LIC PENSION PLUS (Plan No. 803)

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.


Benefit on Maturity :
• Annuity purchased from Fund Value or Guaranteed Maturity Proceeds whichever is higher.
• Option to commute 1/3rd. of the Maturity Proceeds.

Benefit on death - Fund Value. Nominee has the option to receive the amount in lump Sum or as Annuity.

Guaranteed Maturity Proceeds: 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 subject to a maximum of 6% and a minimum of
3%. This guaranteed interest rate is not applicable to a discontinued policy.
The minimum guaranteed rate of 4.5% p.a. is applicable to all premiums received up to 31st
March, 2011, including any Top-up premiums paid.


Pension Plus – Other features
• If premiums are not paid within days of grace life assured has to exercise option
to
(i) Revive the policy or
(ii) Withdraw the policy.
• Revival: Payment of Arrears without Interest.
• Withdrawal : On Withdrawal, Monetary Value is due. 1/3rd of the Monetary Value can be commuted, Balance is used for Annuity.
 Two free switches per year.

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 returns.
• Easy Purchase.
• Top-up premiums allowed except during the last 5 years of Maturity.
• Partial Withdrawal Not allowed.
• Surrender allowed. Discontinuance charges applicable for the first 5 years. • Convenient modes of payment , Single Premium mode also available.
• Compulsory purchase of Annuity ensures channelisation of funds for specific purpose.
• Regular income from the commencement of annuity.

Plan presentation specially customised for Chitta aged 31 years.
Presentation based on an assumed NAV growth rate of 13 % per annum.*
Year Age Premium Allocation charge Invested amount NAV Total Charges Deducted units Units after deduction Fund Value at year end
1 31 30000 2025 27975 10 2422.1 35.1 2762.4 31215
2 32 30000 1350 28650 11.3 1759 32 5300.9 67687
3 33 30000 1350 28650 12.8 1771.3 29.2 7547.4 108901
4 34 30000 1350 28650 14.4 1783.9 26.6 9535.6 155475
5 35 30000 1350 28650 16.3 1796.9 24.3 11295.1 208105
6 36 30000 750 29250 18.4 1210.3 22.1 12884.8 268256
7 37 30000 750 29250 20.8 1224.1 20.2 14291.7 336228
8 38 30000 750 29250 23.5 1238.4 18.4 15536.8 413037
9 39 30000 750 29250 26.6 1253 16.7 16638.7 499833
10 40 30000 750 29250 30 1268.1 15.3 17613.9 597914
11 41 30000 750 29250 33.9 1283.6 13.9 18476.9 708748
12 42 30000 750 29250 38.4 1299.7 12.7 19240.7 833991
13 43 30000 750 29250 43.3 1316.1 11.6 19916.6 975517
14 44 30000 750 29250 49 1333.1 10.5 20514.8 1135443
15 45 30000 750 29250 55.3 1350.6 9.6 21044.2 1316162
16 46 30000 750 29250 62.5 1368.6 8.8 21512.7 1520375
17 47 30000 750 29250 70.7 1387.2 8 21927.4 1751138
18 48 30000 750 29250 79.9 1406.3 7.3 22294.4 2011902
19 49 30000 750 29250 90.2 1426 6.6 22619.1 2306568
20 50 30000 750 29250 102 1446.3 6 22906.5 2639542
Total pension fund available at the end of 20 years will be Rs.2639541*
Pension Availble without commutattion Pension available with 1/3rd commutation
Pension Fund   Yearly pension Monthly pension Pension Fund Commuted amount Yearly pension       Monthly pension
2639542     195590 15573 2639541 879847 130393 10382

* Actual pension rate may varry depending on the performance of fund and annuity rate at the time of maturity.
* Fund Value Totally depends on NAV Values.
* This Presentaion Based on NAV Value 13. This illustration is may be not correct because Return depends NAV Value.