Plan803

Plan803 - LICS PENSION PLUS TABLE NO 803 LICS PENSION PLUS...

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LIC’S PENSION PLUS TABLE NO 803
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LIC’S PENSION PLUS A unique Unit Linked Pension Plan with guarantee on the minimum rate of interest. Rate of Interest applied to gross premium. Being a ULIP plan the fund has immense possibility for growth. Benefit of Annuity from Maturity Proceeds.
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LIC’S PENSION PLUS Benefit on Maturity : Annuity purchased from Fund Value or Guaranteed Maturity Proceeds whichever is higher. Option to commute 1/3 rd . of the Maturity Proceeds. Benefit on death - Fund Value. Nominee has the option to receive the amount in lump Sum or as Annuity.
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Guaranteed Maturity Proceeds : If all due premiums are paid till maturity, a guaranteed interest shall accrue on the gross premium, including Top-up premiums, at the end of each financial year. The guaranteed interest rate shall be 50 basis points above the average of the reverse repo rate prevailing as on the last working day of June, September, December and March of the preceding year. However, the guaranteed interest rate shall be
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This note was uploaded on 02/17/2011 for the course FIN 360 taught by Professor Sam during the Spring '11 term at Rice.

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Plan803 - LICS PENSION PLUS TABLE NO 803 LICS PENSION PLUS...

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