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A Non-Linked Non-Participating Immediate &
Deferred Annuity Plan.

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Guaranteed¹ Lifelong Income
Flexibility to Decide Your Income Start Date
Wide Range of Annuity Options
Health Management Services⁵

Guaranteed¹ Lifelong Income
Flexibility to Decide Your Income Start Date
Wide Range of Annuity Options
Health Management Services⁵

Overview
Plan Option
Disclaimer

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Bajaj Life Guaranteed Pension Goal II

Bajaj Life Guaranteed Pension Goal II is a comprehensive annuity plan that provides Guaranteed¹ Lifetime Income. This income is fixed and not interrupted by any market volatility so you can live your post-retirement years without having to worry for stable income. It’s a Non-Linked Non-Participating Immediate & Deferred Annuity Plan. Read More

The plan offers two annuity options: Immediate Annuity and Deferred Annuity along with a wide range of annuity options to choose from. You can opt for Joint Life Annuity to provide lifelong income to your spouse and Return of Purchase Price2 for your nominee in case of an unfortunate event.Read Less

FEATURES

Guaranteed¹ Lifelong Income

Steady and reliable lifelong income, to take care of your financial needs post-retirement.

Flexibility to Decide Your Income Start Date

Start receiving income immediately or at a future retirement date.

Wide Range of Annuity Options

Choose from multiple annuity options depending on your retirement needs.

Return of Purchase Price2 (ROP)

Option to get 50% to 100% of the total premiums paid back in case of unfortunate demise of the annuitant.

Joint Life Annuity for Providing Regular Income to Spouse

Regular Income for your spouse, even when you are no longer around.

Health Management Services

Get Lifetime Support for Your Overall Health and Wellness.

PLAN VARIANTS

What are the Annuity Options Available Under Bajaj Life Guaranteed Pension Goal II?

Bajaj Life Guaranteed Pension Goal II offers wide range of annuity options to choose from that meets diverse retirement needs:

Annuity Options	A	B	C	D	E	F	G	H	I
Annuity Options	Life Annuity	Life Annuity with ROP2 on death	Annuity Certain (5/10/15/20 years) and life thereafter	Joint Life Last Survivor with 50% of Annuity to spouse	Joint Life Last Survivor with 100% of Annuity to spouse	Joint Life Last Survivor with 100% of Annuity to spouse & wit h ROP2 on death of Last Survivor	Life Annuity with ROP2 on death or survival	Life Annuity with ROP2 on death or in instalments on survival	Family Pension
Immediate Annuity	✓	✓	✓	✓	✓	✓	✓	✓	✓
Deferred Annuity (SP)	✓	✓	✘	✘	✘	✓	✓	✓	✘
Deferred Annuity (RP)	✓	✓	✘	✘	✓	✓	✘	✘	✘

What are the options available under Immediate Annuity?

Under the Immediate Annuity option your payouts start immediately after paying your premium as per frequency chosen.

Options

Details

Option A: Life Annuity

Fixed regular income for your lifetime. The income will stop on death of the annuitant.

Option B: Life Annuity with Return of Purchase Price 2 (ROP) on Death

Fixed regular income for your lifetime with 50% to 100% purchase price returned to nominee on death.

Option C: Annuity certain and life thereafter

Receive fixed regular income for certain guaranteed¹ period of 5, 10, 15 or 20 years, or throughout life, whichever is later

Option D: Joint Life Last Survivor with 50% of Annuity to Spouse

Get guaranteed¹ regular income for your life and 50% guaranteed¹ regular income will continue to spouse after your death for his/her life

Option E: Joint Life Last Survivor with 100% of Annuity to Spouse

Get guaranteed ¹ regular income for your life and 100% guaranteed ¹ regular income will continue to spouse after your death for his/her life.

Option F: Joint Life Last Survivor with 100% of Annuity to spouse & with Return of Purchase Price 2 (ROP) on death of Last Survivor

Get guaranteed ¹ regular income for your life with 100% guaranteed ¹ regular income for the spouse after your death for his/her lifetime. After the death of the last survivor, the nominee will get back the purchase price between 50%to 100%, as chosen.

Option G: Life Annuity with Return of Purchase Price 2 (ROP) on death or survival

Receive guaranteed ¹ regular income for your life and get your Purchase Price back as a Survival Benefit on the policy anniversary after 25 policy years or upon attaining age 85, whichever is later.

Option H: Life Annuity with Return of Purchase Price 2 (ROP) on death or in instalments on survival

You will receive guaranteed ¹ lifetime income. Additionally, starting from the policy anniversary after the 15th policy year or age 70 years, whichever is later, you will receive survival benefit at each policy anniversary which will be paid in instalments based on your chosen payment frequency.

Option I: Family Pension (Special provision for NPS subscribers as per PFRDA guidelines)

Designed specifically for NPS subscribers with family pension provisions as per PFRDA guidelines.

What are the options available under Deferred Annuity?

Under the Deferred Annuity Options after the end of deferment period, lifetime guaranteed income is made on the chosen dates and payment frequency.

Options	Details
Option A: Life Annuity	Fixed regular income will be paid to you for lifetime after the deferment period
Option B : Life Annuity with Return of Purchase Price 2 (ROP) on death	Fixed guaranteed 1 regular income will be paid for lifetime after the deferment period and on death of the annuitant the total purchase price will be paid back to the nominee. You can choose to get back between 50% and 100% of your purchase price 2 when you start the policy.
Option E: Joint Life Last Survivor with 100% of Annuity to spouse	Get guaranteed ¹ regular income for your life and 100% fixed regular income will continue to spouse after your death for his/her lifetime.
Option F: Joint Life Last Survivor with 100% of Annuity to spouse & with Return of Purchase Price 2 (ROP) on death of Last Survivor	Get guaranteed ¹ regular income for your life with 100% fixed regular income for the spouse after your death for his/her lifetime. After the death of the last survivor, the nominee will get back the purchase price 2 between 50% to 100%, as chosen.
Option G: Life Annuity with Return of Purchase Price 2 (ROP) on death or survival	Get guaranteed ¹ regular income for your life and additionally, on the policy anniversary after the 25th policy year or age 85, whichever is later, get back your total purchase price as a survival benefit while your income continues. This option is available only with Single Premium.
Option H: Life Annuity with Return of Purchase Price 2 (ROP) on death or in instalments on survival	You will receive guaranteed ¹ lifetime income. Additionally, starting from the policy anniversary after the 15th policy year or age 70 years, whichever is later, you will receive survival benefit at each policy anniversary which will be paid in instalments based on your chosen payment frequency.

What Are the Health Benefits⁵ Available Under Bajaj Life Guaranteed Pension Goal II?

Bajaj Life Guaranteed Pension Goal II combines guaranteed¹ lifelong income with health benefits⁵, helping retirees manage both their financial and health needs. Along with a wide range of annuity options and deferment periods of up to 30 years8, the plan provides Health benefits⁵ worth up to 3x^a the monthly annuity amountb every policy year. Health benefits⁵ are available even during the deferment period and can also be extended to the spouse under Joint Life policies.

Retirement Benefits	Health Benefits
Guaranteed lifelong regular income*	Health & Wellness Wallet worth up to 3× the monthly annuity amount per policy year
Wide range of annuity options	Health benefits available even during the deferment period
Deferment period of up to 30 years	Benefits extend to spouse under Joint Life policies
Designed for retirement income security	Healthcare support throughout retirement

Details of Health Benefits as follows:

*Health & Wellness wallet

Wallet

Benefit

Wallet Value

Per Voucher Value6

Preventive Care Wallet

Preventive Health Check-Up with 89 tests

1x the monthly annuity amount (per year)

Equal to monthly annuity amount

 

Health Wallet

OPD Consultations, Lab & Radiology and Physiotherapy

 

1x the monthly annuity amount (per year)

General Physician – ₹500 Specialist – ₹1000

Lab & Radiology – ₹1000 Physiotherapy – ₹800

 

Pharmacy Wallet

25% discount on medicines7

1x the monthly annuity amount (per year)

Equal to monthly annuity amount

Total

3x the monthly annuity amount (per year)

Equal to monthly annuity amount

Extra Benefits

Benefit

Feature

Frequency

CritiCare Top-up

Additional wallet upto 10x the monthly annuity amount enabled for next 12 months on diagnosis of 60 Critical Illnesses¹⁰

Once during entire tenure of the policy

Doctor Teleconsultations

General Physician and Specialists

Unlimited^#

Policy Documents

Disclaimer

Bajaj Life Insurance Ltd. (Formerly known as Bajaj Allianz Life Insurance Company Limited)

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS - IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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Risk Factors and Warning Statements:Bajaj Life Insurance Limited and Bajaj Life Guaranteed Pension Goal II are the names of the company and the product respectively and do not in any way indicate the quality of the product and its future prospects or returns. For more details on risk factors, terms and conditions please read sales brochure & policy document (available on www.bajajlifeinsurance.com) carefully before concluding a sale. Regd. Office Address: Bajaj Insurance House, Airport Road, Yerawada, Pune – 411006. Reg. No.: 116. CIN: U66010PN2001PLC015959, call us on Customer Care Number.: 020-6712 1212, Mail us: customercare@bajajlife.com. Bajaj Life Guaranteed Pension Goal II is A Non Linked Non Participating Immediate & Deferred Annuity Plan (UIN: 116N187V09). The Logo of Bajaj Life Insurance Limited is provided on the basis of license given by Bajaj Finserv Limited to use its “Bajaj” Logo. All charges/ taxes, as applicable, will be borne by the Policyholder.

¹Conditions Apply - The guaranteed benefits are dependent on the purchase price & annuity option chosen. For more details, please refer to sales brochure.

²The Purchase Price is the single Premium or the sum of all regular/limited Premiums paid (including in a paid-up policy); excluding any GST/any other tax as may be applicable from time to time.

⁵Health Benefit is offered through “Health Management Services”, as mentioned in Bajaj Life Guaranteed Pension Goal II sales brochure.

⁶Per Voucher Value: Each time a service is availed, the Per Voucher Value is the amount that can be claimed for that service | If the service cost is more than the Per Voucher Value, customer will have to pay the excess amount | Only one voucher can be used for a service | The voucher usage is available provided the total usage in a policy year does not exceed the wallet limit, as per the limits in the table above | Any unused wallet amount shall lapse at the end of the policy year

⁷The maximum pharmacy discount that can be availed in a policy year shall be limited to the monthly annuity amount, subject to a maximum discount of 25% per order.

⁸Deferment period will start from the Policy commencement date in a Deferred Annuity policy. Deferment period up to 30 years for options A, B, E and F under Deferred Annuity.

¹⁰For the complete list of Critical Illnesses covered, please refer to - https://tinyurl.com/4pc66j9b

*All figures are from FY 2006-07 to 31st March 2026.

^bThe monthly annuity amount shown is calculated based on the annuity frequency selected by the Policyholder. For Annual frequency, the monthly annuity amount is equal to the Annual Annuity Amount divided by 12. For Half-Yearly frequency, it is equal to the Half-Yearly Annuity Amount divided by 6. For Quarterly frequency, it is equal to the Quarterly Annuity Amount divided by 3. For Monthly frequency, it is equal to the Monthly Annuity Amount.

#Fair Usage Policy** and Abuse Management Clause* applicable as mentioned

IDFC FIRST Bank Ltd is a Corporate Agent for Bajaj Life Insurance Limited and is registered with Insurance Regulatory and Development Authority of India bearing registration number CA0106. This Plan is offered and underwritten by Bajaj Life Insurance Limited. The purchase of an insurance plan by the customer is purely on voluntary basis.

BLIC-WC-EC-22652/26

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Bajaj Life Guaranteed Pension Goal II