Product Specification-pension-super-plus-plan

Policy Details Grace Period: 15 days grace period is allowed in monthly mode and 30 days in other modes. Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges. The Surrender Value should be used to receive annuity under the same options as on vesting. Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Exclusions There are no exclusions under the plan Inclusions Top-ups can be done subject to a minimum of Rs.10,00 to increase the Fund Value Additional Features or Riders From the 11th year onwards, premiums paid are allocated @ 102.5% of the amount paid thereby resulting in the extra allocation of premiums