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  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on +44 7831 065557 or visit the nearest Metra Trust branch for further queries.

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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

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