Pension Insurance Plan

Pension Insurance Plan — This plan guarantees a lifelong pension, together with the assurance of receiving the pension for the first 10 years from the date the pension commences. If the policyholder dies within 10 years of the commencement of the pension, the pension for the remaining period up to the completion of 10 years will be paid to his nominee. If the policyholder dies before the pension commences while the policy is in force, all the premiums deposited by him will be refunded to his nominee together with profit at a minimum rate of 10%.