At the end of the tenure, you start to enjoy a regular
pension amount till the end of either's lifetime.
After the death of the contributor, his surviving spouse or common - law partner is eligible to receive 60 percent of
the pension amount till her death.
Not exact matches
But now my total fund value is only Rs 32000.00 (Rs 39996.00 investment done
till date), i purchased this product so as to get handsome monthly
pension after 20 years by depositing the corpus
amount in some Annuity plan.
This field of the
Pension Calculator requires the
amount you have saved
till date.
LIC agent has approached me for new endowment plan for 16 years, sum assured Rs. 9,00,000, premium is Rs. 60,000 pa, maturity benefits is Rs. 21,24,187 after maturity if I opt for
pension plan Rs. 16,197 pm
till the death of policy holder at his death maturity benefit
amount will be paid to nominee.
In case of demise of the policy holder the spouse of the insured person will be entitled to receive the same
amount of
pension till he / she is alive.
The death benefit which is payable under this HDFC
pension plan will be the
amount which will be higher among the fund value on the date of death or 105 % of premiums paid
till death
The minimum
amount of
pension or annuity will be 6000 INR approximately and the maximum will go
till 60,000 INR approx.
3) Maturity Benefit: If the pensioner survives
till the end of the policy tenure, they would get the purchase price of the
pension plan along with last installment of the
pension amount.