Pension Plus

LIC’s Pension Plus is a unique ULIP plan where the minimum rate of interest is guaranteed. This plan is excellent investment towards essential long term financial planning.

Pension Plus is in compliance with the current IRDA norms. Pension Plus is truly an innovative plan that suits your needs just too perfectly. The features of the plan are mentioned below:

  • A unique Unit Linked Pension Plan with guarantee on the minimum rate of interest.
  • Rate of Interest applied to gross premium.
  • Being Market Linked, the plan has possibility of getting excellent returns.
  • Due to minimum interest guarantee, you are protected against fluctuation of interest due to policies of the government in the distant future.
  • Choose any one of the 2 funds i.e. Debt (Low Risk) & Mixed (Medium Risk)
  • Free switching between funds two times every year and at a very nominal fee thereafter.
  • Top-ups facility – additional premium can be paid at anytime to invest in the funds with no

    upper limit.

Benefit on Maturity :

Annuity purchased from Fund Value or Guaranteed Maturity Proceeds whichever is higher.

Option to commute 1/3rd. of the Maturity Proceeds.

Compulsory purchase of Annuity ensures channelisation of funds for specific purpose.

In case of death – Fund Value. Nominee has the option to receive the amount in lump Sum or as Annuity.

Convenient modes of payment, Single Premium mode also available.

No surrender charges will be imposed after 5 yrs.

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