Bajaj Allianz Pension Guarantee Plan

Bajaj Allianz Pension Guarantee is a traditional Pension plan which is designed to take care of expenses post retirement by providing regular annuity. 

Secure Your Retirement with

100% Guaranteed

Pension For Life

Best Pension Options
  • Invest 20 Lacs Get ₹ 1.6 Lacs pension for Life

  • Guaranteed Return For Life

  • Multiple Annuity Options

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Buy Online and Get ₹ 1.4 Lacs extra#
Guaranteed Pension For Life For You And Your Spouse
Invested amount returned to your nominee
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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


  • Annuity payouts will be paid as per the frequency chosen immediately after the premium paid
  • Annuity is payable for life of both the annuitants and in certain cases, 100% of the Purchase price is also returned
  • Income tax benefit on the premium paid as per Section 80CCC of the Income Tax Act.

Product Specification:




Entry Age (Last Birthday)

37 years

Option B – 0 years

80 years

Option B – 100 years

Purchase Price


No limit

Yearly Annuity Payout


No limit

Annuity payout Frequency

Monthly, quarterly, half-yearly, yearly

Details about Premium

Yearly annuity in Rupees for a Purchase price of 1 lakhs under different options and purchase price bands for age 55 years

Purchase Price Bands / Annuity Options

Option 1

Option 2

Option 3 where annuity is guaranteed for 10 yrs.

Option 4

Option 5

Option 6

2 – 5 lakhs







10–15 lakhs







>25 lakhs







Policy Details

  • Grace period: Grace period is not applicable.
  • Policy Termination or Surrender Benefit: the policy cannot be surrendered
  • Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

You may also like to read: Present Value of Annuity Formula | Future Value of Annuity Formula


  • Loan is not available under the plan

Additional Features or Riders

  • Higher annuity payout rates at higher Purchase Prices

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents.

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