Pensions Plans

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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 :
A) unique Unit Linked Pension Plan with guarantee on the minimum rate of interest.
B) Option to commute 1/3rd. of the Maturity Proceeds.

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

Term Age Sum
Minimum 10 18 0
Maximum 67 75 0

Premium Ceasing Age : 85

Premium Ceasing Term : 61