Thursday, September 2, 2010

### LIC’s Pension Plus....

### LIC’s Pension Plus....
*Pension Plus is a unit linked deferred pension plan, which provides you a minimum guarantee on the gross premiums paid.
*The plan is without any life cover.
*You have a choice of investing your 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.
*The Unit Fund is subject to various charges and value of units may increase or decrease, depending on the Net Asset Value (NAV).

1. Payment of Premiums:
*You may pay premiums regularly at yearly, half-yearly or quarterly or monthly (through ECS mode only) intervals over the term of the policy. Alternatively, a Single premium can be paid.
*A grace period of 30 days will be allowed for payment of yearly or half-yearly or quarterly premiums and 15 days for monthly (through ECS) premiums.

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