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HDFC Life Pension Super Plus Plan,is a unit-linked pension plan designed to build an audacious corpus over the policy term so that you can enjoy post-retirement life.It helps you get great returns to enjoy the post retirement life with ease and pride.The plan safeguards your investments after your retirement.BUY NOW
The plan offers Pension Super Plus 2012 for investment under this plan.
On death of the life assured, the nominee will receive the higher of the following:
The minimum death benefit will be at least 105% of the total premiums paid including top-ups premiums.The nominee has an option to take this amount as annuity from the company or to withdraw the proceeds.
Plan matures at the end of the policy term, and your Maturity (Vesting) Benefit will be the higher of the Fund Value or Assured benefit of 101% of all premiums plus top-up premiums paid till date.
Take up to 1/3 of the benefit as tax-free cash lump sum as per the current tax regulations. The rest of the amount must be converted to an annuity at the then prevailing annuity rates. You have to buy the annuity from us as per the prevailing regulation.
Switching & premium re-direction is not available under this plan.
No bonus is available under this plan.
No loan benefit can be availed under this plan.
Upon surrendering the policy with-in the lock-in period of 5 years, the Fund Value (including top-up fund value) less applicable discontinuance charges is credited to the ‘Discontinued Pension Policy Fund’ and it is refunded upon completion of the lock-in period.Upon surrendering the policy after the lock-in period of 5 years, Your fund value will be paid out.
|Age (as on last birthday)||35 Years||65 Years|
|Age at Vesting||55 Years||75 Years|
|Policy Tenure*||10/15 Years||20 Years|
|Premium Paying Term (PPT)||Same As Policy Term||-|
|Premium Paying Mode||Annually, Semi Annually, Quarterly & Monthly||-|
|Regular Premium Amount||Rs 24,000 Annually||No Limit|
|Top up Premium||Rs 10,000 (annually)||No Limit|
|Freelook Period||15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy||-|
|Grace Period||30 Days (15 Days For Monthly Mode)||-|
No rider can be opted under this plan.
Premium Allocation Charges: Premium allocation rate is for Annual policies: 97.5%; Non-Annual policies: 98.75%.11th year onwards 102.5%
Policy Administration Charge: Year 1-5: 0.40% per month of the Annualised Premium Year 6 till the end of policy term: 0.47% per month of the Original Annualised Premium.
Mortality Charges: Mortality Charge is deducted at each monthly anniversary by cancellation of units. It is applied on Sum at Risk based on the age of the life insured.
Fund Management Charges: The Fund Management Charge is 1.35 % p.a. of fund value.
Investment Guarantee Charge: The daily unit price already includes our Investment Guarantee Charge of 0.40% per annum charged daily, of the fund's value.
Discontinuance Charge: This charge is levied, in case the policy is discontinued during the first 4 policy years. This charge is levied as applicable under the policy terms & conditions. For more details, please refer the policy brochure.
Miscellaneous Charge: Any Policy alteration request initiated by policyholder will attract a charge of Rs 250 per request. However, if the request is executed through the company’s web portal the policyholder will be charged Rs 25 per request.
Service Tax: Any service tax/cess on charges will be debited by cancellation of units.
Premiums paid are eligible for tax benefits under Section 80CCC of the Income Tax Act, 1961, subject to the provisions contained therein.