Why go for HDFC Life New Immediate Annuity Plan
A Single Premium Non Participating Non Linked Annuity Plan that offers you various annuity options
Wide range of annuity options to cater to your needs
Option to receive annuity as long as you or your partner is alive.
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 and critical illness
Options for banks/financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes.
Guaranteed income source for life – Annuity once purchased is guaranteed for lifetime
Wide range of annuity options to cater to your needs
Option to receive annuity as long as you or your partner is alive.
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 and critical illness
Options for banks/financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes.
Guaranteed income source for life – Annuity once purchased is guaranteed for lifetime
Your Plan. Your Choice.
Choose from 11 options
Choose Your Annuity Options
- Single Life Annuity Options
- Joint Life (two lives) Annuity Options
Single Life Annuity Options
Single Life Annuity Options
-
The plan options available are as follows:
-
- Life Annuity
- Life Annuity with Return of Purchase Price
- Life Annuity with Return of Balance Purchase Price
- Life Annuity with a Guarantee Period
- Life Annuity with 5% escalation
- Life Annuity with Return of Purchase Price in Parts
- Life Annuity with Return of Purchase Price on diagnosis of Critical Illness
Check If You Are Eligible
Before buying HDFC Life New Immediate Annuity Plan
ELIGIBILITY CRITERIA
Parameters |
Minimum1 |
Maximum |
|
---|---|---|---|
Age at entry (last birthday) |
18 years2 |
Life Annuity with Return of Purchase Price on diagnosis of critical illness: 85 years All Other Options: 99 years |
|
Annuity payout per frequency |
Yearly |
₹ 10,000 |
No limit |
Half-yearly |
₹ 5,000 |
||
Quarterly |
₹ 3,000 |
||
Monthly |
₹ 1,000 |
- 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.
- 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.
Not sure which insurance to buy?
Talk to an
Advisor right away
We help you to choose best insurance plan based on your needs
T&C
- The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed once the policy has been purchased.
ARN : PP/07/24/13615