Content Annuity and the 4 available options Annuity Rate Service Excellence Post Policy Set up Plan of Action Existing CPSU Clientele Annuity and the 4 available options An annuity is a life long pension that ensures for the annuitant a guaranteed ID: 1029805
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1. Steel Authority of India: Overview to Annuity
2. ContentAnnuity and the 4 available optionsAnnuity Rate Service Excellence: Post Policy Set upPlan of ActionExisting CPSU Clientele
3. Annuity and the 4 available optionsAn annuity is a life long pension that ensures for the annuitant a guaranteed1 and regular income stream for life. 2313
4. Single Life:Life Time Annuity The annuity will be payable at uniform rate in arrears for the life of the annuitant. On the death of the annuitant, the annuity payments will cease and no further amount will be payable.Single Life:Life Time Annuity with ROP The annuity will be payable at uniform rate in arrears for the life of the annuitant. On the death of the annuitant, the annuity payments will cease and we will pay to the annuitant’s nominee the 100% of the purchase price(net of statutory levies)Annuity and the 4 available optionsJoint Life:Life Time Annuity with 100% Annuity to Secondary Annuitant and 100% ROP The annuity will be payable in arrears so long as at least one of the two annuitants is alive. On the death of the primary annuitant, secondary annuitant will receive 100% of original annuity throughout life. On death of the last survivor, 100% of the purchase price is returned to the nominee. Joint Life:Life Time Annuity with 100% Annuity to Secondary Annuitant The annuity will be payable in arrears so long as at least one of the two annuitants is alive. On the death of the primary annuitant, secondary annuitant will receive 100% of original annuity throughout life. On death of the last survivor, Purchase price is NOT returned to the nominee.
5. Monthly Annuity Rate5Annuity OptionHDFCMonthly Rate(Pre GST)Life Annuity8.13%Life Annuity with ROPP6.12%Joint Life Annuity6.93%Joint Life Annuity with ROPP6.13%Above rates are pre- GST rates. GST @1.8% is applicablePrimary Annuitant is considered as a male of 60 years. Secondary Annuitant is considered as a female of 55 yearsPurchase Price is considered in Band 4(10 Lac to 50 Lac)Annuity Rates are subject to change. Please check it on the date of purchase.In case of difference in quotes in system, the system generated quote will be final.
6. 6Service Excellence Life certificate is required in following scenarios:Life Plan - Require life certificate every year.ROP - Require life certificate every three year completion. However company may call for above document in between. Filled up form can be sent by the customer by mentioning their policy no to service@hdfclife.com, annuitysupport@hdfclife.com from their registered email id. Alternatively they can choose to submit the same to any of the HDFC LIfe Branches.
7. Post Policy Set-upPresence post policy setup:As post retirement needs can be individual specific, a strong PAN India branch presence of more than 800+ branches catering to even Tier 2 cities and a robust online support system will aid in providing prompt and effective support as it is extremely important to ensure a hassle free pension post retirement. Numerous ways of to reach us without having to approach your employer:1. Meet us:https://www.hdfclife.com/branch-locator2. Email us : service@hdfclife.com3. Call Us : 1860 267 9999Mon-Sat 10 am to 7 pm IST (Local Charges Applicable.) (DO NOT prefix any country code e.g. +91 or 00.)4. Chat with Elle: https://www.hdfclife.com/customer-service
8. Post Policy Set-upFurther, some common queries: Survival Certificate requirement frequency : Annually for Life Annuity option and once in three years for other annuity options. The scanned copy of the survival certificate in a particular format can be shared from the registered email id of the customer to our service id as per the frequencies mentioned. Process for changing bank account details : For changing the bank account details for receiving annuity, customer use ‘My Account’ or ensure request is sent from the registered email id to service@hdfclife.comVideo Calling. Life certificate can be submitted through Video Calling which would be provided through a link https://life99.in/register/4d9d7996b42ee6e24e8e4e77d37122b81c4ea02e( SAIL Customized Life99 Link) Retirees can also access their pension statement also by registering though above link Visit to Branch :Alternatively, customer can visit the nearest Branch also. For other policy servicing requests, customer has the option to either utilize the My Account portal or visit our Branch. Dedicated Email id Dedicated Service id where member can reach out to in case of a query : service@hdfclife.com Details change : Process for change in address, contact number or nominee details: Customer can use the ‘My Account’ portal to change these details and upload the relevant documentation mentioned. Alternatively, email from the registered mail id can be sent to the service id for such change in details. Are servicing requests valid if the mail is received from registered email id or the member has to visit the branch for servicing? : Majority of the servicing requests are allowed from customer's registered email ID or through My Account portal.
9. 9Post Policy Set-upCall Centre SupportDedicated cal centre to take care of all sorts of queries pertaining to AnnuityDedicated email SupportEmployees get dedicated email for query resolution with TAT of one dayDedicated RM SupportDedicated RM mapping for all the regional offices
10. 10Team of senior employees from HDFC Life will personally conduct Annuity awareness sessions for employees using different modes:WebinarAudio – bridge Conference CallVideo ConferenceIn person presentationThis is a continuous activity on mutually agreed frequency Plan of Action
11. Annuity Setup Stage11We assist every retiree/employee in selecting the best annuity options by was of need analysis.We assist individual retiree/employee in documentation for annuityWe share the confirmation to HR post the annuity is setup for all employees on monthly basis.
12. HDFC Life Manpower Support to SAILSenior Resource to give Awareness session at prescribed locations.Regular Help desk at 6 locationsAssistance in in Documentation and form fillingSenior Person to assist SAIL in Project implementation at Corporate officeSaurabh Avasthi - ARM – 9899238709 – saurabh.a105@hdfclife.comAnand Kumar-AVP – anand.k46@hdfclife.comSpecial Help line number for Annuitants.Dedicated E mail supportNodal Officer Wise RM list provided in next slide12
13. Nodal officer wise HDFC life RM MappedPlant/ UnitDetails of Nodal OfficerLocationRM NameEmail idMobileName & DesignationMobile No.E-mail ID DSPPinaki Ranjan Mukherjee9434792289pr.mukherjee@saildsp.co.inDurgapur, KolkataBegraj Sainibegrajs@hdfclife.in9988018199AGM (F&A) RSPSomajeet Badpanda8895501354somajeet.badpanda@sailrsp.co.inRourkela, OdishaBegraj Sainibegrajs@hdfclife.in9988018199AGM (PL-W&C) ISPSuresh Sivaraman9434776364sailisppay@hotmail.comBurnpur, West BengalBegraj Sainibegrajs@hdfclife.in9988018199DGM (Finance)-Exec. Pay ASPSarmistha Dutta9434798844dattasarmistha931@gmail.comDurgapur, KolkataBegraj Sainibegrajs@hdfclife.in9988018199Manager (P&A) SSPV. Dhanalakshmi 9489729135dhanassp@sailssp.inSalem, Tamil NaduBegraj Sainibegrajs@hdfclife.in9988018199AGM (Personnel) VISLNaveen Rahul, 9480829163vislpers@sail-visl.comBhadravati, KarnatakaBegraj Sainibegrajs@hdfclife.in9988018199Manager (Personnel) RMDJaydip Som,9477702049financermd@gmail.comKolkata, West BengalKamlesh Vishwakarmakamlesh_v@hdfclife.in7982304765DGM (F&A) CMORajesh Dasgupta, 9477702482rajeshdasgupta@sail-steel.comKolkata, West BengalKamlesh Vishwakarmakamlesh_v@hdfclife.in7982304765GM (F-Pay & PF) GD & SGW –KultiAvijit Barman9477702491avijit.sgw@gmail.com Kulti, West BengalKamlesh Vishwakarmakamlesh_v@hdfclife.in7982304765Manager (F&A) Collieries DivisionAjay Kumar9470194902personnelchasnalla@gmail.comKolkata, West BengalKamlesh Vishwakarmakamlesh_v@hdfclife.in7982304765AGM (P&A) EMDBasabi Sen9477702416finemd17@gmail.comKolkata, West BengalKamlesh Vishwakarmakamlesh_v@hdfclife.in7982304765Sr. Manager (EMD) CFPVandana M. Deshmukh9420479478vndudeshmukh@gmail.comChandrapur, MaharashtraKamlesh Vishwakarmakamlesh_v@hdfclife.in7982304765AGM (P&A) BSPKrishna Sah9407982109krishnasah@sail-bhilaisteel.comBhilai, ChhattisgarhGopal Ji Prasad Guptagopaljiprasadg@hdfclife.in9755888867General Manager (P-ES) Ranchi UnitsManas Rath8986880220manas@sail-rdcis.comRanchi, JharkhandKamlesh Vishwakarmakamlesh_v@hdfclife.in7982304765GM (Personnel) BSLD R Toppo, 8986872751dr.toppo@sailbsl.inBokaro, JhakhandSaurabh Avasthisaurabh.a105@hdfclife.com9899238709GM (P-NW Services & FSC) CCSOSujeet Kumar Sahu 8986878525sujeetccso@gmail.comDhanbad, JharkhandKamlesh Vishwakarmakamlesh_v@hdfclife.in7982304765Sr. Manager (F) Corp. OfficeVaani Kapoor9810065715 New DelhiKamlesh Vishwakarmakamlesh_v@hdfclife.in7982304765 DGM(P-ESS)
14. Existing CPSU Clientele14
15. Thank youThis is not a complete presentation of the product features and charges. You are requested to refer to relevant training material, product specifications, product brochures, sales aids, to understand how this product will work. Product – HDFC Life New Immediate Annuity Plan, UIN –101N084V02. 1The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed as mentioned in the policy document. * Tax Benefits are subject to changes in the tax laws. Tax related views are of HDFC Life. Please seek independent tax advise from a qualified tax consultant before investing. THIS PRESENTATION IS NOT FOR EXTERNAL CIRCULATION.