Bajaj Allianz Life Insurance offers Future Income Generator Plan

PFW Bureau / Feb 15

Bajaj Allianz Life Insurance, a private life insurance company,  has launched a new plan Future Income Generator Plan – Future Secure - a unit-linked Deferred Annuity Plan that will give monthly income even after retirement.
This new ‘Future Income Generator’ plan offers life cover along-with market linked returns under the Unit Linked Insurance Plan (ULIP).

Kamesh Goyal, country manager, Allianz and CEO Bajaj Allianz Life Insurance said, “A Rs 500 per month premium option in the new ‘Future Income Generator plan - Future Secure’ makes retirement income planning affordable for masses too”. With the low monthly premium options even home-makers or housewives can now secure their retirement income and old-age lifestyle and convenience”, he added.

FIG - Future Secure is specially aimed to reach out to a mass audience and has the following key features:

• Low minimum premium of Rs 500 per month
• Option to pay unlimited top up premiums anytime during the tenure of the policy to further enhance policy holder’s savings
• Ultra High allocation for maximum benefits for HNI customers.
• Special loyalty units for long-term customers.
• 6 investment funds to choose from including an ‘Asset Allocation Fund’ where our experienced fund manager monitors the mix of assets which looks after policy holders investments even when the market conditions change.
• A host of optional additional rider benefits which includes assurance to investors family with accidental death benefit, accidental permanent total or partial disability benefit, critical illness benefit and hospital cash benefits.