Premium Payment Options
Premium payment options for HDFC Life Single Premium Pension Super Plan and HDFC Life Pension Super Plus also include premium paying modes. For a life insurance plan, premium payment options are regular pay, single pay and limited pay. These define the frequency of premium payment. In regular pay option, there are different modes like monthly payment, quarterly payment, etc.
For HDFC Life Single Premium Pension Super Plan:
- Premium payment options: Single Pay.
For HDFC Life Pension Super Plus:
- Premium payment options: Limited Pay and Regular Pay.
In regular pay, you have to pay the premium at fixed regular intervals throughout the policy term. This premium can be paid monthly, quarterly, twice in a year or once in a year. If you choose limited pay mode, you'll have to pay the premium only for few years whereas in single pay mode, entire premium is paid at once.
Top Up for Single Premium Pension Super and Pension Super Plus Premium
Top up for Single Premium Pension Super and Pension Super Plus premiums, is an extra amount of money that you can pay at any time during the policy term. It helps to increase value of investment over a long period of time. Top up premium is allowed for first plan and for the second plan, it is allowed. If allowed, top up premium can be paid anytime along with your regular premiums.