365Telugu.com online news,Pune,20 February, 2025: Bajaj Allianz Life Insurance, a leading private life insurer in India, has introduced the Bajaj Allianz Life Guaranteed Pension Goal II, a non-linked, non-participating immediate and deferred annuity plan aimed at empowering individuals with long-term retirement security.
The plan’s industry-first feature allows a deferment period of up to 30 years, enabling individuals as young as 35 years to begin their retirement planning with greater flexibility and control.
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ఇది కూడా చదవండి…ప్రజారోగ్య వైద్యులకు టైం బౌండెడ్ ప్రొమోషన్స్ కల్పించాలి: తెలంగాణ ప్రభుత్వ వైద్యుల సంఘం
A recent Bajaj Allianz Life study highlights a significant shift in financial behavior, revealing that 77% of Indians prefer life insurance as their primary tool for securing a stress-free retirement.
The survey also underscores the rising awareness among young professionals, who are increasingly prioritizing early retirement planning to ensure financial security and independence in later years.
With India’s increasing life expectancy, many retirees may spend up to 30 years without a regular income. Unlike other countries where social security provides financial support in old age, Indians lack this structured safety net, making personal retirement planning even more crucial.
ఇది కూడా చదవండి…చిరంజీవి బ్లడ్ బ్యాంక్లో రక్తదానం చేసిన సంగీత దర్శకుడు మణిశర్మ
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Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, emphasized the importance of proactive financial planning at the product launch, stating:
“With improved healthcare, Indians are living well into their 80s and 90s. This means retirement planning is more critical than ever, as individuals could spend 25-30 years without a stable income.
Our new Guaranteed Pension Goal II addresses this challenge by offering customers the flexibility to start saving as early as 35 years of age. With an industry-first 30-year deferment option and multiple annuity choices, this plan ensures a steady income stream for life, allowing individuals to achieve their long-term goals with financial confidence and independence.”
Key Features of Bajaj Allianz Life Guaranteed Pension Goal II
- Multiple Annuity Options – Offers life annuity, joint life annuity, and return of purchase price (ROP) options to suit various retirement goals.
- Industry-First 30-Year Deferment – Provides young professionals the flexibility to plan their retirement early, allowing customized payout timing.
- Customizable Return of Purchase Price (ROP) – Customers can choose between 50% to 100% ROP, helping them optimize their annuity amount.
- Guaranteed Lifelong Income – Ensures a steady stream of income during retirement, reducing financial uncertainties.
- Exclusive Benefits for NPS Subscribers – Includes a specialized Family Pension option, extending financial support to dependents, including spouses and parents.
With this innovative offering, Bajaj Allianz Life aims to bridge the gap in India’s retirement planning landscape, ensuring that individuals can retire with confidence, stability, and peace of mind.
For more information on the product terms and conditions, please visit our website: https://www.bajajallianzlife.com/