Systematic Pension Plus

In HDFC Life Systematic Pension Plan, a prospect can choose: Select the correct answer from the list below.

• Premium payment term

• Death benefit option

• Bonus options

In HDFC Systematic Pension Plan, ____________ gets added to your pension corpus due to participation in the profits of the insurer. Select the correct answer from the list below.

• simple bonus

• terminal bonus

• compound bonus

As per HDFC Life data, an average Indian is supposed to live at least 20 years more after his / her retirement at the age of 58. Identify if the above statement is true or false.

• True

• False

Vesting benefit on surviving the policy term in HDFC Life Systematic Pension Plan will be the higher of: Select the correct answer from the list below.

• Sum Assured on Vesting + Accrued Reversionary Bonus + Interim/Terminal Bonus, if declared

• Assured Benefit on vesting which is equal to the total premiums paid accumulated at 4% per annum compound

• Higher of the first or the second options above

• None of these

In HDFC Life Systematic Pension Plan, ____________ is compounded on total premiums paid which may be declared on a yearly basis. Select the correct answer from the list below.

• simple bonus

• terminal bonus

• reversionary bonus

Mr. Zeeshan, 40, has chosen for the single premium payment option of HDFC Life Systematic Pension Plan. He pays a single premium of ₹ 10 Lakhs and remains invested in his policy for the next 25 years. At 65, the age of vesting: a) He will receive a maximum of 60% of the corpus as commuted amounts completely tax-free b) He will have to invest at least 40% of the remaining corpus in annuity; he will then receive annuity for life as per the desired frequency Identify if the above statement is true or false.

• True

• False

HDFC Life Systematic Pension Plan allows you 60% tax free commutation on vesting which you can use to meet the needs of your retired life. Identify if the above statement is true or false.

• True

• False

In HDFC Life Systematic Pension Plan, on vesting, the policyholder can: Select the correct answer from the list below

• Utilize entire proceeds of the policy to purchase an annuity plan from HDFC Life at the then prevailing rate

• Purchase an annuity plan from another insurer by taking 50% of the entire proceeds of the policy net of commutation

• All of these

Bonuses in HDFC Life Systematic Pension Plan are payable at vesting. Select the correct answer from the list below.

• True

• False

HDFC Life Systematic Pension Plan allows you to live an independent retirement life and allows you to maintain your lifestyle. This is a perfect pitch for prospects between the age of 45 to 60. Identify if the above statement is true or false.

• True

• False