Bajaj Allianz Life Guaranteed Pension Goal (116N167V10)
Features
- Guaranteed income throughout life: The annuity amount is guaranteed at policy inception and is paid regularly as per customer’s choice and need (Yearly/Half-yearly/Quarterly/Monthly)
- Wide range of Annuity Options: Choose from a wide range of Annuity options to meet Lifestyle goals
- Choose when second innings starts: Annuity starts immediately or after a few years (from policy inception) as per choice and need
- Ensure family's lifestyle goals are met even when customer is not around: Option to take Joint life annuity with 50% or 100% annuity payable to spouse after death
- Return of cost (Purchase price): Option to receive Return of Purchase Price (ROP) on death or as Survival Benefit
Eligibility Criteria
|
Minimum |
Maximum |
|||||
|
Entry Age (applicable for Single & Joint lives) |
Immediate |
30 years |
85 years |
|||
|
Deferred |
45 years |
84 years subject to Annuity starting at a maximum age of 85 years |
||||
|
· For policies sold through POS Channel, the minimum and maximum ages will be 40 years & 70 years respectively and as per IRDAI POS Guidelines as amended from time to time · Higher ages at entry may be allowed under the annuity options, Option B and Option F to cater to the needs of NPS subscribers, as per extant PFRDA guidelines |
||||||
|
Annuity Amount |
Immediate/ Deferred |
Yearly |
Half-yearly |
Quarterly |
Monthly |
|
|
Minimum |
`12,00 0 |
`6,00 0 |
`3,00 0 |
`1,00 0 |
||
|
Maximum |
No Limit |
|||||
|
• 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 |
||||||
|
Purchase Price |
As per prevailing Board Approved Underwriting Policy |
|||||
|
Modes of Payment of Premium (only under Deferred Annuity Regular/Limited Premium) |
Yearly, half - yearly, quarterly, monthly Quarterly & monthly Premium frequencies are available only with auto-debit mode (as approved by RBI). |
|||||
|
Deferment Period (applicable only for Deferred Annuity) |
Single Prem ium |
1 year |
10 years |
|||
|
Regular/Limited 10 years Premium |
PPT Chosen |
|||||
|
Premium Payment Term (PPT) |
Single Premium (Immediate / Deferred Annuity) |
Single Premium |
||||
|
Regular/Limited Premium (Deferred Annuity) |
5 years |
10 years |
||||
|
Minimum Group Size |
5 members |
|||||
Deferment period will start from the Policy commencement date in a Deferred Annuity policy.
Entry age is age at last birthday.
Brochures
Life insurance Related Products
Ageas Federal Wealthsurance Growth Insurance Plan SP
Features & Benefits
With Wealthsurance, you pay just once and can enjoy growth on your investments along with a life cover.
Ageas federal life insurance Platinum Wealth Builder Plan
Features & Benefits
Unit Linked, Non-Participating, Individual Life Insurance Plan
Ageas Federal Smart Growth Plan
Features & Benefits
Accomplish your goals the smart way - A ULIP Plan Which Will Help You Grow Your Wealth While Protecting Your Loved Ones. (UlN 135L053V02)
Ageas Federal Wealth Gain Insurance Plan
Features & Benefits
Build your wealth with the flexibility of monthly or annual payment options
Ageas federal life insurance iSecure Plan
Features & Benefits
A Non-linked, Non-participating, Individual, Pure Risk Premium and Savings Life Insurance Plan
Ageas Federal Guaranteed Lifetime Income Plan
Features & Benefits
For An Enjoyable Retirement With Guaranteed Income
Ageas Federal Life Insurance Saral Pension Plan
Features & Benefits
A Single Premium, Non-linked, Non-Participating, Individual, Immediate Annuity Plan
Ageas Federal Guaranteed Wealth Plan
Features & Benefits
A non linked, non participating life insurance plan. Don't rely on luck, Guarantee your future.
Ageas Federal Life Insurance Assured Income Plan
Features & Benefits
A Non-linked, Non - Participating, Individual, Savings, Life Insurance Plan
Ageas federal life insurance Super Cash Plan
Features & Benefits
A Non-linked, Participating, Individual Life Insurance Savings Plan.
Ageas Federal Guaranteed Income Plan
Features & Benefits
A quick, hassle-free life insurance plan with guaranteed payouts or lumpsum depending on the option chosen.
Ageas Federal Life Advantage Plus Plan
Features & Benefits
A Non-linked, Participating, Individual Life, Savings Insurance Plan
Ageas Federal Young Star Plus Plan
Features & Benefits
The plan keeps you committed to regular savings and boosts your corpus with guaranteed additions and bonus contributions. It provides guaranteed pay outs in a chosen timeframe to help you fund the crucial milestones of your child’s life. And most importantly, it ensures that your loved one’s dreams stay financially safe even in case of your unfortunate absence.
Ageas Federal Group Loan Secure Plan
Features & Benefits
A single premium, non-linked, non-participating, group credit term plan
Ageas Federal Life Insurance Group Credit Shield Plan II
Features & Benefits
A Single premium, Non-Linked, Non-Participating, Group Pure Risk Premium, Life Insurance Plan
Group Credit Shield Plan Cover For Federal Bank Credit Card Holders
Features & Benefits
A Single premium, Non-Linked, Non-Participating, Group Pure Risk Premium, Life Insurance Plan
Disclaimer
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 Guaranteed Pension Goal II.
“ The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227. The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.”