HDFC Life Pension Guaranteed Plan

For most people, financial freedom is their ultimate goal. Everyone wants to relax in retirement after years of laborious work, and buying an annuity is a wise method to guarantee a steady income stream after retirement. Some of the exclusive features of this insurance plan include:

Key Benefits

To assure a guaranteed income for the duration of your/your partner's life, you can choose to enroll in the plan on a Single or Joint Life basis.
Get the choice to receive an immediate or deferred annuity.
Flexibility of monthly, quarterly, half-yearly, or annual annuity payments.

Here are some advantages of this insurance plan:

Option of Return of Purchase Price in case of death
Options for banks and other financial institutions to purchase instant annuities in exchange for annuity payments for their obligations to homeowners under reverse mortgage schemes