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Why HDFC Life Saral Pension?

A Single Premium Non-Participating Non-Linked Individual Immediate Annuity Plan that provides regular income for whole of life.

1. 95% Surrender value is provided on diagnosis of critical illnesses. The list of critical illnesses may be revised from time to time by the authority as needed.

  • Single & Joint Life annuity options to cater to your needs

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

  • Benefit of higher annuity rates for large purchase price.

  • Return of Purchase Price option on death

  • Surrender value on diagnosis of critical illness1

  • Guaranteed income source for life – Annuity once purchased is guaranteed for lifetime

1. 95% Surrender value is provided on diagnosis of critical illnesses. The list of critical illnesses may be revised from time to time by the authority as needed.

Your Plan. Your Benefits

Flexibility to choose for Single or Joint life

View the benefits under Single or Joint life Annuity option

  • Single Life Annuity Option
  • Joint Life (two lives) Annuity Option

Single Life Annuity Option

Life Annuity with Return of 100% of Purchase Price

Annuity for as long as Annuitant is alive

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Check Your Eligibility

Before buying HDFC Life Saral Pension

ELIGIBILITY CRITERIA

Eligibility Criteria

Minimum

Maximum

AGE AT ENTRY (LAST BIRTHDAY)

40 years

80 years

 

 

Single Life

Joint Life

 

PURCHASE PRICE YEARLY

₹ 2,23,048

₹ 2,22,635

No Limit

HALF-YEARLY

₹ 2,26,560

₹ 2,26,140

QUARTERLY

₹ 2,28,416

₹ 2,27,992

MONTHLY

₹ 2,29,592

₹ 2,29,166

ANNUITY PAYOUT PER FREQUENCY YEARLY

₹ 12,000

No Limit

HALF-YEARLY

₹ 6,000

QUARTERLY

₹ 3,000

MONTHLY

₹ 1,000

 

The Premium/Purchase Price excludes taxes and levies as applicable.

Higher Annuity For Large Purchase Price

Band

Purchase Price (Excluding GST)

BAND 1

Less than ₹ 2,00,000

BAND 2

₹ 2,00,000 to ₹ 4,99,999

BAND 3

₹ 5,00,000 to ₹ 9,99,999

BAND 4

₹ 10,00,000 to ₹ 24,99,999

BAND 5

₹ 25,00,000 and above

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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 a question?

We’ll tell you everything you need to know about HDFC Life Saral Pension

1 What are the annuity options available under this plan?

Single Life Annuity Options

Joint Life (two lives) Annuity Options

Life Annuity with Return of 100% of Purchase price (ROP)

Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor

2 Can I change my annuity option after purchasing the policy?

3 What is a single life annuity option?

4 What is a joint life annuity option?

5 Who is a primary and secondary annuitant?

Primary Annuitant refers to the individual, the events in the life of whom are of primary importance in affecting the timing or amount of the payout under the contract.

Secondary Annuitant for the purpose of joint life contracts will refer to the Spouse

6 Is a policy loan available under this plan?

Policy Loan is allowed under this plan.

7 Are surrender benefits available under this policy?

Surrender benefits may be availed on diagnosis of critical illness of the annuitant or the spouse or any of the children of the annuitant. For more details please refer the product brochure

8 What are the tax benefits under this plan?

Tax Benefits may be available as per prevailing tax laws. You are requested to consult your tax advisor.

9 Is maturity benefit available under this policy?

HDFC Life Saral Pension is an immediate annuity product and hence no maturity benefit is available in this product.

T&C* 

  1. The word guaranteed means that the annuity payout is fixed at the inception of the policy
  2. In the case of Joint Life annuities the payout continues till either of the lives chosen in the policy is alive.

ARN: EU/07/21/24478