Benefits-pension-super-plus-plan

On Vesting, higher of the accumulated Fund Value or Assured Benefit of 101% of premiums paid will be payable. The benefit can be used to: Purchase a Single Premium Deferred Annuity Plan from the company Commute 1/3rd of the corpus and purchase an Immediate Annuity with the remaining 2/3rd part from the company On death, higher of the Fund Value or total Premiums paid including top-up premiums accumulated at a guaranteed rate of 6% p.a. till death is payable subject to a minimum of 105% of all premiums paid including top-up premiums till death Income tax benefit on the premium paid as per Section 80CCC and on the commuted part as per Section 10(10A) of the Income Tax Act. Death Benefit is exempted under Section 10(10D) of the Income Tax Act