HDFC Life Annuity Rates

What is HDFC Life Annuity?

HDFC Life annuity is a retirement plan that provides a regular stream of income and is designed to provide financial security and stability, especially during retirement years. In these plans, annuitants pay premiums or make a lump-sum payment to secure a life annuity.

Life annuities are divided into two phases:

• The initial phase is known as the accumulation phase or deferral stage, where the individual invests money into the annuity through periodic premiums or a one-time lump-sum payment.

• The subsequent phase is referred to as the distribution or annuitization phase, during which the insurance company or issuer provides the insurer with regular payments usually on a monthly or yearly basis.

Life Annuity Plans can provide peace of mind and can remove concerns about running out of money during retirement.

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HDFC Annuity Calculator

Your Age

Years

18 Years 59 Years

Enter Your Age

Monthly Investment

₹

₹500 ₹10L

Enter Investment Per Month

Expected Return on Investment

%

5% 15%

Expected Return on Investment

Percentage of Corpus Allocated for Pension

%

40% 100%

Enter Corpus Percentage

Expected Return from Pension

%

5% 15%

Enter Annuity Return

₹0

Your Monthly Pension

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₹0

Your Monthly Pension

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Your Pension Calculation

Total Investment

Returns Earned

Maturity Amount

Maturity Amount split (Lumpsum & Pension)

60%

Lumpsum Amount

At the age of 60 Yrs

40%

Pension Wealth

At the age of 60 Yrs

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Best HDFC Life Annuity Plans

1. HDFC Life New Immediate Annuity Plan

   HDFC Life New Immediate Annuity Plan is a Single Premium Non-Participating Non-Linked Annuity Plan designed to provide you with a reliable income source during your retirement.

   The plan offers the following features:

   • Wide range of annuity options to suit your needs.

   • Annuity received as long as you or your partner is alive.

   • Flexible payout options: monthly, quarterly, half-yearly, or yearly.

   • Higher annuity rates for larger Purchase Price.

   • Option for return of Purchase Price on death or critical illness.

   • Banks/financial institutions can purchase immediate annuities for reverse mortgage commitments.

   • Guaranteed lifelong income with the annuity purchase.

   Eligibility Criteria of HDFC Life New Immediate Annuity Plan

   Parameters	Minimum	Maximum
   Entry Age	18 years	99 years
   Annuity payout per frequency	Yearly: Rs.10,000 Half Yearly: Rs. 5,000 Quarterly: Rs. 3,000 Monthly: Rs. 1,000	No limit

   Purchase Price Bands

   Band	Purchase Price
   Band 1	Less than Rs. 250,000
   Band 2	Rs. 2,50,000 to Rs. 4,99,999
   Band 3	Rs. 5,00,000 to Rs. 9,99,999
   Band 4	Rs. 10,00,000 to Rs. 49,99,999
   Band 5	Rs. 5,000,000 and above

   Frequency of Annuity Installment on HDFC Life Annuity Rates

   The HDFC Life annuity plan subscribers are free to choose the annuity pension frequency based on individual financial projections.

   The formula for calculating the installment amount is uniform for the plans, as described below:

   Frequency	Annuity Pension per Frequency
   Semi-Annual	98% (Annual Annuity) X 1/2
   Quarterly	97% (Annual Annuity) X 1/4
   Monthly	96% (Annual Annuity) X 1/12

   

2. HDFC Life Pension Guaranteed Plan

   The HDFC Life pension guaranteed plan is a one-time payment annuity that aims to offer a consistent and assured income throughout your lifetime. The plan provides various annuity choices to cater to individual preferences and requirements.

   Following are the features of HDFC Life Pension Guaranteed Plan:

   • Plan offers a diverse selection of annuity choices to meet your specific requirements.

   • You can choose to have the plan for yourself or as a joint plan with another person.

   • You have the flexibility to receive the annuity payments immediately or at a later date.

   • You can select the frequency of your annuity payments, whether it's monthly, quarterly, half-yearly, or yearly.

   • In the event of your death, there is an option to have the purchase price returned.

   • Banks and financial institutions have the opportunity to purchase immediate annuities to fulfill their obligations to homeowners in reverse mortgage schemes.

   • You have the option to enhance your annuity payouts through the Top Up feature.

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Annuity Options Available 

You can choose any of the following annuity options:

1. Immediate Life Annuity

   The pension payment starts right away after a single premium payment, with no delay.

2. Immediate Life Annuity with Return of Purchase Price 

   The payment begins immediately, and upon the annuitant's death, the original purchase price is returned to their beneficiary as an inheritance.

3. Deferred Life Annuity with Return of Purchase Price 

   The pension payment starts after a specified period, and upon the annuitant's death, the beneficiary receives the original purchase price as an inheritance.

   • Choose between an individual or joint life option.

   • You can receive your payments on a monthly, quarterly, half-yearly, or annual basis.

   • You have the option to select the Return of Purchase Price in the event of the annuitant's passing.

   • The top-up option allows for an increased annuity payout.

Eligibility Criteria HDFC Life Pension Guaranteed Plan

The table below shows the eligibility criteria of the HDFC Life pension guaranteed plan:

Conclusion

HDFC Life Annuity offers a range of annuity plans that provide retirees with financial stability, flexibility, and peace of mind. With its customer-centric approach and strong track record, HDFC Life is a trusted choice for individuals seeking a reliable annuity solution to support their retirement needs.

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