Bajaj Allianz Life Smart Pension Plan: Market-Linked Returns and Flexible Vesting Options

What is the Bajaj Allianz Life Smart Pension Plan? A: The Bajaj Allianz Life Smart Pension Plan is a unit-linked, non-participating individual pension plan designed to provide lifelong guaranteed income post-retirement. It offers market-linked returns and flexible vesting options. Q: What are the key features of the plan? A: Key features include the ability to withdraw up to 60% of the accumulated corpus tax-free at vesting, flexible vesting age starting as early as 45 years, market-linked growth, and value additions like loyalty additions and a vesting booster. Q: Can I choose the vesting age and policy term? A: Yes, you can choose a vesting age as early as 45 years and select a policy term ranging from 10 years to the maximum vesting age, providing flexibility to tailor the plan to your specific needs. Q: How does the plan offer market-linked growth? A: The plan invests in the Nifty 200 Alpha 30 Index Pension Fund, which invests in 30 high-alpha stocks from the Nifty 200 universe using Jensen’s Alpha methodology. This aims to outperform market expectations and provide strong potential for long-term wealth creation. Q: What happens if the policyholder dies before the vesting age? A: The death benefit guarantees a minimum of 105% of total premiums paid or the fund value, whichever is higher. Additionally, tax benefits may apply on premiums and payouts, aligning with current tax laws.

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