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Pension Guarantee – Bajaj Allianz Life Insurance

Bajaj Allianz Pension Guarantee plan offers guaranteed regular income even after the insured get retired. In this insurance policy, the insured is offered plenty of annuity options so as to gain maximum benefit from their retirement plan.
Features and benefits of Pension Guarantee are:
• In this policy the person who wants to have this policy must be more than 45years of age and the maximum age limit is 80years.
• The minimum purchase price is Rs.25, 000 and annuity installment of this policy is Rs.1, 000/-.
• The premium payment options that are available are yearly, monthly, half-yearly and quarterly.
• Apart from this the policy even allows the insured to have tax benefits on the premiums that has been paid for keeping the policy in force. The tax benefits are as per the provisions of section 80C of the Indian income Tax act 1961.
• A free look up period of 15 days is offered under this policy, where the insured can check the terms and conditions.

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