Bajaj Allianz Retire Rich is a unit linked pension plan with annuity payouts and high growth potential through direct market investments for a secured retirement.
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
Guaranteed benefits can be further used to:
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Product Name |
Entry Age |
Vesting Age |
Policy Term |
Premium Payment Term |
Premium Payment Frequency |
Premium Amount |
Bajaj Allianz Retire Rich |
30 / 73 years |
37 / 80 years |
7 / 30 years |
5 / Same as policy term |
Monthly / Quarterly / Half Yearly / Yearly |
Rs 50, 000 (Single) Rs 15, 000 (Limited and Regular) |
Exclusions
Suicide: If the insured commits suicide within 12 months of the plan since inception, then the fund value as on the date of death shall be paid.
Inclusions
Additional Top Up Premiums: Extra added Top-up premiums can be added which is subject to the minimum additions allowed.
Read More: Future Value of Annuity | Annuity Calculator
Below are the documents which are required to get insured under Bajaj Allianz Retire Rich Plan are mentioned below:
**Documents required are a subject to the plan options and the cover options as chosen.
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†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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