Claim Settlement Ratio of 99.23%^~

Bajaj Allianz Life Saral Pension

A Non-Linked Non-Participating Individual Immediate Annuity Plan

Guarantee^*: Lifelong guaranteed^* regular income¹

Flexibility: Receive annuity from next month onwards, subject to policy terms and conditions.

Legacy: Return of Purchase Price³ (ROP) to nominee on death

Family is the key: Joint life option with regular income for both lives¹

Overview
Key Advantages
How this works
Eligibility
Downloads
Sample Illustration
Annuity Options & Benefits

Bajaj Allianz Life presents a simple yet effective way of achieving your retirement goals. Bajaj Allianz Life Saral Pension is a single premium, non-linked, non-participating, individual immediate annuity plan, which provides regular income and also returns the purchase price on death.

Guarantee*

Lifelong guaranteed^* regular income¹

Flexibility

Receive annuity from next month onwards, subject to policy terms and conditions.^{^}

^{^}Receive annuity from next month onwards under monthly annuity option and after 3months, 6 months and 1 year in case of quarterly, half-yearly and annual options respectively

Legacy

Return of Purchase Price³ (ROP) to nominee on death

Family is the key

Joint life option with regular income for both lives¹

Easy Liquidity

Access to money through loan²

More Benefit

Liquidity on diagnosis of Critical Illness²

Choose the annuity option

Choose the Purchase price you wish to pay or the Annuity you wish to receive.

Choose the Annuity payout frequency.

Receive Annuity payouts as per chosen frequency.

Minimum Age⁴ at Entry (applicable for Single & Joint lives)

40 years

For Policies sourced through POS channel, the minimum and maximum entry age will be as per the POS Guidelines as amended from time to time

Maximum Age⁴ at Entry (applicable for Single & Joint lives)

80 years

For Policies sourced through POS channel, the minimum and maximum entry age will be as per the POS Guidelines as amended from time to time

Annuity Options

- Life Annuity with Return of Purchase Price (ROP) on death (Available for all channels including POS Channel)

- Joint Life Last Survivor with 100% of Annuity to spouse & with Return of Purchase Price (ROP) on death of Last Survivor (Available for all channels excluding POS Channel)

Minimum Annuity Amount

Minimum Annuity Amount

	Yearly	Half Yearly	Quarterly	Monthly
Minimum	₹12,000	₹6,000	₹3,000	₹1,000

- The minimum Annuity is not applicable in case the purchase of Annuity is from a superannuation fund, pension fund/Policy or from the NPS fund etc

- For policies sold through POS Channel, the Annuity amounts will be as per prevailing IRDAI POS Guidelines, as amended from time to time

Maximum Annuity Amount

No limit

- For policies sold through POS Channel, the Annuity amounts will be as per prevailing IRDAI POS Guidelines, as amended from time to time

Purchase Price³

Depends on annuity amount

Premium Payment Term

Single Premium

³The Purchase Price is the Single Premium paid excluding any GST/any other tax as may be applicable from time to time ⁴Age is as of last birthday

Note: GST and cess (if any) will be collected over and above the Single Premium under the policy

Brochure

Download

Policy Document

Download

Product Presentation

Download

Annuity

Entry Age	Purchase Price (without GST)	Option A: Life Annuity with Return of Purchase Price (ROP) on death (Rs.)	Option B: Joint Life Last Survivor with 100% of Annuity to spouse & with Return of Purchase Price (ROP) on death of Last Survivor (Rs.)
50 years / Male	Rs 25 Lakhs	1,80,625	1,79,300
55 years / Male		1,81,050	1,80,025
60 years / Male		1,81,550	1,80,750

Note:

- In the above illustration, for Option B, the Entry Age for both lives is same. Spouse’s gender is Female.
- For the above illustration, Annuity Payment Frequency is Yearly

You can choose any of the following Annuity options at inception. Option once chosen cannot be changed during the term of the policy

Option A: Life Annuity with Return of Purchase Price³ (ROP) on death:

Annuity will be payable to you throughout life and on death the Purchase price will be returned to your nominee.

Option B: Joint Life Last Survivor with 100% of Annuity to spouse & with Return of Purchase Price³ (ROP) on death of Last Survivor:

Annuity will be payable to you throughout life; and on death, your spouse will receive 100% of the prevailing Annuity throughout his/her life. On death of the Last Survivor, the Purchase Price will be returned to the nominee.

³The Purchase Price is the Single Premium paid excluding any GST/any other tax as may be applicable from time to time

Why Bajaj Allianz Life Insurance ?

99.23%

Claim Settlement Ratio of 99.23%^~

1 Day

1 Day Claim Approval^%

AAA Rating

AAA; Stable Rating by CARE^$

₹1,09,829Cr

Assets Under Management (AUM)^**

4.19 Cr

Number of Lives Covered^#

432%

Solvency Ratio^{^}

Disclaimer:^~Individual Death Claim Settlement Ratio for FY 2023-2024 | ^%96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices. | ^$For details refer to press release published by CARE | ^**All figures as on 31 March, 2024 | ^{^}Solvency ratio 432% as at 31 March 2024 against IRDAI mandated 150%. | ^#Individual & Group.

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534 Branches

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Customer Speaks

Happy with the services

I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.

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Satisfied, Trust

I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.

Shrikant A Karande

Happy with the returns

I was introduced by my advisor to invest in Bajaj Allianz Life Insurance .I have invested in the same and am happy with the returns and services.

Kavita Goplani

Very Happy

I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.

Dhruv Soni

Life Insurance Guide

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Call to Buy

1800-209-4040

Disclaimers:

¹Features and benefits mentioned above are dependent upon annuity option chosen

² For details refer Loan and Surrender section from sales literature

³The Purchase Price is the Single Premium paid excluding any GST/any other tax as may be applicable from time to time

This sales literature gives the salient features of the plan only. The Policy document is the conclusive evident of contract and provides in details all the conditions &exclusions related to Bajaj Allianz Life Saral Pension.

*Conditions Apply. The guaranteed benefits are dependent on the purchase price & annuity option chosen. For more details please refer to sales brochure.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272,

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo.

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Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

¹©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

Disclaimer

Bajaj Allianz Life Saral Pension

Overview

Key Advantages

How this works

Eligibility

Downloads

Sample Illustration

Annuity Options & Benefits

Guarantee*

Flexibility

Legacy

Family is the key

Easy Liquidity

More Benefit

Choose the annuity option

Choose the Purchase price you wish to pay or the Annuity you wish to receive.

Choose the Annuity payout frequency.

Receive Annuity payouts as per chosen frequency.

Minimum Age4 at Entry (applicable for Single & Joint lives)

Maximum Age4 at Entry (applicable for Single & Joint lives)

Annuity Options

Minimum Annuity Amount

Maximum Annuity Amount

Purchase Price3

Premium Payment Term

Brochure

Policy Document

Product Presentation

Annuity

Option A: Life Annuity with Return of Purchase Price3 (ROP) on death:

Option B: Joint Life Last Survivor with 100% of Annuity to spouse & with Return of Purchase Price3 (ROP) on death of Last Survivor:

Why Bajaj Allianz Life Insurance ?

Customer Speaks

Life Insurance Guide

Minimum Age⁴ at Entry (applicable for Single & Joint lives)

Maximum Age⁴ at Entry (applicable for Single & Joint lives)

Purchase Price³

Option A: Life Annuity with Return of Purchase Price³ (ROP) on death:

Option B: Joint Life Last Survivor with 100% of Annuity to spouse & with Return of Purchase Price³ (ROP) on death of Last Survivor: