Quote Form

Our representative will call you within few minutes
Investment Plans 1526 views August 25, 2020
Most of the individuals look for an investment for their future when they enter in the forties. The retirement age for most of the individuals is between 55 years to 60 years. So, if you make an investment in the forties then you can accumulate a large amount of funds when you reach your retirement age. Therefore you can explore the HDFC Life Single Premium Pension Super Plan that is a unit-linked plan. It includes the payment of only a single premium amount and you will not have to compromise your lifestyle even after your retirement. The minimum age of entry in this plan is 40 years that is a good age to start an investment. Let’s explore all the details of this plan.
Table of Contents
Here are some of the exclusive benefits of this plan that might amaze you. You can explore all the benefits in detail and see how it will help you to live your life happily after retirement.
If the insured survives the policy term successfully then he is entitled to receive the Maturity Benefit and it will be highest of the following:-
Assured Benefits of 101% of the Single Premium that was paid at the time of inception of the policy.
In case of unfortunate death of the insured the nominee is entitled to receive the highest of the following:-
The nominee is allowed to take the benefits as an annuity or he can also take the entire sum of money at once.
The company allows you to surrender the policy in case of an emergency. There are two conditions for surrendering the HDFC Life Single Premium Pension Super Plan.
You will also get tax benefits while you are computing your income. The Tax Benefit will as per the existing tax laws in India. You will enjoy deductions by showing the premium amount that you have invested in the plan.
The company will give you a free-look period of 15 days if you have purchased the policy from the company. Your free-look period will increase to 30 days if you have purchased the policy through distance marketing. In the free-look period, you are allowed to return the policy if you don’t find it interesting.
You can see the details of the fund in which your single-premium amount will be invested.
Particulars | Details |
---|---|
Policy Term | 10 Years |
Minimum Age of Entry | 40 Years |
Maximum Age of Entry | 75 Years |
Minimum Age at Maturity | 50 Years |
Maximum Age Maturity | 85 Years |
Minimum Single-Premium Amount | Rs.25000 |
Maximum Single-Premium Amount | No Limit |
Minimum Top-Up Premium Amount | Rs.10000 |
Maximum Top-Up Premium Amount | No Limit |