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Pension Plus
Pension Plus




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Pension Plus Premium

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1 Premium
1.1 Minimum Premium
1.1.1 Min Premium
Kotak Preferred..
₹ 15000
Rank: 49 (Overall)
HDFC Life Group Credit Protect Insurance Plan Premium
1.1.2 Min Premium (Variable)
Not Applicable
1.2 Maximum Premium
1.2.1 Max Premium
Metlife Traditi..
₹ 100000
Rank: 24 (Overall)
HDFC Life Pradhan Mantri Jeevan Jyoti Bima Yojana Premium
1.2.2 Max Premium (Variable)
Not Applicable
1.3 Payment Options
Regular Pay, Single Pay
1.4 Regular Modes
Annual, Monthly, Quarterly, Semi-Annual
1.5 Top Up
Allowed
1.5.1 Top Up Value
Kotak Invest Ma..
₹ 1000
Rank: 6 (Overall)
Pension Plus Premium

Pension Plus Premium Payment

Pension Plus premium payment mode/s includes Regular Pay and Single Pay. Pension Plus Benefits can be availed only after payment of all the premiums is done. Regular payment includes payment of premium at specific intervals. Limited payment includes payment of premium for a specific amount of time say 3 to 5 years whereas Single payment refers to payment of a lump sum amount of money in one go.

Pension Plus Premium Amount

Pension Plus premium amount indicates the minimum premium or maximum premium one can pay towards their insurance plan. Premium is the amount of money you have to pay to the life insurance company against your life cover. Some companies impose a limit on minimum and maximum premiums one can pay towards a single policy drawn. Sometimes this limit is fixed irrespective of the amount of sum assured whereas for some plans these values vary according to the type of plan, minimum sum assured, age of the life insured, etc. Details of premium limits for Pension Plus are as follows:

  • Fixed Minimum Premium: ₹ 15000
  • Variable Minimum Premium: Not Applicable
  • Fixed Maximum Premium: Not Applicable
  • Variable Maximum Premium: Not Applicable

Premium Payment Options for Pension Plus

Premium payment options for Pension Plus are the ways in which premium can be paid by the life insured to Life Insurance Corporation of India. For this plan, options to pay the premium include Regular Pay and Single Pay. Some Pension Plus Provisions include riders in which premium payment can be waived off. Within regular pay mode, there five options through which premium can be paid. These options are: Annual payment, Semi-annual payment, quarterly payment, monthly payment and payroll savings program. Not all will be applicable for all the insurance plans.

Pension Plus Premium Top-up

Top up is a facility which is generally provided in Unit Linked Life Insurance Policies. Pension Plus premium top-up is an additional amount of money that can be paid along with the premium to get returns. Top up premium is allowed for this plan. Top up premium value for this plan is ₹ 1000. Top up premium can be used to acquire additional gains in a life insurance policy. It can be paid any time during the policy term at irregular intervals excluding the basic regular premium payment.

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