HDFC SL PENSION CHAMPION Life Insurance

HDFC – SL PENSION CHAMPION

This is a unit linked plan which is specially created to provide you with the income for your life after retirement.

It also gives you the flexibility to choose your retirement date.

Features:

• It gives you a choice to invest in any of the 7 funds depending on your risk bearing capacity.

• You also get the option of asset allocation.

• It gives you the flexibility to plan your retirement years accordingly by choosing your retirement date.

• It also gives you additional bonuses to the fund value at the retirement period.

• The minimum age limit for this plan is of 18 years and maximum is of 65 years.

• At the age of retirement the minimum age limit is of 50 years and maximum is of 75 years.

Benefits:

• On your retirement date you will get the value of the units in your policy. You can claim 1/3^rd of the fund value plus the additional bonuses as tax free and the rest amount will be converted into annuity.

• You can choose to pay your premium as either Monthly (through Standing Instructions or ECS Mandate), Half yearly or annually. You also have a range of convenient auto premium payment options.

• If in case you have not chosen the asset allocation option, you can change your investment choices in two ways:
  • You can transfer the accumulated funds to any other funds at anytime.
  • You can pay your further premiums into any funds selected as per your wish.

• You get a fund value at the date of maturity with additional bonus.

• You get tax benefits under section 80CCC of the Income Tax Act, 1961.