LIC Pension Plus

LIC Pension Plus Scheme LIC To Launch Pension Plus Scheme With Guaranteed Return Life Insurance Corporation (LIC) has launched a unit-linked pension scheme with a minimum guaranteed return of 4.5 per cent, called Pension Plus The complete pension plan guide Contact Lic Agent Chennai/

Life Insurance Corporation of India (LIC) has announced launch of its new product - LIC's PENSION PLUS with effect from 2nd September 2010

LIC to launch Pension Plus scheme with guaranteed return‎ - LIC launches pension plan‎ we help you build retirement corpus Get regular income after retirement. LIC launches unit linked deferred pension plan

LIC to launch Pension Plus scheme with guaranteed return lic plans lic pension plan lic agent lic agents lic plan lic Chennai lic premium lic schemes Life Insurance Corporation (LIC) it will launch a unit-linked pension scheme with a minimum guaranteed return of 4.5 per cent, called Pension Plus. Compare All Insurers Pension Plans online this is a unique pension plan where a minimum rate of interest of 4.5 per cent is guaranteed, he said, adding that after maturity, one-third of the corpus can be withdrawn as a lump sum amount.

The remaining two-thirds would be paid in either monthly or half-yearly installments after maturity, which would be decided by the policy holders, he said.

The Pension Plus policy is in line with the Insurance Regulatory and Development Authority's latest ULIP guidelines, which became effective today, he said.

The Pension Plus plan would be available in two options -- debt fund and mixed fund. Under the debt fund, not less than 60 per cent of the corpus would be invested government securities, while the remaining 40 per cent would go into money market instruments, he said.

In the case of the mixed fund plan, he said the investment in government securities would not be less than 45 per cent, while 40 per cent would go into money market instruments and 15-35 per cent into equities.

This plan can be subscribed by any one between 18-75 years of age and the minimum maturity period is 10 years. LIC Pension Plus Scheme LIC To Launch Pension Plus Scheme With Guaranteed Returns LIC Pension Plus Scheme LIC To Launch Pension Plus Scheme With Guaranteed Returns new LIC Pension Plus Scheme LIC To Launch Pension Plus Scheme With Guaranteed Returns. LIC Pension Plus Scheme LIC To Launch Pension Plus Scheme With Guaranteed Return Life Insurance Corporation (LIC) has launched a unit-linked pension scheme with a minimum guaranteed return of 4.5 per cent, called Pension Plus. Lic Pension Plus Calculator, Lic Pension Plus Scheme, Lic Market Plus Pension plan, Lic insurance Plan LIC's Pension Plus is a unit linked deferred pension plan, which provides the customer a minimum guarantee on the gross premiums paid.

productive span and a happy independent retired lifestyle for yourself and your spouse
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LIC’s Pension Plus is a unit linked deferred pension plan, which provides the customer a minimum guarantee on the gross premiums paid. The plan is without any life cover
Life Insurance Corporation of India (LIC) has announced launch of its new product – LIC’s PENSION PLUS with effect from 2nd September 2010.

LIC’s Pension Plus is a unit linked deferred pension plan, which provides the customer a minimum guarantee on the gross premiums paid. The plan is without any life cover. The customer has a choice of investing the premiums in one of the two types of investment funds available. Premiums paid after deduction of allocation charge will purchase units of the Fund type chosen. Within a given policy year 2 switches are allowed free of charge.

Anybody between ages 18 – 75 years can buy this policy. Minimum Deferment Term allowed is 10 years. Minimum Vesting Age is 40 years while the Maximum Vesting Age allowed is 85 years.

On surviving to the date of vesting, the higher of Policyholder’s Fund Value or Guaranteed Maturity Proceeds will compulsorily be utilized to provide an annuity based on the then prevailing immediate annuity rates. However, the policyholder may opt to commute up to one-third of the Benefit to be paid as a lump sum.

Premiums can be paid through regular modes at yearly, half-yearly or quarterly or monthly (through ECS mode only) intervals over the term of the policy. Single premium payment facility is also allowed. The minimum regular premium that can be opted through modes other the ECS mode is Rs 15000 per annum while the maximum allowed for regular premium is Rs 1,00,000. For the ECS mode of payment, the minimum premium is Rs 1500 per month.

The minimum single premium that can be paid is Rs 30000 while there is no limit on the upper side. Top up facility is available under this plan which enables the customer to pay additional premiums in multiples of Rs 1000/- without any limit at anytime, during the term of the policy.

The unique feature of the plan is the minimum guarantee on contributions that if offers. As per the plan, if all due premiums are paid till maturity, a guaranteed interest shall accrue on the gross premium, including Top-up premiums if any. The guaranteed interest rate shall be 50 basis points above the average of the reverse repo rate. However, it shall be subject to a maximum of 6% and a minimum of 3%. Currently, a minimum guaranteed rate of 4.5% p.a. would be available on all premiums received up to 31st March, 2011.

In case of Death, The Policyholder’s Fund Value shall be payable either in a lump sum or as an annuity, as desired by the nominee. The amount of annuity will depend on the payable lump sum and the then prevailing immediate annuity rates under the annuity option chosen.

In case of surrender of the policy within 5 years from the date of commencement of policy, the Policyholder’s Fund Value after deducting the Discontinuance Charge shall be converted into monetary terms. The Proceeds of the Discontinued Policy shall be utilized for payment of an annuity, on completion of 5 years from the date of commencement of policy. In case, however, the policy is surrendered after 5 years from the date of commencement of policy, the Policyholder’s Fund Value, as at the date of surrender, shall be utilized for payment of an annuity and there will no Discontinuance Charge.
Pension Plans are Individual Plans to gaze into your future and foresee financial stability during your retirement age. These policies are most suited for senior citizens and those planning a safe and secure future. The objective of LIC’s pension plan is to provide financial security to your family during your
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lic pension plan details Features LIC OF India pension plan free quotes . Compare Lic Pension Plans, market plus lic JEEVAN NIDHI, JEEVAN AKSHAY – V

You can take a policy from LIC and make a pension plan

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Lic PENSION PLANS                 Pension Plans are Individual Plans that gaze into your future and foresee financial stability during your old age. These policies are most suited for senior citizens and those planning a secure future, so that you never give up on the best things in life. New Jeevan Suraksha-I

These are Deferred Annuity plans that allow the policyholder to make provision for regular income after the selected term.

New Jeevan Dhara-I

These are Deferred Annuity plans that allow the policyholder to make provision for regular income after the selected term

Jeevan Akshay VI

It is an Immediate Annuity plan, which can be purchased by paying a lump sum amount. The plan provides for annuity payments of a stated amount throughout the life time of the annuitant. Various options are available for the type and mode of payment of annuities

jeevan Nidhi

LIC's JEEVAN NIDHI is a with profits Deferred Annuity (Pension) plan. On survival of teh policyholder beyond term of teh policy teh accumulated amt (i.e. Sum Assured + Guaranteed Additions + Bonuses) is used to generate a pension (annuity) 4  teh policyholder. teh plan also provides a risk cover during teh deferment period. teh USP of teh plan being teh pension can commence at 40 years.  teh premiums paid are exempt under Section 80CCC of Income Tax Act.

lic market plus

This is a unit linked pension plan wherein the pension is payable after a   specified period.  Four types of investment Funds namely Bond, Secured, Balanced and Growth Fund are offered. Though primarily a Pension product, the plan has many attractive features and options which make it an ideal Retirement solution for the future.

Best Lic Plans

New Bima Gold
premiums paid over the term of plan are paid back during the policy term. Jeevan Saral
Good features of the conventional plans and the flexibility of unit linked plan Jeevan Anand:
Jeevan Anand is the combination of Endowment Assurance and Whole Life plan. Jeevan Anand offers double enjoyment in a policy. Jeevan Anand provides you High risk cover & high retuns by paying modrate premiums. Jeevan Anand is really good having excellent returns and very much beneficial. LIC Agent in Chennai-

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