Personal Pension Plan-without profit (Plan - 019)

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Personal Pension Plan-without profit (Plan - 019)

Basic objective of this pension plan is to ensure financial security and comfort at old age.

 

Policy Term

Minimum 12 year

Age at commencement

Maximum 58 years

Age at maturity

Maximum 70 years

Mode of payment

Half-yearly, Yearly

Benefits:

Maturity benefit

  • 10 years guaranteed pension and for life thereafter will be paid to the insured.

Death benefit

  • On death of the insured during the term of the policy the nominee(s) will be paid all deposited premium with 10% interest.

Income Tax

  • Deduction of 5% tax from any payment in excess of premium paid.
  • The Policyholder can avail tax rebate facility against the policy.
  • Death claim is tax free.