Mumbai, Feb 14: Bajaj Allianz Life Insurance will launch a new plan in the Future Income Generator family called ''Future Secure'' - a unit-linked deferred annuity plan that gives monthly income even after retirement. The Future Income Generator plan now offers life cover along with market linked returns under the ULIP, a release said.
Bajaj Allianz Life Insurance CEO Kamesh Goyal said, ''A Rs 500 per month premium option in the new Future Income Generator plan makes retirement income planning affordable for masses. With the low monthly premium options, even house-makers can now secure their retirement income and old age lifestyle and convenience.''
'Future Secure' is specially aimed to reach out to a mass audience and has key features like option to pay unlimited top up premiums anytime during the tenure of the policy to further enhance savings, and ultra high allocation for maximum benefits for high net worth individuals (HNI), customers and special loyalty units for long-term customers among others, the release added.