LIC's Market Plus - I Pension Plan(Plan 191): , launched on 17th
June 2008, is a Unit Linked Deferred Pension plan where the policy holder can choose the plan with or without risk cover.
BenefitsOn death of the policyholder within the deferment term where Life cover is opted for and is in force, the nominee is eligible to get the Sum Assured under the Basic Plan together with the Policyholder's Fund value
On death of the policyholder where the policy is taken without life cover, then the Policyholder's Fund value, is payable to the nominee.
On the policyholder surviving upto the date of vesting, the Policyholder's Fund value will compulsorily be utilised to provide an annuity based on the then prevailing immediate annuity rates under the relevant annuity option.
For more Detail Visit Market Plus Detail
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