Hdfc Pension Plans vs Canara Hsbc Life

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Hdfc Pension Plans vs Canara Hsbc Life

COMPANY DETAILS Edit HDFC Pension Plans

Hdfc Pension Plans

 Edit Canara HSBC Life Insurance

Canara Hsbc Life
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit

Annual Premiums Collected (2024-25)

027.46 crore
Payout Options

Payout Options

-

Payout Options

Lump sum, regular frequencies, or a combination of both.
Claim ratio

Claim ratio

Minimum Age- 30 year%

Claim ratio

99.43%%
Solvency Ratio

Solvency Ratio

85 years

Solvency Ratio

2.06
Branches

Branches

Annual, half-yearly,

Branches

100+
Riders Available

Riders Available

10 to 30 years

Riders Available

Accidental Death Benefit, Child Care/Child Support benefits, Accidental Total & Permanent Disability (ATPD), Accidental Total & Permanent Disability Premium Protection Plus, Terminal Illness Cover, and Block Your Premium.
Policy Term

Policy Term

10 to 40 years

Policy Term

5 to 40 years

Overview

HDFC Pension Plans: Overview

HDFC Life Pension plans are a collaboration between Standard Life and HDFC, designed to provide customers with a financially secure & comfortable retirement life. The company offers various pension plans, including deferred pension plans, annuity pension plans, and immediate annuity plans, all aimed at securing your golden years. By accumulating savings through small investments, these plans ensure you never run out of regular income after retirement.

HDFC Life Pension plans also offer tax benefits under Section 80C, allowing for a yearly deduction from income up to Rs. 1.5 lakhs.

HDFC Pension Plans cater to your investment needs by offering:

  • Return of purchase price option
  • Range of annuity options
  • Guaranteed Monthly Income
  • Option to select any age

Riders

Riders Available with Canara HSBC Life Insurance Plans

Name of the Riders Benefits
Accidental Death Benefit Get an extra payout on top of the base cover upon death due to an accident.
Accidental Total & Permanent Disability Premium Protection If the policyholder suffers accidental total and permanent disability, future premiums will be waived, and the policy will continue until maturity.
Accidental Total & Permanent Disability Premium Protection Plus Receive an extra lump sum payout in case of accidental total and permanent disability, and future premiums will be waived.
Critical Illness Premium Protection If diagnosed with any of the 40 pre-specified critical illnesses, future premiums will be waived, and the policy will continue until maturity.
Critical Illness Premium Protection Plus Receive additional coverage if diagnosed with any of the 40 covered critical illnesses, and future premiums will be waived, with the policy continuing until maturity.
Terminal Illness Benefit If diagnosed with any covered terminal illness, a lump sum benefit of up to ₹2 Crores is payable while the policyholder is alive.

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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