BAJAJ ALLIANZ FUTURE INCOME GENERATOR

This is a retirement cum pension plan which help you to maintain your standard of living even after you retire. It will help you to meet all your retirement needs.

Features:

• This plan acts as an alternative towards super-annuation’s and provident fund.

• The minimum premium to be paid is Rs.1, 000.

• You get a choice of five funds from 100 % debt to 100 % equity, with an option to have three free switches every year.

• The premium allocation charge is between 8% – 16%, depending on the premium paid.

Benefits:

• If you are not satisfied with the policy it can be surrendered after three regular premiums have been paid and the surrender charges are 5 per cent in the fourth year, 2 per cent in the fifth year and no charges from sixth year onwards.

• You also get open market option to purchase an immediate annuity from Bajaj Allianz or any other life insurer as recognised by IRDA.

• You get an option to avail up to one third of the fund value as tax-free lump sum.