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 is a single premium pension policy that provides you the opportunity to enjoy regular
income as pension post retirement by paying just a single premium. This product comes with the Pension Return
Guarantee Fund (PRGF) that provides you a minimum guaranteed return by way of a guaranteed NAV at the time of
vesting(Conditions Apply*). The policy value at date of vesting is also subject to the minimum guaranteed return as
prescribed by IRDA from time to time.

 
 (Conditions Apply*)

This Policy offers you a minimum guaranteed return, as prescribed by IRDA from time to time, on the original vesting
date. This return is offered by way of a guaranteed NAV. The applicable guaranteed NAV is declared at the beginning
of the subscription period of the tranche of the Pension Return Guarantee Fund in which the premium is invested.
The NAV applicable at vesting is the higher of the guaranteed NAV and the then prevailing NAV. The policy value at
date of vesting is also subject to the minimum guaranteed return.

*In case of surrender and Death Benefit payouts, guaranteed NAV will not be applicable. There will be a cost of
investment guarantee of 0.25% p.a. of Fund Value which will be charged by adjustment to the fund NAV.

Minimum/Maximum Age At Entry

35/ 70 years

Minimum / Maximum Vesting Age

45 / 80 years

Policy Term

10 years

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á  

c  Pay premium only once and get regular income (pension) post retirement

á  
 
   Flexibility to choose a pension plan as per your needs

á !
 
  Receive pension at any time after the age of 45

á
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   Up to 2.5% of Fund Value at the end of the tenth policy year, on premium payments of Rs 50,000
and above
á
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 **  On the premium paid and benefits received under the policy, as per the prevailing Income Tax laws

**Tax benefits under the policy are subject to conditions under section 80CCC and 10(10A) of the Income Tax Act,
1961.Service tax and education cess will be charged extra as per applicable rates and company policy from time to
time. The tax laws are subject to amendments from time to time. Amount received on surrender or as pension is
taxable as income.

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á You need to choose the premium amount for your policy

á After deducting the premium allocation charge, the balance amount will be invested in the Pension Return Guarantee
Fund

á At vesting of your policy, you can choose from the available pension options to receive your pension

á In the unfortunate event of death of the Life Assured during the term of the policy, your nominee will receive the Fund
Value. The guaranteed NAV does not apply on death




 
 


 
 



All investments in this product will be made in the closed-ended Pension Return Guarantee Fund. The Pension
Return Guarantee Fund (PRGF) consists of closed ended tranches of terms 5 and 10 years and provide returns over
a specified period, subject to a guarantee. Only 10 year tranche is available at outset. The fund will be offered in
tranches, each of which will remain open for subscription for a brief period of time and terminate on a specified date.
We shall guarantee the NAV only at the termination of each tranche. The NAV applicable at the termination of each
tranche is higher of the guaranteed NAV and the then prevailing NAV. New tranches of this fund will be offered from
time to time and the guaranteed NAV is declared at the beginning of the subscription period of each new tranche. The
applicable guaranteed NAV for your policy is that of the tranche of the PRGF in which your premium is invested.

As the term of the policy is fixed at 10 years, at time of purchase of policy you can only opt for a PRGF tranche with a
term of 10 years. However for postponement you are free to choose either a 5 year or 10 year tranche subject to the
maximum vesting age restriction and the availability of a tranche that is open for subscription at that time.
Postponement can be made subject to meeting the minimum guaranteed return.
 Risk-
% %
Fund name & its objective Asset Allocation Reward
(Min) (Max)
Profile
Pension Return Guarantee Fund: To provide
Debt Instruments,
guaranteed returns through investment in a
Money Market & 100% 100% Low
diversified portfolio of high quality fixed income
Cash
instruments.


 


 
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Minimum Guaranteed PRGF NAV on the Higher Number of units in PRGF Amount payable at
NAV of the PRGF date of termination of of (A,B) on the date of termination termination of
tranche tranche of tranche tranche
(A) (B) (C) (D) (C x D)

Scenario1 Rs. 20 Rs. 22 Rs. 22 1,000 Rs. 22,000

Scenario2 Rs. 20 Rs. 18 Rs. 20 1,000 Rs. 20,000


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We offer several options for you to buy as per your convenience. Choose from one of the following 

á Meet an advisor

á Visit your nearest branch