Get your Lifetime Free Credit Card Now!

Bajaj Allianz life - Eligibility

		Minimum Age at Entry	Maximum Age at Entry
Entry Age(applicable for Single & Joint lives)⁸	Immediate Annuity	30 years	85 years
	Deferred Annuity	45 years	84 years subject to Annuity starting at a maximum age of 85 years Higher ages at entry may be allowed under the Life Annuity with Return of Purchase Price Option and Joint Life Last Survivor with 100% of Annuity to spouse & with Return of Purchase Price Options to cater to the needs of NPS subscribers, as per extant PFRDA guidelines
Annuity Amount	Immediate/Deferred		Yearly	Half-yearly	Quarterly	Monthly
		Minimum (Rs.)	12,000	6,000	3,000	1,000
		Maximum	no limit
Purchase Price		As per prevailing Board Approved Underwriting Policy
Modes of Payment of Premium (only under Deferred Annuity Regular Pay)		Yearly, half-yearly, quarterly, monthly (Quarterly & monthly Premium frequencies are available only with auto-debit mode)
Deferment Period (applicable only for Deferred Annuity)	Single Pay	1 year	10 years
	Regular Pay	5 years
Premium Payment Term	Single Pay (Immediate / Deferred Annuity)	Single Premium
	Regular Pay (Deferred Annuity)	5 years	10 years

Read more about Products and
Services