Pension Plan : Even after retirement, every person wants to live an independent life. Does not want to depend on others for his small needs. Makes preparations in advance to make his old age financially secure.
By choosing a suitable pension plan, you can avail the benefit of monthly income even without a job. Can maintain your lifestyle. Bajaj Allianz Pension Guarantee Scheme can help you in this.
About the plan
Under this plan, pension is guaranteed every month. The pension amount depends on your investments. In this, lump sum premium has to be paid. After which the investor continues to get a fixed income in the golden years.
Under the scheme, a monthly pension of at least Rs 1000 is available. A person can also avail the benefit of monthly pension of more than Rs 2 lakh. Bajaj Allianz Pension Guarantee Plan is a traditional immediate annuity scheme. The minimum age of entry is 37 years and maximum 80 years.
You also get the benefit of these facilities
Is. In this, a free look out period of 15 days is available. Pension is received as per the frequency chosen. Tax exemption is also available on the purchase price paid under Section 80ccc of the Income Tax Act 1961.
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