HMRC Registered HDFC QROPS Plans – HDFC Life New Immediate Annuity Plan

HDFC Life New Immediate Annuity Plan is a non linked traditional annuity plan and it is part of the indian qrops scheme with the following key benefits:

  • Guaranteed1 income for as long as you/your partner lives at a frequency of your choice – monthly/quarterly/half-yearly/annual options
  • Benefit from higher annuity rates at investment of Rs 2,50,000 or higher
  • Death benefit on certain annuity options that provide for return of purchase price or annuity to your spouse

 1The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed once the policy has been purchased.

Subject to provisions, as per Income Tax Act 1961. Tax benefits are subject to changes in tax laws.

Annuity Options

  • Immediate Annuity with a single premium lump sum payment
  • Option for monthly, quarterly, half-yearly, or annual annuity
  • Except for annual annuity, all other modes are paid at a discounted rate
  • There are 7 Options for Single Life Annuity and 4 Options for Joint Life Annuity
  • In this plan, there are 4 Bands for Annuity where the annuity rates are higher for higher Purchase Price
  • Options available on maturity are:
  1. Lifetime annuity
  2. Lifetime annuity with return of 100% of the purchase price
  3. Lifetime annuity with return of purchase rice in parts
  4. Lifetime annuity with return of 100% of the purchase price on diagnosis of critical illness or death
  5. Joint life annuity: Joint life, last survivor with 100% annuity to surviving partner and return of 100% of purchase price


  • Age at entry: Minimum 30 years; maximum 85 years
  • Age at maturity (vesting): Minimum 55 years; maximum 75 years

Death Benefit

As death benefit varies as per the annuity option selected by you. Contact us for more details and suitable qrops plan in india.


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