Bajaj Allianz Life Unveils Smart Pension..

Varahimedia.com,Pune, May 16, 2025: Bajaj Allianz Life Insurance, a leading private life insurer in India, has launched Bajaj Allianz Life Smart Pension, a unit-linked, non-participating individual

Varahimedia.com,Pune, May 16, 2025: Bajaj Allianz Life Insurance, a leading private life insurer in India, has launched Bajaj Allianz Life Smart Pension, a unit-linked, non-participating individual pension plan aimed at giving individuals greater control over their retirement planning.

The plan is linked to the newly introduced Bajaj Allianz Life Nifty 200 Alpha 30 Index Pension Fund, designed to offer high-growth potential for building a financially secure retirement. Customers also have the option to choose from five other fund options based on their individual risk appetite and return expectations.

Key Features of Smart Pension Plan:

Early Vesting Age: Individuals can begin their pension benefits from as early as 45 years of age.
Flexible Policy Term: Starting from just 10 years, up to the maximum vesting age.
Market-Linked Returns: Access to long-term wealth creation through equity-based investment options.
Fund Selection: Six diverse funds to align with varying risk-reward profiles, including the high-alpha Nifty 200 Alpha 30 Index Fund.
Tax-Free Withdrawal: Up to 60% of the retirement corpus can be withdrawn tax-free at vesting.
Retirement Goal Alignment: Option to defer vesting date to match personal retirement timelines.
Loyalty Additions: Long-term policyholders benefit from loyalty additions and a special vesting booster after 15 policy years.
Unlimited Fund Switches: Investors can switch between funds freely to adapt to market conditions.
Liquidity Support: Partial withdrawals are permitted during major life events or in case of critical illness.
Death Benefit: Higher of the fund value or 105% of total premiums paid will be offered in the event of death.
Tax Benefits: Premiums paid and benefits received may qualify for tax benefits as per applicable laws.

The Nifty 200 Alpha 30 Index Pension Fund invests in 30 high-alpha stocks from the Nifty 200 universe, selected using Jensen’s Alpha for performance exceeding market expectations. The approach provides diversified, market-linked exposure within a single retirement-focused solution.

Speaking on the launch, Mr. Tarun Chugh, MD & CEO, Bajaj Allianz Life Insurance, said:

“Focused retirement planning is still not a top priority for many Indians, even though traditional support systems like social security are limited. Our Smart Pension Plan is designed to empower individuals to invest for the long term, build a strong retirement corpus, and ensure income stability in their golden years. This launch marks another step in strengthening our retirement solutions portfolio.”

For more details, visit: https://www.bajajallianzlife.com/about-us.html