₹ 20,000
Download the Policybazaar app
to manage all your insurance needs.
Guarantee Pension Plan by Bajaj Life Insurance
May 8th, 2014; Mumbai: A new plan is launched by Bajaj Life Insurance with an option of return of purchase price- Pension Guarantee. Pension Guarantee- a non-linked immediate annuity plan has been launched by Bajaj Life Insurance.
-
Peaceful Post-Retirement Life
-
Tax Free Regular Income
-
Wealth Generation to beat Inflation
- 4.8++ Rated
- 15.8 Crore Registered Consumer
- 53 Partners Insurance Partners
- 7.16 Crore Policies Sold
We are rated++
15.8 Crore
Registered Consumer
53
Insurance Partners
7.16 Crore
Policies Sold
In-Built life cover
Start Investing ₹10k/Month & Build a corpus of ₹1 Crore# on Retirement
-
Home
-
Investment Plans
-
Pension Plans
-
News - PP
- Guarantee Pension Plan by Bajaj Life Insurance
In addition of offering a guaranteed income for policyholder's lifetime, this plan has the option to extend annuity (pension plan) to the spouse too.
With minimum entry age of 37 years and maximum of 80 years, this plan comes with six options. It offers provisions for annuity payment to the spouse of the annuitant after his demise. The annuity payment depends on the Joint Life Last Survivor options chosen.
There is also an option of return of purchase price in this plan along with the annuity in case of the death of annuitant. The legal heir will get the outstanding annuity under this option after the death of the nominated spouse.
You may also like to read:Annuity Formula | Annuity Meaning
The Head, Product Development of Bajaj Life Insurance, Rituraj Bhattacharya said that this plan provides options that extend annuity benefit for both policyholder and his/her spouse considering the rising life expectancy among Indians. He added that this option of return of purchase price can be effectively utilized for passing inheritance to policyholder's legal heir.
Insurers Offering Pension Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
- SIP Calculator
- Income Tax Calculator
- Compound Interest Calculator
- NPS Calculator
- Show More Calculator
Pension Calculator
Pension Calculator
How much do you need to save for retirement?
For a monthly pension of ₹77,300
you need to invest
View Plan
Recalculate?
you need to invest
₹14,300/month
Calculated as per past performance of 15%
Pension Plans Articles
Recent Articles
Popular Articles
18 Aug 2026
A salary of ₹30,000 a month covers essential expenses in most
21 Sep 2023
Planning for retirement requires smart financial choices, and
04 Sep 2023
The Mahila Samman Savings Certificate is a savings schemeExplore the popular searches and stay informed
- Pension Plan
- Annuity Plan
- Child Plan
- Gift City Investment
- Guaranteed Return Plans
- Investment Plan
- LIC Calculator
- LIC
- NRI Investment Plans in India
- ULIP Calculator
- ULIP Plan
- 1 Crore Term Insurance
- Best Term Insurance Plan
- Term Insurance for NRI
- Term Insurance
- Term Insurance Calculator
- Life Insurance
- What is Term Insurance
- Home Loan Insurance Calculator
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^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.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.