Pension Guarantee Plan | Pension Plans - Bajaj Allianz
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Bajaj Allianz Pension Guarantee

A Non-linked Non-par Immediate Annuity Plan

Your date of retirement is closing in. You want something that gives you and your spouse an assured income long after you're retired. We at Bajaj Allianz Life Insurance are aware of this need, and have come up with a plan that lasts you for a lifetime. Invest your savings in the Bajaj Allianz Pension Guarantee, a plan that gives you a guaranteed income so that you will live worry-free for a lifetime.

With Bajaj Allianz Pension Guarantee, you can ensure a regular income after retirement. This retirement plan offers you a range of immediate annuities to choose from. The immediate annuity options available are:

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Annuity Options
    Option A
    Life annuity-
    The annuity is paid to the policyholder as long as he/she is alive.
    Option B
    Life annuity with Return of Purchase Price-
    • The annuity is paid to the annuitant as long as he/she is alive.
    • On death of the annuitant, the purchase price is returned to the nominee.
    In case nominee/policyholder of policy under a pension plan of Bajaj Allianz Life Insurance Company (BALIC) who wishes to take Bajaj Allianz Pension Guarantee plan and is aged between 0 & 36 years or 81 & 100 years then, only Option B will be available to him/her
    Option C
    Annuity Certain for period 5 years, 10 years, 15 years , 20 years and life thereafter-
    • Annuity is paid for the chosen certain period to the annuitant, if alive, otherwise to the nominee.
    • At the expiry of the certain period, if the annuitant is alive, the annuity is paid to the annuitant as long as he/she is alive.
    Option D
    Joint Life Last Survivor with 50% of annuity to spouse-
    • The annuitant and his/her spouse are covered under the policy.
    • The annuity is paid to the annuitant as long as he/she is alive.
    • On death of the annuitant, 50% of the prevailing annuity is payable to the spouse, as long as the spouse is alive
    Option E
    Joint Life Last Survivor with Return of Purchase Price on death of Last Survivor (100% of annuity to spouse)-
    • The annuitant and his/her spouse are covered under the policy.
    • The annuity is paid to the annuitant and/or spouse as long as at least one of them is alive.
    • On death of the last survivor , the purchase price is returned to the beneficiary/nominee.
    Option F
    Joint Life Last Survivor with 100% of annuity to spouse-
    • The annuitant and his/her spouse are covered under the policy.
    • The annuity is paid to the annuitant and/or spouse as long as at least one of them is alive.
Am I Eligible?
  • Minimum Age at Entry

    37 years

    For option B, the annuitant's minimum age at entry is 0 year

    For option D, E & F annuitant and Spouse's minimum age at entry is at least 37 years

  • Maximum Age at Entry

    80 years

    (For option D, E & F Annuitant and Spouse's maximum age at entry is at most 80 years last birthday)

    For option B, the annuitant's maximum age at entry is 100 years (In case nominee/policyholder of policy under a pension plan of BALIC who wishes to take Bajaj Allianz Pension Guarantee plan)

  • Minimum Purchase Price

    Rs.25,000

    In case nominee/policyholder of policy under a pension plan of BALIC who wishes to take Bajaj Allianz Pension Guarantee plan, the minimum purchase price is not applicable

  • Maximum Purchase Price

    No Limit

  • Minimum Annuity Instalment

    Rs. 1000

Bajaj Allianz iSecure More (UIN:116N108V02)

For more details, please refer to the Brochure and Policy Document

For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.