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To Buy Online

Branch Locator

For Existing Customers

Fund Performance Check

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Why go for HDFC Life New Immediate Annuity Plan

A Single Premium Non Participating Non Linked Annuity Plan with guaranteed1 returns and death benefit

  • Multiple plan options for Single Life Annuity and Joint Life Annuity to choose from

  • Benefit of higher annuity rates for large purchase price

  • Return of Purchase Price option on death and critical illness

  • Option to receive annuity monthly, quarterly, half-yearly or yearly

  • Option for banks/financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes.

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

Choose right to meet your goals

Choose from our 11 options

Choose Your Annuity Options

Single Life Annuity Options

Joint Life (two lives) Annuity Options

Without Return of Purchase Price

(Enjoy annuity payout as per the frequency chosen)

Check If You Are Eligible

Before buying HDFC Life New Immediate Annuity Plan


    Eligibility Criteria




20 years1

85 years


₹ 10,000

No Limit


₹ 5,000

No Limit


₹ 3,000

No Limit


₹ 1,000

No Limit

  1. Annuitants below this age will be accepted where proceeds are from a contract issued or administered by HDFC Life Insurance Company Limited where compulsory purchase of Annuity is required. If this product is to be purchased as QROPS (Qualifying Recognized Overseas Pension Scheme), through transfer of UK tax relieved assets, it would be offered only to customers who are 55 years of age or above (as on last birthday).

Age has to be taken as of "last birthday" basis.

Get to know Retirement plans better!

Tune in to this video to know about our Retirement Plans.

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Financial details

Your Required life cover to protect your family’s future is


The values shown here are only for illustration. The results are generated based on the information provided. It is not intended to be and must not alone be taken as the basis for an investment decision.

Have questions about retirement planning?

We’ll tell you everything you need to know about HDFC Life New Immediate Annuity Plan

1 How does an annuity plan work?

  • Annuity plans are pension products, If you want to invest your hard-earned money to meet long-term retirement needs, then an annuity product may be the answer.
  • In an annuity plan, a person pays either a lump sum amount or regular installments in the given period to get regular payments or payouts as long as he/she lives or for a pre-specified fixed period. 
  • The insurance companies invest your money and pay back the income generated as payouts when you retire. The annuity plan covers your financial risk by helping you get a regular payment in your sunset years for a comfortable living.  

2 When should I buy an annuity?

If you want the annuity payments to start immediately, you can opt for ‘immediate annuity plan’. But, if you need your regular pension payments to start after a specified period (usually after retirement), you can choose a ‘deferred annuity plan’  but you can buy an annuity plan as early as the age of 45 or 50 years but the generally age for starting an income annuity is 60 and above, which allows for the maximum payout.

3 What is the rate of return in an annuity?

The rate of return on annuities differ depending on the annuity plan you choose to invest in. One of the popular options is ‘life annuity with return of purchase price’ that works like an FD where the investor will earn an income for life, and the nominee gets the benefit paid on his/her death. The annual payout on this variant turns out to 5.7-6.4% of the purchase price for someone who is 60 years old. You can also opt for the lifetime annuity, without the return of the initial investment. The interest rate is 7.6-8.1% per annum which is the highest among all variants as the investor does not need to return the funds to an appointed nominee.

4 How much do I need to invest in annuity?

There is no limit on the amount that you need to invest in an annuity. Whether you choose a deferred or immediate annuity, there are few things you need to consider: 

  • Your actual financial needs
  • Your long-term financial goals
  • Your current savings/investment portfolio
  • The impact of inflation.
  • The alternatives available to you


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

ARN: EU/07/21/24439