Bajaj Finserv’s subsidiary company -- Bajaj Allianz Life Insurance has launched an insurance plan offering a guaranteed regular deferred annuity during post-retirement life. There is a funding gap in the post-retirement life and lots of people will not be earning but would need funds, so this is a grave issue that needs to be addressed. The plan is designed to fill the gap of the pension needs of various categories of people, which has nine different variants in the offing.
Bajaj Allianz Life claimed it is the only life insurance plan that offers a regular premium deferred annuity option so that the policyholders have a guarantee of their pension, having paid regularly over a period of time, when they are not active in work life.
Bajaj Finserv has established itself as a financial power house with interests in insurance, lending, asset management and wealth management.
