LIC’s New Pension Plus is a Non-Par, Linked, Pension individual savings plan that aims to create wealth via systematic and disciplined savings that can be transformed into regular income. The plan can be purchased in either Single Premium or Regular Premium payment frequency.
You have a choice of investing premiums in one of the four types of investment funds available. Each Premium paid, after deduction of Premium Allocation Charge, shall be utilized to purchase units of the Fund chosen. The Unit Fund Value shall be subject to deduction of various other charges either as cancellation of number of units or by adjusting the Net Asset Value (NAV).
