HDFC Pension Super

Today, you are busy climbing the ladder of success and realizing your dreams. Today, time is with you. Just take a moment and think. Will your income be the same forever? Will you be able to live life on your own terms even after you retire? The HDFC Pension Super is Unit Linked plan, designed to provide a post-retirement income for life with the freedom to choose your retirement date. This plan gives you with an outstanding investment opportunity to maximise your savings by providing you a choice of thoroughly researched and selected investments. This plan also gives Bumper Addition to the fund value at vesting.

 

Features

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Advantages

• This plan is designed to provide you a post retirement income for life – You can choose your premium and your retirement date. You will receive the accumulated value of your funds, which will be used to provide you with the pension income in your golden years
• On Maturity (Vesting) your fund value will be augmented by Bumper Addition. Bumper addition is a percentage of your original annualized premium and depends on your policy term chosen at inception
• On your chosen retirement (Vesting) date, you will get the value of the units in your policy. As per prevailing Government regulations;

o        You can take up to 1/3rd of the total benefit at Vesting (fund value + Bumper Addition) as a tax-free cash lump sum

o        The rest must be converted to annuity

o        You can buy the annuity from us or any other insurer

• In the long term, the key to building great maturity values is a low Fund Management Charge (FMC). We have a low FMC of only 1.25% per annum (of the fund's value)
• If you have not opted for AAO (Asset Allocation Option), you can change your investment fund choices in two ways:

o        Switching: You can move your accumulated funds from one fund to another anytime

o        Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need

• You can choose to pay your premium as either Monthly (through Standing Instructions or ECS Mandate), Half yearly or Annually. You also have a range of convenient auto premium payment options
• Tax benefits under sections 80CCC of the Income Tax Act, 1961 subject to the provisions contained therein

For more details on risk factors, terms and conditions, please read the Product Brochure carefully and/or consult Financial Consultant before taking a decision.