Fund Name | Fund Philosophy | Asset Allocation | Risk Profile | |
Pension Growth Fund | To achieve capital appreciation through a judicious mix of investments in equities and fixed income securities. | Equity# | 10%-60% | Medium to high |
Debt Securities | 20%-100% | |||
Money Market Instrument & Others* | 0%-80% | |||
Pension Balanced Fund | To achieve a balance between capital protection and returns through a judicious mix of investments in equities and fixed income securities. | Equity# | 0%-30% | Medium |
Debt Securities | 20%-100% | |||
Money Market Instrument & Others* | 0%-80% | |||
Pension Debt Fund | To provide capital protection and accumulation of income through investment in fixed income securities. | Equity# | 0% | Low |
Debt Securities | 20%-100% | |||
Money Market Instrument & Others* | 0%-80% |
Minimum | Maximum | |
Entry Age | 25 years | 70 years |
Vesting Age | 40 years | 80 years |
For QROPS policies = (55 Years to 75 Years) | ||
Premium Payment Term (PPT) | For Single pay – One time premium only Term (PPT) For Regular/Limited pay: Minimum: 5 years Maximum: Equal to the Policy Term PPT - Minimum Regular Pay: 10 years PPT - Maximum Limited Pay: 34 years For policy sourced under QROPS, only Single pay option is available |
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Premium Payment Modes | Regular / Limited pay – Annual & Monthly modes are available. For Monthly Mode: It is mandatory to pay first three months premium in advance. For QROPS policies, only Single pay option is available. |
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Minimum Premium | For Single pay - Rs. 3,00,000 (If it is purchased from the company's pension plan then there is no minimum premium limit) For Regular / Limited pay: Annual Premium (for premium payment term of 5 to 9 years): Rs. 50,000 Annual Premium (for premium payment term of 10 years and above): Rs. 25,000 Monthly Premium (for premium payment term of 5 to 9 years): Rs. 5,000 Monthly Premium (for premium payment term of 10 years and above): Rs. 3,000 For Top-ups - Rs. 10,000 |
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Policy Term | Vesting age less entry age, subject to following conditions:
Maximum policy term is (80 years - entry age)
Minimum policy term is 10 years For Regular / Limited pay, maximum policy term is limited to 35 years For Single pay variant, maximum policy term is limited to 30 years |