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LICs PENSION PLUS, a unit linked deferred plan, launched with effect from 2nd September, 2010.
What makes it more attractive?
1)Unique feature is the minimum guarantee on the gross premiums paid.
2) Low allocation charges - means more number of units will be invested, resulting in higher returns.
3) Beneficial for short term investers as well because of low surrender charges. Discontinuation charge applicable for surrender within 5 years, and no discontinuation charge for surrender after 5 years.)
The Plan:The plan is without any life cover. Two types of investment fund choices. 2 Free switches in a policy year
Anybody between ages 18 – 75 years can buy this policy.
Minimum Deferment Term allowed is 10 years.
Minimum Vesting Age is 40 years Maximum Vesting Age allowed is 85 years.
Modes: Regular- yearly/half-yearly/quarterly/monthly/through ECS mode only.) &. Single.
Regular –Min.Premium Rs 15, 000/- per annum. Max. .Rs 1, 00, 000/per annum.
ECS mode -minimum premium is Rs 1500 per month.
Single Premium Rs 30, 000/-. Max. no limit.
Top up facility to pay additional premiums in multiples of Rs 1000/- without any limit at anytime, during the term of the policy.
For further details, please contact: A P Suresh Babu, Insurance Advisor-LIC, Mob: 9980342917. Email: apsuresh46@gmail.com
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