Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents.
On Vesting, higher of the accumulated Fund Value or Assured Benefit of 101% of premiums paid will be payable. The benefit can be used to: Purchase a Single Premium Deferred Annuity Plan from the company Commute 1/3rd of the corpus and purchase an Immediate Annuity with the remaining 2/3rd part from the company On death, higher of the Fund Value or total Premiums paid including top-up premiums accumulated at a guaranteed rate of 6% p.a. till death is payable subject to a minimum of 105% of all premiums paid including top-up premiums till death Income tax benefit on the premium paid as per Section 80CCC and on the commuted part as per Section 10(10A) of the Income Tax Act. Death Benefit is exempted under Section 10(10D) of the Income Tax Act
Policy Details Grace Period: 15 days grace period is allowed in monthly mode and 30 days in other modes. Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges. The Surrender Value should be used to receive annuity under the same options as on vesting. Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Exclusions There are no exclusions under the plan Inclusions Top-ups can be done subject to a minimum of Rs.10,00 to increase the Fund Value Additional Features or Riders From the 11th year onwards, premiums paid are allocated @ 102.5% of the amount paid thereby resulting in the extra allocation of premiums
Introduction/Overview HDFC SL Pension Super Plus Plan is a Unit Linked Pension plan with high growth potential and annuity payouts through market participation. Key Features It is a non-participating Unit Linked plan with Regular premium payment option 101% of premiums paid including top-up premiums paid is guaranteed on Vesting thereby reducing the impact of market risk The premiums paid net of charges is invested in Pension Super Plus 2012 Fund
Introduction/Overview HDFC SL Pension Super Plus Plan is a Unit Linked Pension plan with high growth potential and annuity payouts through market participation. Key Features It is a non-participating Unit Linked plan with Regular premium payment option 101% of premiums paid including top-up premiums paid is guaranteed on Vesting thereby reducing the impact of market risk The premiums paid net of charges is invested in Pension Super Plus 2012 Fund
Introduction/Overview HDFC SL Pension Super Plus Plan is a Unit Linked Pension plan with high growth potential and annuity payouts through market participation. Key Features It is a non-participating Unit Linked plan with Regular premium payment option 101% of premiums paid including top-up premiums paid is guaranteed on Vesting thereby reducing the impact of market risk The premiums paid net of charges is invested in Pension Super Plus 2012 Fund
Introduction/Overview HDFC SL Pension Super Plus Plan is a Unit Linked Pension plan with high growth potential and annuity payouts through market participation. Key Features It is a non-participating Unit Linked plan with Regular premium payment option 101% of premiums paid including top-up premiums paid is guaranteed on Vesting thereby reducing the impact of market risk The premiums paid net of charges is invested in Pension Super Plus 2012 Fund
Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents.
On Vesting, higher of the accumulated Fund Value or Assured Benefit of 101% of premiums paid will be payable. The benefit can be used to: Purchase a Single Premium Deferred Annuity Plan from the company Commute 1/3rd of the corpus and purchase an Immediate Annuity with the remaining 2/3rd part from the company On death, higher of the Fund Value or total Premiums paid including top-up premiums accumulated at a guaranteed rate of 6% p.a. till death is payable subject to a minimum of 105% of all premiums paid including top-up premiums till death Income tax benefit on the premium paid as per Section 80CCC and on the commuted part as per Section 10(10A) of the Income Tax Act. Death Benefit is exempted under Section 10(10D) of the Income Tax Act
Policy Details Grace Period: 15 days grace period is allowed in monthly mode and 30 days in other modes. Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges. The Surrender Value should be used to receive annuity under the same options as on vesting. Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Exclusions There are no exclusions under the plan Inclusions Top-ups can be done subject to a minimum of Rs.10,00 to increase the Fund Value Additional Features or Riders From the 11th year onwards, premiums paid are allocated @ 102.5% of the amount paid thereby resulting in the extra allocation of premiums
