| Future Plus, a deferred pension plan, is available with or without life cover and can be taken as a single premium policy or under regular premium payment mode. |
| The plan comes with riders like accident benefit and critical illness. This apart, an investor can also choose his/her fund composition based on the risk appetite. |
| Four free switches between the funds (bond, income, growth or balanced) will be permitted during a year. The maturity proceeds will be paid as pension at prevailing annuity rates. The policyholder has the option to get the pension from any pension provider. |
| Addressing a press conference, A K Sahoo, regional manager (marketing), LIC (south central zone), said, "By March 31, 2005, we are targetting an overall composite premium of Rs 1,550 crore from the zone." |
| The south central zone has so far collected a premium of around Rs 1,000 crore this fiscal. |
| "We are looking at collecting a sum assured of Rs 36,400 crore by this month-end and have crossed the Rs 19,000-crore mark as on this date," Sahoo said. |
| "Around 40 per cent of our total yearly business is earned during March. We are, therefore, positive of crossing the 46-lakh mark in terms of number of policyholders by March end, from the current 26 lakh," he added. |
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