PENSION PLAN
Live our dream,
even when you retire!
Today, for a better tomorrow
- Why a Personal Pension Plan?
- Life starts at retirement?
- You are planning to live your dream after a long working life?
- What if you had no income after retirement? Do you wish to be financially dependent?
- Start saving today for your retirement so that you can enjoy after so many hardworking years.
Benefits
- Greater of either the value of your accumulated fund or else gross contribution paid plus an interest of 4.5% p.a.
- Life term pension as from retirement
- Minimum guarantee of 5-10 years of pension
- 25% of fund value as tax-free lump sum(subject to prevailing taxation threshold provisions)
Product Features
| Type of policy Unit linked | Unit linked |
|---|---|
| Can be effected on | Single Life only |
| Min. - Max. Retirement Age | 55 years - 70 years old |
| Min. - Max. Age at entry | 18– 60 (actual age) |
| Maturity Age Limit | 70 Years Old |
| Frequency of Premiums | Monthly and Single |
| Minimum Monthly Premium Minimum Single Premium |
Rs 500.- Rs 10,000. |
| Death Benefits | Greater of Fund Value or Gross Contributions + 4.5% p.a. |
| Pension Term Guarantee | 5 to 10 years |
| Flexibility | - Joint pension available - Ease of contributions - Choice of investment funds - Possibility to switch funds |