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HDFC Life's annuity plan for early retirement planners

Press Trust of India  |  New Delhi 

Standard Life Company (Life) has come up with a single-premium annuity products for those who want to plan their in advance.

Under 'Life Pension Guaranteed Plan' one has the choice to decide on the annuity rate at the date of purchase of the policy, which can go up to as high as 13 per cent, said Srinivasan Parthasarathy, Senior Executive Vice President, and Appointed Actuary,

"Customers need not wait for their to decide on the annuity rate. The deferred annuity option gives the early planners the choice of a guaranteed annuity rate at the time of the purchase," he said.

"Those planning in advance for their are rewarded by way of higher annuity rates, which could beas high as 13 per cent depending upon the deferment period," added.

The comes in two variants of single life basis for self and a joint life basis for self and spouse.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 19:35 IST
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