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.