Bajaj Allianz Life Saral Pension is a single premium, non-linked, non-participating, individual immediate annuity plan, which provides regular income and also returns the purchase price on death.
Benefits:
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Annuity Options: Life Annuity with return of Purchase Price on death Joint Life Last Survivor with 100% of Annuity to spouse & with return of purchase price on death of Last Survivor
Surrender Value:
You can surrender your policy any time after 6 months from date of commencement
Tax Benefits:
Under section 80C & 10(10D)
Tax Benefits
As per applicable tax laws as amended from time to time
Highlights:
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Guarantee: Lifelong guaranteed regular income
Flexibility: Receive annuity from next month onwards under monthly annuity option and after 3 months, 6 months and 1 year in case of quarterly, half yearly and annual options respectively.
Legacy: Purchase price (ROP) paid to nominee on death
Family is the key: Joint life option with regular income for both lives
Easy Liquidity: Access to money through loan
More Benefit: Liquidity on diagnosis of Critical Illness