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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

  1. The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed once the policy has been purchased.
  • 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.

  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)

Talk to an Advisor

Check If You Are Eligible

Before buying HDFC Life New Immediate Annuity Plan

ELIGIBILITY CRITERIA

    Eligibility Criteria

Minimum

Maximum

ENTRY AGE

20 years1

85 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. Annuitants below this age will be accepted where proceeds are from a contract issued or administered by HDFC Life Insurance Company Limited where compulsory purchase of Annuity is required. 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).

Age has to be taken as of "last birthday" basis.

Get to know Retirement plans better!

Tune in to this video to know about our Retirement Plans.


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Personal details

Years
Years

Financial details

Your Required life cover to protect your family’s future is

0

The values shown here are only for illustration. The results are generated based on the information provided. It is not intended to be and must not alone be taken as the basis for an investment decision.

Have questions about retirement planning?

We’ll tell you everything you need to know about HDFC Life New Immediate Annuity Plan

1 How does an annuity plan work?

  • Annuity plans are pension products, If you want to invest your hard-earned money to meet long-term retirement needs, then an annuity product may be the answer.
  • In an annuity plan, a person pays either a lump sum amount or regular installments in the given period to get regular payments or payouts as long as he/she lives or for a pre-specified fixed period. 
  • The insurance companies invest your money and pay back the income generated as payouts when you retire. The annuity plan covers your financial risk by helping you get a regular payment in your sunset years for a comfortable living.  

2 When should I buy an annuity?

3 What is the rate of return in an annuity?

4 How much do I need to invest in annuity?

T&C*

  1. The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed once the policy has been purchased.

ARN: EU/07/21/24439