Hi All,

     HDFC Life has very recently announced the launch of two pension plans based

on the latest IRDA regulations. HDFC Life Pension Super Plus is a regular

premium unit linked plan whereas HDFC Life Single Premium Pension Super is a

single premium unit linked plan.

I would very much like to know if taking a plan like this alongside building a robust

SIP portfolio is a good way to try and secure long term financial stabiliy.

Both these plans offer assured benefit on death and vesting. HDFC Life Pension

Super Plus offers assured death benefit of total premiums paid to date

accumulated at a guaranteed rate of 6% per annum and an assured vesting

benefit of 101% of total premiums paid. HDFC Life Single Premium Pension

Super offers assured benefit of 101% of total premiums paid on death and

vesting.

HDFC Life has also launched a traditional annuity plan, HDFC Life New

Immediate Annuity Plan. As per IRDA’s new guideline, customers need to

purchase immediate annuity from the proceeds of the Pension Plan from the

same company.

HDFC Life Pension Super Plus details:

Policy terms: 10/15/20 years

Entry age:

• Minimum is 35 years
• Maximum is 65 years

• Age at vesting:  Minimum is 55 years  Maximum is 75 years Premium details: Frequency: Minimum Regular Premium: Annual: Rs. 24,000, Half-Yearly: Rs 12,000,  Quarterly: Rs 6,000 per quarter Monthly: Rs 2,000. Top up Premium: Rs 10,000 Total top-up premiums paid into the policy can be up to a maximum of  the total regular premiums paid till date. Benefit of Assured Maturity (Vesting) Value – At the end of the  policy term, you will receive higher of the following Fund Value or Assured benefit of 101% of all premiums including top-up  premiums paid till date Your maturity (vesting) benefit will be used to provide you  with guaranteed regular income i.e. an annuity, which you  have to purchase from us. Opportunity to build corpus for post retirement income –  Your premium will be invested in exclusive fund which  will allocate assets dynamically between equities and fixed  income assets. Benefits on maturity (vesting) – At vesting, you have to  purchase an annuity from us. You can choose from a range of  annuity options. You will get guaranteed income for life for  yourself and your spouse. You also have the option to commute  up to 1/3rd of the benefit at vesting tax free.  Benefit on death – In the event of demise during the policy  term, your nominee will receive the death benefit which will  provide the much needed financial assistance. Thank You, SD