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  • HDFC Life ClassicAssure PlusInvestment

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Why go for HDFC Life New Immediate Annuity Plan

A Single Premium Non Participating Non Linked Annuity Plan with guaranteed1 returns and death benefit

Why go for HDFC Life New Immediate Annuity Plan
  • Multiple plan options for Single Life Annuity and Joint Life Annuity to choose from

  • Benefit of higher annuity rates for large purchase price

  • Return of Purchase Price option on death and critical illness

  • Option to receive annuity monthly, quarterly, half-yearly or yearly

  • Option for banks/financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes.

  • Multiple plan options for Single Life Annuity and Joint Life Annuity to choose from

  • Benefit of higher annuity rates for large purchase price

  • Return of Purchase Price option on death and critical illness

  • Option to receive annuity monthly, quarterly, half-yearly or yearly

  • Option for banks/financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes.

Why go for HDFC Life New Immediate Annuity Plan
  1. The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed once the policy has been purchased.
  1. The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed once the policy has been purchased.

Choose right to meet your goals

Choose from our 11 options

Choose Your Annuity Options

Single Life Annuity Options

Joint Life (two lives) Annuity Options

Without Return of Purchase Price

(Enjoy annuity payout as per the frequency chosen)

Check Eligibility Criteria

Before buying HDFC Life New Immediate Annuity Plan

ELIGIBILITY CRITERIA

    Eligibility Criteria

Minimum1

Maximum

ENTRY AGE

18 years2

Life Annuity with Return of Purchase Price on diagnosis of critical illness: 85 years

All Other Options: 99 years

YEARLY ANNUITY PAYOUT

₹ 10,000

No Limit

HALF YEARLY ANNUITY PAYOUT

₹ 5,000

No Limit

QUARTERLY ANNUITY PAYOUT

₹ 3,000

No Limit

MONTHLY ANNUITY PAYOUT

₹ 1,000

No Limit



1. Annuity payout below this value will only be offered:

  • Where the proceeds are from a contract issued or administered by HDFC Life Insurance Company Limited where compulsory purchase of an annuity is required.
  • To the subscribers of the National Pension System (NPS) regulated by the Pension Fund Regulatory and Development Authority (PFRDA)

2. Annuitant(s) below 18 years of age will only be accepted where the proceeds are from an insurance contract issued or administered by the Company or Employer-Employee cases in case of Superannuation Schemes, where compulsory purchase of an annuity is required or at Company's discretion in case of special situations involving Government schemes, employees or beneficiaries. If this product is to be purchased as QROPS (Qualifying Recognized Overseas Pension Scheme), through transfer of UK tax relieved assets, it would be offered only to customers who are 55 years of age or above (as on last birthday)

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