HDFC Personal Pension Plan:

HDFC Personal Pension Plan is a well designed plan made to secure your future after retirement.  Income earning days should be spent with ease and the same peaceful days should prevail during retirement days as well.

Hence investing in a plan like the Personal Pension Plan takes care of the needs of your retired life by providing a regular income to the policy holder.

By opting for the HDFC Personal Pension Plan,
You are allowed to choose the date of your retirement and then from that date onwards you will receive a regular income from the policy. This plan permits you to opt for the premium that you are going to pay as well as the sum assured amount that you will receive at maturity.

When your policy matures, you will get the sum assured and also any bonuses that you are eligible to receive. At the time of your retirement you may take out at least one third of the sum assured for your personal use.

With the remaining amount you will have to buy an annuity.  This annuity you are permitted to buy either from HDFC or any other recognized insurance policy without any hassles.

If you have opted to pay your premiums on a regular basis, you have a choice of paying them either quarterly, half yearly or annually.  You can also pay your premium through some automated premium payments that are available in this plan.

You can enjoy the tax benefits available in this plan that go according to the laws of the Income Tax Act, 1961.

The HDFC Personal Pension Plan in a nutshell is tailor made to meet your needs when you have retired.  It will come handy at a time when you will welcome any kind of income as the retirement income might not allow you to maintain the same standard of living that you have been used to doing.