Bajaj Allianz Life Insurance has introduced Bajaj Allianz Life Guaranteed Pension Goal II, a new-age annuity plan featuring an industry-first 30-year deferment option. This non-linked, non-participating plan aims to help individuals as young as 35 begin their retirement journey with flexible payout options and lifelong income security.
The plan offers multiple annuity choices, including life annuity, joint life annuity, and customizable Return of Purchase Price (ROP) options ranging from 50% to 100%. It also guarantees lifelong income and provides exclusive benefits for NPS subscribers with a specialized Family Pension option. “With rising life expectancy and limited social security options in India, retirement planning has never been more crucial,” said Tarun Chugh, MD & CEO of Bajaj Allianz Life. “This product empowers customers with financial independence and flexibility to meet their life goals with confidence.”
In Guwahati, this plan could cater to young professionals and entrepreneurs looking for long-term financial stability. With the city’s growing workforce, such a product can drive financial literacy and structured retirement planning awareness. A Bajaj Allianz Life survey revealed that 77% of Indians prefer life insurance for retirement, signaling increasing demand for innovative financial solutions. Visit the company’s website for further details.
