Pension Guarantee Plan-pension-guarantee-plan

Introduction/Overview Bajaj Allianz Pension Guarantee is a traditional Pension plan which is designed to take care of expenses post retirement by providing regular annuity. Key Features It is an Immediate Annuity Plan with single premium option where the annuity starts immediately after premium payment from the next chosen date The annuity options can be chosen for a single life (policyholder) or for joint life (policyholder and spouse) The annuity options are: Life Annuity Lifetime Annuity with Return of Purchase Price Annuity Certain for 5/10/15 or 20 years and thereafter payable for life Joint Life Last Survivor with 50% annuity to spouse Joint Life Last Survivor with Return of Purchase Price on death of last survivor Joint Life Last Survivor with 100% annuity to spouse