Payment Options for HDFC Assured Pension Premium
Insurance premium is an amount that is paid to the insurance provider at regular or limited intervals or at once. Regular payment means that one pays premium (money you pay in exchange of life cover) throughout the policy term. Limited pay means that one pays premium only for a limited number for years say 3 to 5 years whereas single pay means that you pay premium at once. After maturity of some of the insurance plans, these premiums are returned to you along with additional bonus as policy gains. HDFC Life Assured Pension Premium and gains are ways of investment for the life insured person. Payment options for HDFC Assured Pension premium include: Limited Pay, Regular Pay and Single Pay.
HDFC Assured Pension Gains
HDFC Assured Pension gains are the benefits that are available under the insurance policy. You can avail loan under this plan. If one is unable to pay premiums, some companies allow surrender of policy. The amount of money that you get back after you surrender your policy is known as surrender value. HDFC Life Assured Pension assures guaranteed surrender value. Compare HDFC Life Assured Pension and MET Pension (Par) to know the difference between gains of these plans. Tax benefit is applicable for this plan. When a policy has tax benefit, it means that the premiums you pay for that policy are eligible for deduction in tax returns and so is a part of the money you get at the end of policy term. Maturity benefit is not provided by HDFC Standard Life Insurance Company Limited. This plan assures death benefit.