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IRDAI/I NTAII/BA/51/2018
CIN: U72900KA2018PTC110119

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Single Premium Pension Super Plan

Introduction/Overview HDFC SL Single Premium Pension Super Plan is a Unit Linked Deferred Pension plan with one-time payment option. It ensures high growth through investment in market securities and reasonable annuity payouts. Key Features It is a non-participating Unit Linked plan with Single 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

Product Specification

Policy Details Grace Period: grace period is not applicable for Single Premium mode 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

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Benefits

On Vesting, higher of the accumulated Fund Value or an Assured Benefit of 101% of Single premium paid including top-up premium, if any, will be payable. The benefit can be used to: Purchase another Single Premium Deferred Annuity Plan from the company Commute 1/3rd of the corpus and purchase an Annuity with the remaining 2/3rd part from the company Use the entire corpus to buy an annuity from the company Or extend the Vesting Age by 5 years if age is lower than 55 years On death, higher of the Fund Value or 105% of Single premium paid including top-up premiums if any, is paid to the nominee who can buy an annuity from the proceeds or withdraw the entire amount 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

Buy single premium pension super Policy

Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents.