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HDFC Immediate Annuity (Delhi)

Posted: Tuesday, 31 January, 2012  04:34

Death Benefits: In addition to a regular income, you can choose an annuity that will pay out a benefit on your death or, if you have chosen to provide an annuity for a named individual, on the later of your and the named individual's death. You can choose the level of death benefit: Full purchase price, or a proportion of the purchase price. Capital protection option- the amount paid on death is equal to the purchase price less the gross annuity installments already paid under the annuity. No death benefit is allowable where a guarantee period has been selected. No death benefit is allowable where a Joint Life annuity reducing on death of the first life has been selected.. Posted id-hdfCSG008

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