There has been a gradual rise of life expectancies in India; and people often worry about running out of income after retiring. Salaried individuals, especially tend to miss the comfort of monthly income which would help them seamlessly manage their daily expenses.
Watch this film on the story of an endearing couple in their late 50s as they prepare for life after retirement. Throughout the film, various conversations between the husband and the wife outline their expectations and fears from life after retirement. They finally come to the realization that by planning with annuity, they can continue to lead a life of pride with salary after retirement.

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LEARN MORE ABOUT: Retirement Annuities

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Retirement is often considered as a phase of life when individuals look forward to a relaxed and stress-free lifestyle. However, the absence of a regular salary can sometimes be a cause of concern for retirees. To address this issue, HDFC Life offers a range of annuity plans that provide a regular income after retirement.

Annuity plans are designed to provide a steady stream of income to individuals after they retire. These plans work by converting a part of the retirement corpus into a reliable income source that one can depend on. HDFC Life’s annuity plans aim to provide retirees with financial security and help them maintain a comfortable lifestyle during their post-retirement years.

One of the key benefits of HDFC Life’s annuity plans is the flexibility they offer. Individuals have the option to choose between various annuity options, depending on their requirements. The plans offer different modes of receiving income such as monthly, quarterly, half-yearly, or annual payouts. This allows retirees to customize their income streams as per their specific needs.

Additionally, HDFC Life’s annuity plans provide a regular income for a lifetime. This ensures that retirees do not have to worry about outliving their savings and can enjoy a stable financial situation throughout their retired years. Furthermore, these plans also offer the option of adding a nominee, who will continue to receive the annuity payments in the event of the annuitant’s demise, ensuring financial security for their loved ones.

Annuity plans by HDFC Life also come with the added advantage of tax benefits. The premiums paid towards the annuity plans are eligible for tax deduction under Section 80CCC of the Income Tax Act, 1961. This implies that individuals can avail tax benefits on the premiums they pay, thereby reducing their overall tax liability.

In conclusion, HDFC Life’s annuity plans are a reliable and efficient means to secure a regular income after retirement. With flexible annuity options, lifetime income, and tax benefits, these plans offer retirees financial stability and peace of mind. So, if you are approaching retirement or have already retired, it is advisable to consider HDFC Life’s annuity plans and ensure a comfortable and financially secure post-retirement life.