Guaranteed regular income is available under HDFC Life Insurance’s “Smart Pension Plus Plan”. This is an annuity plan. Two payment options are given.
Pension Plan: A regular income is required after retirement. There are many facilities available for government employees. But the employees and businessmen doing private jobs do not get any such facilities. At present, different insurance companies are running different types of plans. With this objective, HDFC Life Insurance is running “Smart Pension Plus Plan” to make senior citizens financially independent after retirement.
About the plan
Under this plan, customers get guaranteed regular income after retirement. After the death of the investor, the deposited amount goes in the name of the nominee. If you want regular income after retirement, then you can take advantage of this scheme. Four annuity options are offered under the policy. There are two options for payment. Single Pay offers a minimum premium amount of 5000. The second payment mode provides a minimum premium of 30000 annually, 15300 half-yearly, 7800 quarterly and 2625 monthly basis. There is no maximum limit on the premium amount. The minimum annuity amount is Rs.12000 annually, Rs.6000 half-yearly, Rs.3000 quarterly and Rs.1000 monthly.
Benefits of these facilities are available under the plan
Many other facilities are also provided under this plan. Customers can get their policy issued within 24 hours without medical and underwriting requirements. If a person invests once, then he is provided with guaranteed income for the whole life. For more information, you can visit the official website of HDFC Life Insurance.
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