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LIC Pension Plus Plan  Life Insurance Corporation’s Pension Plus plan is a unit-linked deferred pension plan, a type of ULIP, where the premiums paid by you are invested in debt or equity funds. The investment risk in this portfolio is borne by the policyholder as the value of investments may fluctuate depending on the performance of the market. The policy does not offer life insurance cover and once the policy matures or completes the lock-in period, you have to convert at least two-thirds of the amount into an annuity plan. Pension Plus Features: 1. Guaranteed Maturity Proceeds 2. One-third of the corpus can be withdrawn as a lumpsum amount 3. The remaining two-thirds would be paid in either monthly or half-yearly installments after maturity 4. Guarantee of interest rate on Discontinued Policy Fund: 5. Top-up (Additional Premium) : 6. Switching: 7. Partial Withdrawal: 8. Revival: 9. Conversion to annuity: 10. Minimum allocation charge Benefits of LIC Pension Plus: ...

MarketConnected Global Updates:* **Topic in Trend: India is seeing surge in Nonbank lending -According to Fitch Group, lending by non-banking finance companies jumped 40% to an estimated $200 billion in the two years ended in March, versus growth of 15% to $1100 billion. -New York based Apollo Global Management invested $300 million to buy GE Capital Services India, Credit Suisse Group put $20 million in Hero Fincorp Ltd and Goldman Sachs has invested in IndoStar Capital Finance Ltd. -According to recent research in finance sector, Surge in lending by Non banking finance companies is due to the following reasons: —Banks do'not like to do small transactions like lending to truck and van drivers and such individuals. —Indian banks are weighed down by bad loans. Nearly 5.7% of loans at Indian banks were nonperforming last year, compared with 1.5% for U.S. banks, according to World Bank figures. **News: Europe: -ECB tells Monte dei Paschi it needs to raise 8.8 billion euros. Needs to ...