Pension Plus is a market leading pension plan that helps you accumulate and grow your investments, to fund your post-retirement years through:

Attractive returns (one of the best in the industry, enhanced by loyalty additions for all regular premium polices, with policy term of at least 20 years)
Option of Indexation and Additional Regular Premium to beat inflation as well as align the retirement corpus with the desired lifestyle post-retirement
Entry Age: 18 to 65 years (last birthday)
Policy Term: Minimum 5 years; Maximum up to vesting age chosen
Vesting/ Maturity age: 40-70 years (last birthday)
Annual Premium:
For policy term at least 10 years, Minimum Premium is Rs 6,000 for regular premium policies
For policy term less than 10 years, Minimum Premium is Rs 15000 for regular mode of payment
For single premium policies, Minimum Premium is Rs 1 lakh
Maximum Premium: No limit
Fund Options:
Pension Protector Fund
Pension Balanced Fund
Pension Growth fund
Pension Index fund
Increase Premium: through Indexation and Additional Regular Premium
Easy Steps to your planStep 1
Decide the annual income you will need on retirement. This will define the Policy Term and the premium payable.

Tip – Use the retirement calculator to help you decide
Entry age : 18-65 years (last birthday)
Policy term: Minimum – 5 years, Maximum – upto vesting age chosen
Vesting/Maturity age: 40-70 years
Refer to the policy brochure for more details



Step 2
Choose the amount of premium to be paid
Annual premium – Minimum Rs 6000 for regular premium (Rs 15000 for policy terms less than 10 years), Rs 100,000 for Single Premium. No limit on maximum

Step 3
Choose the funds you want to invest in, depending on your risk appetite.
The funds available to you for investment are Pension Protector, Pension Balanced, Pension Growth and Pension Index Fund

What am I going to get?Death Benefit: The nominee receives 100 per cent of the fund value, in addition to the value of units pertaining to top-up premium(s) and additional regular premium. The amount can either be paid as a lump sum or or used to purchase an annuity.
Maturity Benefit: Market linked returns in the form of the fund value (in addition to the value of units corresponding to, top-up premium(s) and additional regular premium) to purchase an immediate annuity, at prevailing annuity rates. You have an option to take back upto one-third of maturity value as a tax-free lump sum and use the balance to purchase an annuity from Aviva or from any Life Insurance company registered with IRDA.
To see an illustration for yield net of charges click here


A 30 year old, paying annual premium, and who has opted for Pension Balanced Fund, will have a similar yield as given in illustration.



Tax Benefit:Tax benefits can be availed under Section 80C/ 80CCC(1) and Section 10(10A)(3) of the Income Tax Act, 1961
Other Benefits:You can increase your regular premium through indexation and additional regular premiums