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We work throughout our lives because we all have dreams to realise; we all seek success. Yet in these sunny days of hard and fruitful work, take aside a moment to think of the future. Not just of one odd rainy day, but of post retirement when the money might not flow in. Will you be able to live life on your own terms even after you retire?
The HDFC Pension Supreme is a Unit Linked plan designed to provide a post-retirement income for life. It offers you the freedom of retiring whenever you want. With a choice of thoroughly researched investments, you get an outstanding opportunity to maximize your savings. This plan also gives Bumper Addition to the fund value at vesting.
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Features |
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Choose when to Retirement: This plan gives you the flexibility to structure an ideal plan for your retirement years by giving you the flexibility to plan your retirement date |
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Choice of Funds: Choice to invest in any of 7 funds depending on your risk appetite:
- Liquid Fund II
- Stable Managed Fund II
- Secure Managed Fund
- Defensive Managed Fund II
- Balanced Managed Fund II
- Equity Managed Fund II
- Growth Fund II
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Age Limits: The minimum entry age is 18 years and maximum age is 65 years. At Retirement (Vesting), the minimum age limit is 50 years and maximum age limit is 75 years |
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Bumper addition:
50% of original annualised premium for 10 years, 100% of average
annualised premium for 11years + term |
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Term Limits: The minimum term for this plan is 10 years and maximum term is 40 years |
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Asset Allocation Option: You can make your investment strategy by choosing from the 7 funds given above or opt for an Asset Allocation Option (AAO). In this, the funds will be managed as per the allocation pattern under one of 3 AAO variants (any one to be chosen by you at proposal stage) :
- Cautious
- Moderate
- Aggressive
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Benefits |
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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 |
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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 |
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On your chosen retirement (Vesting) date, you will get the value of the units in your policy, as per prevailing Government regulations;
- You can take up to 1/3rd of the total benefit at Vesting (fund value + Bumper Addition) as a tax-free cash lump sum
- The rest must be converted to annuity
- You can buy the annuity from us or any other insurer
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This plan has a Fund Management Charge(FMC)
of only 1.25% per annum (of the fund’s value) |
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If you have not opted for AAO (Asset Allocation Option), you can change your investment fund choices in two ways:
- Switching: You can move your accumulated funds from one fund to another anytime
- Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need
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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 |
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Disclaimer:
The name of the company 'HDFC Standard Life Insurance Co. Ltd.' & plan 'HDFC Pension Supreme" Form No is P501-69, UIN 101L055V01.' do not, in any way, indicate the quality of the plan, its future prospects or returns. All Unit Linked Life Insurance Plans are different from traditional insurance plans & are subject to different risk factors. In 'HDFC Pension Supreme' plan the investment risk in your chosen investment portfolio is borne by you. Please acquaint yourself with the associated risks and the applicable charges from our Relationship Manager/Product Brochure/Policy Document of the insurer. This product is underwritten by HDFC Standard Life. For more details on the risks factors, terms & conditions please read the sales brochure carefully before concluding a sale. Registration No: 101.Certified Corporate Agent's License No. 933982.
Insurance is the subject matter of the solicitation.
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