HDFC life Insurance plans

HDFC Life Pension Guaranteed Insurance

Everybody loves monetary autonomy, to appreciate and carry on with an agreeable way of life. There is no motivation behind why these should stop after retirement. After every one of the long periods of difficult work, cash ought not be the worry for you to choose how you would spend your retirement. A savvy approach to guarantee a normal revenue stream post retirement is purchasing an Annuity plan.
HDFC Life Pension Guaranteed Plan is a solitary premium annuity item which gives an ordinary ensured pay to lifetime.
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HDFC Life insurance review

HDFC Life Insurance plans
Distribution - Number of branches pan India (March 2019)
412
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
5/67
Solvency Ratio (FY 2018-19) *
1.88
Number of Policies Sold (Ind+Group) *
897,693
Number of Lives Covered (Ind+Group) **
61,258,962
Claims Settlement Ratio (Ind+Group) ***
99.29%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Tata AIA Life Pension Guaranteed Insurance Overview

  • Key Features
  • Eligibility

Key Features of Tata AIA Life Pension Guaranteed Insurance

You can pick any of the accompanying annuity alternatives at commencement. Plan alternative once chose can't be changed.
  1. Immediate Life Annuity
  2. Immediate Life Annuity with Return of Purchase Price
  3. Deferred Life Annuity with Return of Purchase Price
  • The item is accessible on a solitary life just as joint life reason for all alternatives. The Primary Annuitant will be the essential individual qualified for get the payouts, while the Secondary Annuitant will be qualified for get the annuities, if so selected, in case of death of the Primary Annuitant, if appropriate.
  • In a Joint Life annuity, the auxiliary annuitant can be the mate/youngster/parent/parent-in-law or kin of the essential annuitant. Different connections perhaps considered as long as there is an insurable interest1 between the annuitants.
Allow us to take a gander at the advantages and highlights accessible under various arrangement alternatives exhaustively.

Eligibility Criteria of Tata AIA Life Pension Guaranteed Insurance

Minimum Maximum
Entry age (Last Birthday) Immediate Life Annuity: 30 years
Immediate Life Annuity with Return of Purchase Price: 30 years
Deferred Life Annuity with Return of Purchase Price: 45 years
85 years

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025