Aviva Pension Plus

Regular Savings Personal Pension Plan

PensionPlus is a tax efficient, that is help you earn a regular income, even after you stop working. Through this plan, you build a fund till you retire which provides you financial security after retirement.

PensionPlus offers you 5 unit linked funds including a new Pension Protector Fund and a new Pension Index Fund which invests your premium in line with the stock market. It also gives you the flexibility of increasing your regular premiums when you need to and protect the real value of your investments through the Indexation option. With PensionPlus you can also revise the policy term as per your convenience.
Some retirement products like the public provident fund allow you to accumulate over the years, and return a corpus. A pension product, on the other hand, takes in your regular contributions over your earning years, and then pays you regularly starting your vesting age the age at which you intend to retire.

Insurance companies offer two kinds of pension plans - endowment and unit linked. Endowment plans invest in fixed income products, so the rates of return are very low. Unit-linked plans are better, as they are more flexible. You can stop contributing after 10 years and the fund will keep compounding your corpus till the vesting date. You can opt for higher exposure in the stock market for your plan if your risk appetite allows it. Lower risk options like balanced funds are also offered.