HDFC Life Aajeevan Growth Nivesh & Income (AGNI)

Salient Features

Non-linked, non-participating individual annuity savings plan.
Offers guaranteed lifetime annuity income with the potential for market-linked returns.
Income options linked to the NIFTY 50 Index under the Variable Annuity option.
Multiple annuity options, including Return of Purchase Price variants.
Flexible annuity payout frequencies, from monthly to yearly.
Available under both Single Life and Joint Life options.
Liquidity features include surrender, loan, and annuity advance options, subject to the policy terms.
Designed to provide a regular retirement income with the potential for long-term growth.

T&C Apply.

Know More About HDFC Life Aajeevan Growth Nivesh & Income (AGNI)

About HDFC Life Aajeevan Growth Nivesh and Income (AGNI)
Plan Benefits
Additional Benefits
Eligibility & Plan Details
Disclaimer

About HDFC Life Aajeevan Growth Nivesh and Income (AGNI)

HDFC Life Aajeevan Growth Nivesh and Income (AGNI) is a Non-Participating, Non-Linked, General Annuity, Individual Savings Plan designed to provide a regular income throughout your lifetime. The plan combines guaranteed annuity income with the potential for market-linked growth through exposure to the NIFTY 50 Index, helping you build a financially secure retirement.

Plan Benefits

Guaranteed Lifetime Income: Receive a regular annuity for life, with the potential for higher payouts linked to the performance of the NIFTY 50 Index, under the Variable Annuity option.
NIFTY 50 Benchmark-Linked Growth: Under the Variable Annuity option, your annuity income is linked to the performance of the NIFTY 50 Index, offering the potential for market-linked growth.
Three Annuity Options: Choose the option that best suits your retirement needs:
- Life Annuity
- Life Annuity with Return of Purchase Price
- Variable Annuity with Return of Purchase Price
Simple and Transparent: The plan does not require fund selection or switching, making it easy to understand and manage.

Additional Benefits

Smart Legacy Option: Where a death benefit is payable, the nominee can choose to receive the death benefit in instalments over 2 to 15 years (monthly, quarterly, half-yearly, or annually) instead of as a lump sum.
Annuity Advance Option: Access funds easily through the Annuity Advance option, subject to the policy terms and conditions.

Eligibility & Plan Details

The plan is available to individuals looking for a general annuity solution.

It can also be purchased as a QROPS/QOPS (Qualifying Recognised Overseas Pension Scheme) using the transfer of UK tax-relieved assets, provided the annuitant meets the minimum entry age of 55 years.

Plan Details

Parameter	Details
Entry Age	Minimum: 40 years (55 years if purchased as QROPS/QOPS) Maximum: 75 years
Vesting Age (Maturity Age)	Not applicable, as this is a whole life annuity plan.
Policy Term	Whole Life

Instalment Premium (Minimum)

The plan is available only under the Single Pay option.

Plan Options A & B: Minimum premium of ₹50,000.
Plan Option C: Minimum premium of ₹5,00,000.
Maximum Premium: No upper limit, subject to the Board Approved Underwriting Policy (BAUP).

Premium Payment Term (PPT)

Not applicable, as the plan is available only under the Single Pay option.

Sum Assured on Death
- Life Annuity: No death benefit is payable.
- Life Annuity with Return of Purchase Price: 100% of the Purchase Price is paid to the nominee.
- Variable Annuity with Return of Purchase Price: 100% of the Purchase Price, along with the Variable Pay-out Death Benefit (if applicable), is paid to the nominee.

Disclaimer

Please understand the associated risks and applicable charges by referring to the policy document or consulting your insurance agent or intermediary before purchasing the policy.