The HDFC Immediate Annuity can provide you a guaranteed return throughout your lifetime, or over a period of your choice. You can choose to limit the payment period of annuity if you only require an income for a particular time. Your returns would not be affected by the fluctuation of home loan interest rates.
Elasticity of Income Receipts
You would be free to obtain your returns according to your wish like monthly, quarterly or yearly. You can take your annuity either at the start or the end of the payment period.
Eligibility
The minimum age for this policy is 30 years & the maximum age is 85 years for individual and your nominee both.
Guaranteed Term
You will be getting your returns during your lifetime. Your annuity can be assured for a period of upto15 years and last assured payment falls earlier to your 80th birthday. This means, at the time of your death, your annuity will continue up to the number of years left in the guaranteed period
Acceleration
Your gross returns may increase annually at a fixed rate of up to 5% each year compounded
Advantages
Flexible Payout Modes-Monthly, Quarterly, Yearly. You can choose to limit the payment term to between 5 and 25 years. You can choose an annuity that will pay out a benefit on your death or, if you have chosen to provide an annuity for a named individual. The amount paid on death is equal to the purchase price less the gross annuity installments already paid under the annuity.
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