Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
A Single Premium Non Participating Non Linked Annuity Plan with guaranteed1 returns and death benefit
Multiple plan options for Single Life Annuity and Joint Life Annuity to choose from
Benefit of higher annuity rates for large purchase price
Return of Purchase Price option on death and critical illness
Option to receive annuity monthly, quarterly, half-yearly or yearly
Option for banks/financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes.
Multiple plan options for Single Life Annuity and Joint Life Annuity to choose from
Benefit of higher annuity rates for large purchase price
Return of Purchase Price option on death and critical illness
Option to receive annuity monthly, quarterly, half-yearly or yearly
Option for banks/financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes.
The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed once the policy has been purchased.
The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed once the policy has been purchased.
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
(Enjoy annuity payout as per the frequency chosen)
Life Annuity
The annuity will be payable at uniform rate in arrears for the life of the annuitant.
On the death of the annuitant, the annuity payments will cease and no further amount will be payable.
Life Annuity with 5% escalation
The annuity will be payable in arrears for the life of the annuitant.
The annuity will increase annually by 5% p.a. of the annuity amount at inception.
The first escalated payment is made one year after the first payment.
On the death of the annuitant, the annuity payments will cease and no further amount will be payable.
Life Annuity with a Guarantee Period
The annuity will be payable in arrears for the life of the annuitant or until the end of guarantee period, whichever is later.
On the death of the annuitant or at the end of the guarantee period, whichever is later, the annuity payments will cease and no further amount will be payable.
The annuitant has the option to choose a guarantee period of 5 or 10 or 15 or 20 years.
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
With Return of Purchase Price
(Return of purchase price)
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Life Annuity with Return of Purchase Price
The annuity will be payable at uniform rate in arrears for the life of the annuitant.
On the death of the annuitant, the annuity payments will cease and we will pay to the annuitant’s nominee the 100% of the purchase price.
Life Annuity with Return of Balance Purchase Price
The annuity will be payable at uniform rate in arrears for the life of the annuitant.
On the death of the annuitant, the annuity payments will cease and we will pay to the annuitant’s nominee the balance of the purchase price i.e. purchase price less all annuity instalments made prior to death.
In case the annuity payments exceed the purchase price, no benefit will be paid on death.
Life Annuity with Return of Purchase Price in Parts
The annuity will be payable at uniform rate in arrears for the life of annuitant.
At the end of 7 years, 30% of the purchase price is paid to the annuitant on survival.
on death of the annuitant beyond seven years, the annuity payment will cease and we will pay to the annuitant's nominee 70% of the purchase price.
On death of the annuitant within 7 years, the annuity payment will cease and we will pay to the annuitant’s nominee the full purchase price.
Life Annuity with Return of Purchase Price on Diagnosis of Critical Illness
The annuity will be payable at uniform rate in arrears for the life of the annuitant.
Upon the annuitant being diagnosed with any of the 6 specified illnesses1 before age 85 or on death of the annuitant, whichever occurs earlier, the annuity payments will cease and 100% of the purchase price of the annuity will be payable.
The purchase price will be paid to the nominee in case of annuitants death otherwise it will be paid to the annuitant.
Disclaimer:
Please read the product brochure for the details on critical illnesses covered.
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Without Return of Purchase Price
(Enjoy annuity payout as per the frequency chosen)
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Joint Life Annuity with 100% annuity to the Secondary Annuitant
The annuity will be payable at a uniform rate in arrears so long as at least one of the two annuitants is alive.
On the death of the primary annuitant, secondary annuitant will receive 100% of original annuity throughout life.
On death of the last survivor, the annuity payments will cease and no further amount will be payable.
If the secondary annuitant predeceases the primary annuitant, the annuity payments shall cease upon the death of the primary annuitant.
Joint Life Annuity with 50% annuity to the Secondary Annuitant
The annuity will be payable at a uniform rate in arrears so long as the primary annuitant is alive.
On the death of the primary annuitant, secondary annuitant will receive 50% of original annuity throughout life.
After death of the last survivor, the annuity payments will cease and no further amount will be payable.
If the secondary annuitant predeceases the primary annuitant, the annuity payments shall cease upon the death of the primary annuitant.
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
With Return of Purchase Price
(Return of purchase price)
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Joint Life Annuity with 100% annuity to secondary annuitant and return of purchase price
The annuity will be payable in arrears so long as at least one of the two annuitants is alive.
On the death of the primary annuitant, secondary annuitant will receive 100% of original annuity throughout life.
On death of the last survivor, 100% of the purchase price is returned to the nominee.
Joint Life Annuity with 50% annuity to secondary annuitant and return of purchase price
The annuity will be payable in arrears so long as at least one of the two annuitants is alive.
On the death of the primary annuitant, secondary annuitant will receive 50% of original annuity throughout life.
On death of the last survivor, 100% of the purchase price is returned to the nominee.
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Bonus Declaration
Multiple ways to pay premiums online using Net Banking, Credit Card, Debit Card,
UPI, wallets, Bill Pay along with various offline and auto payment options
RB on SPWL is on compound basis, while on all other products it is on simple basis
Check Eligibility Criteria
Before buying HDFC Life New Immediate Annuity Plan
ELIGIBILITY CRITERIA
Eligibility Criteria
Minimum1
Maximum
ENTRY AGE
18 years2
Life Annuity with Return of Purchase Price on diagnosis of critical illness: 85 years
All Other Options: 99 years
YEARLY ANNUITY PAYOUT
₹ 10,000
No Limit
HALF YEARLY ANNUITY PAYOUT
₹ 5,000
No Limit
QUARTERLY ANNUITY PAYOUT
₹ 3,000
No Limit
MONTHLY ANNUITY PAYOUT
₹ 1,000
No Limit
1. Annuity payout below this value will only be offered:
Where the proceeds are from a contract issued or administered by HDFC Life Insurance Company Limited where compulsory purchase of an annuity is required.
To the subscribers of the National Pension System (NPS) regulated by the Pension Fund Regulatory and Development Authority (PFRDA)
2. Annuitant(s) below 18 years of age will only be accepted where the proceeds are from an insurance contract issued or administered by the Company or Employer-Employee cases in case of Superannuation Schemes, where compulsory purchase of an annuity is required or at Company's discretion in case of special situations involving Government schemes, employees or beneficiaries. If this product is to be purchased as QROPS (Qualifying Recognized Overseas Pension Scheme), through transfer of UK tax relieved assets, it would be offered only to customers who are 55 years of age or above (as on last birthday)
We help you to choose best insurance plan based on your needs
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
How much planning do you need for retirement?
Use our quick and simple calculator to know what’s ideal for you.
Delaying Term Plan
Will Be Costlier
Than You Think
It’s never too late to pick one or
don’t delay this any further.
Personal details
Your Required life cover to protect your family’s future is
The values shown here are only for illustration.
The results are generated based on the information provided. It is not intended to be and must not alone be taken as the basis for an investment decision.
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.
Frequently Asked Questions
We’ll tell you everything you need to know about HDFC Life New Immediate Annuity Plan
Annuity plans are pension products, If you want to invest your hard-earned money to meet long-term retirement needs, then an annuity product may be the answer.
In an annuity plan, a person pays either a lump sum amount or regular installments in the given period to get regular payments or payouts as long as he/she lives or for a pre-specified fixed period.
The insurance companies invest your money and pay back the income generated as payouts when you retire. The annuity plan covers your financial risk by helping you get a regular payment in your sunset years for a comfortable living.
If you want the annuity payments to start immediately, you can opt for ‘immediate annuity plan’. But, if you need your regular pension payments to start after a specified period (usually after retirement), you can choose a ‘deferred annuity plan’ but you can buy an annuity plan as early as the age of 45 or 50 years but the generally age for starting an income annuity is 60 and above, which allows for the maximum payout.
The rate of return on annuities differ depending on the annuity plan you choose to invest in. One of the popular options is ‘life annuity with return of purchase price’ that works like an FD where the investor will earn an income for life, and the nominee gets the benefit paid on his/her death. The annual payout on this variant turns out to 5.7-6.4% of the purchase price for someone who is 60 years old. You can also opt for the lifetime annuity, without the return of the initial investment. The interest rate is 7.6-8.1% per annum which is the highest among all variants as the investor does not need to return the funds to an appointed nominee.
There is no limit on the amount that you need to invest in an annuity. Whether you choose a deferred or immediate annuity, there are few things you need to consider:
Your actual financial needs
Your long-term financial goals
Your current savings/investment portfolio
The impact of inflation.
The alternatives available to you
Get a Call Back
This service is available between 9 AM - 9 PM IST
Interested in buying insurance plans, then fill the form below to help us call you back. This form is only for exploring insurance plans provided by HDFC Life, for Customer Service queries, please click - Customer Service Queries
Thanks for contacting us.
Will get in touch soon.
Your call is scheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is rescheduled for , between . You will receive a call from 8291890XXXX. Kindly attend the call. We respect your privacy. We do not spam.
Your call is already scheduled for , between . Incase you want to reschedule the call; you can do it using the form above.
We're sorry, but you have reached the maximum number of rescheduling attempts allowed.