PENSION PLUS

Plan for pension …..

Plan for lifelong celebration …..

Created By: Naveen Verma (Direct Marketing)

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 retunes.
 Easy purchase
 Convenient modes of payment, single premium mode also available.
 Compulsory purchase of annuity ensures channelization of funds for
specific purpose.
 Regular income from the commencement of annuity.
Guaranteed Maturity Proceeds
If all due premiums paid till maturity, a guaranteed interests be on the
gross premiums, including top-up premiums, if any. The guaranteed
interest rate shall be 50 basis points above the average of reverse repo
rate prevailing as on the last working day of June, September,
December & March of the preceding year subject to a maximum of
6% & minimum of 3%.

This is not applicable to a discontinued policy

A unique unit linked Pension Plan with guarantee on the
minimum rate of interest.

Rate of interest applied to gross premium .

Being a ULIP (Unit Linked Insurance Plan) the fund has

immense possibility for growth.

Benefit of Annuity from Maturity Proceeds.

Benefit on maturity
The higher of policyholder’s fund value payable to the nominee. The
nominee can also take the same partially as lump sum and the balance
as the annuity.

Benefit on vesting
The higher of policyholder’s fund value and guaranteed maturity
proceeds will compulsorily be utilized to provide on annuity. Minimum
guaranteed rate of 4.5% P.A. for all premiums and top-ups received
upto 31st March, 2011.
Conversion to annuity
The benefit amount, payable in case of surrender or on discontinuance
of premium or on vesting, shall compulsorily be utilized to provide an
annuity subject to the following conditions:
1. The policyholder will have an option to commute upto a
maximum 1/3rd of

a. The higher of policyholder’s fund value and guaranteed maturity

proceeds, in the event of vesting, or
b. Proceeds of the discontinued policy, if policy is discontinued or
surrendered within 5 years from the date of commencement of
policy, or
c. Policyholder’s fund value, if policy is discontinued or surrendered
after 5 years from the date of commencement of policy, whichever
is applicable.
2. The commutation will be allowed provided to the balance amount
is sufficient to purchase a minimum amount of annuity.
3. In case the balance amount is sufficient to purchase the minimum
amount of annuity, then the said amount shall be refunded as a
lump sum to the policyholder.
4. The policyholder shall have an option to purchase immediate
annuity from any other life insurance company.
Fund Type
Fund Type Investment in Short-term Investment in Details and
govt./govt. investments listed equity objective of
guaranteed such as money shares the fund for
securities/ market risk/return
corporate instruments
debts

Debt Fund Not less than Not more than Nil Low risk
60% 40%

Mixed Fund Not less than 40% Not less than Steady income
45% 15% & not more – lower to
than 35% medium risk