not linked to Nifty50 benchmark
^In Option C, Variable Annuity with Return of Purchase Price, 60% of Purchase Price contributes towards guaranteed annuity and remaining is linked to Nifty 50 benchmark
Your Plan, Your Benefits.
Check your guaranteed benefits
- Plan Options
- Survival Benefits
- Death Benefit
- Additional Options/ Benefits
Plan Options
Plan Options
-
Annuity Options and Benefits in detail: You can choose any of the following annuity options at inception.
a) Life Annuity
b) Life Annuity with Return of Purchase Price
c) Variable Annuity with Return of Purchase Price
-
Disclaimer :
The investment risk is partially borne by the policyholders or annuitants in case of variable annuity pay-out option. Annuity products with variable annuity pay-out option are different from the traditional insurance products and are subject to the risk factors. The annuity offered under the annuity policies with variable annuity pay-out option are subject to investment risks associated with capital markets and publicly available index. The annuity amount may go up or down based on the factors influencing the capital market / publicly available index and the insured is responsible for his/her decisions.
Check Eligibility Criteria
(Applicable for Individuals and Group both)
ELIGIBILITY CRITERIA
Plan at a glance (Eligibility Criteria for other than POSP Channel):
| Minimum Age at Entry* (last birthday) |
Age (in years) | ||
Plan Option |
SL/Primary Annuitant (in case of JL) |
Secondary Annuitant (in case of JL) |
|
| Life Annuity | Single Pay: 40 years |
||
| Life Annuity with Return of Purchase Price | |||
| Variable Annuity with Return of Purchase Price | |||
Annuitant(s) below this age will only be accepted where the proceeds are from a contract issued or administered by HDFC Life Insurance Co. Ltd. where compulsory purchase of an annuity is required. If this product is purchased as QROPS/QOPS through transfer of UK tax relieved assets, the minimum entry age will be 55 years. |
|||
Maximum Age at Entry* |
Age (in years) | ||
Plan Option |
SL/Primary Annuitant (in case of JL) |
Secondary Annuitant (in case of JL) |
|
| Life Annuity | Single Pay 75 Years |
||
| Life Annuity with Return of Purchase Price | |||
| Variable Annuity with Return of Purchase Price | |||
| Policy Term | Whole Life | ||
Premium Payment Term |
Option | Single Life | Joint Life |
| Life Annuity | Single Pay |
||
| Life Annuity with Return of Purchase Price | |||
| Variable Annuity with Return of Purchase Price | |||
| Minimum/Maximum Deferment Period | Not Applicable | ||
| Minimum Premium Amount | For Plan option A and B: Single Pay (SP) : Rs. 50,000 For Plan option C : Single Pay (SP): Rs. 5,00,000 Under Plan Option C, the minimum guaranteed annuity amount, will be subject to the above minimum annuity amount. |
||
| Maximum Premium Amount | No Limit (subject to Board approved underwriting policy) | ||
| Minimum Annuity Amount | Rs. 12,000 (Annual) | Rs. 6,000 (Half-Yearly) | Rs. 3,000 (Quarterly) | Rs. 1,000 (Monthly) | ||
| Maximum Annuity Amount | No Limit (subject to Board approved underwriting policy) | ||
| Annuity Payout Mode | Yearly, Half-Yearly, Quarterly & Monthly | ||
Note :
1. Under Plan Option C -Variable Annuity with Return of Purchase Price – Monthly mode of annuity payout is not allowed
2. The plan can also be purchased online via company website www.hdfclife.com
*All ages are calculated as at last birthday. Risk cover starts from date of commencement of policy for all lives.
Frequently Asked Questions
What is HDFC Life Aajeevan Growth Nivesh and Income?
Aajeevan Growth Nivesh and Income is a traditional, Non-Participating, Non-Linked, General Annuity, Individual, Saving Plan from HDFC Life. It offers guaranteed income for life with the added potential of income growth linked to NIFTY50 benchmark
What annuity options can I choose?
You can select from three annuity types:
Life Annuity
Life Annuity with Return of Purchase Price
Variable Annuity with Return of Purchase Price
What payment frequencies are available?
Receive your annuity in your preferred mode:
Monthly (not available in Variable Annuity with Return of Purchase Price)
Quarterly
Half-yearly
Yearly
Does Aajeevan Growth Nivesh and Income cover single and joint lives?
Yes, Aajeevan Growth Nivesh and Income offers both Single Life and Joint Life options, where payouts continue as long as at least one annuitant lives.
What death benefits are included?
Depending on your option:
Option B: Life Annuity with Return of Purchase Price—nominee receives 100% of the purchase price upon death.
Option C: Variable Annuity with Return of Purchase Price—nominee receives 100% of the purchase price plus any variable death benefit (if applicable).
Can I withdraw funds or take a loan against Aajeevan Growth Nivesh and Income?
Yes, Aajeevan Growth Nivesh and Income offers:
Policy Loan Facility (up to 80% of the surrender value under Options B & C)
Advance Annuity Option (to take up to 5 years of future guaranteed annuity component if needed)
What are the tax benefits under the plan?
Tax benefits shall be available as per the prevailing tax laws. Please contact your tax consultant for specific details. Tax laws are subject to change from time to time.
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99.68% Claim Settlement Ratio
For FY 2024-2025
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Disclaimer: By submitting your contact details, you agree to HDFC Life's Privacy Policy and authorize ...Read More
99.68% Claim Settlement Ratio
For FY 2024-2025
~5 Cr. Number Of Lives Insured
For FY 2024-2025
Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer.
ARN: PP/01/26/30211
