Bajaj Allianz Retire Rich Plan

You have been working hard. You're going to retire one day. How do you want to spend your retirement? Travelling? Golfing? Turning a hobby into a second career or volunteering for a noble cause or simply spending more time with your family. This plan from bajaj alliance helps you spent.

Key Features

  • Guaranteed Vesting Benefit and Guaranteed Death Benefit
  • Option to select regular, limited or single premium payment
  • Option to change the premium payment term
  • Flexibility to pay top-up premium

Benefits

  • Death benefits
If you stop paying the premiums after 3 policy years, the policy acquires a Paid Up Value for a Reduced Sum Assured but the policy would be eligible for any future regular additions. The policy can also be revived within 2 years from the due date of first unpaid premium by paying all due but unpaid premiums with applicable interest.
  • Vesting Benefit
The vesting benefit of your policy on the vesting date will be higher of the Guaranteed Vesting Benefit or the total Fund Value as on the vesting date.
  • Surrender Benefit
On surrender of the policy after the lock in period of five years, the total Fund Value, on the date of surrender, will be available to you as the surrender value and the policy will terminate.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 13 73
AGE AT VESTING 37 80
POLICY TEAM 30

What if?

  • I want to withdraw the amount in between

No partial withdrawal is allowed under the Policy.
  • I want to take loan on the policy

No loans are allowed under the Policy.

Exclusions

  • Suicide Exclusion
If the Life Assured commit suicide whether sane or insane, within one year from the Date of Commencement of Risk or the latest date of the revival of the Policy, the Policy shall be void.