Bajaj Life Guaranteed Pension [116N187V07]
Key Advantage
- Lifelong Guaranteed Income: Receive a steady income for life
- Return of Purchase Price (ROP): Option to choose with or without ROP during Income Period.
- Planning Early: Start securing your future from age 35 (for deferred annuity)
- Flexible Premium Payment Terms: Choose from 1 to 12 years, tailored to your financial plan
- Joint Life Option: Secure Income for you and your spouse with legacy for your family
- No Medicals, Quick Issuance
- Flexible Income: Increase income by reducing death benefit (choose 50% to 100% ROP)
Eligibility Criteria
|
|
|
Minimum |
Maximum |
|||
|
Entry Age (applicable for single & joint lives both) |
Single Pay (immediate / Deferred) |
30 Years |
>SP (immediate annuity) - 85 Years > SP (Deferred annuity) - 84 Years ( subject to annuity starting at 85 years) |
|||
|
Limited Pay/Regular Pay |
35 Years |
75 Years ( Subject to annuity starting at 80 years) |
||||
|
Annuity Amount( Rs) |
Immediate /Deferred |
|
Yearly |
Half Yearly |
Quarterly |
Monthly |
|
Minimum |
12000 |
6000 |
3000 |
1000 |
||
|
Maximum |
No limit |
|||||
|
Purchase Price |
Immediate /Deferred |
As per prevailing Board approved underwriting policy |
||||
|
Modes of Premium Payment |
Only for Deferred annuity regular pay |
Yearly, Half Yearly, Quarterly, Monthly |
||||
|
Deferment Period |
Deferred Annuity Single Premium |
1 Year |
For options A , B, E and F- 30 Years, For options G & H -10 years |
|||
|
Deferred Annuity Limited /Regular Premium |
For PPT 2,3,4: 5 Years, For PPT 5 to 12: As per PPT Chosen |
|||||
|
Premium Paying Term |
Single Pay (immediate / Deferred) |
Single Premium |
||||
|
Regular Pay ( Deferred Annuity) |
2 Year |
12 Years* |
||||
*As per the conditions
Who Can Opt This Plan
- Salaried Individuals: Guaranteed Income for Retirement Security
- Business Owners/ Self-employed/ Professionals: Secured Financial Stability with Guaranteed Income
- NRIs: Secure Guaranteed Income Base in India
Disclaimer
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.
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