Q:ENSURE PENSION!!!
THROUGH
LIC’s MARKET PLUS 1(CLOSES ON 30.6.2010)
This Unit Linked Pension Plan has been a great success so far. It has outperformed sensex even during recession.
This has 4 fund options. Growth Fund(40% to 80%) in shares. Balanced Fund(30% to 70%) in shares. Secured Fund(15% to 55%)in shares. Bond Fund(Invested fully in guaranteed and money market schemes. Possible switch between funds).
For investment in shares, only Blue Chip Companies are selected.
Rs 10 Lakhs invested in LIC’s Bima Plus in 2001, is today Rs 32 Lakhs.
This plan is available ‘with’ and ‘without’ life cover.
Regular Premium – Rs 5000/p a.(20 Years and above), Rs 10,000/- p.a(15 to 19 Years). Rs 15000/p.a(10 to 14 years).
Minimum Single Premiun – Rs 30,000/-. There is no upper limit.
Accumulated amount can be withdrawn 1 day before the pension starts. Alternatively, 1/3rd of the accumulated amount can be encashed on vesting and balance will be paid as pe
