Bajaj Allianz Retire Rich

Bajaj Allianz Retire Rich
A Unit-linked Pension Plan Guaranteed vesting benefit
Pay regular or limited or single premium
Invest in pension builder fund

Top-up option
A common life goal for most working individuals is to retire early and spend every hour doing what the heart really wants. Even if it isn about retiring early, each of us has a list of things to do once retirement comes up. Some wish to travel, others dream of buying and maintaining a farm far away from the hectic city life, others intend to teach and inspire children or take care of the elderly, while others want to start an all new business. The list of life goals is always long and different. However, the common string tying the whole idea of retirement early or when it does happen - is the financial support and the wherewithal required during the retired years.
Today, we are living longer and living expenses are getting higher. Hence, to ensure that you have the adequate financial support during your retired years to pursue your newer set of life goals, it is essential that you start investing towards them, now. You must utilize the phase before retirement to invest in financial instruments that will help you build a corpus or a retirement kitty that you can use to meet the financial expenses during that time.
Bajaj Allianz Retire Rich, a unit-linked deferred pension plan, helps you invest and secure your post-retirement life goals. This retirement benefit plan helps you leverage the advantages of investing in a market linked fund, to create a corpus, which is utilized to generate regular income during your retired years.
I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to contact me.
It will override my registry on the NCPR. 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.

Key benefits of Bajaj Allianz Retire Rich
The plan offers you the key benefits of:
-Guaranteed Vesting Benefit of 101% of the total premiums paid and Guaranteed Death Benefit 105% of the total
premiums paid
-Option to select regular, limited or single premium payment
-Option to change the premium payment term
-Flexibility to pay top-up premium
-Option to take death benefit in instalments (Settlement option)

Plan Working
Bajaj Allianz Retire Rich is a simple to understand unit-linked deferred pension plan.
-At the inception, you have to choose between Regular, Limited or Single premium payment option
-Premium paid by you, after deduction of premium allocation charge, will be allocated in to the Pension Builder Fund.
Units will be allocated to your policy account at the prevailing unit price of the fund
-The policy administration charge will be deducted monthly through cancellation of units. Fund management charge
and guarantee charge are adjusted in the unit price
-At the end of your policy term, i.e., on the vesting date, the vesting benefit of your policy will be your Fund Value, subject
to a Guaranteed Vesting Benefit of 101% of the sum of all premiums and top-up premiums paid by you till the vesting
date

Death Benefit
a) On death of the life assured before the vesting date, the death benefit payable to the nominee will be higher of the total
Fund Value as on date of receipt of intimation of death or the Guaranteed Death Benefit
b) Guaranteed Death Benefit: 105% of the Total Premiums paid including top-up premiums (if any) paid till date of death
c) The nominee can utilize the death benefit in any of the following ways:
i) Take the entire death benefit as cash lump-sum or
ii) Use the entire or part of the death benefit proceeds to purchase an:
a. Immediate annuity from us at the then prevailing annuity rates
b. Immediate annuity from any other Insurer to the extent of 50% of the death benefit net of any commutation.
With the remaining amount immediate annuity has to be purchased from us
c. Deferred annuity from us
d. Deferred annuity from any other Insurer to the extent of 50% of the death benefit net of any commutation. With
the remaining amount deferred annuity has to be purchased from us
Total Premiums paid shall be sum of all single/regular/limited and any top up premiums paid till date

Entry Age
Minimum age is 30 years
Maximum age is 73 years

Vesting Age
Minimum age of Vesting 37 years
Maximum age of Vesting 80 years

Policy Term
Minimum Policy Term 7 years
Maximum Policy Term 30 years
Deferment periods available: 7 years to 30 years (both inclusive) only

Premium Paying Term
Minimum Premium Payment Term (Regular/ Limited Premium Payment option)
5 years

Maximum Premium Payment Term (Regular/ Limited Premium Payment option)
Up to the Policy Term chosen

Minimum Regular Premium
For Regular and Limited Premium Payment options:


For Single Premium Payment option:


Maximum Regular Premium
No Limit

Top Up Premium
Minimum
`5,000

Maximum
No Limit