Pension plus t803

1. LIC’S PENSION PLUS
TABLE NO 803

2. LIC’S PENSION PLUS
•A unique Unit Linked Pension Plan with
guarantee on the minimum rate of
interest.
•Rate of Interest applied to gross
premium.
•Being a ULIP plan the fund has
immense possibility for growth.
•Benefit of Annuity from Maturity
Proceeds.

3. LIC’S PENSION PLUS
Benefit on Maturity :
•Annuity purchased from Fund Value or
Guaranteed Maturity Proceeds
whichever is higher.
•Option to commute 1/3
rd
. of the
Maturity Proceeds.
Benefit on death -Fund Value.
Nominee has the option to receive the
amount in lump Sum or as Annuity.

4. Guaranteed Maturity Proceeds
: If all due
premiums are paid till maturity, a guaranteed
interest shall accrue on the gross premium,
including Top-up premiums, at the end of each
financial year.
The guaranteed interest rate shall
be 50 basis points above the average of the
reverse reporate prevailing as on the last
working day of June, September, December and
March of the preceding year.
However, the guaranteed interest rate shall be
subject to a maximum of 6% and a minimum of
3%. This guaranteed interest rate is not applicable
to a discontinued policy.
The minimum guaranteed rate of 4.5% p.a. is
applicable to all premiums received up to 31st
March, 2011, including any Top
-
up premiums paid.

5. PENSION PLUS -Fund Type
Low risk
Steady  Income  –
Lower  to 
Medium risk
Nil
Not  less  than 
15% &
Not  more  than 
35%
Not more than 
40%
Not more than 
40%
Not less than 
60%
Not less than 
45%
Debt  
Fund
Mixed 
Fund
Details  and 
objective  of  the 
fund  for  risk 
/return
Investment  in 
Listed  Equity 
Shares
Short-term 
investments 
such as money 
market 
instruments
Investment in 
Government / 
Government 
Guaranteed 
Securities / 
Corporate 
Debt
Fund 
Type

6. NA Sum Assured
No limit 1 lac 1 lac Maximum
`30000 `1500 pm `15000 pa Minimum
SP MLY (ECS) RP Mode -»
Premium
10 years Minimum
Deferment
Term
40 to 85 years Age at vesting
18 to 75 years Age at entry
PENSION PLUS : ELIGIBILITY CONDITIONS

7. `50/-for alteration. Miscellaneous charge
2 switches free . `100 thereafter Switching Charge
Debt Fund 0.70% p.a.
Mixed Fund 0.80% p.a.
Fund Management
Charge
`30/-pm during the first policy year and
`30/- pm escalating at the rate of 3%
pa. thereafter
Policy Administration
Charge
Top-up premium: 1.25%
2.50% Thereaft
er
4.50% 2
nd
to 5
th
6.75% 1
st
3.3%
Charge Year
Single Premium
Regular Premium
Premium
Allocation
Charge
PENSION PLUS : CHARGES

8. Pension Plus –Other features •If premiums are not paid within days of
grace life assured has to exercise option
to (i) Revive the policy or
(ii) Withdraw the policy.
•Revival: Payment of Arrears without
Interest.
•Withdrawal : On Withdrawal, Monetary
Value is due. 1/3
rd
of the Monetary Value
can be commuted, Balance is used for
Annuity.

9. Pension Plus –Other features •Withdrawal before 5 years: Monetary Value is
calculated on the date of termination. The
amount so calculated will earn interest @
3.5% p.a. from date of withdrawal to
completion of 5 years and will be due only on
completion of 5 years from the date of
commencement.
•Withdrawal after 5 years : Fund Value is due.

10. Pension Plus –Other features •Two free switches per year.
•Top-up premiums allowed except
during the last 5 years of Maturity.
•Partial Withdrawal Not allowed.
•Surrender allowed. Discontinuance
charges applicable for the first 5 years.

11. NIL NIL NIL NIL 5 
abo
ve
2000/- 2% 750/- 3% 4
4000/- 3% 1250/- 5% 3
5000/- 4% 1750/- 7% 2
6000/- 6% 2500/- 10% 1
Maximum Annualised
Premium or FV 
Maximum Annualised
Premium  or  Fund 
Value
Discontinuance charges shall be
lower of
Discontinuance charges shall be lower
of
Annualized premium above `
25,000/-
Annualized premium up to `
25,000/-
Disc
onti
nuan
ce
Year
PENSION PLUS: DICONTINUANCE
CHARGES

12. Why Pension Plus
•Minimum Interest Guaranteed. This
protects against fluctuation of interest due
to policies of the government in the distant
future.
•Since individuals in Private Employment
and those engaged in Business do not
have pension security, Pension Plus fulfils
their need for a secured future.
•Being Market Linked, the plan has
possibility of getting excellent returns.
•Easy Purchase.

13. Why Pension Plus
•Convenient modes of payment , Single
Premium mode also available.
•Compulsory purchase of Annuity ensures
channelisationof funds for specific
purpose.
•Regular income from the commencement of
annuity.
Thank You !