HDFC Life Systematic Income Plan

• Annuity Benefit: Receive a series of guaranteed annuity payments at your chosen payout frequency—Monthly, Quarterly, Half-Yearly, or Yearly.
• Payout Options: Choose the annuity option that best aligns with your retirement income needs.
• Life Annuity: Receive annuity payments for as long as the annuitant(s) is/are alive.
• Life Annuity with Return of Purchase Price: Receive a lifetime annuity, with the assurance that 100% of the Purchase Price will be returned to the nominee upon the annuitant's death.
• Variable Annuity with Return of Purchase Price: Receive a guaranteed annuity along with a variable component linked to the performance of the NIFTY 50 Index, while ensuring the return of the Purchase Price to the nominee.
• Survival Benefit: Annuity payments continue for as long as the annuitant (or the surviving annuitant under the Joint Life option) is alive.
• Death Benefit: The applicable death benefit is payable on the death of the Life Assured under the Single Life option or the last surviving annuitant under the Joint Life option.

• Annuity Advance Option: Provides the flexibility to receive annuity payments in advance, as specified in the Table of Contents.
• Smart Legacy Option: Offers additional flexibility for the payment of death benefits under the applicable annuity options, subject to the policy terms.
• Riders: Enhance your protection by opting for available riders on payment of an additional premium, subject to availability and the applicable terms and conditions.

• Annuitant Type: Available under both Single Life and Joint Life options (where the secondary annuitant is typically the spouse)
• Purchase Source: The plan can be purchased using regular funds or eligible exit proceeds from the National Pension System (NPS) or QROPS (using UK tax-relieved assets), subject to the applicable regulations.

Plan Details

Instalment Premium (Minimum)

Annuity payouts can be received in Yearly, Half-Yearly, Quarterly, or Monthly modes.

Premium Payment Term (PPT)

The plan offers a Limited Pay option, allowing premium payments over a pre-specified period that is shorter than the policy term.

Sum Assured on Death

The death benefit varies depending on the annuity option selected. Under the Return of Purchase Price options, the death benefit generally includes the return of the Total Purchase Price to the nominee.

The death benefit varies depending on the annuity option selected. Under the Return of Purchase Price options, the death benefit generally includes the return of the Total Purchase Price to the nominee.