pension super presentation
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TRANSCRIPT
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For Training Purpose Only 1
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HDFC Pension Super
Lead a life of respect and dignity even after retirement
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Objective of the Session :
To Explain the Features , Advantages & Benefits of
HDFC PENSION Super Plan
To give an outline on the Basic charges under HDFC
PENSION Super Plan
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Features of the HDFC Pension Super :
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Fixed S.A. + Fund Value and Policy terminates
On Vesting
Fund Value + Bumper Addition *
NEW
Vesting Date
Up to 1/3rd of total benefit (FV+BA if any) Open Market Option
(one can buy Annuity from us or any other Insurer)
Death
Premium
Pension Payout
* Condition Apply
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Features of the Plan :Minimum Maximum
Entry Age 18 lbd 65 lbd
Term 10 40
Vesting Age 50 75
S.A Rs.1000/- Rs.1000/-
Premium 15000/- (Yly)
8000/- (H.Yly)
2000/- (Mly)
No Specific
Max.Ann.Premium
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Advantages of the Plan :
A. Fund Option :
Liquid Fund II
Stable Managed Fund II
Secure Managed Fund II
Defensive Managed Fund II
Balance Managed Fund II
Equity Managed Fund II
Growth Fund II
STO Allowed
AAO Allowed
OR
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Asset Allocation Option (AAO) :
Cautious Moderate Aggressive
9 years before Vesting Date, Fund from Equity Managed Fund II being switched to Secure Managed Fund II & 6 Years before Vesting Date it is being switched to Stable Managed Fund II
7 years before Vesting Date, Fund from Equity Managed Fund II being switched to Secure Managed Fund II & 3 Years before Vesting Date it is being switched to Stable Managed Fund II
6 years before Vesting Date, Fund from Growth Fund II being switched to Secure Managed Fund II & 3 Years before Vesting Date it is being switched to Stable Managed Fund II
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B. Fund Switch :
24 switches free per policy year, then Rs. 100/- per switch
C. Redirections :
12 redirections free per policy year, then Rs.250/- per redirection
D. Top-up : Minimum : Rs. 10.000/-
Maximum : No Limit
* Condition – All regular Premium to date have been paid
E. Partial Withdrawal :
No Partial Withdrawal
F. Policy Servicing : 6 policy servicing free per policy year, then Rs.250/- per servicing
G. OUT STATION Cheque is accepted with a charge of Rs.250/-
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Benefits of the Plan :
Vesting Benefit : - Fund Value + Bumper Addition (* 50% for 10 years Term 100% for 11+Years Term) & Condition Apply
- You Can take up to 1/3rd of Total Benefit at vesting
as Tax Free Cash lump sum and rest must be
converted to an Annuity.
- You can buy the Annuity from us or any other Insurer
Death Benefit:
Fixed Sum Assured (Rs.1,000/-) + Fund Value
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Premium Allocation Rate
Regular Premium
1st Year 2nd Year 3rd Year 4th Year Onward
15,000 to 1,99,999 85% 90% 95% 97%
2,00,000 to 4,99,999 87.5% 90% 95% 97%
5,00,000 to 19,99,999 90% 90% 95% 97%
20,00,000 + 92% 94% 96% 97%
For Yearly & Half Yearly
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Regular Premium
1st Year 2nd Year 3rd Year 4th Year Onward
15,000 to 1,99,999 80% 85% 95% 97%2,00,000 to 4,99,999 82.50% 85% 95% 97%5,00,000 to 19,99,999 85% 85% 95% 97%
20,00,000 + 87% 89% 96% 97%
For Monthly
Policy Administration Charges :
Rs.50/- Per month. Further will increase 5% on every policy year
Fund Management Charges:
1.25 % per annum
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Surrender Benefit :No.of Original Annualised Regular Premiums not paid in Ist 5 years
Surrender Charge
4 95% of F.V
3 50% of F.V
2 30% of F.V
1 15% of F.V
0 NILNo Surrender Charge will be levied for any policy, surrendered after 5th Policy Anniversary
Tax Benefits :
Sec 80CCC
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Thank You