Systematic Retirement Plan

HDFC Life Systematic Retirement Plan allows a prospect to start small and save consistently for retirement. Identify whether the above statement is true or false.

• True

• False

Answer explanation

Which opportunity does HDFC Life Systematic Retirement Plan allow to a customer with limited capital? Select the correct answer from the list below.

• To opt for premium payment and deferment period options of less than 5 years and derive additional annuity

• To purchase an annuity without investing large capital which is facilitated through limited premium payment feature and premium payment options

In HDFC Life Systematic Retirement Plan, death benefit is payable after deferment in __________. Select the correct answer from the list below.

• Life annuity option

• Life Annuity with ROP option

• Both the plan options

  Sub

HDFC Life Systematic Retirement Plan gives you the option to plan your income if you want to retire early in life. Identify whether the above statement is true or false.

• True

• False

HDFC Life Systematic Retirement Plan can be given to a customer within 24 hours and without medicals, subject to closure of Further Requests (FRs), if any. Select the correct answer from the list below.

• No

• Yes

Identify the group of people who can opt for HDFC Life Systematic Retirement Plan on behalf of their parents and pay a part of their premium regularly to create a retirement kitty for them. Select the correct answer from the list below.

• Pre-retirees - 45 to 54 age group

  
  

• Breadwinners - all age groups

  
  

• Early adopters - 35 to 44 age group