HDFC Life has launched HDFC Life Systematic Retirement Plan – an individual, group, non-participating, non-linked, savings deferred annuity plan that systematically allows you to save for your retirement years.
With increasing life expectancy and inflation in India, the need for retirement planning is critical. But a retirement plan is also essential to ensure stability in the later years along with financial independence. The HDFC Life Systematic Retirement Plan allows customers to lock in their annuity interest rates right at inception of the policy. HDFC Life Systematic Retirement Plan offers individuals a unique opportunity to systematically save for a retirement corpus over a period of time and thereafter enjoy a guaranteed lifelong income. The plan offers flexibility to choose from two plan options – Life Annuity and Life Annuity with Return of Premiums.