Example for HDFC Life - QROPS

Option 1 : HDFC Life New Immediate Annuity Plan

Mr. Kumar, is 57 years old, worked in the UK for 8 years, accumulated a pension pot of  £100,000. He wants to retire in India, hence he transferred his pension to HDFC Life New Immediate Annuity Plan. The amount got converted to Indian Rupees. Considering an exchange rate of £1= Rs 100. This amount became Rs 1 crore.

One time govt. service tax of only 3% deducted and rest 97 lacs got invested in the plan. Mr. Kumar started getting pension of Rs 7,80,000 p.a. This amount is fixed and guaranteed for lifetime, there after Mrs. Kumar will receive the same amount of pension, throughout her life. The capital of Rs 97 lacs with we refunded back to their nominee.

Note : There are other options available in this plan, please refer to the product brochure for details.

http://www.hdfclife.com/retirement-and-pension-plans/new-immediate-annuity-plan

Option 2: HDFC Life Single Premium Pension Super

Dr.Gupta, is 47 years old, worked with NHS for 10 years and now working in India. He has got a pension value of  £100,000. He wanted to transfer this fund to India, however did not want to take immediate pensions. Hence he transferred his pension fund to HDFC Life Single Premium Pension Super.  The amount got converted to Indian Rupees. Considering an exchange rate of £1= Rs 100. This amount became Rs 1 crore.

He choose a policy term of 10 years, hence his money will grow as per the fund performance. Assuming a net average interest 7.5% p.a., Dr.Gupta will have a corpus of Rs 2 crore, at the age of 57. He will be able withdraw upto 1/3rd of the amount as tax free and the remaining 2/3rd will be transferred to HDFC Life New Immediate Annuity Plan, through which he will start getting his pensions (refer option 1).

Note: Please refer to the brochure for charges and other details.

http://www.hdfclife.com/retirement-and-pension-plans/single-premium-pension-super-plan

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